The median home in Park Forest, Illinois is valued at $147,295, up 0.5% year over year. Typical monthly rent is $1,916, producing a price-to-rent ratio of 6.4x — below the national average of 18x. Park Forest 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$147,295

+0.5%

Rent$1,916/mo

AFFORDABILITY

Enter your income for Park Forest.

Income (annual)

Down Payment

$29,459 on $147,295

Affordable — 18.7% of income

Under the 28% guideline.

PITI$1,169

P/I18.7%

Afford$221K

Room+$73K

P&I $745Tax $274Ins $150

Buying $747/mo cheaper ($1,916 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 Park Forest 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 →

PARK FOREST, IL