Forest parks provide important recreational and tourism benefits to residents, so it is essential to know what residents' perceptions are regarding the recreational value of forest parks for participatory forest planning and management. This study investigated forest park recreational value in the physical, psychological, and social dimensions in Shanghai according to questionnaires completed by 658 respondents, and examined the relationships between recreational value and residents' social variables by multiple correspondence analysis (MCA). The results show the following: 1) The recreational value of forest parks is perceived as most important in the psychological dimension, while in the social dimension it is appreciated the least. 2) In terms of the differences in forest park recreational value in suburbs and rural areas, the social value in rural areas had significantly higher scores than in the suburbs, and the psychological value in suburbs is much higher than that in the rural areas. 3) Regarding the social variables which characterize residents in suburbs and rural areas, females and younger groups tended to assign higher scores to recreational value than males and older groups. Moreover, citizens with low education or low income also assigned higher scores to recreational value compared to more educated or higher-income residents. The results of this study reveal the recreational value characteristics of Shanghai forest parks in the three dimensions, which can provide a scientific basis for the sustainable development of urban forest resources and contribute to reasonable planning and management.