Forest, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Forest Neighborhoods Since 2000




Forest, VA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Forest Housing Market Information

With 9,324 people, 4,094 houses or apartments, and a median cost of homes of $257,401, Forest real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Forest, accounting for 67.75% of the town's housing units. Other types of housing that are prevalent in Forest include row houses and other attached homes ( 17.62%), large apartment complexes or high rise apartments ( 10.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Forest. Owner-occupied housing accounts for 82.19% of Forest's homes, and 71.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Forest 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 Forest built between 2000 and later ( 21.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.91%).

Forest Home Appreciation Rates

Real estate appreciation rates in Forest's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.

Over the last year, Forest appreciation rates have trailed the rest of the nation. In the last twelve months, Forest's appreciation rate has been 1.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Forest were at 0.50%, which equates to an annual appreciation rate of 2.02%.

Relative to Virginia, our data show that Forest's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$257,401

Forest, VA HOME PRICES

Value Range
> $1,061,000 0.0
$795,001 - $1,061,000 0.2
$530,001 - $795,000 2.5
$424,001 - $530,000 2.7
$318,001 - $424,000 17.7
$212,001 - $318,000 31.6
$106,001 - $212,000 41.7
$53,001 - $106,000 2.2
$0 - $53,000 1.5

High for VA
High for Nation

Value Relative to Nation Value Relative to State
21.4461502402438 27.1468144044321

Number Of Homes And Apartments:
4,094

Forest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
35.47% 1.78% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,162 / per month

Homeownership Rate

Homeownership
Owners 82.19
Renters 17.81
Vacant 3.96

Housing Market Details

 

Age of Homes

AGE OF Forest HOMES
2000 or Newer 21.4
1970 - 1999 69.8
1940 - 1969 7.9
1939 or Older 0.9

Types of Homes

TYPE OF Forest HOMES
Single-Family 67.7
Townhomes 17.6
Small Apt. Buildings 2.0
Apt. Complexes 10.9
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Forest HOMES
No Bedroom 0.54
1 Bedroom 5.68
2 Bedrooms 18.18
3 Bedrooms 48.51
4 Bedrooms 23.01
5 or more bedrooms 4.08

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Zip Codes in Forest, VA