Forest City, IL Real Estate

According to census data in the year 2000 there were 116 housing units in Forest City. This represents a 4.9% decline from 122 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 116 were located in what is classified as a rural area.

Homeownership rate in Forest City is about 83.5%. Forest City's vacancy rate, including seasonal lodging, is about 6%. Average household size is 3.11 people.

The majority of houses, apartments or condos in Forest City were built after 1949.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.70%
Two Bedrooms40.50%
Three Bedrooms36.20%
Four Bedrooms17.20%
Five Bedrooms or more4.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.05
Median year structure was built1950
Median Value of occupied units$40,800
Median Price asked for vacant units$25,000

Rented Homes, Apartments and Condos

Average Household Size3.39
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan0%
Simple Mortgage56.50%
Debt Free39.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.4%