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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 $178,387, lower than the North Carolina average of $323,314.
The average cost of rent is $751/mo in Forest City, primarily driven by the current value of real estate in the Forest City area. In Forest City, 35.41% of households rent, and 51.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest City is $3,820 per month. Households that rent pay about 19.66% 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
- Spindale, NC: equally priced homes
- Henrietta, NC: less expensive homes
- Ellenboro, NC: equally priced homes
- Harris, NC: equally priced homes
- Ruth, NC: higher priced homes
- Rutherfordton, NC: higher priced homes
- Bostic, NC: less expensive homes
- Mooresboro, NC: equally priced homes
- Westminster, NC: less expensive homes
- Hollis, NC: higher priced homes
Cities with Similar Populations
- Rio Rico, AZ: higher priced homes
- Homewood, IL: higher priced homes
- Howard, WI: higher priced homes
- Hudson, MA: higher priced homes
- Kirksville, MO: equally priced homes
- La Canada Flintridge, CA: higher priced homes
- Lanham, MD: higher priced homes
- Point Pleasant, NJ: higher priced homes
- Port Wentworth, GA: higher priced homes
- Powhatan, VA: higher priced homes
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