Forest Hills, New York, NY—11375
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Hills, New York, NY
As of Oct '25, the median home price in Forest Hills, New York, NY is $513,000, with a year-over-year change of 0.7%. This indicates that home prices in Forest Hills, New York, NY are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $513,000 | 0.7% |
| Single Family | $1,220,000 | 2.4% |
| Condos | $408,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $340,000 | 2.4% |
2 Bed | $494,000 | 3.1% |
3 Bed | $1,073,000 | 5.4% |
4 Bed | $1,650,000 | 3.1% |
| 5 Bed | $2,262,000 | 3.3% |
% of Housing Stock
Rental Trends — Forest Hills, New York, NY
As of July '25, Rentcast reports the average rent in Forest Hills, New York, NY is $3,450, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Forest Hills, New York, NY is studios: $2,600, 1-bedrooms: $2,790, 2-bedrooms: $3,620, 3-bedrooms: $4,930, 4-bedrooms: $7,610. The most common rental property sizes in Forest Hills, New York, NY are 1-bedroom and 2-bedroom, accounting for 45.6% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,450 |
| Studio Rent | $2,780 | $2,600 |
| 1 Bed Rent | $2,600 | $2,790 |
| 2 Bed Rent | $3,600 | $3,620 |
| 3 Bed Rent | $5,310 | $4,930 |
| 4 Bed Rent | $6,180 | $7,610 |
% of Rental Stock
Property Listings — Forest Hills, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Hills, New York, NY is 75. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | 3.0% |
Listing Count | 568 | 36.0% |
| Listings as % of Homes | 1.2% | 36.0% |
Days on Market | 75 | -3.0% |
Demographics — Forest Hills, New York, NY
As of the latest ACS Survey released in 2023, Forest Hills, New York, NY has a population of 75,300, which has increased by 2.5% over the past 5 years. Forest Hills, New York, NY is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 60.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 75,300 | 2.5% |
% Under 18 | 18.9% | 1.6% |
% Seniors | 20.0% | -0.5% |
% WFH | 19.8% | 350.0% |
% w/ College Degree | 60.6% | -1.0% |
As of the latest ACS Survey released in 2023, Forest Hills, New York, NY is a predominantly white area, with 46.9% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Forest Hills, New York, NY is asian, making up 28.0% of the population. Foreign-born residents account for 42.9% of the population in Forest Hills, New York, NY, and this percentage has decreased by 4.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.9% | -6.2% |
% Black | 3.1% | 14.8% |
% Hispanic | 16.4% | 4.5% |
% Asian | 28.0% | 0.0% |
% Foreign Born | 42.9% | -4.0% |
Mortgage and Risk — Forest Hills, New York, NY
According to HUD data as of 2023, there were 454 mortgage originations in Forest Hills, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Forest Hills, New York, NY. Investor activity is low, as 2.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 454 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Forest Hills, New York, NY
As of 2024, the percent of homes in Forest Hills, New York, NY under the Section 8 program is 2.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Forest Hills, New York, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 437 |
Total Units Section 8 | 437 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $2,600 | $3,050 |
| 2 Bedroom | -$220 | $3,600 | $3,380 |
| 3 Bedroom | -$1,100 | $5,310 | $4,210 |
| 4 Bedroom | -$1,640 | $6,180 | $4,540 |
Affordability — Forest Hills, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $513,000 |
| Median Household Income | $104,000 |