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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||15.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.8%|