Forest City, IA is a great place for people looking for housing. The median value of houses in the city is $151,900 which is significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year house appreciation rate for Forest City is 11.88%, which is higher than the US average of 8.27%. With these figures in mind, it is clear that Forest City provides attractive economic opportunities for those looking to invest in housing and take advantage of its strong market.
The median home cost in Forest City is $151,900. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Forest City is up 15.9%.
Average Age of Homes
- The median age of Forest City real estate is 45 years old
The Rental Market in Forest City
- Renters make up 30.1% of the Forest City population
- 4.3% of houses and apartments in Forest City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.