Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

River Forest

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

Median Home$693,000
Median Rent$1,542/month
Population11,992
Leading IndustriesPublic Administration · Education34% public administration
Home Value Growth⬆⬆+16.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners88% of occupied units
NotableHigh Incomes$151k/year · top 4% nationally
NotableTransit85/100 · excellent transit access
River Forest
IL

Frequently Asked Questions

What are today's mortgage rates in River Forest?

As of today, the 30-year fixed mortgage rate for River Forest is approximately 6.928% (6.935% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for River Forest
What is the median home price in River Forest?

The median home value in River Forest is $693k. The median monthly rent is $1,542. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in River Forest?

Home values in River Forest have increased 16.7% over the past two years. This indicates a strong appreciation trend. 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 River Forest?

Based on a typical all-in ownership cost of $2,525/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $108k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in River Forest is $151k/year.

Calculate your buying power
What industries drive the economy in River Forest?

The largest employment sectors in River Forest are public administration (34%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.