Forest Hill, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Forest Hill Neighborhoods Since 2000




Forest Hill, TX 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 12,881 people, 3,925 houses or apartments, and a median cost of homes of $99,715, house prices in Forest Hill are solidly below the national average.

Single-family detached homes are the single most common housing type in Forest Hill, accounting for 91.49% of the city's housing units. Other types of housing that are prevalent in Forest Hill include row houses and other attached homes ( 3.76%), mobile homes or trailers ( 2.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.24%).

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 74.55% of Forest Hill's homes, and 86.03% 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 1940-1969 ( 40.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.00%). There's also some housing in Forest Hill built before 1939 ( 1.69%).

Forest Hill Home Appreciation Rates

In the last 10 years, Forest Hill has experienced some of the highest home appreciation rates of any community in the nation. Forest Hill real estate appreciated 34.99% over the last ten years, which is an average annual home appreciation rate of 3.05%, putting Forest Hill in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Forest Hill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Forest Hill that despite a nationwide downturn in the housing market, Forest Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Forest Hill appreciation rates continue to be some of the highest in America, at 13.71%, which is higher than appreciation rates in 98.88% 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 Hill. Forest Hill appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Forest Hill one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Forest Hill's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$99,715

Forest Hill, TX HOME PRICES

Value Range
> $1,311,000 0.0
$984,001 - $1,311,000 0.1
$656,001 - $984,000 0.0
$525,001 - $656,000 0.0
$393,001 - $525,000 0.0
$262,001 - $393,000 0.2
$131,001 - $262,000 13.2
$66,001 - $131,000 71.2
$0 - $66,000 15.4

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
77.7100667994844 65.272373540856

Number Of Homes And Apartments:
3,925

Forest Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
73.81% 3.26% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,381 / per month

Homeownership Rate

Homeownership
Owners 74.55
Renters 25.45
Vacant 5.33

Housing Market Details

 

Age of Homes

AGE OF Forest Hill HOMES
2000 or Newer 9.0
1970 - 1999 48.8
1940 - 1969 40.5
1939 or Older 1.7

Types of Homes

TYPE OF Forest Hill HOMES
Single-Family 91.5
Townhomes 3.8
Small Apt. Buildings 2.2
Apt. Complexes 0.0
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Forest Hill HOMES
No Bedroom 0.51
1 Bedroom 0.43
2 Bedrooms 12.33
3 Bedrooms 72.96
4 Bedrooms 13.07
5 or more bedrooms 0.70