Home Price Key
Affordable
Average
Expensive
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 $336,811, higher than the Newark average of $291,901.
The average cost of rent is $1,228/mo in Forest Hill, primarily driven by the current value of real estate in the Forest Hill area. While nearly 35.74% of residents own their homes outright in Forest Hill, 68.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Forest Hill is $3,996 per month. Households that rent pay about 30.74% of their income on rent here. Forest Hill's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- North Broadway, Newark, NJ: equally priced homes
- Upper Roseville, Newark, NJ: less expensive homes
- Mount Pleasant-Lower Broadway, Newark, NJ: equally priced 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: higher priced homes
- Northwest Omaha, Omaha, NE: less expensive homes
- Olympia Heights, Miami, FL: higher priced homes
All Local Stats
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