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Forest

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

Median Home$149,000
Median Rent$843/month
Population1,404
Leading IndustriesRetail · Wholesale Trade23% retail
Home Value Growth⬆⬆+13.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners74% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$149k median home · lower cost than 75% of the country
Forest
OH

Frequently Asked Questions

What are today's mortgage rates in Forest?

As of today, the 30-year fixed mortgage rate for Forest is approximately 7.207% (7.255% 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?

The median home value in Forest is $149k. The median monthly rent is $843. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forest?

Home values in Forest have increased 13.5% 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?

Based on a typical all-in ownership cost of $800/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forest is $69k/year.

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What industries drive the economy in Forest?

The largest employment sectors in Forest are public administration (25%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.