Home Values

Forest Hills Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$37,500

  • -6.0% 1-year change
  • -1.7% 1-year forecast

The median home value in Forest Hills is $37,500. Forest Hills home values have declined -6.0% over the past year and Zillow predicts they will fall -1.7% within the next year. The median list price per square foot in Forest Hills is $12, which is lower than the Cleveland average of $44. The median price of homes currently listed in Forest Hills is $16,900 while the median price of homes that sold is $88,000. The median rent price in Forest Hills is $550, which is lower than the Cleveland median of $695.

Foreclosures will be a factor impacting home values in the next several years. In Forest Hills 6.2 homes are foreclosed (per 10,000). This is lower than the Cleveland value of 15.6 and also greater than the national value of 3.9

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Relative ZHVI
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Forest Hills Market Overview

Data through Feb 28, 2015
  • $37,500 ZHVI
  • -1.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $16,900 Median listing price
  • No recent data Median sale price
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Forest Hills Market Health

Data through Feb 28, 2015
  • 5.4/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

6.2 homes Forest Hills
15.6 homes Cleveland
3.9 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Hough $62,400
Fairfax $61,800
Buckeye Shaker $59,800
Name Median ZHVI
North Collinwood $55,500
Woodland Hills $51,000
St. Claire-Superior $50,300
Name Median ZHVI
Euclid Green $49,700
Glenville $48,100
South Collinwood $40,900

Listings & Sales

Data through Feb 28, 2015
  • $12 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 9.7% Listings with price cut
28.6%
Sold below listing
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Forest Hills Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $802 Forest Hills
    $877 Cleveland
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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