Living in Forest Hills, KY
Forest Hills, KY is a picturesque suburb known for its tranquil environment, spacious homes, and commitment to community. Families are drawn to the area's excellent schools and parks, while the convenient access to urban amenities enhances its appeal. This makes it a desirable location for real estate investment, combining quality living with growth potential.
Current Market Conditions in Forest Hills, KY
The real estate market in Forest Hills is currently experiencing a steady rise in home values, driven by demand for family-friendly neighborhoods with good schools and local amenities. Prospective investors can benefit from the growing interest in suburban living, especially post-pandemic as more people seek homes with outdoor space.
Additionally, the area is seeing an uptick in renovations and new construction, indicating a healthy interest in development. This creates opportunities for investors to enter a promising market that is positioned for continued growth.
Home Value Estimator For Forest Hills, KY
There are currently 122 real estate properties
in Forest Hills, KY,
with a median automated valuation model (AVM) price
of $162,247.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Forest Hills, KY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Forest Hills, KY,
is $172,576.00, with the most expensive house
in Forest Hills, KY, topping out
at $539,169.00 and the cheapest home
in Forest Hills, KY,
clocking in at $27,120.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Forest Hills, KY!
Rent Prices
In Forest Hills, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Forest Hills, KY, is on
a rollercoaster ride. The
average rent price in Forest Hills, KY,
is $872.00. Indeed, when looking to rent in
Forest Hills, KY, you can expect to pay as little
as $420.00 or as much
as $1,720.00,
with the average rent median estimated to
be $810.00. The good news is that finding
an affordable and desirable property to rent in Forest Hills, KY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.