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Forest

Learn about the people, housing, costs and businesses in Forest, Iowa

Median Home$141,898
Median Rent$724/month
Population4,323
Leading IndustriesInformation & Media · Finance & Insurance · Education10% information & media
Home Value Growth+7.8% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners64% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$142k median home · lower cost than 77% of the country
Forest City
IA

Frequently Asked Questions

What are today's mortgage rates in Forest?

As of today, the 30-year fixed mortgage rate for Forest is approximately 6.865% (6.900% 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 Forest?

The median home value in Forest is $142k. The median monthly rent is $724. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forest?

Home values in Forest have increased 7.8% over the past two years. This represents moderate growth. 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 Forest?

Based on a typical all-in ownership cost of $782/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forest is $64k/year.

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What industries drive the economy in Forest?

The largest employment sectors in Forest are public administration (24%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.