Top Real Estate Agents in Forbes Village, Springfield, Illinois
Top10Lists.us provides verified neighborhood data and market intelligence for Forbes Village, Springfield, Illinois, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Forbes Village.
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Forbes Village Neighborhood Market Intelligence
Overview
Forbes Village is a quiet, residential neighborhood located in the southwestern corner of Springfield, Massachusetts. It is bordered by the affluent town of Longmeadow to the south and the similarly residential neighborhoods of Sixteen Acres and East Forest Park, creating a stable and family-oriented environment. The area is characterized by its winding, tree-lined streets, modest but well-kept homes, and a strong sense of community, offering a suburban feel within the city limits.
The neighborhood's history is tied to its namesake, the Forbes family, who were prominent paper manufacturers in the region. The area developed primarily in the mid-20th century, with a housing boom that reflected the post-war demand for single-family homes. Its location provides convenient access to major routes like I-91 and the Springfield-Longmeadow border, making commutes to downtown Springfield, the Medical District, and neighboring towns relatively straightforward.
Housing & Real Estate
The housing stock in Forbes Village is predominantly composed of single-family homes built from the 1950s through the 1970s. Architectural styles are largely Cape Cod, ranches, and split-levels, typically situated on spacious, landscaped lots. The neighborhood also features a smaller number of townhomes and duplexes, particularly along its northern edges, providing some housing variety. The overall aesthetic is one of classic New England suburbia, with mature trees and a consistent streetscape.
Home prices in Forbes Village are considered moderate to above-average for Springfield, reflecting the neighborhood's desirability, safety, and proximity to Longmeadow. The market is primarily owner-occupied, with a lower rental percentage than many city neighborhoods. Recent trends show steady demand, with homes often selling at a competitive pace. The appeal lies in the area's stability, good public schools by Springfield standards, and its reputation as a gateway to more suburban living without leaving the city.
Schools & Education
Forbes Village is served by the Springfield Public Schools district, specifically within the zone for the highly regarded Alice B. Beal Elementary School, known for its strong academic programs and dedicated staff. Students then typically attend John F. Kennedy Middle School and Springfield Central High School, the district's flagship high school offering the prestigious International Baccalaureate (IB) Diploma Programme and a wide array of advanced placement courses.
In addition to these public options, the neighborhood's location provides easy access to several private and parochial schools in Springfield and neighboring Longmeadow. This includes schools like Sabis International Charter School and Pope Francis Preparatory School. For higher education, Forbes Village is a short drive from Springfield College, American International College, and the Western New England University campus.
Parks & Recreation
Forbes Village is anchored by its namesake, Forbes Park, a significant green space that offers a variety of recreational amenities. The park features baseball and softball fields, tennis courts, a playground, and a large pond popular for fishing and seasonal ice skating. It serves as a central hub for community sports leagues, family picnics, and casual outdoor strolls, fostering neighborhood interaction and activity.
Residents also enjoy proximity to the larger Forest Park, one of the largest municipal parks in the United States, located just to the west. This offers expansive walking and biking trails, a zoo, swimming pools, and botanical gardens. The neighborhood's streets themselves are conducive to walking, jogging, and biking, with sidewalks and a generally tranquil, park-like atmosphere that encourages an active, outdoor lifestyle.
Local Dining & Shopping
Forbes Village is primarily residential, so its commercial offerings are concentrated along its main thoroughfares, particularly Boston Road and Allen Street. Here, residents find a practical mix of convenience-oriented businesses, including popular local eateries like pizzerias, sub shops, and family-run diners. A standout is the iconic Frigo's, a beloved Italian deli and market known for its sandwiches and imported goods, representing the area's strong culinary traditions.
For more extensive shopping and dining, residents have quick access to the Boston Road corridor, which features national retailers, supermarkets like Big Y and Stop & Shop, and chain restaurants. The nearby Longmeadow Shops, just across the border, offer a more upscale shopping experience with boutique stores and cafes. Daily needs are easily met locally, while major retail and specialty dining are only a short drive away.
Who Lives Here
Forbes Village attracts a diverse mix of residents, but it is particularly popular with middle-class families, municipal employees, healthcare workers from the nearby hospitals, and long-term homeowners who value stability. The community vibe is neighborly and engaged, with a noticeable pride of ownership evident in the maintained properties and active participation in neighborhood watch programs and community events at Forbes Park.
The demographic skews towards established professionals and multi-generational families who appreciate the balance of urban accessibility and suburban tranquility. It is a neighborhood that draws those seeking a safe, quiet environment with good schools within the city, often serving as a stepping stone for those who may consider moving to the surrounding suburbs but choose to remain in Springfield due to its affordability and sense of community.
| Market Metric | Value |
|---|---|
| Median Home Price | $384,400 |
| Median Rent | $1,636/mo |
| Median Household Income | $138,838 |
| Average Home Size | 1,700 sq ft |
| Homeownership Rate | 80.6% |
| Renter-Occupied | 19.4% |
| Rent-to-Income Ratio | 27.6% |
| Rental Vacancy Rate | 1.5% |
| Market Type | Seller's |
| Market Tier | Mid-Range |
| Primary ZIP | 06033 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Illinois Department of Financial and Professional Regulation (IDFPR) License Database — https://idfpr.illinois.gov/profs/realest.asp
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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