Forest Park appreciation rates and housing market information

Forest Park housing market information

With 21,293 people, 7,187 houses or apartments, and a median cost of homes of $111,800, house prices in Forest Park are solidly below the national average.

single-family detached homes are the single most common housing type in Forest Park, accounting for 65.94% of the city's housing units. Other types of housing that are prevalent in Forest Park include large apartment complexes or high rise apartments (19.97%), duplexes, homes converted to apartments, or other small apartment buildings (10.78%), row houses and other attached homes (2.30%), and a few mobile homes or trailers (0.96%).

People in Forest Park primarily live in small (one, two, or no bedroom) single-family detached homes. Forest Park has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Forest Park's housing was primarily built during this period, from the '40s through the '60s. A full 68.33% of the city's housing hails from this era. Other housing ages represented in Forest Park include homes built between 1970-1994 (27.72%), and housing constructed from 1939 and earlier (2.73%). There's also some housing in Forest Park built between 1995 and later (1.22%).

Forest Park home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Forest Park, where house values have increased just 42.27%, which is an average annual increase of 4.22%. NeighborhoodScout's data show that in the latest quarter, Forest Park house values appreciated -1.05%, which is an annualized rate of -4.20%. This rate is lower than the appreciation rate found in 60% of the cities and towns in America.

Over the last year, Forest Park appreciation rates have trailed the rest of the nation. In the last twelve months, Forest Park's appreciation rate has been -1.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Forest Park were at -1.05%, which equates to an annual appreciation rate of -4.20%.

Relative to Georgia, our data show that Forest Park's latest annual appreciation rate is higher than 3% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Forest Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Forest Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Forest Park real estate investment or home purchase decisions.