The Most Affordable Neighborhoods in Forest City, SD by Home Value

 

Forest City, SD Map of Most Affordable Neighborhoods
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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 $84,515, lower than the South Dakota average of $199,518.

The average cost of rent is $509/mo in Forest City, primarily driven by the current value of real estate in the Forest City area. While nearly 72.22% of residents own their homes outright in Forest City, 27.52% rent.

Housing affordability isn’t just about home prices, though. The average household income in Forest City is $5,270 per month. Households that rent pay about 9.66% of their income on rent here. Forest City's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.


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