Forest Park, OH


Highest Appreciating Forest Park Neighborhoods Since 2000

Forest Park, OH 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 Park Housing Market Information

With a population of 18,676, 7,327 total housing units (homes and apartments), and a median house value of $124,529, 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 63.21% of the city's housing units. Other types of housing that are prevalent in Forest Park include large apartment complexes or high rise apartments ( 22.97%), duplexes, homes converted to apartments or other small apartment buildings ( 7.03%), and a few row houses and other attached homes ( 6.24%).

The most prevalent building size and type in Forest Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.00% owning and 46.00% renting.

There is a lot of housing in Forest Park 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 Park built between 1940-1969 ( 44.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.40%). There's also some housing in Forest Park built before 1939 ( 2.21%).

Forest Park Home Appreciation Rates

Forest Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Forest Park during the period has been just -1.14%, which is lower than 70% of US communities.

Appreciation rates are so strong in Forest Park that despite a nationwide downturn in the housing market, Forest Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Forest Park appreciation rates continue to be some of the highest in America, at 6.00%, which is higher than appreciation rates in 74.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Forest Park. Forest Park appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Ohio, our data show that Forest Park's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

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 2000, to assist you in making the best Forest Park real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,137,000 0.2
$853,001 - $1,137,000 0.1
$568,001 - $853,000 0.0
$455,001 - $568,000 0.0
$341,001 - $455,000 1.1
$228,001 - $341,000 3.5
$114,001 - $228,000 57.8
$57,001 - $114,000 33.8
$0 - $57,000 3.5

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
62.7856556896754 59.4488188976378

Number Of Homes And Apartments:

Forest Park Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
-0.51% -0.03% 2 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,211 / per month

Homeownership Rate

Owners 54.00
Renters 46.00
Vacant 8.15

Housing Market Details


Age of Homes

AGE OF Forest Park HOMES
2000 or Newer 5.4
1970 - 1999 48.0
1940 - 1969 44.4
1939 or Older 2.2

Types of Homes

Single-Family 63.2
Townhomes 6.2
Small Apt. Buildings 7.0
Apt. Complexes 23.0
Mobile Homes 0.6
Other 0.0

Home Size

No Bedroom 0.15
1 Bedroom 9.34
2 Bedrooms 24.12
3 Bedrooms 46.68
4 Bedrooms 18.67
5 or more bedrooms 1.04