Park Forest, IL Real Estate
According to census data in the year 2000 there were 9,394 housing units in Park Forest.
This represents a 0.5% decline from 9,442 in 1990.
Of those housing units, 9,387 were located in either urbanized areas or urban clusters, and 7 were located in what is classified as a rural area.
Homeownership rate in Park Forest is about 74.5%.
Park Forest's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Park Forest were built after 1956.
|Housing Units by Size|
|Five Bedrooms or more||1.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.56|
|Median year structure was built||1955|
|Median Value of occupied units||$84,400|
|Median Price asked for vacant units||$66,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.39|
|Median year structure was built||1958|
|Median Monthly Rent asked for vacant units||$672|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||7.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.9%|