Forest Park, OK—73121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Park, OK
As of Oct '25, the median home price in Forest Park, OK is $211,000, with a year-over-year change of 2.6%. This indicates that home prices in Forest Park, OK 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 | $211,000 | 2.6% |
| Single Family | $212,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $107,000 | -0.9% |
3 Bed | $201,000 | 2.6% |
4 Bed | $354,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Forest Park, OK
As of July '25, Rentcast reports the average rent in Forest Park, OK is $1,100, with a year-over-year rent change of -27.2%. Per bedroom, the median rent as of July '25 in Forest Park, OK is 1-bedrooms: $1,200, 2-bedrooms: $991, 3-bedrooms: $1,130. The most common rental property sizes in Forest Park, OK are 3-bedroom and 2-bedroom, accounting for 68.3% and 17.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $975 | $991 |
| 3 Bed Rent | $1,100 | $1,130 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Forest Park, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Park, OK is 58. This is a increase of 32.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | 15.0% |
Listing Count | 11 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 58 | 32.0% |
Demographics — Forest Park, OK
As of the latest ACS Survey released in 2023, Forest Park, OK has a population of 2,940, which has decreased by -17.5% over the past 5 years. Forest Park, OK is a moderately popular place for families, as children make up 15.7% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,940 | -17.5% |
% Under 18 | 15.7% | 2.6% |
% Seniors | 31.9% | 34.0% |
% WFH | 16.6% | 937.5% |
% w/ College Degree | 30.1% | 30.3% |
As of the latest ACS Survey released in 2023, Forest Park, OK is a predominantly black area, with 45.0% of the population identifying as black. The black population has shrunk by 35.0% in the last 5 years. The second most common race or ethnicity in Forest Park, OK is white, making up 34.6% of the population. Foreign-born residents account for 6.2% of the population in Forest Park, OK, and this percentage has increased by 100.0% 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 | 34.6% | 39.5% |
% Black | 45.0% | -35.0% |
% Hispanic | 15.1% | 619.0% |
% Asian | 2.0% | 150.0% |
% Foreign Born | 6.2% | 100.0% |
Mortgage and Risk — Forest Park, OK
According to HUD data as of 2023, there were 62 mortgage originations in Forest Park, OK, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Forest Park, OK. Investor activity is high, as 18.0% 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 | 62 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 18.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Forest Park, OK
Forest Park, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 24.3% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,200 | $820 |
| 2 Bedroom | $35 | $975 | $1,010 |
| 3 Bedroom | $250 | $1,100 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Forest Park, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $211,000 |
| Median Household Income | $79,200 |