Forest Hill, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Forest Hill Neighborhoods Since 2000




Forest Hill, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Forest Hill Housing Market Information

With 15,739 people, 1,533 houses or apartments, and a median cost of homes of $341,211, real estate costs in Forest Hill are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Forest Hill, accounting for 67.30% of the town's housing units. Other types of housing that are prevalent in Forest Hill include row houses and other attached homes ( 15.22%), large apartment complexes or high rise apartments ( 14.44%), and a few mobile homes or trailers ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Forest Hill. Owner-occupied housing accounts for 89.82% of Forest Hill's homes, and 71.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Forest Hill built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Forest Hill built between 2000 and later ( 25.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.29%). There's also some housing in Forest Hill built before 1939 ( 4.63%).

Forest Hill Home Appreciation Rates

Forest Hill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Forest Hill during the period has been just -1.26%, which is lower than 70% of US communities.

Over the last year, Forest Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Forest Hill's appreciation rate has been 1.99%, 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 Hill were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Forest Hill's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$341,211

Forest Hill, MD HOME PRICES

Value Range
> $1,061,000 1.1
$796,001 - $1,061,000 1.9
$530,001 - $796,000 14.0
$424,001 - $530,000 17.0
$319,001 - $424,000 22.8
$212,001 - $319,000 31.4
$106,001 - $212,000 8.0
$53,001 - $106,000 1.1
$0 - $53,000 2.7

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
12.82081331302 32.4427480916031

Number Of Homes And Apartments:
1,533

Forest Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
62.22% 2.84% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,650 / per month

Homeownership Rate

Homeownership
Owners 89.82
Renters 10.18
Vacant 1.93

Housing Market Details

 

Age of Homes

AGE OF Forest Hill HOMES
2000 or Newer 25.8
1970 - 1999 56.3
1940 - 1969 13.3
1939 or Older 4.6

Types of Homes

TYPE OF Forest Hill HOMES
Single-Family 67.3
Townhomes 15.2
Small Apt. Buildings 1.1
Apt. Complexes 14.4
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Forest Hill HOMES
No Bedroom 0.84
1 Bedroom 1.61
2 Bedrooms 16.20
3 Bedrooms 34.10
4 Bedrooms 37.46
5 or more bedrooms 9.80