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These days, finding an affordable place to live in the Forest Hills area can be challenging. Home prices in Forest Hills are now at a median cost of $530,091, higher than the Michigan average of $250,415.
The average cost of rent is $1,911/mo in Forest Hills, primarily driven by the current value of real estate in the Forest Hills area. In Forest Hills, 6.00% of households rent, and 37.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Hills is $14,013 per month. Households that rent pay about 13.64% of their income on rent here. Forest Hills’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ada, MI: less expensive homes
- East Grand Rapids, MI: equally priced homes
- McCords, MI: equally priced homes
- Lowell, MI: less expensive homes
- Kentwood, MI: less expensive homes
- Grand Rapids, MI: less expensive homes
- Parnell, MI: less expensive homes
- Alto, MI: less expensive homes
- Cannonsburg, MI: equally priced homes
- Northview, MI: less expensive homes
Cities with Similar Populations
- Zionsville, IN: higher priced homes
- Wilsonville, OR: higher priced homes
- Windsor, CT: less expensive homes
- Burbank, IL: less expensive homes
- Winterville, NC: less expensive homes
- Woodburn, OR: less expensive homes
- Woodway, TX: less expensive homes
- Bemidji, MN: less expensive homes
- Belmont, CA: higher priced homes
- Yabucoa, PR: less expensive homes
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