Forest Hills
Homes for Sale in Melrose, FL
True comps, carrying-cost math, and listings before the portals.
Price in Forest Hills is driven by condition and the individual home, not by a tidy vintage. With a build range spanning from 1960 to 2018 and a median year built around 1998, this is a mixed-era community where two homes on the same street can sit in very different places on the update curve. That spread is the single biggest variable in what a home trades for here.
At 61 homes, this is a small pool, so any given month's activity can look lumpy. Roughly two-thirds of homes carry a homestead exemption, which points to an owner-occupied core and typically thinner turnover. Sellers should price to their home's actual condition rather than to a neighbor's headline number; buyers should expect to underwrite each property on its own merits.
Nearby homes for sale
No active listings inside Forest Hills right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Forest Hills is a small, owner-heavy pocket in Melrose on the Clay County side, with a median living area around 1,448 square feet and a housing stock that ranges from early-1960s builds to homes finished in 2018.
realMLS (Northeast Florida) sales records identify 10 homes in Forest Hills that have changed hands since 2006, built between 1975 and 2004 (median 1988), with a median living area of about 1,216 sq ft and a typical 3-bedroom, 2-bath layout; 60% are single-family homes. Source: realMLS (Northeast Florida) closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 3 qualified sales in Forest Hills across 2024–2025 (2 in 2024, 1 in 2025), median $290,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Forest Hills is best for.
Best for
- Buyers seeking a compact home around the mid-1,400s in living area and comfortable doing careful due diligence
- Patient buyers willing to wait for the right home in a low-turnover, small community
- Value-focused buyers who can price an older home by its actual condition and update needs
Probably not for
- Buyers who need substantial square footage well above the community median
- Buyers who want a large menu of active listings and fast, data-rich comparisons
- Buyers expecting move-in-ready uniformity across a single build era
The market around Forest Hills
Forest Hills is too small for its own price trend, so here is the market around it.
In ZIP 32666, 58 homes are on the market and 22% are under contract — a steady corner of Melrose.
Across Clay County, 1,286 homes are active and 456 pending (26% under contract).
In ZIP 32666 (Melrose), 189 homes closed in the last 12 months at a median of $365K ($222/sq ft), up 2.0% year over year, with a median 30 days on market. Right now 34 active and 19 pending listings put supply at about 2.5 months — a healthy market. See the live ZIP 32666 housing market and the Putnam County market.
ZIP and county figures describe the wider market, not Forest Hills specifically. Momentum Research analysis of MLS records.
Forest Hills by the numbers
From county property records and closed MLS sales for the Forest Hills subdivision: 10 homes on record; built 1975–2004; typical size about 1,184 heated sq ft; 3 bedrooms is the median. Housing mix: single-family 60%.
| Year | Recorded sales | Median price |
|---|---|---|
| 2017 | 2 | $157,394 |
| 2018 | 1 | $55,900 |
| 2019 | 1 | $285,000 |
| 2020 | 1 | $142,500 |
| 2021 | 1 | $182,000 |
| 2022 | 1 | $185,000 |
Newest recorded sale: $185,000 on 2022-03-16.
Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.
Housing distress & ownership in Forest Hills, Melrose
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.
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.
A mixed-vintage community, priced home by home
The defining feature here is the age spread. A median year built near 1998 sits inside a range that opens in 1960 and runs to 2018, so "typical" is less useful than "this specific house." Original-condition older homes and updated or newer builds coexist, and that is where the value gaps live. Do the walkthrough on roof, systems, and finishes rather than trusting the era alone.
Scale matters too. With only 61 homes and about 68% homesteaded, inventory is limited and turnover tends to be slow. That can work in a patient buyer's favor when the right home surfaces, and it rewards sellers who prepare and price deliberately instead of chasing a fast-moving comp set that may not exist in a pool this small.
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 61-home community with a wide age range and few sales to lean on, the read comes from condition analysis and disciplined per-home pricing, not from an automated number. We underwrite each property on its own systems and finishes, and we tell you plainly when the price a home is asking does not match what it is.
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
How many homes are in Forest Hills?
What share of Forest Hills is owner-occupied?
When were the homes in Forest Hills built?
Who is the best real estate agent for Forest Hills?
How do I find a top Melrose 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
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32666)) |
| Under-contract shares | realMLS records, as of 2026-09-12 |
| Historical depth | Closed-sale records back to 2001 (15 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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the realMLS member average and 8 days faster, and we’ll price yours against live local comps.
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Nearby Communities
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