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Affordable
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These days, finding an affordable place to live in the Forest Lakes area can be challenging. Home prices in Forest Lakes are now at a median cost of $528,050, higher than the Arizona average of $421,436.
The average cost of rent is $1,110/mo in Forest Lakes, primarily driven by the current value of real estate in the Forest Lakes area. In Forest Lakes, 13.08% of households rent, and 57.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Lakes is $6,060 per month. Households that rent pay about 18.33% of their income on rent here. Forest Lakes’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hunter Creek, AZ: equally priced homes
- Heber, AZ: less expensive homes
- Heber-Overgaard, AZ: less expensive homes
- Overgaard, AZ: less expensive homes
- Star Valley, AZ: less expensive homes
- Payson, AZ: less expensive homes
- Clay Springs, AZ: less expensive homes
- Pinedale, AZ: less expensive homes
- Pine, AZ: less expensive homes
- Strawberry, AZ: less expensive homes
Cities with Similar Populations
- Mantador, ND: less expensive homes
- Loree, IN: less expensive homes
- Lorraine, KS: less expensive homes
- Los Berros, CA: higher priced homes
- Loudville, MA: less expensive homes
- Lovelton, PA: less expensive homes
- Lower Bank, NJ: less expensive homes
- Lower Bartlett, NH: less expensive homes
- Lower La Posada, NM: less expensive homes
- Luber, AR: less expensive homes
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