Park Forest, IL is a great place to live with a median home value of $137,600, which is significantly lower than the US House Median Value of $338,100. In addition, the 1 year house appreciation in Park Forest was 9.35%, higher than the national average of 8.27%. This signals that Park Forest is an attractive place for prospective homeowners looking for good value and potential home equity growth.
The median home cost in Park Forest is $137,600. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Park Forest is up 13.7%.
Average Age of Homes
- The median age of Park Forest real estate is 60 years old
The Rental Market in Park Forest
- Renters make up 32.1% of the Park Forest population
- 0.6% of houses and apartments in Park Forest, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.