House Prices

House Prices & Home Values Park Forest, IL 2026


Average Data

average house price$123,092
average size per house1352 ft²
average price per ft²92 $ / ft²

05/19/2026 - The value range (VR) for house prices in Park Forest, IL is $91/ sqft to $91/ sqft. An average home with 1352 sqft costs approximately $123,032 to $123,032. Park Forest, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60466, while the highest are in ZIP 60466. The average price per sqare feet is $92. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Park Forest

6046698 $ / ft²




Historical development of home values in Park Forest

Year Estimated value (USD) Change vs. 2025
2010 $57,166 -53.6%
2011 $54,956 -55.4%
2012 $54,808 -55.5%
2013 $56,856 -53.8%
2014 $59,683 -51.5%
2015 $62,746 -49.0%
2016 $66,021 -46.4%
2017 $69,584 -43.5%
2018 $73,431 -40.3%
2019 $76,836 -37.6%
2020 $80,808 -34.4%
2021 $91,911 -25.3%
2022 $107,147 -13.0%
2023 $112,992 -8.2%
2024 $119,529 -2.9%
2025 $123,092 0.0%

Graph: estimated home values in Park Forest over time (USD)



Example: 100% financing house in Park Forest

Loan amount: $123,092

Interest rate: 6.00%

Fixed monthly payment: $738.00

Breakdown in the 1st month:
Interest portion: $615.46  –  Principal portion: $122.54

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,344.40 $1,511.58 $121,580.42
2 $7,251.17 $1,604.82 $119,975.60
3 $7,152.19 $1,703.80 $118,271.80
4 $7,047.10 $1,808.88 $116,462.92
5 $6,935.53 $1,920.45 $114,542.47
6 $6,817.08 $2,038.90 $112,503.57
7 $6,691.33 $2,164.66 $110,338.91
8 $6,557.82 $2,298.17 $108,040.75
9 $6,416.07 $2,439.91 $105,600.83
10 $6,265.58 $2,590.40 $103,010.43
11 $6,105.81 $2,750.17 $100,260.26
12 $5,936.19 $2,919.80 $97,340.47
13 $5,756.10 $3,099.88 $94,240.58
14 $5,564.91 $3,291.08 $90,949.51
15 $5,361.92 $3,494.06 $87,455.44
16 $5,146.42 $3,709.57 $83,745.87
17 $4,917.62 $3,938.37 $79,807.51
18 $4,674.71 $4,181.28 $75,626.23
19 $4,416.82 $4,439.17 $71,187.06
20 $4,143.02 $4,712.97 $66,474.09
21 $3,852.33 $5,003.65 $61,470.44
22 $3,543.72 $5,312.27 $56,158.17
23 $3,216.07 $5,639.92 $50,518.26
24 $2,868.21 $5,987.77 $44,530.48
25 $2,498.90 $6,357.09 $38,173.40
26 $2,106.81 $6,749.18 $31,424.22
27 $1,690.53 $7,165.45 $24,258.77
28 $1,248.58 $7,607.40 $16,651.37
29 $779.38 $8,076.61 $8,574.76
30 $281.23 $8,574.76 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Park Forest, IL


1500 sqft3900 sqft
Ø selling price$166,980$355,212
Ø fast selling$151,800$319,691
Ø high price sale$182,161$390,734

In 2026, houses in Park Forest, IL will be offered at an average price of $92 per square foot. A 1,500 sqft home priced at $166,980 is 24.52% more expensive per square foot than a 3,900 sqft home priced at $355,212. Home prices in Park Forest, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $245,917. Sellers who can wait longer may achieve a higher price of up to $300,564.


Park Forest, IL: Community, Parks, and Lifestyle

Overview

Park Forest, IL is a historic planned community in Chicago's south suburbs known for tree-lined neighborhoods and civic art. Founded in 1948, the village blends mid-century heritage with contemporary amenities and a strong sense of place.
Visitors and residents enjoy the central Village Green, public sculptures, and community festivals that showcase local culture.

Things to Do and Quality of Life

Park Forest, Illinois offers abundant parks, trails, and access to the nearby Thorn Creek Nature Center and forest preserve. Families value the village's schools, libraries, and recreation programs that support year-round learning and wellness.
The Park Forest Farmers Market and regional arts events at Freedom Hall draw shoppers, audiences, and creators from across the Southland.

Housing, Transit, and Economy

Housing options range from affordable single-family homes to townhomes and apartments, making Park Forest attractive to first-time buyers. Commuters benefit from proximity to Metra Electric stations, I-57 and I-394, and convenient connections to downtown Chicago.
Local employers, small businesses, and nearby industrial corridors provide steady job opportunities and a diversified tax base. Whether you are relocating, investing in real estate, or planning a visit, Park Forest, IL delivers a welcoming community with genuine value.



FAQ – Home Values in Park Forest

What is the median home value in Park Forest in 2026?

In 2026, the typical home value in Park Forest is about $123,092 for an average home size of 1352 square feet. This corresponds to an average price of roughly $92 per square foot.

What is the average cost per square foot in Park Forest?

In 2026, homes in Park Forest sell for an average of around $92 per square foot, with a typical range between $91 and $91 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Park Forest is about 1352 square feet, with an estimated 2026 value around $123,092.



Locations close to Park Forest, IL

Orland Park, IL173 $ / ft²
Peotone, IL150 $ / ft²
Posen, IL87 $ / ft²
Palos Hills, IL168 $ / ft²
Palos Park, IL179 $ / ft²
Palos Heights, IL137 $ / ft²
  imprint  Privacy