Forest Lakes, AZ
Population 217 · Arizona
About Forest Lakes, AZ
Forest Lakes is a small community located in Arizona with a population of 217 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,242 per year, which is 13% above the national median of $75,149. The median age of 65.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Forest Lakes features a median home value of $412,500, which is 68% above the national median of $244,900. This places Forest Lakes in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 990 total housing units, 91% are owner-occupied (104 units) and 9% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Forest Lakes shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Forest Lakes have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
54.4% of Forest Lakes residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 4.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
How Forest Lakes Ranks in Arizona
Cost of Living in Forest Lakes, AZ
Compared to national averages, Forest Lakes has a median household income of $85,242 (13% above the national median of $75,149). Home values average $412,500, which is 68% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Arizona, Forest Lakes's income is 37% above the state average of $62,086, and home values are 74% above the state median of $237,048.
Why Live in Forest Lakes, AZ?
Forest Lakes offers a strong local economy with a median household income of $85,242, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 54.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include a competitive housing market where the typical home costs $412,500. However, Forest Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Forest Lakes has a population of 217 with a median age of 65.1 years. Compare Forest Lakes with other cities to see how it stacks up, or explore all cities in Arizona.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Forest Lakes
What is the population of Forest Lakes, AZ?
The population of Forest Lakes, AZ is 217 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Arizona.
What is the median household income in Forest Lakes?
The median household income in Forest Lakes, AZ is $85,242 per year, which is 13% above the national median of $75,149.
What is the median home value in Forest Lakes?
The median home value in Forest Lakes, AZ is $412,500, which is 68% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Forest Lakes?
The median monthly rent in Forest Lakes, AZ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Forest Lakes?
The unemployment rate in Forest Lakes, AZ is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Forest Lakes, AZ a good place to live?
Forest Lakes offers above-average incomes, a competitive housing market, and a strong job market. With a population of 217 and a median age of 65.1, the city appeals to established professionals and retirees.
How educated is Forest Lakes, AZ?
54.4% of residents in Forest Lakes aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Forest Lakes?
Key cost-of-living indicators for Forest Lakes, AZ: median home value is $412,500 (68% above national), median rent is $0/month, and median household income is $85,242. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Forest Lakes?
The poverty rate in Forest Lakes, AZ is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Forest Lakes, AZ?
Forest Lakes's population is 0.0% White, 4.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.