Similar to other places in this area, it is substantially less expensive compared to the rest of the country. Compared to the city of Charlotte, it's significantly less expensive.
Home prices
The median home in Forest City is valued at $101,400. In comparison to other places in this area this is is very similar.It is about $116,100 (53%) lower compared to the rest of the country, and in comparison to the city of Charlotte is approximately $118,900 (53%) lower.
Rents
In Forest City the median rent is $592 per month. Compared to other places in this area this is roughly $48 (7%) lower.Compared to the entire country it is approximately $470 (44%) lower, and is roughly $543 (47%) lower compared to the city of Charlotte.
Nearby places
Spindale
Spindale is Forest City's neighbor to the northwest. The real estate prices there are somewhat less expensive. Spindale's median home price is $89,000, which comes out to $12,400 (13%) lower than Forest City. The rent there is fairly similar. In Spindale the median monthly rent is $583, which comes out to $9 (1%) lower than Forest City.
Bostic
Bostic is approximately 2 miles northeast of Forest City. Housing prices there are a bit less expensive. The median home price in Bostic is $88,500, which comes out to $12,900 (14%) lower than Forest City. The rent there is a bit less expensive. In Bostic the median monthly rent is $508, which works out to $84 (16%) lower than Forest City.
Rutherfordton
Rutherfordton is roughly 5 miles northwest of Forest City. Its housing prices are a little more expensive. The median home in Rutherfordton is valued at $124,000, which comes out to $22,600 (18%) higher than Forest City. Its rents are somewhat more expensive. In Rutherfordton the median monthly rent is $783, which is $191 (24%) higher than Forest City.
Ruth
Ruth is about 5 miles northwest of Forest City. The housing prices there are somewhat more expensive. The median home in Ruth is valued at $133,300, which works out to $31,900 (23%) higher than Forest City. The rent there is similar. In Ruth the median rent is $613 per month, which is $21 (3%) higher than Forest City.
Ellenboro
Ellenboro is roughly 5 miles east from Forest City. The real estate prices there are somewhat less expensive. The median home in Ellenboro costs $76,900, which comes out to $24,500 (31%) lower than Forest City. Rents there are a bit more expensive. The median monthly rent in Ellenboro is $715, which comes out to $123 (17%) higher than Forest City.
