What is the rental vacancy rate in Park Forest, IL?

Name: Vacancy rate in Park Forest, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Park Forest, IL is 3.9% (±3.5 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.2% (±1.3 points).

712 (±202) homes, 8.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Park Forest, the rental vacancy rate went from 8.4% in 2015–2019 to 3.9% in 2020–2024 (−4.5 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 3.9% (±3.5 points)
Homeowner vacancy rate: 1.2% (±1.3 points)
Vacant homes: 712 (±202)

Vacancy in Park Forest against Cook County, its state and the nation

Estimate (90% margin of error)
	Park Forest	Cook County	Illinois	United States
Rental vacancy rate	3.9% (±3.5 points)	4.5% (±0.2 points)	5.0% (±0.2 points)	5.5%
Homeowner vacancy rate	1.2% (±1.3 points)	1.1% (±0.1 points)	1.0% (±0.1 points)	0.9%
Vacant housing units	712 (±202)	176,263 (±3,778)	421,003 (±7,877)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Park Forest, the rental vacancy rate is not measurably different from Cook County (4.5%).

It is not measurably different from Illinois (5.0%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Park Forest

Nearest places with a published estimate, compared with Park Forest
Place	Distance	Rental vacancy rate	Compared with this place
Park Forest	—	3.9% (±3.5 points)	—
South Chicago Heights	2.6 mi	4.3% (±7.5 points)	Not measurably different
University Park	2.8 mi	5.8% (±8.6 points)	Not measurably different
Olympia Fields	2.8 mi	19.6% (±20.6 points)	Not measurably different
Richton Park	2.9 mi	1.4% (±1.7 points)	Not measurably different
Rich Township	3.3 mi	2.3% (±1.7 points)	Not measurably different
Chicago Heights	3.4 mi	5.3% (±3.0 points)	Not measurably different
Matteson	3.6 mi	0.0% (±2.2 points)	Not measurably different
Steger	3.6 mi	1.1% (±1.9 points)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Cook County, place by place

Rank	Place	Rental vacancy rate
49 (tie)	South Chicago Heights	4.3% (±7.5 points)
54	Oak Lawn	4.1% (±3.2 points)
55 (tie)	Brookfield	4.0% (±3.5 points)
55 (tie)	Forest Park	4.0% (±3.4 points)
55 (tie)	Bloom Township	4.0% (±2.1 points)
58 (tie)	Evergreen Park	3.9% (±6.2 points)
58 (tie)	Park Forest	3.9% (±3.5 points)
58 (tie)	Niles Township	3.9% (±2.1 points)
61 (tie)	Berwyn	3.8% (±2.2 points)
61 (tie)	Rolling Meadows	3.8% (±5.0 points)
61 (tie)	Berwyn Township	3.8% (±2.2 points)
64 (tie)	Barrington Hills	3.7% (±7.5 points)
64 (tie)	Maywood	3.7% (±3.6 points)

Showing 13 of 148 places in Cook County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Park Forest

Is it hard to find a rental in Park Forest?

The rental vacancy rate in Park Forest, IL is 3.9% (±3.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Park Forest tighter than it was?

In Park Forest, the rental vacancy rate went from 8.4% in 2015–2019 to 3.9% in 2020–2024 (−4.5 percentage points), not a measurable change.

How many homes are vacant in Park Forest?

An estimated 712 (±202) housing units, 8.1% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Park Forest village, Illinois (place:57732, in state:17).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.