The housing market in Forest Hills, MI is doing well compared to the national average. The median value of houses in Forest Hills is $423,500, which is significantly higher than the US median value of $338,100. Furthermore, the one year house appreciation rate in Forest Hills is 12.12%, while the national one year house appreciation rate is 8.27%. This suggests that houses in Forest Hills are appreciating at a faster rate than the nation as a whole. Investing in the housing market of Forest Hills would be a wise choice for any potential homeowner or real estate investor looking for returns on their investment.
The median home cost in Forest Hills is $423,500. Home appreciation the last 10 years has been 134.5%. Home Appreciation in Forest Hills is up 15.8%.
Average Age of Homes
- The median age of Forest Hills real estate is 29 years old
The Rental Market in Forest Hills
- Renters make up 5.5% of the Forest Hills population
- 0.7% of houses and apartments in Forest Hills, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.