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Forrest

Learn about the people, housing, costs and businesses in Forrest, Arkansas

Median Home$96,092
Median Rent$803/month
Population12,651
Leading IndustriesFinance & Insurance · Information & Media · Public Administration11% finance & insurance
Home Value Growth⬆⬆⬆+40.0% over 2 years
Young Adults34% of residentswell above average
Renters61% of occupied units
NotableTransit79/100 · excellent transit access
NotableAffordable Market$96k median home · lower cost than 93% of the country
Forrest City
AR

Frequently Asked Questions

What are today's mortgage rates in Forrest?

As of today, the 30-year fixed mortgage rate for Forrest is approximately 7.274% (7.324% 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 Forrest?

The median home value in Forrest is $96k. The median monthly rent is $803. Annual property taxes average $537. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forrest?

Home values in Forrest have increased 40.0% 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 Forrest?

Based on a typical all-in ownership cost of $813/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forrest is $37k/year.

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What industries drive the economy in Forrest?

The largest employment sectors in Forrest are public administration (28%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.