Forrest, IL population, income and ZIP codes

Forrest village is a small town in Illinois, with 1,008 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #695 of 1,462 ranked by population — larger than 52% of them. The median age here is 32.6 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Forrest village earn a median of $70,417 a year, 10.3% below the national figure of $78,538 and 5% below the $74,244 median for the 698 Illinois cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 14.7% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Forrest village is valued at $104,000, 65.7% below the national figure and 42% below the $179,100 peer median, while median gross rent runs $663 a month, 52.8% below the national figure, or roughly $7,956 across a full year. A household on the local median income would put about 11.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.5×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 79.8% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.