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Forest Home, NY
Full City Profile · New York · Tompkins County County
3.0
/5.0
B
Good
1,164
Population
5,061/sq mi density
$59,107
Median Income
$45,266 per capita
$496,900
Home Value
$287,579 Zillow
$1,378
Median Rent
27.8% income on rent
46°F
Avg Temperature
260 sunny days/yr
278
Violent Crime/100K
3,347 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$59,107 median income, 3.1% unemployment
D
Affordability
1.9 / 5.0
$496,900 home value, $1,378/mo rent
F
Safety
1.0 / 5.0
278 violent crimes/100K
A+
Education
5.0 / 5.0
95.0% bachelor's degree or higher
Housing Overview
Median Home Value
$496,900
76% above
US avg: $281,900
Median Rent
$1,378/mo
18% above
US avg: $1,163/mo
Homeownership Rate
35.5%
46% below US avg (65.4%)
Total Housing Units
385
Median year built: 1978
Home Value by Source
Census Median
$496,900
Zillow (ZHVI)
$287,579
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
35.5%
Owner-Occupied
64.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent:
$1,378/mo
Affordability & Housing Stock
Rent Burden
27.8%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
35.5%
Complete Housing Data
Home Values
| Census Median Value | $496,900 |
| Zillow Home Value (ZHVI) | $287,579 |
Rent
| Census Median Rent | $1,378 |
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
Ownership & Stock
| Owner-Occupied | 35.5% |
| Renter-Occupied | 64.5% |
| Homeownership Rate | 35.5% |
| Total Housing Units | 385 |
| Median Year Built | 1978 |
| Rent Burden | 27.8% |