Living in Forest Home, New York
Cost of living, income, home prices, rent and demographics of Forest Home · Census data 2020–2024
Forest Home has 1,303 residents with a median age of 29.5. The median household income is $59,018 (31% lower than the New York median), the median home value is $499,300, the median rent is $1,379/month.
Forest Home is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Forest Home at a glance
- Population
- 1,303
- Median age
- 29.5State: 39.8
- Median household income
- $59,018State: $85,974
- Median home value
- $499,300State: $423,800
- Median rent
- $1,379/moState: $1,621
- Homeowners
- 35.2%
- Bachelor's degree or higher
- 96.7%
- Average commute
- 20 min
Is Forest Home a good place to live?
Pros: An average commute of 20 minutes; unemployment of 5.4%; a poverty rate of 10.8%.
Cons: Median household income 31% lower than the New York median; home values 18% higher than the state median.
The weather is best in June to September.
Cost of living in Forest Home
Housing is the biggest part of the cost of living. In Forest Home the median home value is $499,300, 50% higher than the U.S. median. Renters pay a median of $1,379 per month, which is 30.2% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Forest Home median household income
The median household income in Forest Home is $59,018 and the income per person is $50,435. 10.8% of residents live below the poverty line (New York: 14%).
Housing in Forest Home: homes for sale and rent
- Housing units
- 514
- Owner-occupied
- 35.2%
- Renter-occupied
- 64.8%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.22
Forest Home demographics
- Population
- 1,303
- Median age
- 29.5
- Under 18
- 25.6%
- 65 and older
- 7.8%
- Households
- 457
- Foreign-born
- 56%
- Veterans
- 0.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Forest Home ›
Education in Forest Home
96.7% of adults 25 and older in Forest Home have a bachelor's degree or higher (New York: 40.2%), and 60.7% have a graduate or professional degree.
Jobs and commute in Forest Home
- Unemployment rate
- 5.4%State: 6.4%
- Average commute
- 20 minState: 33 min
- Work from home
- 19.9%
- Drive alone
- 19.4%
- Public transit
- 19.6%
- Walk to work
- 32.7%
- Homes with broadband
- 74.4%
Forest Home vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Forest Home | 1,303 | $59,018 | $499,300 | $1,379 |
| Northeast Ithaca | 2,661 | $95,250 | $402,000 | $1,738 |
| Cayuga Heights | 4,000 | $166,526 | $433,000 | $1,700 |
| Varna | 687 | $70,227 | — | $1,759 |
| Ithaca | 32,814 | $48,784 | $342,700 | $1,447 |
| East Ithaca | 1,918 | $116,410 | $332,700 | $1,234 |
| Lansing | 3,876 | $72,364 | $516,900 | $1,726 |
| South Hill | 6,951 | $104,211 | $353,800 | $1,991 |
| Northwest Ithaca | 2,225 | $56,753 | $312,900 | $1,185 |
More for people moving to Forest Home
Forest Home ZIP code ›Weather and climate ›Living in Forest Home: FAQ
What is the median household income in Forest Home, NY?
The median household income in Forest Home is $59,018, 31% lower than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Forest Home?
The median home value in Forest Home is $499,300, compared with $423,800 in New York.
How much is rent in Forest Home?
The median gross rent in Forest Home is $1,379 per month, about 30.2% of household income.
Is Forest Home, NY a good place to live?
Pluses: an average commute of 20 minutes; unemployment of 5.4%; a poverty rate of 10.8%. Minuses: median household income 31% lower than the New York median; home values 18% higher than the state median.
What is the median age in Forest Home?
The median age in Forest Home is 29.5 years (New York: 39.8).
How long is the commute in Forest Home?
The average commute to work in Forest Home is 20 minutes; 19.9% of workers work from home.
What is the unemployment rate in Forest Home?
The unemployment rate in Forest Home is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Forest Home?
96.7% of adults in Forest Home have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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