Forest Hill, MD—21050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Hill, MD
As of Oct '25, the median home price in Forest Hill, MD is $496,000, with a year-over-year change of 2.1%. This indicates that home prices in Forest Hill, MD are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $496,000 | 2.1% |
| Single Family | $523,000 | 2.1% |
| Condos | $266,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | -1.5% |
3 Bed | $410,000 | 1.2% |
4 Bed | $611,000 | 1.5% |
| 5 Bed | $783,000 | 1.2% |
% of Housing Stock
Rental Trends — Forest Hill, MD
As of July '25, Rentcast reports the average rent in Forest Hill, MD is $1,840, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Forest Hill, MD is 1-bedrooms: $1,460, 2-bedrooms: $1,770, 3-bedrooms: $2,620, 4-bedrooms: $3,500. The most common rental property sizes in Forest Hill, MD are 2-bedroom and 3-bedroom, accounting for 38.5% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,460 |
| 2 Bed Rent | $1,820 | $1,770 |
| 3 Bed Rent | $2,680 | $2,620 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Forest Hill, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Hill, MD is 28. This is a decrease of -2.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $518,000 | 0.0% |
Listing Count | 44 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 28 | -2.0% |
Demographics — Forest Hill, MD
As of the latest ACS Survey released in 2023, Forest Hill, MD has a population of 17,800, which has decreased by -4.0% over the past 5 years. Forest Hill, MD is a moderately popular place for families, as children make up 24.0% of the population. The area has a highly educated workforce, with 46.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | -4.0% |
% Under 18 | 24.0% | 4.3% |
% Seniors | 19.4% | 18.3% |
% WFH | 12.9% | 130.4% |
% w/ College Degree | 46.8% | 18.5% |
As of the latest ACS Survey released in 2023, Forest Hill, MD is a predominantly white area, with 92.6% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Forest Hill, MD is hispanic, making up 1.4% of the population. Foreign-born residents account for 2.7% of the population in Forest Hill, MD, and this percentage has decreased by 6.9% 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 | 92.6% | 0.9% |
% Black | 1.2% | -50.0% |
% Hispanic | 1.4% | -46.2% |
% Asian | 1.2% | -20.0% |
% Foreign Born | 2.7% | -6.9% |
Mortgage and Risk — Forest Hill, MD
According to HUD data as of 2023, there were 306 mortgage originations in Forest Hill, MD, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Forest Hill, MD. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 306 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Forest Hill, MD
As of 2024, the percent of homes in Forest Hill, MD under the Section 8 program is 4.7%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Forest Hill, MD, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 36 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,550 | $1,710 |
| 2 Bedroom | $270 | $1,820 | $2,090 |
| 3 Bedroom | $10 | $2,680 | $2,690 |
| 4 Bedroom | -$490 | $3,500 | $3,010 |
Affordability — Forest Hill, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $496,000 |
| Median Household Income | $124,000 |