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Forest Lakes

Learn about the people, housing, costs and businesses in Forest Lakes, Arizona

Median Home$510,500
Median Rent$1,120/month
Population146
Leading IndustriesManufacturing · Wholesale Trade · Finance & Insurance2% manufacturing
Home Value Growth+6.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Forest Lakes
AZ

Frequently Asked Questions

What are today's mortgage rates in Forest Lakes?

As of today, the 30-year fixed mortgage rate for Forest Lakes is approximately 6.966% (7.005% 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 Lakes?

The median home value in Forest Lakes is $511k. The median monthly rent is $1,120. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forest Lakes?

Home values in Forest Lakes have increased 6.2% over the past two years. This represents moderate growth. 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 Lakes?

Based on a typical all-in ownership cost of $1,067/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forest Lakes is $71k/year.

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What industries drive the economy in Forest Lakes?

The largest employment sectors in Forest Lakes are public administration (19%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.