Home prices
The median home value in Forest is $234,500. Compared to its surrounding areas this is about $84,700 (56%) higher.In comparison to the US as a whole it is about $17,000 (7%) higher, and is approximately $99,400 (73%) higher compared to the city of Roanoke.
Rents
The median rent in Forest is $988 a month. Compared to the surrounding areas this is about $214 (27%) higher.Compared to the US as a whole it is roughly $74 (6%) lower, and compared to the city of Roanoke it is roughly $174 (21%) higher.
Nearby places
Timberlake
Timberlake is Forest's neighbor to the southeast. The housing prices there are a little less expensive. The median home price in Timberlake is $184,700, which works out to $49,800 (26%) lower than Forest. The rent there is a bit less expensive. Timberlake's median monthly rent is $909, which comes out to $79 (8%) lower than Forest.
Lynchburg
Lynchburg is Forest's neighbor to the northeast. Its real estate prices are a lot less expensive. The median home in Lynchburg costs $160,100, which is $74,400 (46%) lower than Forest. The rent there is a bit less expensive. The median rent in Lynchburg is $857 per month, which works out to $131 (15%) lower than Forest.
Madison Heights
Madison Heights is about 10 miles northeast from Forest. The housing prices there are significantly less expensive. Madison Heights's median home cost is $138,400, which is $96,100 (69%) lower than Forest. Its rents are substantially less expensive. The median rent in Madison Heights is $690 a month, which is $298 (43%) lower than Forest.
Rustburg
Rustburg is approximately 11 miles southeast of Forest. Its housing prices are substantially less expensive. The median home cost in Rustburg is $121,000, which works out to $113,500 (93%) lower than Forest. The rent there is a lot less expensive. The median rent in Rustburg is $647 a month, which comes out to $341 (52%) lower than Forest.
Bedford
Bedford is approximately 11 miles west from Forest. Real estate prices there are significantly less expensive. The cost of the median home in Bedford is $144,800, which comes out to $89,700 (61%) lower than Forest. Rents there are somewhat less expensive. Bedford's median rent is $766 a month, which is $222 (28%) lower than Forest.
