Park Forest Village, PA
Population 8,810 · Pennsylvania
About Park Forest Village, PA
Park Forest Village is a small town located in Pennsylvania with a population of 8,810 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,363 per year, which is 6% above the national median of $75,149. The median age of 37.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Park Forest Village features a median home value of $383,100, which is 56% above the national median of $244,900. This places Park Forest Village in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,317, 13% above the national average of $1,163/month. Of the 4,246 total housing units, 57% are owner-occupied (2,164 units) and 43% are renter-occupied (1,658 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Park Forest Village shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 22.5%, above the national average of 12.4%. Workers in Park Forest Village have an average one-way commute time of 14.6 minutes, one of the shorter commutes in the region.
Education & Demographics
75.6% of Park Forest Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.3% White, 0.3% Hispanic or Latino, 0.2% Black or African American, and 2.1% Asian residents, with 18.4% of the population being foreign-born.
How Park Forest Village Ranks in Pennsylvania
Cost of Living in Park Forest Village, PA
Compared to national averages, Park Forest Village has a median household income of $79,363 (6% above the national median of $75,149). Home values average $383,100, which is 56% above the national median. Monthly rent at $1,317 is 13% above the US average of $1,163. Within Pennsylvania, Park Forest Village's income is 8% above the state average of $73,376, and home values are 101% above the state median of $190,903.
Why Live in Park Forest Village, PA?
Park Forest Village offers a strong local economy with a median household income of $79,363, well above the national average, and a well-educated community where 75.6% of residents hold a bachelor’s degree or higher, and short commute times averaging just 14.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $383,100. However, Park Forest Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Park Forest Village has a population of 8,810 with a median age of 37.1 years. Compare Park Forest Village with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Park Forest Village
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carbondale | 8,820 | $48,592 | $118,800 | Compare |
| Collingdale | 8,862 | $49,578 | $146,600 | Compare |
| East York | 8,868 | $83,030 | $221,800 | Compare |
| Beaver Falls | 8,885 | $48,462 | $92,900 | Compare |
| Village Green-Green Ridge | 8,725 | $93,223 | $300,600 | Compare |
| Jeannette | 8,719 | $49,558 | $106,600 | Compare |
| Northwest Harborcreek | 8,908 | $87,601 | $215,200 | Compare |
| Millersville | 8,711 | $65,721 | $265,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Park Forest Village With Other Cities
Frequently Asked Questions about Park Forest Village
What is the population of Park Forest Village, PA?
The population of Park Forest Village, PA is 8,810 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Park Forest Village?
The median household income in Park Forest Village, PA is $79,363 per year, which is 6% above the national median of $75,149.
What is the median home value in Park Forest Village?
The median home value in Park Forest Village, PA is $383,100, which is 56% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Park Forest Village?
The median monthly rent in Park Forest Village, PA is $1,317, which is 13% above the national average of $1,163/month.
What is the unemployment rate in Park Forest Village?
The unemployment rate in Park Forest Village, PA is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Park Forest Village, PA a good place to live?
Park Forest Village offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,810 and a median age of 37.1, the city appeals to a broad range of residents.
How educated is Park Forest Village, PA?
75.6% of residents in Park Forest Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Park Forest Village?
Key cost-of-living indicators for Park Forest Village, PA: median home value is $383,100 (56% above national), median rent is $1,317/month, and median household income is $79,363. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Park Forest Village?
The poverty rate in Park Forest Village, PA is 22.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Park Forest Village, PA?
Park Forest Village's population is 3.3% White, 0.3% Hispanic or Latino, 0.2% Black or African American, 2.1% Asian, and 2.3% two or more races. 18.4% of residents are foreign-born.