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Forest Hills CDP, MI

ZIP 49301 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49301

Median Home Value
$510,000
Median Rent
$1,894
Affordability Snapshot
$140,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,276/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49301 in Forest Hills CDP, MI, a household would need roughly $140,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,276. That sits below the local median household income ($173,008), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
94.8%+45% vs US avg
x
Vacancy Rate
2.8%-73% vs US avg
x
Broadband Access
97.7%+12% vs US avg
x
4+ Bedrooms
25.7%+74% vs US avg
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
14.1%-72% vs US avg
x
Mortgage-Free
37.3%-2% vs US avg
x
$510,000
Home Value
$1,894
Rent
1994
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached93.3%
  • 1-unit attached4.0%
  • 2-9 units0.7%
  • 10+ units2.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$510,000
Median rent$1,894
Owner-occupied94.8%
Vacant2.8%
Price-to-income2.9x
Est. income to buy$140,000