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Affordable
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These days, finding an affordable place to live in the Forest City area can be challenging. Home prices in Forest City are now at a median cost of $157,886, lower than the Iowa average of $226,062.
The average cost of rent is $728/mo in Forest City, primarily driven by the current value of real estate in the Forest City area. In Forest City, 34.25% of households rent, and 47.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest City is $5,578 per month. Households that rent pay about 13.05% of their income on rent here. Forest City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Miller, IA: higher priced homes
- Leland, IA: higher priced homes
- Hayfield, IA: higher priced homes
- Crystal Lake, IA: less expensive homes
- Fertile, IA: higher priced homes
- Thompson, IA: less expensive homes
- Duncan, IA: equally priced homes
- Garner, IA: higher priced homes
- Lake Mills, IA: equally priced homes
- Joice, IA: higher priced homes
Cities with Similar Populations
- East Earl, PA: higher priced homes
- South Grafton, MA: higher priced homes
- South Glastonbury, CT: higher priced homes
- South Brooksville, FL: higher priced homes
- Dyersville, IA: higher priced homes
- Eagar, AZ: higher priced homes
- South Bay, FL: less expensive homes
- South Barrington, IL: higher priced homes
- Eagle, WI: higher priced homes
- Early, TX: higher priced homes
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