The housing market in Forbes, ND is booming with a median value of $160,500. This is significantly lower than the national average of $338,100 and offers more affordable options for buyers. In addition, the 1 year house appreciation rate in Forbes, ND was 9.41%, which is higher than the national rate of 8.27%. This means that buyers can expect to see an increase in the value of their property over time. With low costs and high appreciation rates, Forbes, ND presents an ideal opportunity for those looking to purchase or invest in real estate.
The median home cost in Forbes is $160,500. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Forbes is up 10.5%.
Average Age of Homes
- The median age of Forbes real estate is 57 years old
The Rental Market in Forbes
- Renters make up 10.3% of the Forbes population
- 20.8% of houses and apartments in Forbes, 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.