Forest Ave / Lake St median real estate price is $64,660, which is less expensive than 85.3% of Alabama neighborhoods and 95.1% of all U.S. neighborhoods.
The average rental price in Forest Ave / Lake St is currently $393, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.3% of Alabama neighborhoods.
Forest Ave / Lake St is a suburban neighborhood (based on population density) located in Montgomery, Alabama.
Forest Ave / Lake St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Forest Ave / Lake St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Forest Ave / Lake St. The current real estate vacancy rate here is 20.8%. This is higher than the rate of vacancies in 86.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.