Forest Hills
Homes for Sale in Fernandina Beach, FL
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-10, 4 recorded sales closed at a median of $589,950, $369 per square foot, a median 46 days on market, sellers accepting 94% of original asking (-23% versus the prior year). At the median price and Nassau County's FY2025-26 rate of 13.28 mills, annual property tax runs about $7,830 ($7,330 with the full homestead exemption).
Forest Hills is a condition-and-lot story, not a floor-plan story. With a median build year of 1959 and homes stretching from 1950 to 2024, price here is set less by square footage than by what has been done to a given house — original mid-century stock versus renovated or rebuilt product. At roughly $418 per square foot on a median around 2,009 finished feet, the median sits just under $590,000, but expect a wide spread between untouched older homes and updated ones on the same street.
The market posture is mixed and thin. Median days on market near 44 is a measured pace, not a frenzy, and the year-over-year median is down sharply — a figure to read with caution given how few closings anchor this snapshot. For sellers, that means pricing to current condition and comparable finish, not to last year's number. For buyers, it means room to evaluate carefully rather than rushing, but also patience finding the right house in a small pool.
Forest Hills right now
🔴 Off the recent peak. The trailing-12-month median ($590K) is down 23.2% from the prior 12 months ($768K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level realMLS closed sales, 12-month windows ending September 10. Confidence: Low (4 and 4 sales in the two windows).
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Updated September 10, 2026 · Live data: realMLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Forest Hills market snapshot (as of September 10, 2026): the median sale price is about $590K ($369 per sq ft over the trailing 12 months of closed sales), and a median 46 days on market for closed sales. The trailing-12-month median is down 23% from the prior 12 months, computed from record-level realMLS closed sales (4 closings in the current window).
Forest Hills is an established Fernandina Beach pocket of about 159 homes where an owner-occupied majority — roughly 82% homestead — keeps turnover low and inventory tight. The housing runs the full arc from 1950-era originals to 2024 new builds, so two neighboring homes can trade on very different terms.
Who Forest Hills is best for.
Best for
- Buyers targeting an established Fernandina Beach location who can budget for updates on older homes
- Renovation-minded buyers willing to buy land and bones and add value themselves
- Long-hold owners who value low turnover and are patient waiting for the right listing
Probably not for
- Buyers who need turnkey new construction and won't consider a mid-century home
- Anyone needing a fast, low-competition purchase from a large active inventory
- Buyers relying on a clean year-over-year price trend to time an offer
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 10 of each year, from record-level realMLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($590K) IS the median in the snapshot above, and the move from 2025 ($768K) IS the -23.2% one-year change.
Windows contain 0 to 4 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
29% of homes for sale in ZIP 32034 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-08).
Housing distress & ownership in Forest Hills, Fernandina Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
Recent Developments in Forest Hills
Development, infrastructure, retail, and school activity affecting Forest Hills, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Builder Activity
Wildlight subdivision advances in Yulee as the master-planned community expands
Rayonier's Wildlight master-planned community continued adding residential phases in Yulee in mid-2026, part of a long-range plan that pairs new housing with its commerce park and town center near Interstate 95.
What it may mean for the marketOngoing residential expansion at a large master-planned community adds new supply and amenities in the Yulee area, which can influence pricing and competition for nearby communities. The project is about 23 miles north of Forest Hills, elsewhere in Nassau County.
Source: Jax Daily Record - April 2026Development
Southeast Toyota opens $170M vehicle-processing facility at JAXPORT's Blount Island, adding 400-plus jobs
Southeast Toyota Distributors dedicated a new vehicle processing facility at JAXPORT's Blount Island Marine Terminal in April 2026. The company put the investment at $170 million and said the facility created more than 400 full-time jobs, most of them hired locally.
What it may mean for the marketA large new employment center on Blount Island adds sustained local job demand, a factor that has historically supported nearby housing absorption. The site is about 4 miles northeast of Forest Hills.
Source: JAXPORT - March 2026Development
First Wildlight Commerce Park speculative building opens in Yulee
The first speculative building at Wildlight Commerce Park opened in March 2026, adding move-in-ready industrial and flex space to Rayonier's Wildlight community in Nassau County near Interstate 95 and A1A.
What it may mean for the marketNew employment and commerce space at Wildlight strengthens the live-and-work profile of the Interstate 95 and A1A area in Nassau County, a factor that can support nearby residential demand. The project is about 23 miles north of Forest Hills, elsewhere in Nassau County.
Source: Jax Daily Record - February 2026Infrastructure
JAXPORT details $250M Blount Island modernization and record cargo in 2026 State of the Ports
At its February 2026 State of the Ports address, JAXPORT outlined a $250 million modernization of Blount Island's container and vehicle-handling capabilities and reported record fiscal-2025 cargo volumes. The port also said an air-draft expansion to accommodate larger ships is on track to finish by the end of 2026.
What it may mean for the marketContinued heavy investment in the Blount Island port complex anchors long-term industrial employment on the northeast side, a structural demand driver for the surrounding area. The site is about 4 miles northeast of Forest Hills.
Source: News4Jax
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Forest Hills buying strategy.
If we were buying in Forest Hills today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Forest Hills.
An old-bones neighborhood in transition
The defining feature is age and its consequences. A median year built of 1959 means many homes carry mid-century systems, layouts, and lot patterns; the range up to 2024 tells you the block is turning over house by house through renovation and teardown-rebuild. That mix is why the per-square-foot number matters more than the sticker: you are often buying land and location with a structure whose value depends entirely on what has — or hasn't — been updated.
The homestead share above 80% signals a settled, owner-held neighborhood where listings come to market infrequently. Combined with a small closings window, that scarcity works two ways: well-prepared sellers face limited direct competition, while buyers should expect to move on the right home when it appears and to underwrite renovation cost honestly on the older stock.
The location and the amenities are priced into every listing in Forest Hills. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, condition-driven market like Forest Hills, the median tells you almost nothing about the house in front of you. We price and evaluate off finish, systems, and lot — separating a renovated home from an original one on the same street — so sellers don't leave money on the table and buyers don't overpay for deferred maintenance. With thin closing data, that hands-on comparable work is the whole job.
Forest Hills in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Forest Hills buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Forest Hills sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Hills, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forest Hills home worth?
Get a no-obligation home value based on real comparable sales in Forest Hills, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Forest Hills?
How long do homes in Forest Hills take to sell?
Who is the best real estate agent for Forest Hills?
How do I find a top Fernandina Beach real estate agent who knows Forest Hills?
Can Momentum Realty connect me with an agent for Forest Hills?
Should you buy in Forest Hills?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | realMLS closed sales, 12-month windows ending September 10, 2026 |
| Under-contract shares | realMLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2009 (28 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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