Forest Park, OH—45240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Park, OH
As of Oct '25, the median home price in Forest Park, OH is $241,000, with a year-over-year change of 2.3%. This indicates that home prices in Forest Park, OH are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 2.3% |
| Single Family | $243,000 | 2.5% |
| Condos | $161,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | 0.6% |
3 Bed | $219,000 | 1.9% |
4 Bed | $284,000 | 4.0% |
| 5 Bed | $304,000 | 2.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Forest Park, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Park, OH is 33. This is a decrease of -37.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 7.0% |
Listing Count | 52 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 33 | -37.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Forest Park, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $241,000 |
| Median Household Income | $66,900 |