Forest Heights, MD—20745
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Heights, MD
As of Oct '25, the median home price in Forest Heights, MD is $365,000, with a year-over-year change of 1.0%. This indicates that home prices in Forest Heights, MD are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 1.0% |
| Single Family | $366,000 | 0.3% |
| Condos | $348,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $309,000 | 0.0% |
2 Bed | $338,000 | 0.9% |
3 Bed | $367,000 | 0.8% |
4 Bed | $426,000 | 0.5% |
| 5 Bed | $440,000 | 0.5% |
% of Housing Stock
Rental Trends — Forest Heights, MD
As of July '25, Rentcast reports the average rent in Forest Heights, MD is $2,830, with a year-over-year rent change of 18.4%. Per bedroom, the median rent as of July '25 in Forest Heights, MD is studios: $1,440, 1-bedrooms: $2,070, 2-bedrooms: $2,740, 3-bedrooms: $3,500, 4-bedrooms: $3,630. The most common rental property sizes in Forest Heights, MD are 2-bedroom and 1-bedroom, accounting for 38.0% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,830 |
| Studio Rent | $1,420 | $1,440 |
| 1 Bed Rent | $2,280 | $2,070 |
| 2 Bed Rent | $2,950 | $2,740 |
| 3 Bed Rent | $3,280 | $3,500 |
| 4 Bed Rent | $3,400 | $3,630 |
% of Rental Stock
Property Listings — Forest Heights, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Heights, MD is 50. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -4.0% |
Listing Count | 115 | 15.0% |
| Listings as % of Homes | 1.0% | 15.0% |
Days on Market | 50 | 24.0% |
Demographics — Forest Heights, MD
As of the latest ACS Survey released in 2023, Forest Heights, MD has a population of 29,500, which has increased by 3.7% over the past 5 years. Forest Heights, MD is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 3.7% |
% Under 18 | 21.9% | -6.0% |
% Seniors | 15.4% | 46.7% |
% WFH | 11.1% | 362.5% |
% w/ College Degree | 25.8% | 41.0% |
As of the latest ACS Survey released in 2023, Forest Heights, MD is a predominantly black area, with 56.2% of the population identifying as black. The black population has shrunk by 21.6% in the last 5 years. The second most common race or ethnicity in Forest Heights, MD is hispanic, making up 30.4% of the population. Foreign-born residents account for 22.6% of the population in Forest Heights, MD, and this percentage has increased by 24.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 6.3% | 34.0% |
% Black | 56.2% | -21.6% |
% Hispanic | 30.4% | 60.0% |
% Asian | 4.1% | 10.8% |
% Foreign Born | 22.6% | 24.2% |
Mortgage and Risk — Forest Heights, MD
According to HUD data as of 2023, there were 494 mortgage originations in Forest Heights, MD, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Forest Heights, MD. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 494 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Forest Heights, MD
As of 2024, the percent of homes in Forest Heights, MD under the Section 8 program is 3.7%. 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. In Forest Heights, MD, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 370 |
Total Units Section 8 | 247 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$670 | $2,280 | $1,610 |
| 2 Bedroom | -$1,140 | $2,950 | $1,810 |
| 3 Bedroom | -$1,020 | $3,280 | $2,260 |
| 4 Bedroom | -$730 | $3,400 | $2,670 |
Affordability — Forest Heights, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $365,000 |
| Median Household Income | $80,600 |