The housing market in Forest Hill, LA is quite affordable compared to the national average. The median value of a home in Forest Hill is $186,000 while the US median value is about $338,100. In the past year alone, house appreciation nationally has been 8.27%, while in Forest Hill it has only been 1.02%. This means that while housing prices are still increasing in Forest Hill - they are increasing at a slower rate than the national average. Despite this lower rate of increase, the overall cost of living in Forest Hill is still relatively low compared to other areas and should remain an attractive area for potential home buyers.
The median home cost in Forest Hill is $186,000. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Forest Hill is up 10.7%.
Average Age of Homes
- The median age of Forest Hill real estate is 34 years old
The Rental Market in Forest Hill
- Renters make up 23.8% of the Forest Hill population
- 0.0% of houses and apartments in Forest Hill, 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.