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Forest Hills

Learn about the people, housing, costs and businesses in Forest Hills, Kentucky

Median Home$232,800
Median Rent$1,403/month
Population558
Leading IndustriesPublic Administration · Professional Services40% public administration
Home Value Growth⬆⬆+18.2% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners71% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Forest Hills
KY

Frequently Asked Questions

What are today's mortgage rates in Forest Hills?

As of today, the 30-year fixed mortgage rate for Forest Hills is approximately 6.958% (6.999% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Forest Hills?

The median home value in Forest Hills is $233k. The median monthly rent is $1,403. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forest Hills?

Home values in Forest Hills have increased 18.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Forest Hills?

Based on a typical all-in ownership cost of $1,429/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forest Hills is $90k/year.

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What industries drive the economy in Forest Hills?

The largest employment sectors in Forest Hills are public administration (40%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.