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Illinois · Census place 57732

Park Forest village, IL

Quick answer

Park Forest village has 20,898 residents, ranking #116 of 1462 places in Illinois. Median household income is $62,305, the median home is worth $106,200 and median gross rent runs $1,341 a month.

Population
20,898Park Forest village residents
Median household income
$62,305Past 12 months, inflation adjusted
Median home value
$106,200Owner-occupied units
Median gross rent
$1,341Rent plus utilities, monthly
Median age
36.9 yrsAll residents
Homeownership rate
64.5%Owner-occupied households

What the numbers mean in Park Forest village

Housing cost measured against local earnings.

A household earning the Park Forest village median would spend about 25.8% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 17.2% of residents and 64.5% 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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