Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Forest Park area can be challenging. Home prices in Forest Park are now at a median cost of $259,341, lower than the Springfield average of $295,081.
The average cost of rent is $1,337/mo in Forest Park, primarily driven by the current value of real estate in the Forest Park area. In Forest Park, 51.67% of households rent, and 42.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Park is $5,219 per month. Households that rent pay about 25.61% of their income on rent here. Forest Park’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Maple High-Six Corners, Springfield, MA: less expensive homes
- East Forest Park, Springfield, MA: equally priced homes
- South End Springfield, Springfield, MA: less expensive homes
- Old Hill, Springfield, MA: less expensive homes
- Upper Hill, Springfield, MA: less expensive homes
- Metro Center, Springfield, MA: equally priced homes
- McKnight, Springfield, MA: less expensive homes
- Bay, Springfield, MA: less expensive homes
- Memorial Square, Springfield, MA: equally priced homes
- Liberty Heights, Springfield, MA: equally priced homes
Neighborhoods with Similar Populations
- East Broad, Black Lick, OH: higher priced homes
- Great Bridge, Chesapeake, VA: higher priced homes
- North Park San Diego, San Diego, CA: higher priced homes
- North End, St. Paul, MN: equally priced homes
- North Dorchester, Boston, MA: higher priced homes
- North Central, Philadelphia, PA: equally priced homes
- Mountain's Edge, Las Vegas, NV: higher priced homes
- Model City, Miami, FL: higher priced homes
- Meadowview, Sacramento, CA: higher priced homes
- Little Haiti, Miami, FL: higher priced homes
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