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Forestville

Learn about the people, housing, costs and businesses in Forestville, Maryland

Median Home$333,123
Median Rent$1,972/month
Population11,296
Leading IndustriesRetail · Education14% retail
Home Value Growth+1.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners70% of occupied units
NotableAmenity Score85/100 · highly walkable area
Forestville
MD

Frequently Asked Questions

What are today's mortgage rates in Forestville?

As of today, the 30-year fixed mortgage rate for Forestville is approximately 6.903% (6.939% 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 Forestville?

The median home value in Forestville is $333k. The median monthly rent is $1,972. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forestville?

Home values in Forestville have increased 1.3% 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 Forestville?

Based on a typical all-in ownership cost of $1,760/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forestville is $75k/year.

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What industries drive the economy in Forestville?

The largest employment sectors in Forestville are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.