Park Forest, IL population, income and ZIP codes

Park Forest village is a mid-size town in Illinois, with 20,898 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #116 of 1,462 ranked by population — larger than 92% of them. The median age here is 36.9 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Park Forest village earn a median of $62,305 a year, 20.7% below the national figure of $78,538 and 16% below the $74,244 median for the 698 Illinois cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 17.2% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Park Forest village is valued at $106,200, 65% below the national figure and 41% below the $179,100 peer median, while median gross rent runs $1,341 a month, 4.6% below the national figure, or roughly $16,092 across a full year. A household on the local median income would put about 25.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 1.7×, 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. 64.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. 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.