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Forestdale

Learn about the people, housing, costs and businesses in Forestdale, Massachusetts

Median Home$499,400
Median Rent$1,795/month
Population4,029
Leading IndustriesWholesale Trade · Public Administration · Education13% wholesale trade
Home Value Growth⬆⬆⬆+22.0% over 2 years
Young Adults21% of residents
Homeowners88% of occupied units
NotableHigh Incomes$115k/year · top 10% nationally
NotableHighly Educated27% bachelor's · 12% graduate · top 14% nationally
Forestdale
MA

Frequently Asked Questions

What are today's mortgage rates in Forestdale?

As of today, the 30-year fixed mortgage rate for Forestdale is approximately 6.822% (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 Forestdale?

The median home value in Forestdale is $499k. The median monthly rent is $1,795. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forestdale?

Home values in Forestdale have increased 22.0% over the past two years. This indicates a strong appreciation trend. 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 Forestdale?

Based on a typical all-in ownership cost of $1,769/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forestdale is $115k/year.

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What industries drive the economy in Forestdale?

The largest employment sectors in Forestdale are public administration (27%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.