What are current home values in Forest Park, IL?

The median home value in Forest Park, IL is $291,076 as of August 2026. This represents a 0.9% increase compared to last month and a 6.8% increase year-over-year.

How have home values changed in Forest Park, IL?

Home values in Forest Park, IL have increased by 0.9% month-over-month and 6.8% year-over-year.

How do home values in Forest Park, IL compare to Cook County, Illinois, and the national average?

The median home value in Forest Park, IL ($291,076) compares to: Cook County ($341,570), Illinois ($297,573), and the U.S. national median ($368,697).

Forest Park, IL Housing Market

$291,076

6.8% 1-yr

The average Forest Park, IL home value is $291,076, up 6.8% over the past year. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Forest Park Key Takeaways

Typical Home Values: $291,076

1-Year Value Change: +6.8%

(Data through August 31, 2026)

Forest Park Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 45 (August 31, 2026)

New Listings: 20 (August 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $307,967 (August 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Forest Park

NameMedian ZHVI
The Island--
South Austin$235,484
Galewood$350,834
North Austin$296,790
West Garfield Park$206,932
Montclare$349,860
Hanson Park--
Lawndale$229,777
West Humboldt Park$275,992

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Forest Park Rental Market Trends

Average Rent: $1,601 (August 31, 2026)

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: 1.6% (August 31, 2026)

Year-Over-Year Change: 5.6% (August 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.