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Park Forest village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.7x is exceptionally low

As of 2026, Park Forest village, Illinois has a total population of 20,898, the 116th largest city in Illinois, with a median household income of $62,305, which is 24% lower than the state average. The poverty rate is 17.2%.

Key Takeaways

Park Forest village Quick Facts

Population 20,898
Median Household Income $62,305
Median Home Value $106,200
Poverty Rate 17.2%
Unemployment Rate 7.2%
Median Age 36.9 years
Homeownership Rate 64.5%
Affordability Ratio 1.7x
Bachelor's Degree or Higher 25.8%
High School Graduation Rate 91.2%
Diversity Index 47/100
Population 20,898 116th of 1,445
Median Income $62,305 average
Poverty Rate 17.2% 38% higher national
Median Home Value $106,200 average

How Park Forest village Compares

Economy & Housing

Employment

7.2% Unemployment Rate State: 5.8% | National: 5.2%
63.7% Labor Force Participation

Housing Overview

Owner 64.5%
Renter 35.5%
Affordability Index Very Affordable
1.7x home value to income ratio

People & Demographics

Diversity Index

47out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 60 | National average: 60

Education

Park Forest village Rankings in Illinois

#116 Population of 1,445
#812 Median Income of 1,445
#404 Education of 1,445
#792 Home Value of 1,445

Cities Similar to Park Forest village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
East Moline city20,837$63,328$135,30021.0%18.1%
Dolton village20,979$58,706$140,50022.7%20.4%
Crest Hill city19,754$71,408$222,60021.5%10.9%
Blue Island city23,416$60,965$169,80019.3%16.1%
Loves Park city23,185$58,633$144,90024.9%15.0%

Population Overview

Park Forest village is a small city located in Illinois. The total population is 20,898. It ranks as the 116th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Park Forest village is 36.9 years. This is 5% lower than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Park Forest village is $62,305. This is 24% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 21% lower. The poverty rate stands at 17.2%. This is 47% higher than the state poverty rate of 11.7%. The unemployment rate is 7.2%. This is 24% higher than the state rate of 5.8%. The median home value is $106,200. Housing costs are 58% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.7x, Park Forest village is one of the most affordable housing markets in the area. 64.5% of occupied housing units are owner-occupied. This homeownership rate is 4% lower than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Park Forest village is Black or African American, making up 69.5% of the population. White (non-Hispanic) residents account for 18.5%. The White (non-Hispanic) population (18.5%) is well below the state average of 58.8%. The Black or African American population is significantly higher than the state average (69.5% vs 13.6%). The Hispanic or Latino population (8.9%) is well below the state average of 18.5%. The Asian population (0.5%) is well below the state average of 5.8%.

Education

25.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 31% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.2%.

Data Sources & Methodology

All demographic data for Park Forest village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Park Forest village, Illinois?

Park Forest village, Illinois has a population of 20,898 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Park Forest village, IL?

The median household income in Park Forest village is $62,305, which is 21% lower the national median of $78,538.

What is the poverty rate in Park Forest village, IL?

The poverty rate in Park Forest village is 17.2%. This means approximately 3,575 residents live below the federal poverty line.

What is the racial makeup of Park Forest village, Illinois?

Park Forest village's population is 18.5% White, 69.5% Black, 8.9% Hispanic/Latino, and 0.5% Asian.

What is the median home value in Park Forest village, IL?

The median home value in Park Forest village is $106,200. The home-value-to-income ratio is 1.7x.

How educated is Park Forest village, Illinois?

25.8% of adults (25+) in Park Forest village hold a bachelor's degree or higher, and 10.6% hold a graduate or professional degree.