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Forbes

Learn about the people, housing, costs and businesses in Forbes, North Dakota

Median Home$176,500
Population33
Leading IndustriesConstruction · Agriculture & Mining · Arts, Food & Hospitality8% construction
Home Value Growth+0.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
Forbes
ND

Frequently Asked Questions

What are today's mortgage rates in Forbes?

As of today, the 30-year fixed mortgage rate for Forbes is approximately 7.021% (7.061% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Forbes?

The median home value in Forbes is $177k. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forbes?

Home values in Forbes have increased 0.8% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Forbes?

Based on a typical all-in ownership cost of $627/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forbes is $56k/year.

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What industries drive the economy in Forbes?

The largest employment sectors in Forbes are public administration (21%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.