October's First-Time Homebuyer Report for Forestland

Forestland has one of the fastest growing populations in Oakland with an 8.7% increase over the last 10 years. Despite being ranked first for growth, it's currently only ranked 64th in terms of total population with 2,228 residents. Homes in Forestland are older than most with a median age of 42 years. Heading the list of top schools in the neighborhood is Oakland Aviation High School.

Price Range

Forestland has some of the more expensive homes in the city with a median home value of $640,954 and a current average list price of $1,173,877.

Typical Dwelling

A three-bedroom detached home valued around $1,106,557 is considered a typical dwelling in Forestland. If a buyer was looking for a similar home, they would need good credit and a $221,311 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $5,733 and the property tax rate is $7.10 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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