Forest Park, IL is a desirable place to live due to its housing values. The median value of housing in Forest Park, IL is $265,400 - significantly lower than the US House Median Value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, but in Forest Park it is even higher at 9.73%. This data suggests that the housing market in Forest Park is particularly strong and stable, making it an attractive place for people looking for a place to buy or rent a home.
The median home cost in Forest Park is $265,400. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Forest Park is up 12.6%.
Average Age of Homes
- The median age of Forest Park real estate is 59 years old
The Rental Market in Forest Park
- Renters make up 46.1% of the Forest Park population
- 3.0% of houses and apartments in Forest Park, 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.