Market Overview
Home Prices in Forrest, IL
The median home value in Forrest, IL is $173,606 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.3% compared to a year ago and up 8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Forrest are priced58% below average. Forrest is part of the Pontiac, IL metro area.
Over the past five years, Forrest home values have risen by approximately55.4%, reflecting strong long-term appreciation in this market.
Price History
Forrest Home Price Trend
City Comparison
Forrest vs. National Median
At $173,606, homes in Forrest cost 58% below the national median of $410,000. This makes Forrest a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Forrest?
20% Down Payment
$34,721
on $173,606
Monthly P&I
$905/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,149/mo
incl. taxes & insurance
Income Needed
$45,960
gross annual (30% rule)
10% Down Option
$17,361
+ PMI applies
Loan Amount (20% dn)
$138,885
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Forrest, IL?
The median home value in Forrest is $173,606 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.3% year-over-year.
How much have home prices changed in Forrest?
Over the past year, home values in Forrest have increased by 12.3%. Over five years, prices have risen approximately 55.4%.
How much do I need to earn to buy a home in Forrest?
To comfortably afford the median home price of $173,606 with a 20% down payment ($34,721) at today's rates (6.8%), you'd need a gross annual income of approximately $45,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Forrest compare to the national average home price?
The national median home value is approximately $410,000. At $173,606, homes in Forrest are 58% below the national average.
What metro area is Forrest part of?
Forrest is part of the Pontiac, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.