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Forest City, PA—18421

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$206,000
9.6% YoY Growth
Household Income
$69,600
33.8% YoY Growth
Days on Market
74
41.0% Longer YoY
Home Price Forecast
N/A
Median Rent
$1,000
2.6% YoY Growth
1-Bed Rent
$900
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,200
1.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Forest City, PA

Forest City, PA lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$206,0009.6%
Single Family $206,0008.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    		N/AN/A
    3 Bed
    		$222,0004.2%
    4 Bed
    		$271,0003.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    6.1%
    2 Bedrooms
    25.7%
    3 Bedrooms
    42.4%
    4 Bedrooms
    20.2%
    5+ Bedrooms
    3.7%

    Rental Trends — Forest City, PA

    As of July '25, Rentcast reports the average rent in Forest City, PA is $1,170, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Forest City, PA is 1-bedrooms: $917, 3-bedrooms: $1,280, 4-bedrooms: $1,700. The most common rental property sizes in Forest City, PA are 2-bedroom and 3-bedroom, accounting for 35.9% and 25.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,000$1,170
    Studio Rent N/AN/A
    1 Bed Rent $900$917
    2 Bed Rent N/AN/A
    3 Bed Rent $1,200$1,280
    4 Bed Rent $1,700$1,700
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    % of Rental Stock

    Studio
    6.0%
    1 Bedroom
    23.1%
    2 Bedrooms
    35.9%
    3 Bedrooms
    25.8%
    4 Bedrooms
    9.2%

    Property Listings — Forest City, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Forest City, PA is 77. This is a increase of 59.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$195,000-16.0%
    Listing Count
    		14-11.0%
    Listings as % of Homes0.3%-11.0%
    Days on Market
    		7441.0%
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    Demographics — Forest City, PA

    As of the latest ACS Survey released in 2023, Forest City, PA has a population of 4,480, which has decreased by -13.7% over the past 5 years. Forest City, PA is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,480-13.7%
    % Under 18
    		20.6%2.5%
    % Seniors
    		20.5%-8.5%
    % WFH
    		11.0%111.5%
    % w/ College Degree
    		23.3%20.1%
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    As of the latest ACS Survey released in 2023, Forest City, PA is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Forest City, PA is hispanic, making up 4.4% of the population. Foreign-born residents account for 2.7% of the population in Forest City, PA, and this percentage has increased by 80.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.0%-1.1%
    % Black
    		1.1%-52.2%
    % Hispanic
    		4.4%131.6%
    % Asian
    		0.3%-40.0%
    % Foreign Born
    		2.7%80.0%
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    Mortgage and Risk — Forest City, PA

    According to HUD data as of 2023, there were 29 mortgage originations in Forest City, PA, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Forest City, PA. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		29
    % Conventional Loans
    		59.0%
    % Government Loans
    		41.0%
    % Investor Loans
    		10.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Forest City, PA

    Forest City, PA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		64
    Total Units Section 8
    		64
    % Rentals under Section 8
    		15.7%
    % Occupied Section 8
    		93.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$130$900$770
    2 BedroomN/AN/A$940
    3 Bedroom$10$1,200$1,210
    4 Bedroom-$170$1,700$1,530

    Affordability — Forest City, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$206,000
    Median Household Income$69,600

    Forest City, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Carbondale, PA

    18407

    Jermyn, PA

    18433

    Archbald, PA

    18403

    Olyphant, PA

    18447

    Peckville, PA

    18452

    Frequently Asked Questions