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ZipNumbers

Illinois · Census place 26753

Forest City village, IL

Quick answer

Forest City village has 225 residents, ranking #1174 of 1462 places in Illinois. Median household income is $63,125, the median home is worth $70,000 and median gross rent runs $920 a month.

Population
225Forest City village residents
Median household income
$63,125Past 12 months, inflation adjusted
Median home value
$70,000Owner-occupied units
Median gross rent
$920Rent plus utilities, monthly
Median age
38.6 yrsAll residents
Homeownership rate
71%Owner-occupied households

What the numbers mean in Forest City village

Housing cost measured against local earnings.

A household earning the Forest City village median would spend about 17.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 28.4% of residents and 71% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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