Forest Park, Greenhills, OH—45218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Park, Greenhills, OH
As of Oct '25, the median home price in Forest Park, Greenhills, OH is $225,000, with a year-over-year change of 3.5%. This indicates that home prices in Forest Park, Greenhills, OH are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | 3.5% |
| Single Family | $226,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $159,000 | 5.3% |
3 Bed | $218,000 | 3.8% |
4 Bed | $256,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Forest Park, Greenhills, OH
As of July '25, Rentcast reports the average rent in Forest Park, Greenhills, OH is $1,350, with a year-over-year rent change of -10.0%. Per bedroom, the median rent as of July '25 in Forest Park, Greenhills, OH is 1-bedrooms: $900, 2-bedrooms: $1,150, 3-bedrooms: $1,680, 4-bedrooms: $1,760. The most common rental property sizes in Forest Park, Greenhills, OH are 2-bedroom and 3-bedroom, accounting for 47.1% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $900 |
| 2 Bed Rent | $895 | $1,150 |
| 3 Bed Rent | $1,740 | $1,680 |
| 4 Bed Rent | $1,760 | $1,760 |
% of Rental Stock
Property Listings — Forest Park, Greenhills, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Park, Greenhills, OH is 80. This is a increase of 359.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $226,000 | -19.0% |
Listing Count | 15 | 65.0% |
| Listings as % of Homes | 0.7% | 65.0% |
Days on Market | 80 | 359.0% |
Demographics — Forest Park, Greenhills, OH
As of the latest ACS Survey released in 2023, Forest Park, Greenhills, OH has a population of 3,820, which has decreased by -2.6% over the past 5 years. Forest Park, Greenhills, OH is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,820 | -2.6% |
% Under 18 | 24.4% | -5.8% |
% Seniors | 17.3% | 7.5% |
% WFH | 13.2% | 473.9% |
% w/ College Degree | 30.2% | -11.4% |
As of the latest ACS Survey released in 2023, Forest Park, Greenhills, OH is a predominantly white area, with 69.1% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Forest Park, Greenhills, OH is black, making up 17.2% of the population. Foreign-born residents account for 3.2% of the population in Forest Park, Greenhills, OH, and this percentage has decreased by 11.1% 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 | 69.1% | -11.3% |
% Black | 17.2% | 24.6% |
% Hispanic | 4.4% | 193.3% |
% Asian | 0.6% | -45.5% |
% Foreign Born | 3.2% | -11.1% |
Mortgage and Risk — Forest Park, Greenhills, OH
According to HUD data as of 2023, there were 99 mortgage originations in Forest Park, Greenhills, OH, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Forest Park, Greenhills, OH. Investor activity is low, as 3.0% 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 | 99 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Forest Park, Greenhills, OH
As of 2024, the percent of homes in Forest Park, Greenhills, OH under the Section 8 program is 5.2%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Forest Park, Greenhills, OH, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $850 | $1,000 |
| 2 Bedroom | $395 | $895 | $1,290 |
| 3 Bedroom | -$30 | $1,740 | $1,710 |
| 4 Bedroom | $130 | $1,760 | $1,890 |
Affordability — Forest Park, Greenhills, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $225,000 |
| Median Household Income | $74,600 |