Home prices
The median home value in Park Forest is $73,600. This is approximately $67,540 (47%) lower in comparison to nearby areas.It is roughly $143,900 (66%) lower compared to the entire nation, and in comparison to the city of Chicago is about $184,400 (71%) lower.
Rents
In Park Forest the median monthly rent is $1,211. It is about $30 (2%) higher compared to its surrounding areas.Compared to the entire nation it is roughly $149 (14%) higher, and compared to the city of Chicago is roughly $99 (8%) higher.
Nearby places
Richton Park
Richton Park is Park Forest's neighbor to the west. The real estate prices there are significantly more expensive. The median home value in Richton Park is $146,000, which works out to $72,400 (49%) higher than Park Forest. Its rents are somewhat less expensive. In Richton Park the median monthly rent is $1,073, which is $138 (12%) lower than Park Forest.
Olympia Fields
Olympia Fields is Park Forest's neighbor to the north. Housing prices there are significantly more expensive. The median home cost in Olympia Fields is $226,500, which is $152,900 (67%) higher than Park Forest. Rent there is substantially more expensive. Olympia Fields's median rent is $1,866 a month, which works out to $655 (35%) higher than Park Forest.
University Park
University Park is Park Forest's neighbor to the southwest. The housing prices there are substantially more expensive. The median home in University Park costs $124,100, which is $50,500 (40%) higher than Park Forest. Its rents are a little less expensive. The median monthly rent in University Park is $978, which works out to $233 (23%) lower than Park Forest.
Chicago Heights
Chicago Heights is Park Forest's neighbor to the northeast. Its real estate prices are a bit more expensive. The median home in Chicago Heights is valued at $105,900, which works out to $32,300 (30%) higher than Park Forest. Its rents are a bit less expensive. The median rent in Chicago Heights is $940 per month, which works out to $271 (28%) lower than Park Forest.
South Chicago Heights
South Chicago Heights is about 2 miles east from Park Forest. The real estate prices there are somewhat more expensive. The median home in South Chicago Heights is valued at $103,200, which comes out to $29,600 (28%) higher than Park Forest. Rents there are a little less expensive. In South Chicago Heights the median rent is $1,046 per month, which is $165 (15%) lower than Park Forest.
