Affordable
Expensive
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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 $463,657, higher than the Newark average of $403,669.
The average cost of rent is $1,284/mo in Forest Hill, primarily driven by the current value of real estate in the Forest Hill area. In Forest Hill, 67.83% of households rent, and 38.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Hill is $5,753 per month. Households that rent pay about 22.32% of their income on rent here. Forest Hill’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- North Broadway, Newark, NJ: less expensive homes
- Upper Roseville, Newark, NJ: less expensive homes
- Mount Pleasant-Lower Broadway, Newark, NJ: less expensive homes
- Seventh Avenue, Newark, NJ: less expensive homes
- Lower Roseville, Newark, NJ: less expensive homes
- University Heights, Newark, NJ: less expensive homes
- Fairmuont, Newark, NJ: less expensive homes
- Central Business District, Newark, NJ: equally priced homes
- Springfield-Belmont, Newark, NJ: less expensive homes
- North Ironbound, Newark, NJ: higher priced homes
Neighborhoods with Similar Populations
- Outer Richmond, San Francisco, CA: higher priced homes
- Greenbrier West, Chesapeake, VA: less expensive homes
- Hermosa, Chicago, IL: less expensive homes
- Lake Murray, San Diego, CA: higher priced homes
- Loma Portal, San Diego, CA: higher priced homes
- Lower Peters Canyon, Irvine, CA: higher priced homes
- Midland Beach, Staten Island, NY: higher priced homes
- Northwest Dallas, Dallas, TX: equally priced homes
- Northwest Omaha, Omaha, NE: less expensive homes
- Olympia Heights, Miami, FL: higher priced homes
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