What percentage of people rent in Forest Home, NY?
64.8% (±13.5 points) of the occupied homes in Forest Home, NY are rented (2020–2024 American Community Survey).
That is 296 renting households against 161 that own their home.
In Forest Home, the share of households that rent went from 74.0% in 2015–2019 to 64.8% in 2020–2024 (−9.2 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 64.8% (±13.5 points)
- Renting households
- 296 (±149)
- Median renter income
- $53,000 (±$32,849)
Who rents and who owns in Forest Home
| Forest Home | Tompkins County | New York | United States | |
|---|---|---|---|---|
| Renter-occupied share | 64.8% (±13.5 points) | 45.9% (±1.5 points) | 45.7% (±0.2 points) | 34.8% |
| Renting households | 296 (±149) | 19,841 (±806) | 3,525,661 (±12,362) | 45,017,354 |
| Owning households | 161 (±64) | 23,422 (±635) | 4,196,985 (±19,607) | 84,210,142 |
| Average renter household size | 2.5 (±0.6) | 1.7 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 1.8 (±0.5) | 2.3 (±0.1) | 2.7 (±0.0) | 2.6 |
| Median renter household income | $53,000 (±$32,849) | $44,517 (±$2,151) | $57,803 (±$395) | $52,966 |
| Median owner household income | $171,008 (±$68,328) | $113,365 (±$5,936) | $114,563 (±$568) | $100,009 |
In Forest Home, the renter share is higher than in Tompkins County (45.9%).
It is also higher than in New York (45.7%).
It is higher than the national figure (34.8%).
In Tompkins County, Forest Home ranks 1 of 6 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 15 of 414.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Forest Home has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 74.0% (±8.2 points) | 64.8% (±13.5 points) | −9.2 percentage points | Not a measurable change |
| Median gross rent | $1,172 (±$45) | $1,379 (±$21) | +17.7% | No measurable change after inflation |
| Median household income | $57,750 (±$11,626) | $59,018 (±$30,155) | +2.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Forest Home
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Forest Home | — | 64.8% (±13.5 points) | — |
| Northeast Ithaca | 1.2 mi | 43.5% (±8.8 points) | Lower |
| Village of Cayuga Heights | 1.5 mi | 38.9% (±11.5 points) | Lower |
| Ithaca | 1.8 mi | 70.4% (±3.0 points) | Not measurably different |
| East Ithaca | 2.0 mi | 40.1% (±13.1 points) | Lower |
| Village of Lansing | 2.8 mi | 76.6% (±8.3 points) | Not measurably different |
| South Hill | 3.1 mi | 33.7% (±12.2 points) | Lower |
| Northwest Ithaca | 3.4 mi | 49.8% (±9.9 points) | Not measurably different |
| Town of Dryden | 5.7 mi | 36.8% (±4.4 points) | Lower |
Nearby places with a measurably lower figure: Northeast Ithaca, NY (43.5%), Village of Cayuga Heights, NY (38.9%), East Ithaca, NY (40.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Tompkins County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Forest Home | 64.8% (±13.5 points) |
| 2 | Northwest Ithaca | 49.8% (±9.9 points) |
| 3 | Northeast Ithaca | 43.5% (±8.8 points) |
| 4 | South Lansing | 40.2% (±18.3 points) |
| 5 | East Ithaca | 40.1% (±13.1 points) |
| 6 | South Hill | 33.7% (±12.2 points) |
Forest Home is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside the Town of Ithaca, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Forest Home
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Questions about Forest Home
How many renters are there in Forest Home?
Forest Home has an estimated 296 (±149) renting households, 64.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Forest Home?
In Forest Home, the share of households that rent went from 74.0% in 2015–2019 to 64.8% in 2020–2024 (−9.2 percentage points), not a measurable change.
How big are renting households in Forest Home?
A renting household in Forest Home has 2.5 people on average, against 1.8 in an owned home.
How much do renters earn in Forest Home?
The median renting household in Forest Home, NY has an income of $53,000 (±$32,849) a year, against $171,008 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Forest Home CDP, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Forest Home CDP, New York
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Forest Home CDP, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Forest Home CDP, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Forest Home CDP, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Forest Home CDP, New York (place:26561, in state:36).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Forest Home at a glance
- Median rent in Forest Home
- Home values in Forest Home
- Homeowner costs in Forest Home
- Property taxes in Forest Home
- Types of homes in Forest Home
- Bedrooms in Forest Home
- Age of homes in Forest Home
- Heating fuel in Forest Home
- Commute and cars in Forest Home
- Population growth in Forest Home
- How long people stay in Forest Home
- New York landlord and tenant rules
- Housing across Tompkins County
- New York places ranked by share of renters
- Housing data for every place in New York