Land and home values in Park Forest, IL
Park Forest is a village in Cook County, Illinois, home to about 21,156 people. Residential land runs about $2.20 per sq ft, the typical home is worth about $136,000, and a 2-bedroom rents for about $1,740 a month, as of October 12, 2026.
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| Land: residential | $2.20 | per sq ft |
| Land: residential | $95,919 | per acre |
| Land: quarter-acre lot | $23,980 | 10,890 sq ft |
| Home: typical (median) | $136,000 | value |
| Home: entry-level | $52,200 | lower quartile |
| Home: upper-end | $188,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,570 | per month |
| Rent: 2-bedroom | $1,740 | per month |
| Rent: 3-bedroom | $2,270 | per month |
| Rent: 4-bedroom | $2,630 | per month |
| Gross yield, 2-bed | 15.4% | a year |
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Questions people ask
How much is land worth in Park Forest, IL?
Residential land in Park Forest, IL is about $2.20 per square foot, or $95,919 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $23,980. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Park Forest, IL?
The typical (median) home in Park Forest, IL is worth about $136,000, with entry-level homes around $52,200 and upper-end homes around $188,000, as of October 2026.
How much is rent in Park Forest, IL?
A 2-bedroom rents for about $1,740 a month in Park Forest, IL, a 1-bedroom about $1,570 and a 3-bedroom about $2,270 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.