Forest City, PA—18421
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest City, PA
Forest City, PA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | 10.3% |
| Single Family | $208,000 | 9.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $225,000 | 5.1% |
4 Bed | $273,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $917 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,280 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Forest City, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest City, PA is 75. This is a increase of 20.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 24.0% |
Listing Count | 19 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 75 | 20.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $900 | $770 |
| 2 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $208,000 |
| Median Household Income | $69,600 |