The Most Affordable Neighborhoods in Forest Lakes, AZ by Home Value

 

Forest Lakes, AZ Map of Most Affordable Neighborhoods
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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 $314,561, higher than the Arizona average of $274,828.

The average cost of rent is $1,213/mo in Forest Lakes, primarily driven by the current value of real estate in the Forest Lakes area. While nearly 58.16% of residents own their homes outright in Forest Lakes, 9.04% rent.

Housing affordability isn’t just about home prices, though. The average household income in Forest Lakes is $6,137 per month. Households that rent pay about 19.77% of their income on rent here. Forest Lakes's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.


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