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These days, finding an affordable place to live in the Forbes area can be challenging. Home prices in Forbes are now at a median cost of $215,695, lower than the North Dakota average of $273,535.
The average cost of rent is $825/mo in Forbes, primarily driven by the current value of real estate in the Forbes area. In Forbes, 17.35% of households rent, and 81.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forbes is $4,527 per month. Households that rent pay about 18.23% of their income on rent here. Forbes’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spring Creek Colony, SD: less expensive homes
- Ellendale, ND: less expensive homes
- Monango, ND: equally priced homes
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- Long Lake, SD: less expensive homes
- Frederick, SD: less expensive homes
- Willow, SD: less expensive homes
- Leola, SD: less expensive homes
- Kulm, ND: less expensive homes
- Fullerton, ND: less expensive homes
Cities with Similar Populations
- Raccoon Ford, VA: higher priced homes
- Neff, OK: less expensive homes
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- New Lexington, PA: less expensive homes
- Pozo, CA: higher priced homes
- Prairie Corners, WI: higher priced homes
- Pritchett, CO: less expensive homes
- Prosper, MN: less expensive homes
- Pryor, CO: higher priced homes
- Puerto De Luna, NM: equally priced homes
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