Park Forest, IL Profile: Facts & Data

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Park Forest, Illinois - Basic Facts

The Village of Park Forest had a population of 21,309 as of July 1, 2019. Park Forest ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Park Forest is located at latitude 41.4914 and longitude -87.6745 in Cook County. The formal boundaries for the Village of Park Forest encompass a land area of 4.96 sq. miles and a water area of 0 sq. miles. Cook County is in the Central time zone (GMT -6). The elevation is 712 feet.

While the primary coordinates for Village of Park Forest are located in Cook County, it should be noted that the formal boundaries for this community also extend into and Will County.

The Village of Park Forest (GNIS ID: 2399622) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Park Forest is located within Township of Rich, a minor civil division (MCD) of Cook County.


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  1. Park Forest 2019 Demographic Data
  2. Growth Rates for Park Forest (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Park Forest, IL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Park Forest, IL Housing Affordability Index is 221
State of Illinois Housing Affordability Index is 119
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Park Forest, IL Wealth Index is 63
State of Illinois Wealth Index is 105
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Illinois address.

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  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 21,309
Population in Households 20,998
Population in Familes 16,703
Population in Group Qrtrs 311
Population Density 4,295
Diversity Index1 62
 

INCOME

Median Household Income $52,342
Average Household Income $65,111
Per Capita Income $26,461
Wealth Index3 63

HOUSING

Total Housing Units 9,892 (100%)
Owner Occupied HU 5,735 (58.0%)
Renter Occupied HU 2,810 (28.4%)
Vacant Housing Units 1,347 (13.6%)
Median Home Value $76,964
Housing Affordability Index2 221
 

HOUSEHOLDS

Total Households 8,545
Average Household Size 2.46
Family Households 5,258
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.33% -0.31%
Households -0.26% -0.28%
Families -0.48% -0.38%
Median Household Income   1.85%
Per Capita Income   2.44%

Park Forest, IL - Peer Comparisons by Rank and Percentile

The table below compares Park Forest to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 116 92nd
Population Density # 68 95th
Diversity Index # 102 93rd
Median Household Income # 908 34th
Per Capita Income # 894 35th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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