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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 $161,492, lower than the Tennessee average of $315,131.
The average cost of rent is $922/mo in Forest Hill, primarily driven by the current value of real estate in the Forest Hill area. In Forest Hill, 24.56% of households rent, and 58.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Hill is $4,598 per month. Households that rent pay about 20.04% of their income on rent here. Forest Hill’s most expensive areas are in the northeastern 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
- Waverly, TN: higher priced homes
- Denver, TN: equally priced homes
- Gorman, TN: higher priced homes
- Magnolia, TN: equally priced homes
- Plant, TN: higher priced homes
- Silvertop, TN: higher priced homes
- McEwen, TN: higher priced homes
- Eva, TN: higher priced homes
- New Johnsonville, TN: equally priced homes
- Pollard, TN: equally priced homes
Cities with Similar Populations
- Clarksville City, TX: equally priced homes
- Wiley, MI: higher priced homes
- Wilkeson, WA: higher priced homes
- Cornwell, SC: higher priced homes
- Constableville, NY: less expensive homes
- Condon, OR: equally priced homes
- Compton, MD: higher priced homes
- College Corner, OH: higher priced homes
- Cold Springs, AL: equally priced homes
- Clay Bank, VA: higher priced homes
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