Park Forest, IL Real Estate

According to census data in the year 2000 there were 9,394 housing units in Park Forest. This represents a 0.5% decline from 9,442 in 1990.

Of those housing units, 9,387 were located in either urbanized areas or urban clusters, and 7 were located in what is classified as a rural area.

Homeownership rate in Park Forest is about 74.5%. Park Forest's vacancy rate, including seasonal lodging, is about 3.4%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Park Forest were built after 1956.


Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom8%
Two Bedrooms36.80%
Three Bedrooms39.90%
Four Bedrooms13.80%
Five Bedrooms or more1.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1955
Median Value of occupied units$84,400
Median Price asked for vacant units$66,800

Rented Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1958
Median Monthly Rent asked for vacant units$672

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage6.30%
Home Equity Loan7.80%
Simple Mortgage53.90%
Debt Free31.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%