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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 8% |
| Two Bedrooms | 36.80% |
| Three Bedrooms | 39.90% |
| Four Bedrooms | 13.80% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 53.90% |
| Debt Free | 31.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
