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Forrest City, AR Real Estate


According to census data in the year 2000 there were 5,163 housing units in Forrest City. This represents a 0.6% decline from 5,195 in 1990.

Of those housing units, 4,570 were located in either urbanized areas or urban clusters, and 593 were located in what is classified as a rural area.

Homeownership rate in Forrest City is about 51%. Forrest City's vacancy rate, including seasonal lodging, is about 11.4%. Average household size is 2.65 people.

The majority of houses, apartments or condos in Forrest City were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom11.80%
Two Bedrooms32.80%
Three Bedrooms45.80%
Four Bedrooms7.70%
Five Bedrooms or more0.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1967
Median Value of occupied units$57,900
Median Price asked for vacant units$62,600

Rented Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1974
Median Monthly Rent asked for vacant units$298

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan2.20%
Simple Mortgage54.60%
Debt Free38.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.2%