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Forbestown

Learn about the people, housing, costs and businesses in Forbestown, California

Median Home$363,300
Median Rent$976/month
Population258
Leading IndustriesManufacturing · Agriculture & Mining · Construction3% manufacturing
Home Value Growth⬇⬇-11.8% over 2 years
Retirees29% of residentswell above average
Homeowners80% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
Forbestown
CA

Frequently Asked Questions

What are today's mortgage rates in Forbestown?

As of today, the 30-year fixed mortgage rate for Forbestown is approximately 6.823% (6.856% 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 Forbestown?

The median home value in Forbestown is $363k. The median monthly rent is $976. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forbestown?

Home values in Forbestown have decreased 11.8% over the past two years. Buyers may find more negotiating room in this market. 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 Forbestown?

Based on a typical all-in ownership cost of $955/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forbestown is $43k/year.

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What industries drive the economy in Forbestown?

The largest employment sectors in Forbestown are public administration (23%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.