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Park Forest village, IL

ZIP 60466 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60466

Median Home Value
$106,100
Median Rent
$1,129
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$682/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

7.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60466 in Park Forest village, IL, a household would need roughly $29,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $682. That sits below the local median household income ($63,132), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.9%-1% vs US avg
x
Vacancy Rate
8.8%-14% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
8.7%-32% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
24.9%-50% vs US avg
x
Mortgage-Free
48.5%+27% vs US avg
x
$106,100
Home Value
$1,129
Rent
1958
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached61.8%
  • 1-unit attached26.0%
  • 2-9 units4.0%
  • 10+ units8.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,100
Median rent$1,129
Owner-occupied64.9%
Vacant8.8%
Price-to-income1.7x
Est. income to buy$29,000