Forest Hill, Texas 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 Hill, Texas rental market.
Forest Hill, Texas
Average Apartment Rent
$1,272
Y-o-Y Change in Average
Apartment Rent
0.4%
As of November 2024
Compared to a year ago, Forest Hill, Texas apartments have recorded a 0.4% rent increase.
Forest Hill, Texas Average apartment rent trend
Forest Hill, Texas Average Apartment Rent
Forest Hill, Texas Apartment rent ranges
At 83.96%, apartments priced $1,000 - $1,500 represent the bulk of Forest Hill, Texas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 4.03%.
Forest Hill, Texas Housing tenure**
Renters take up 30% of Forest Hill, Texas real estate, occupying a total of 1,233 units, while homeowners live in 2,890 properties.
Median number of rooms of renter-occupied housing units**
5.6
Renter median household income**
$46,308
Average household size of renter-occupied housing units**
3.32
Forest Hill, Texas Renter-occupied housing units by no. of bedrooms**
There are 772 rentals in Forest Hill, Texas with 3 beds making up the highest share of the market, at 63%. Units with 1 bed, on the other hand, hold the lowest percentage (4%), amounting to 53 units. Overall, the median number of rooms in Forest Hill, Texas homes for rent is 5.6.
Forest Hill, Texas Renter-occupied units by age of householder**
Most condos for rent in Forest Hill, Texas are occupied by residents in the 25 - 34 years age group (46%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 3%.
Forest Hill, Texas Renter-occupied housing units by family type**
Forest Hill, Texas Renter-occupied housing units by the presence of own children**
A total of 972 apartments for rent in Forest Hill, Texas, or 79% of all rentals are family households. Additionally, 68% of rental homes include children under the age of 18 – that’s 841 units. All in all, the median size of a renter-occupied household in Forest Hill, Texas is 3.32.
Forest Hill, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 26% of the homes for rent in Forest Hill, Texas.
Forest Hill, Texas Renter-occupied units by year structure built**
The highest share of Forest Hill, Texas apartment rentals, namely 38% or 472 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (24%, 301 units), and the ones Built 2010 - 2019 (11%, 130 units).
Forest Hill, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Forest Hill, Texas renters (49%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Forest Hill, Texas condos for rent is 2016.
Forest Hill, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Forest Hill, Texas renters have 2 vehicles available per household, 37% of them have 1 vehicle available, and 14% have 3 or more vehicles available.
Forest Hill, Texas Means of transportation to work of householders living in renter-occupied housing units**
Forest Hill, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Forest Hill, Texas Average apartment rent by zip codes
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 Hill, Texas 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
