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These days, finding an affordable place to live in the Forada area can be challenging. Home prices in Forada are now at a median cost of $365,442, higher than the Minnesota average of $345,793.
The average cost of rent is $1,476/mo in Forada, primarily driven by the current value of real estate in the Forada area. In Forada, 13.24% of households rent, and 41.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forada is $7,999 per month. Households that rent pay about 18.45% of their income on rent here. Forada’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alexandria, MN: less expensive homes
- Villard, MN: less expensive homes
- Holmes City, MN: equally priced homes
- Lowry, MN: equally priced homes
- Long Beach, MN: equally priced homes
- Nelson, MN: less expensive homes
- Glenwood, MN: less expensive homes
- Osakis, MN: less expensive homes
- Farwell, MN: less expensive homes
- Westport, MN: less expensive homes
Cities with Similar Populations
- South Washington, IN: less expensive homes
- Carville, LA: less expensive homes
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- Cazenovia, WI: less expensive homes
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- Collins, MO: less expensive homes
- Colony, AL: less expensive homes
- Coulee City, WA: less expensive homes
- Cragford, AL: less expensive homes
- Crystal Lake Park, MO: higher priced homes
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