What HUD offices serve Forest Park, Illinois?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Forest Park.
How many renters live in Forest Park, Illinois?
The City of Forest Park has 14,165 people living in 7,328 households.
There are 5,510 renters living in 3,284 renter households in this City. Renters make up 38.9 percent of the population living in Forest Park.
What is the rental market like in Forest Park, Illinois?
There are an estimated 8,094 housing units in the Forest Park area. Of these, 3,621 units are rental homes, making up 45 percent of the housing market. For every renter household in Forest Park, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Forest Park?
The rental vacancy rate in Forest Park is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Forest Park for each bedroom size?
Occupied Rental Units by Size in Forest Park
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 240 | 1,182 | 1,268 | 537 | 13 |
Occupied Rental Units by Size in Forest Park
A large number of apartments in Forest Park have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Forest Park are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Forest Park
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,399 |
| One BR | $1,507 |
| Two BR | $1,714 |
| Three BR | $2,182 |
| Four BR | $2,583 |
2024 Fair Market Rents in Forest Park, Illinois
How many units are rented at Fair Market Rent (FMR) in Forest Park?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 200 | 83 percent |
| One BR | 1,121 | 95 percent |
| Two BR | 751 | 59 percent |
Rental Units Below FMR in Forest Park, Illinois
How many affordable rental units are in Forest Park?
There are a variety of federal affordable housing programs serving households in Forest Park, Illinois including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 60 |
Tracked Units by Federal Program in Forest Park, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Forest Park, Illinois
Forest Park features 60 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Forest Park, Illinois
There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forest Park.
Housing Choice Vouchers in Forest Park, Illinois
On average, Section 8 Housing Choice vouchers pay Forest Park landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Forest Park.
The maximum amount a voucher would pay on behalf of a low-income tenant in Forest Park, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.
