Forest Home, NY
Population 1,164 · New York
About Forest Home, NY
Forest Home is a small town located in New York with a population of 1,164 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,107 per year, which is 21% below the national median of $75,149. The median age of 29.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Forest Home features a median home value of $496,900, which is 103% above the national median of $244,900. This places Forest Home in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,378, 18% above the national average of $1,163/month. Of the 453 total housing units, 35% are owner-occupied (139 units) and 65% are renter-occupied (253 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Forest Home shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Forest Home have an average one-way commute time of 20.1 minutes.
Education & Demographics
95.0% of Forest Home 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, 2.7% Hispanic or Latino, 0.0% Black or African American, and 7.4% Asian residents, with 58.5% of the population being foreign-born.
How Forest Home Ranks in New York
Cost of Living in Forest Home, NY
Compared to national averages, Forest Home has a median household income of $59,107 (21% below the national median of $75,149). Home values average $496,900, which is 103% above the national median. Monthly rent at $1,378 is 18% above the US average of $1,163. Within New York, Forest Home's income is 39% below the state average of $96,987, and home values are 28% above the state median of $387,181.
Why Live in Forest Home, NY?
Forest Home offers a well-educated community where 95.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.7%, better than the national average, and short commute times averaging just 20.1 minutes.
Potential considerations include median household income ($59,107) that falls below the national average, and a competitive housing market where the typical home costs $496,900. However, Forest Home’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Forest Home has a population of 1,164 with a median age of 29.4 years. Compare Forest Home with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Forest Home
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eatons Neck | 1,158 | $245,217 | $865,000 | Compare |
| Hillburn | 1,170 | $81,406 | $467,600 | Compare |
| Lake Luzerne | 1,171 | $53,594 | $198,300 | Compare |
| Cattaraugus | 1,153 | $59,145 | $73,100 | Compare |
| Orient | 1,152 | $88,293 | $923,500 | Compare |
| Hadley | 1,151 | $79,554 | $188,600 | Compare |
| Sparrow Bush | 1,178 | $55,820 | $215,300 | Compare |
| Newark Valley | 1,149 | $68,229 | $118,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Forest Home With Other Cities
Frequently Asked Questions about Forest Home
What is the population of Forest Home, NY?
The population of Forest Home, NY is 1,164 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Forest Home?
The median household income in Forest Home, NY is $59,107 per year, which is 21% below the national median of $75,149.
What is the median home value in Forest Home?
The median home value in Forest Home, NY is $496,900, which is 103% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Forest Home?
The median monthly rent in Forest Home, NY is $1,378, which is 18% above the national average of $1,163/month.
What is the unemployment rate in Forest Home?
The unemployment rate in Forest Home, NY is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Forest Home, NY a good place to live?
Forest Home offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 1,164 and a median age of 29.4, the city appeals to young professionals and families.
How educated is Forest Home, NY?
95.0% of residents in Forest Home 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 Home?
Key cost-of-living indicators for Forest Home, NY: median home value is $496,900 (103% above national), median rent is $1,378/month, and median household income is $59,107. The home-value-to-income ratio is 8.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Forest Home?
The poverty rate in Forest Home, NY is 6.7%, 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 Home, NY?
Forest Home's population is 0.0% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 7.4% Asian, and 11.9% two or more races. 58.5% of residents are foreign-born.