Forest Hills, MI Real Estate
According to census data in the year 2000 there were 7,377 housing units in Forest Hills.
This represents a 29.7% growth from 5,686 in 1990.
Of those housing units, 5,735 were located in either urbanized areas or urban clusters, and 1,642 were located in what is classified as a rural area.
Homeownership rate in Forest Hills is about 95.2%.
Forest Hills's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.94 people.
The majority of houses, apartments or condos in Forest Hills were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.30% |
| Two Bedrooms | 11.20% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 37.30% |
| Five Bedrooms or more | 12.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.01 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $212,600 |
| Median Price asked for vacant units | $281,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.64 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $329 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 15.80% |
| Simple Mortgage | 56.40% |
| Debt Free | 21.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
