Forest County, Pennsylvania Housing Market Prices
Forest County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 18% below the Pennsylvania median$125,000
-
Median rent 32% below the Pennsylvania median$816
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Forest County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,000 | $152,469 | $248,835 |
| Price Trend (Annual %) | 61.2% | 3.7% | 7.5% |
| Median Gross Rent | $816 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Forest County is about 18% lower than in Pennsylvania. Rent is about 32% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Forest County, up about 61.2% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Forest County rose about 51.2% between 2015 and 2024, from $540 to $816. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Forest County.
Buying the median-priced home in Forest County costs roughly 12.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Forest County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Forest County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,000 | $152,469 | $248,835 |
| Median Household Income | $53,381 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Forest County rose about 125.0%, while median household income rose about 43.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Forest County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 21.7% | 63.0% | 58.5% |
| Rental Rate | 6.0% | 27.9% | 31.2% |
| Vacancy Rate | 72.3% | 9.1% | 10.2% |
| Median Tenure (years) | 21.0 | 17.0 | 15.0 |
| Median Year Moved In | 2005 | 2009 | 2011 |
Forest County has a homeownership rate of 21.7%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 72.3%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Forest County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1968 | 1966 | 1978 |
| Median Number of Rooms | 4.7 | 6.0 | 5.5 |
The typical housing unit in Forest County was built around 1968. On average, 2.2 people live in a home with about 4.7 rooms, staying for about 21.0 years on average.
Forest County, PA Housing Compared With Nearby Counties
Forest County, PA is the smallest of the 6 counties compared here, 6,715 residents against a local median of 37,909. The measure that sets Forest County, PA apart most is median home price: $125,000, 131% above the local median of $54,195.
The counties themselves spread $84,493 on median home price, so Forest County, PA sits at one end of an already wide local range rather than apart from it. Forest County, PA has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Forest County, PA | 6,715 | $125,000 #1/6 | $816 #1/6 | 78.3% #3/6 |
| Warren County, PA | 37,909 | $48,379 | $755 | 79.5% |
| Clarion County, PA | 37,179 | $105,859 | $797 | 72.5% |
| Jefferson County, PA | 43,864 | $76,944 | $750 | 74.9% |
| Venango County, PA | 49,798 | $54,195 | $794 | 75.3% |
| Elk County, PA | 30,506 | $21,366 | $718 | 79.5% |
Frequently Asked Questions
Common questions about the housing market in Forest County, Pennsylvania.
What is the median home price in Forest County, Pennsylvania?
The median home price in Forest County, Pennsylvania is $125,000, lower than the Pennsylvania average of $152,469.
What is the average home price in Forest County, Pennsylvania?
The typical home price in Forest County, Pennsylvania, reported as the median sale price, is $125,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Forest County, Pennsylvania?
The median gross rent in Forest County, Pennsylvania is $816 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Forest County in 2020?
In 2020, the median gross rent in Forest County, Pennsylvania was $519 per month.
What is the price-to-rent ratio in Forest County, Pennsylvania?
The price-to-rent ratio in Forest County, Pennsylvania is about 12.8, meaning it would take roughly 12.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Forest County.
Are home prices or rent rising faster in Forest County, Pennsylvania?
Both home prices and rent are rising in Forest County, up about 61.2% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Forest County, Pennsylvania?
21.7% of households in Forest County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Forest County, Pennsylvania?
The housing vacancy rate in Forest County, Pennsylvania is 72.3%, higher than the Pennsylvania average of 9.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →