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The median home value in Park Forest, IL is $160,865 as of 2026-07-31, up 4.76% from a year earlier.
Median Home Value
$160,865
Year-over-Year
+4.76%
Population
20,487
Park Forest ranks #231 of 279 Illinois cities tracked here by median home value, and sits 49.6% below the state's city median of $319,026. It sits in Cook County, where the county-wide median is $344,339.
Median household income in Park Forest is $61,072, so the typical home value is about 2.6× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Park Forest police recorded a violent crime rate of 283 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,508 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Park Forest, that value is $160,865. That's up 4.76% from a year earlier. It is about 49.6% below the typical Illinois city tracked here.
Homes in Park Forest are cheaper than Cook County as a whole, where the median is $344,339 — a difference of about 53.3%.
Median household income here is $61,072, so the typical home value is about 2.6× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Park Forest police reported 283 violent crimes per 100,000 residents, covering a population of about 20,487. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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