Forest Park, OH 45240 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Forest Park, OH—45240

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$242,000

2.5% YoY Growth

Household Income

$66,900

12.9% YoY Growth

Days on Market

40.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

$1,850

15.3% YoY Growth

1-Bed Rent

$850

7.5% YoY Growth

2-Bed Rent

$1,210

0.8% YoY Growth

3-Bed Rent

$1,900

6.7% YoY Growth

Home Price Trends — Forest Park, OH

As of Dec '25, the median home price in Forest Park, OH is $242,000, with a year-over-year change of 2.5%. This indicates that home prices in Forest Park, OH are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$242,000	2.5%
Single Family	$245,000	2.9%
Condos	$163,000	-0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Forest Park, OH

As of July '25, Rentcast reports the average rent in Forest Park, OH is $1,730, with a year-over-year rent change of 15.3%. Per bedroom, the median rent as of July '25 in Forest Park, OH is 1-bedrooms: $850, 2-bedrooms: $1,220, 3-bedrooms: $1,920, 4-bedrooms: $2,140. The most common rental property sizes in Forest Park, OH are 2-bedroom and 1-bedroom, accounting for 32.6% and 29.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,730
Studio Rent	N/A	N/A
1 Bed Rent	$850	$850
2 Bed Rent	$1,210	$1,220
3 Bed Rent	$1,900	$1,920
4 Bed Rent	$2,280	$2,140

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% of Rental Stock

Studio

2.4%

1 Bedroom

29.2%

2 Bedrooms

32.6%

3 Bedrooms

23.9%

4 Bedrooms

11.2%

5+ Bedrooms

0.7%

Property Listings — Forest Park, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Forest Park, OH is 24. This is a decrease of -49.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$275,000	13.0%
Listing Count	56	-6.0%
Listings as % of Homes	0.3%	-6.0%
Days on Market	36	-40.0%

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Demographics — Forest Park, OH

As of the latest ACS Survey released in 2023, Forest Park, OH has a population of 29,500, which has increased by 8.4% over the past 5 years. Forest Park, OH is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 31.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	29,500	8.4%
% Under 18	24.1%	-10.7%
% Seniors	16.5%	22.2%
% WFH	10.6%	178.9%
% w/ College Degree	31.5%	15.0%

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As of the latest ACS Survey released in 2023, Forest Park, OH is a predominantly black area, with 59.0% of the population identifying as black. The black population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Forest Park, OH is white, making up 24.8% of the population. Foreign-born residents account for 12.8% of the population in Forest Park, OH, and this percentage has increased by 16.4% 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	24.8%	4.2%
% Black	59.0%	-1.0%
% Hispanic	8.5%	46.6%
% Asian	3.7%	-15.9%
% Foreign Born	12.8%	16.4%

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Mortgage and Risk — Forest Park, OH

According to HUD data as of 2023, there were 381 mortgage originations in Forest Park, OH, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Forest Park, OH. Investor activity is low, as 3.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	381
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	22.0%

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Rentals and Section 8 — Forest Park, OH

As of 2024, the percent of homes in Forest Park, OH under the Section 8 program is 12.8%. 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 Park, OH, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	536
Total Units Section 8	524
% Rentals under Section 8	12.8%
% Occupied Section 8	89.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$290	$850	$1,140
2 Bedroom	$270	$1,210	$1,480
3 Bedroom	$60	$1,900	$1,960
4 Bedroom	-$110	$2,280	$2,170

Forest Park, OH—45240

Key Metrics at a Glance

Home Price Trends — Forest Park, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forest Park, OH

% of Rental Stock

Property Listings — Forest Park, OH

Demographics — Forest Park, OH

Race and Ethnicity

Mortgage and Risk — Forest Park, OH

Mortgages

Rentals and Section 8 — Forest Park, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Forest Park, OH

Home Price to Income Ratio

Forest Park, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Forest Park, Greenhills, OH

North College Hill, Cincinnati, OH

Fairfield, OH

Springdale, OH

Colerain Township, Cincinnati, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$242,000
Median Household Income	$66,900

Forest Park, OH—45240

Key Metrics at a Glance

Home Price Trends — Forest Park, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forest Park, OH

% of Rental Stock

Property Listings — Forest Park, OH

Demographics — Forest Park, OH

Race and Ethnicity

Mortgage and Risk — Forest Park, OH

Mortgages

Rentals and Section 8 — Forest Park, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Forest Park, OH

Home Price to Income Ratio

Forest Park, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Forest Park, Greenhills, OH

North College Hill, Cincinnati, OH

Fairfield, OH

Springdale, OH

Colerain Township, Cincinnati, OH

Frequently Asked Questions

What is the average home price in Forest Park, OH 45240?

How have home prices in Forest Park, OH 45240 changed over the past year?

What is the home price projection for Forest Park, OH 45240?

What are the demographics of Forest Park, OH 45240?

How long does it take homes to sell in Forest Park, OH 45240?

What is the average rent price in Forest Park, OH 45240?