Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Forsyth

Learn about the people, housing, costs and businesses in Forsyth, Illinois

Median Home$284,500
Median Rent$865/month
Population3,621
Leading IndustriesRetail · Public Administration24% retail
Home Value Growth⬆⬆+14.1% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners89% of occupied units
NotableHighly Educated40% bachelor's · 17% graduate · top 1% nationally
NotableHigh Incomes$116k/year · top 10% nationally
Forsyth
IL

Frequently Asked Questions

What are today's mortgage rates in Forsyth?

As of today, the 30-year fixed mortgage rate for Forsyth is approximately 7.030% (7.040% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Forsyth
What is the median home price in Forsyth?

The median home value in Forsyth is $285k. The median monthly rent is $865. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forsyth?

Home values in Forsyth have increased 14.1% 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 Forsyth?

Based on a typical all-in ownership cost of $1,184/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forsyth is $116k/year.

Calculate your buying power
What industries drive the economy in Forsyth?

The largest employment sectors in Forsyth are public administration (30%) and retail (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.