Housing in Forest City, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$80,606

Forest City vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Forest City is highlighted.

Median Home Value

7th%ilemost expensive$70,000show rank

Median Rent

46th%ilemost expensive rent$920show rank

Rent Burden

42nd%ilehighest rent burden17.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$70,000

Median Rent

$920

Total Housing Units

102

Vacancy Rate

8.8%

Owner Occupied

71.0%

Renter Occupied

29.0%

Median Property Tax

$1,958

per year

Monthly Cost (w/ Mortgage)

$860

Housing Types

Single Family

89.2%

Multi-Family

0.0%

Mobile Home

10.8%

The median home value in Forest City, IL is $70,000. According to Zillow, the home value index for Forest City is $80,606. The median rent is $920 per month (Census ACS). About 71.0% of housing units are owner-occupied. The median year homes were built is 1962. There are 102 total housing units.