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These days, finding an affordable place to live in the Forest Lake area can be challenging. Home prices in Forest Lake are now at a median cost of $232,695, lower than the Pennsylvania average of $288,156.
The average cost of rent is $926/mo in Forest Lake, primarily driven by the current value of real estate in the Forest Lake area. In Forest Lake, 21.43% of households rent, and 57.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Lake is $5,658 per month. Households that rent pay about 16.36% of their income on rent here. Forest Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Joseph, PA: higher priced homes
- Montrose, PA: equally priced homes
- Laurel Lake, PA: equally priced homes
- Fairdale, PA: higher priced homes
- Friendsville, PA: equally priced homes
- Franklin Forks, PA: less expensive homes
- South Montrose, PA: higher priced homes
- Middletown Center, PA: equally priced homes
- Brackney, PA: higher priced homes
- Tiffany, PA: higher priced homes
Cities with Similar Populations
- Honomu, HI: higher priced homes
- Groveland, NY: equally priced homes
- Halcyon, CA: higher priced homes
- Haleburg, AL: less expensive homes
- Hammond, IL: less expensive homes
- Hannawa Falls, NY: less expensive homes
- Hardwick, GA: less expensive homes
- Harpers Ferry, IA: equally priced homes
- Harrington, WA: higher priced homes
- West Nottingham, NH: higher priced homes
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