Forest Hills, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Forest Hills, Michigan rental market.
Forest Hills, Michigan
Average Apartment Rent
$2,109
Y-o-Y Change in Average
Apartment Rent
1.2%
As of May 2026
Compared to a year ago, Forest Hills, Michigan apartments have recorded a 1.2% rent increase.
Forest Hills, Michigan Average apartment rent trend
Forest Hills, Michigan Average Apartment Rent
Forest Hills, Michigan Apartment rent ranges
At 44.44%, apartments priced $1,500 - $2,000 represent the bulk of Forest Hills, Michigan rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.58%.
Forest Hills, Michigan Housing tenure**
Renters take up 5% of Forest Hills, Michigan real estate, occupying a total of 530 units, while homeowners live in 9,488 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$97,885
Average household size of renter-occupied housing units**
2.05
Rental vacancy rate**
8.6%
Forest Hills, Michigan Renter-occupied housing units by no. of bedrooms**
There are 213 rentals in Forest Hills, Michigan with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (7%), amounting to 36 units. Overall, the median number of rooms in Forest Hills, Michigan homes for rent is 4.3.
Forest Hills, Michigan Renter-occupied units by age of householder**
Most condos for rent in Forest Hills, Michigan are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 65 - 74 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Forest Hills, Michigan Renter-occupied housing units by family type**
Forest Hills, Michigan Renter-occupied housing units by the presence of own children**
A total of 257 apartments for rent in Forest Hills, Michigan, or 48% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 94 units. All in all, the median size of a renter-occupied household in Forest Hills, Michigan is 2.05.
Forest Hills, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 60% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Forest Hills, Michigan.
Forest Hills, Michigan Renter-occupied units by year structure built**
The highest share of Forest Hills, Michigan apartment rentals, namely 35% or 186 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (16%, 87 units), and the ones Built 1960 - 1969 (15%, 81 units).
Forest Hills, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Forest Hills, Michigan renters (45%) moved in 2010 to 2017, while only 8% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Forest Hills, Michigan condos for rent is 2017.
Forest Hills, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Forest Hills, Michigan renters have 2 or more vehicles available per household, 45% of them have 1 vehicle available, and 6% have No vehicle available.
Forest Hills, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Forest Hills, Michigan Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Forest Hills, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
