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These days, finding an affordable place to live in the Forest Hill area can be challenging. Home prices in Forest Hill are now at a median cost of $231,844, lower than the Indiana average of $232,932.
The average cost of rent is $944/mo in Forest Hill, primarily driven by the current value of real estate in the Forest Hill area. In Forest Hill, 12.58% of households rent, and 39.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Hill is $6,015 per month. Households that rent pay about 15.69% of their income on rent here. Forest Hill’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hartsville, IN: equally priced homes
- Burney, IN: higher priced homes
- Letts, IN: equally priced homes
- Waynesburg, IN: higher priced homes
- Rugby, IN: equally priced homes
- Westport, IN: less expensive homes
- Sardinia, IN: less expensive homes
- Hope, IN: less expensive homes
- Grammer, IN: higher priced homes
- Millhousen, IN: less expensive homes
Cities with Similar Populations
- Abie, NE: less expensive homes
- Marco, LA: less expensive homes
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- Mars Hill-Blaine, ME: less expensive homes
- Marshfield, IN: less expensive homes
- Martins Siding, VA: higher priced homes
- Marvinville, AR: less expensive homes
- Maryneal, TX: less expensive homes
- Mason City, WA: higher priced homes
- Masonville, WV: less expensive homes
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