Forest Hills, TN Real Estate
According to census data in the year 2000 there were 1,788 housing units in Forest Hills.
This represents a 12% growth from 1,597 in 1990.
Of those housing units, 1,409 were located in either urbanized areas or urban clusters, and 379 were located in what is classified as a rural area.
Homeownership rate in Forest Hills is about 97.8%.
Forest Hills's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.78 people.
The majority of houses, apartments or condos in Forest Hills were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.20% |
| Two Bedrooms | 3.10% |
| Three Bedrooms | 31.50% |
| Four Bedrooms | 50.50% |
| Five Bedrooms or more | 13.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $373,400 |
| Median Price asked for vacant units | $191,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.50% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 11.50% |
| Simple Mortgage | 46.80% |
| Debt Free | 31.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
