Forest City, NC
Full City Profile · North Carolina · Rutherford County County
2.9
/5.0
C+
Fair
7,368
Population
858/sq mi density
$35,897
Median Income
$21,285 per capita
$142,100
Home Value
$190,259 Zillow
$815
Median Rent
33.8% income on rent
59°F
Avg Temperature
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Economy
1.8 / 5.0
$35,897 median income, 6.7% unemployment
A
Affordability
4.5 / 5.0
$142,100 home value, $815/mo rent
C
Education
2.4 / 5.0
17.2% bachelor's degree or higher
Housing Overview
Median Home Value
$142,100
50% below
US avg: $281,900
Median Rent
$815/mo
30% below
US avg: $1,163/mo
Homeownership Rate
41.1%
37% below US avg (65.4%)
Total Housing Units
3,235
Median year built: 1967
Home Value by Source
Census Median
$142,100
Zillow (ZHVI)
$190,259
Redfin Median Sale
$247,000
Median Sale Price
$247,000
Median List Price
$200,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
41.1%
Owner-Occupied
58.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$815/mo
Market Indicators (Redfin)
Median Sale Price
$247,000
Median Days on Market
169 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
42.3%
of listings with price reduction
Price Per Sq Ft
$167
Active Inventory
26
homes for sale
Affordability & Housing Stock
Rent Burden
33.8%
of renters spending 30%+ of income on housing
9% above US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
41.1%
Complete Housing Data
Home Values
| Census Median Value | $142,100 |
| Zillow Home Value (ZHVI) | $190,259 |
| Redfin Median Sale | $247,000 |
| Median Sale Price | $247,000 |
| Median List Price | $200,000 |
| Price Per Sq Ft | $167 |
Rent
| Census Median Rent | $815 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
| Days on Market | 169 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 42.3% |
| Homes Sold | 4 |
| Active Inventory | 26 |
| Price Per Sq Ft | $167 |
Ownership & Stock
| Owner-Occupied | 41.1% |
| Renter-Occupied | 58.9% |
| Homeownership Rate | 41.1% |
| Total Housing Units | 3,235 |
| Median Year Built | 1967 |
| Rent Burden | 33.8% |