The median home in Forest Park, Illinois is valued at $264,891, up 3.8% year over year. Typical monthly rent is $1,595, producing a price-to-rent ratio of 13.8x — below the national average of 18x. Forest Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$264,891

+3.8%

Rent$1,595/mo

AFFORDABILITY

Enter your income for Forest Park.

Income (annual)

Down Payment

$52,978 on $264,891

Stretch — 31.7% of income

Above 28% but manageable with cuts.

PITI$1,982

P/I31.7%

Afford$234K

Gap-$31K

P&I $1,339Tax $492Ins $150

Renting $387/mo cheaper ($1,595 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Forest Park with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

FOREST PARK, IL