HomeIllinoisCook CountyPark Forest
Park Forest, Illinois: commercial real estate data.
Park Forest is a Census village of 21,156 people across 4.96 square miles of land, lying across Cook County and Will County. Median household income is $61,072, 65.8 percent of occupied homes are owned, and the SBA record carries 11 7(a) approvals to borrowers here worth $5.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Park Forest
What Park Forest is
- Census place typevillage
- Land area4.96 sq mi
- Water area0 sq mi
- Population per square mile of land4,264
- County holding the largest share of its areaCook County, 77.9 percent
- Counties this place lies inCook County 77.9 percent, Will County 22.1 percent
Park Forest crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Forest
How many people live in Park Forest
- Population21,156
- Median age36.9
- Population under 184,895
- Share under 1823.1 percent
- Population 65 and over3,340
- Share 65 and over15.8 percent
- Households8,129
- Family households5,227
- Share of households that are families64.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Forest
Income and work in Park Forest
- Median household income$61,072
- Per capita income$30,021
- Civilian labor force10,476
- Employed9,568
- Unemployed908 plus or minus 298
- Unemployment rate8.7 percent plus or minus 2.8
- Adults 25 and over14,309
- Adults 25 and over with a high school diploma or higher91.6 percent
- Adults 25 and over with a bachelor degree or higher24.3 percent
- Adults 25 and over with a graduate degree8.8 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Forest
Housing in Park Forest
- Housing units8,841
- Occupied units8,129
- Vacant units712 plus or minus 202
- Vacancy rate8.1 percent plus or minus 2.2
- Owner occupied5,351
- Renter occupied2,778
- Ownership rate65.8 percent
- Median owner-occupied home value$115,300
- Median gross rent, monthly$1,365
- Annual rent as a share of median income26.8 percent
- Single family units7,540
- Share single family85.3 percent
- Units in buildings of two or more1,293 plus or minus 306
- Share in buildings of two or more14.6 percent plus or minus 3.4
- Mobile homes8 plus or minus 13
- Median year structure built1958
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Forest
How Park Forest gets to work
- Workers 16 and over who commute8,459
- Commuting under 15 minutes1,770 plus or minus 446
- Share commuting under 15 minutes20.9 percent plus or minus 5.0
- Commuting 30 minutes or more4,000
- Share commuting 30 minutes or more47.3 percent
- Drove alone79.0 percent
- Carpooled4.3 percent plus or minus 1.9
- Public transport5.1 percent plus or minus 2.6
- Walked0.8 percent plus or minus 0.8
- Worked from home7.6 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Forest
SBA loans in Park Forest (7(a))
- Approvals11
- Gross approval$5,452,700
- Average approval$495,700
- Median approval$59,200
- Largest approval$4,500,000
- Jobs supported153
- Jobs per approval13.9
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders7
- Distinct industries by NAICS9
Counted by borrower city: approvals to borrowers whose address is in Park Forest, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Park Forest
SBA loans in Park Forest (504)
- Approvals1
- Gross approval$110,000
- Average approval$110,000
- Median approval$110,000
- Largest approval$110,000
- Jobs supported9
- Loans with a final outcome0
- Charged off0
- Median term120 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Park Forest, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Park Forest
Flood risk in Park Forest
- NFIP communityVillage of Park Forest
- NFIP community number170145
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/15/19
The Village of Park Forest participates in the National Flood Insurance Program as community 170145 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Cook County, not Park Forest
Cook County context, not Park Forest figures
- Establishments in Cook County134,513
- Covered employment, Cook County2,565,567
- Average annual pay, Cook County$86,931
- Housing units permitted, Cook County6,507
Every figure in this section is published for Cook County as a whole and is not a measurement of Park Forest.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Park Forest questions, answered from the record.
How many people live in Park Forest, Illinois?
21,156, in 8,129 households. Park Forest village covers 4.96 square miles of land, which is 4,264 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Park Forest in?
Park Forest lies in more than one. By area it is 77.9 percent in Cook County, 22.1 percent in Will County. This page sits under Cook County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Park Forest?
$61,072. The median owner-occupied home is valued at $115,300. Median gross rent is $1,365 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Park Forest businesses?
11 7(a) approvals totaling $5.5 m since FY2020, across 7 lenders, median approval $59,200, plus 1 504 approvals worth $110,000 since FY2010. These count approvals to borrowers whose address is in Park Forest, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Park Forest borrowers get paid back?
No rate is published for Park Forest. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Park Forest in the National Flood Insurance Program?
Yes. Park Forest appears in the FEMA Community Status Book as Park Forest, village of, community 170145, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Park Forest figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cook County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Park Forest.
Is zoning published for Park Forest?
No. Nothing on this page presents parcel level zoning.