Forest Hills, NC housing market
The median sale price was $399,000 in May 2026.
Home values, sales, trends and how Forest Hills compares with the towns next door — updated as new data is published.
Forest Hills at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 102% in 5 years
The federal house price index for the ZIP code around Forest Hills rose 102% over the past 5 years, faster than across North Carolina (60%). Last year prices rose 19%.
Show as a table
| Year | Change that year | Since 2000 | North Carolina since 2000 |
|---|---|---|---|
| 2025 | +19% | +223% | +159% |
| 2024 | +22% | +172% | +153% |
| 2023 | +4.1% | +123% | +141% |
| 2022 | +20% | +114% | +121% |
| 2021 | +11% | +78% | +83% |
| 2020 | +6.5% | +60% | +62% |
| 2019 | +1.9% | +50% | +56% |
| 2018 | +7.1% | +47% | +47% |
| 2017 | +0.7% | +38% | +39% |
| 2016 | +2.1% | +37% | +31% |
| 2015 | −5.6% | +34% | +26% |
| 2014 | +2.4% | +42% | +21% |
| 2013 | −2.3% | +38% | +18% |
| 2012 | −3.8% | +42% | +17% |
| 2011 | −2.2% | +47% | +20% |
| 2010 | −8% | +51% | +25% |
| 2009 | +0.7% | +64% | +32% |
| 2008 | +2.5% | +63% | +36% |
| 2007 | +3.8% | +59% | +34% |
| 2006 | +9.2% | +53% | +28% |
| 2005 | +11% | +40% | +19% |
| 2004 | +9.2% | +26% | +12% |
| 2003 | +5.8% | +15% | +8.3% |
| 2002 | +1.7% | +8.9% | +6.7% |
| 2001 | +7.2% | +7.2% | +4.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 28723, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
No new homes permitted in 2012
No permits for new homes were issued in Forest Hills in 2012. The last year with any was 2003 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 1 | 1 | 0 | $200,000 |
| 2002 | 0 | 0 | 0 | — |
Forest Hills's permit office didn't report to the Census in 2012, so the 2012 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Forest Hills and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2012 | Median income |
|---|---|---|---|---|---|
| Forest Hills | — | +18.9%† | $1,110 | 0 | $90,313 |
| Cullowhee | $417K | −0.3% | $1,110 | — | $35,929 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,110
HUD's Fair Market Rent for a two-bedroom in Forest Hills is $1,110 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Forest Hills pay a median of $1,208.
Studio $890 · 4 bedrooms $1,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28723; Haywood County, NC), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.