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Forest View

Learn about the people, housing, costs and businesses in Forest View, Illinois

Median Home$275,500
Median Rent$1,236/month
Population729
Leading IndustriesFinance & Insurance · Information & Media · Retail11% finance & insurance
Home Value Growth-9.7% over 2 years
Family-Friendly28% of residentswell above average
Homeowners88% of occupied units
NotableTransit89/100 · excellent transit access
NotableHigh Incomes$87k/year · top 28% nationally
Forest View
IL

Frequently Asked Questions

What are today's mortgage rates in Forest View?

As of today, the 30-year fixed mortgage rate for Forest View is approximately 7.029% (7.039% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Forest View?

The median home value in Forest View is $276k. The median monthly rent is $1,236. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forest View?

Home values in Forest View have decreased 9.7% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Forest View?

Based on a typical all-in ownership cost of $1,343/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forest View is $87k/year.

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What industries drive the economy in Forest View?

The largest employment sectors in Forest View are retail (17%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.