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Forest Park

Learn about the people, housing, costs and businesses in Forest Park, Ohio

Median Home$198,036
Median Rent$1,372/month
Population20,823
Leading IndustriesFinance & Insurance · Information & Media · Retail13% finance & insurance
Home Value Growth⬆⬆+17.5% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners56% of occupied units
Forest Park
OH

Frequently Asked Questions

What are today's mortgage rates in Forest Park?

As of today, the 30-year fixed mortgage rate for Forest Park is approximately 7.054% (7.095% 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 Park?

The median home value in Forest Park is $198k. The median monthly rent is $1,372. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forest Park?

Home values in Forest Park have increased 17.5% 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 Park?

Based on a typical all-in ownership cost of $1,307/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forest Park is $66k/year.

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What industries drive the economy in Forest Park?

The largest employment sectors in Forest Park are public administration (24%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.