October's First-Time Homebuyer Report for Forest Hill

Forest Hill has a much younger population than other areas in Richmond with a median age of 45 years. It is also very affluent with a median income of $65,579 per household. The Forest Hill market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. The top school in the neighborhood is Clark Springs Elementary School.

Price Range

The median value of homes in Forest Hill is $191,794, making it one of the most valuable areas in Richmond. At the same time, the average list price of available homes is presently $344,274. The number of sellers who put their homes up for sale in the Forest Hill market over the last 30 days remained flat this week at three. Home sales also remained unchanged from the prior period and once again one home was sold.

Curious as to which homes have been getting the most attention in Forest Hill? These listings have stirred up interest and produced the most views:

$219K   $439K   $750K  

Typical Dwelling

A three-bedroom detached home valued around $293,398 is considered a typical dwelling in Forest Hill. If a buyer was looking for a similar home, they would need good credit and a $58,680 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,579 and the property tax rate is $12.69 per $1,000 of taxable assessed value.

Get started right now by checking out Forest Hill homes for sale or reviewing Forest Hill real estate trends.


Data reported through 10/13/2016

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Ask a local expert about this area:
Joyner Fine Properties
Snapped 1 home in this area

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