Forest Park, GA—30297
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Park, GA
As of Oct '25, the median home price in Forest Park, GA is $165,000, with a year-over-year change of -13.6%. This indicates that home prices in Forest Park, GA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $165,000 | -13.6% |
| Single Family | $165,000 | -13.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | -15.8% |
3 Bed | $160,000 | -13.5% |
4 Bed | $201,000 | -8.6% |
| 5 Bed | $246,000 | -6.1% |
% of Housing Stock
Rental Trends — Forest Park, GA
As of July '25, Rentcast reports the average rent in Forest Park, GA is $1,300, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Forest Park, GA is 1-bedrooms: $759, 2-bedrooms: $1,300, 3-bedrooms: $1,580, 4-bedrooms: $1,760. The most common rental property sizes in Forest Park, GA are 2-bedroom and 3-bedroom, accounting for 41.3% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $651 | $759 |
| 2 Bed Rent | $1,250 | $1,300 |
| 3 Bed Rent | $1,580 | $1,580 |
| 4 Bed Rent | $1,720 | $1,760 |
% of Rental Stock
Property Listings — Forest Park, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Park, GA is 64. This is a increase of 36.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | -5.0% |
Listing Count | 86 | 4.0% |
| Listings as % of Homes | 0.6% | 4.0% |
Days on Market | 64 | 36.0% |
Demographics — Forest Park, GA
As of the latest ACS Survey released in 2023, Forest Park, GA has a population of 28,900, which has increased by 2.9% over the past 5 years. Forest Park, GA is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | 2.9% |
% Under 18 | 28.5% | -8.9% |
% Seniors | 11.0% | 23.6% |
% WFH | 6.5% | 80.6% |
% w/ College Degree | 13.2% | 34.7% |
As of the latest ACS Survey released in 2023, Forest Park, GA is a predominantly black area, with 52.9% of the population identifying as black. The black population has grown by 9.5% in the last 5 years. The second most common race or ethnicity in Forest Park, GA is hispanic, making up 27.1% of the population. Foreign-born residents account for 17.8% of the population in Forest Park, GA, and this percentage has decreased by 2.7% 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 | 10.3% | -28.5% |
% Black | 52.9% | 9.5% |
% Hispanic | 27.1% | -9.4% |
% Asian | 6.3% | 23.5% |
% Foreign Born | 17.8% | -2.7% |
Mortgage and Risk — Forest Park, GA
According to HUD data as of 2023, there were 256 mortgage originations in Forest Park, GA, of which 55.0% 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 Park, GA. Investor activity is low, as 6.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 256 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Forest Park, GA
As of 2024, the percent of homes in Forest Park, GA under the Section 8 program is 3.5%. 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. In Forest Park, GA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 245 |
Total Units Section 8 | 197 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $569 | $651 | $1,220 |
| 2 Bedroom | $100 | $1,250 | $1,350 |
| 3 Bedroom | $50 | $1,580 | $1,630 |
| 4 Bedroom | $240 | $1,720 | $1,960 |
Affordability — Forest Park, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $165,000 |
| Median Household Income | $46,000 |