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Forest Hills

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

Median Home$1,491,862
Population4,826
Leading IndustriesArts, Food & Hospitality · Healthcare · Education18% arts, food & hospitality
Home Value Growth⬆⬆+15.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners97% of occupied units
NotableHigh Incomes$250k/year · top 1% nationally
NotableHighly Educated42% bachelor's · 17% graduate · top 1% nationally
Forest Hills
TN

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 7.001% (7.034% 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 $1.5M. Annual property taxes average $8k. 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 15.8% 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 $3,228/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $138k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forest Hills is $250k/year.

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What industries drive the economy in Forest Hills?

The largest employment sectors in Forest Hills are public administration (27%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.