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Forest Hills city, TN

ZIP 37215 — 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 37215

Median Home Value
$959,100
Median Rent
$1,768
Affordability Snapshot
$264,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,161/mo PITI).

14%
Rent-to-Income Ratio

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

6.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

45.2 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 37215 in Forest Hills city, TN, a household would need roughly $264,000 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 $6,161. That is about 75% above the local median household income ($151,156), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
75.8%+16% vs US avg
x
Vacancy Rate
8.7%-15% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
9.8%-34% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
36.3%-27% vs US avg
x
Mortgage-Free
36.9%-3% vs US avg
x
$959,100
Home Value
$1,768
Rent
1979
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached57.2%
  • 1-unit attached11.3%
  • 2-9 units9.5%
  • 10+ units21.4%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$959,100
Median rent$1,768
Owner-occupied75.8%
Vacant8.7%
Price-to-income6.3x
Est. income to buy$264,000