Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 1,892 people, 832 houses or apartments, and a median cost of homes of $199,895, Forsyth real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Forsyth, accounting for 77.02% of the city's housing units. Other types of housing that are prevalent in Forsyth include duplexes, homes converted to apartments or other small apartment buildings ( 7.87%), mobile homes or trailers ( 7.66%), and a few row houses and other attached homes ( 4.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Forsyth. Owner-occupied housing accounts for 65.92% of Forsyth's homes, and 53.93% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Forsyth built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Forsyth built between 1940-1969 ( 29.81%). A lesser amount of the housing stock also hails from before 1939 ( 29.09%). There's also some housing in Forsyth built between 2000 and later ( 4.87%).
Vacant housing appears to be an issue in Forsyth. Fully 13.87% of the housing stock is classified as vacant. Left unchecked, vacant Forsyth homes and apartments can be a drag on the real estate market, holding Forsyth real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Forsyth has experienced some of the highest home appreciation rates of any community in the nation. Forsyth real estate appreciated 31.18% over the last ten years, which is an average annual home appreciation rate of 2.75%, putting Forsyth in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Forsyth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Forsyth that despite a nationwide downturn in the housing market, Forsyth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Forsyth appreciation rates continue to be some of the highest in America, at 7.69%, which is higher than appreciation rates in 85.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Forsyth. Forsyth appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.
Importantly, this makes Forsyth one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Montana, our data show that Forsyth's latest annual appreciation rate is higher than 60% of the other cities and towns in Montana.
|$895,001 - $1,193,000||0.8|
|$597,001 - $895,000||0.2|
|$477,001 - $597,000||5.0|
|$358,001 - $477,000||3.2|
|$239,001 - $358,000||24.6|
|$119,001 - $239,000||39.9|
|$60,001 - $119,000||17.8|
|$0 - $60,000||6.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Forsyth HOMES|
|2000 or Newer||4.9|
|1970 - 1999||36.2|
|1940 - 1969||29.8|
|1939 or Older||29.1|
|TYPE OF Forsyth HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Forsyth HOMES|
|5 or more bedrooms||4.24|