Home Values

Forest Lakes 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

$231,200

  • 7.2% 1-year change
  • 1.3% 1-year forecast

The median home value in Forest Lakes is $231,200. Forest Lakes home values have gone up 7.2% over the past year and Zillow predicts they will rise 1.3% within the next year. The median price of homes currently listed in Forest Lakes is $259,900.

Foreclosures will be a factor impacting home values in the next several years. In Forest Lakes 8.9 homes are foreclosed (per 10,000). This is greater than the Flagstaff Metro value of 2.5 and also greater than the national value of 4.0

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Relative ZHVI
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Forest Lakes Market Overview

Data through Jan 31, 2015
  • $231,200 ZHVI
  • 1.3% 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
    (Jan 31, 2016)
  • $259,900 Median listing price
  • No data Median sale price
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Forest Lakes Market Health

Data through Jan 31, 2015
  • 8.0/10 Very healthy
    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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

8.9 homes(Apr 30, 2014) Forest Lakes
2.5 homes Flagstaff Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Star Valley $228,400
Happy Jack $226,600
Payson $205,700
Name Median ZHVI
Overgaard $192,700
Pine $179,900
Show Low $175,400
Name Median ZHVI
Heber $160,800
Snowflake $131,100
Globe $113,400

Listings & Sales

Data through Jan 31, 2015
  • $180 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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Forest Lakes Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,457 Forest Lakes
    $1,575 Flagstaff Metro
    $1,350 United States

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

  • 2.2 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 data Rent list price
  • No data Rent list price / sq ft
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