Forest City, NC home prices
Typical home $214,498 · +2.5% in a year · income needed $58,500
The Forest City, NC metro area ranks 589 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.5% in a year and +19.4% over five years. With 20% down at 7.11%, the typical home costs about $1,366 a month including 0.58% property tax (Rutherford County rate).
Mortgage on the typical Forest City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $42,900 | $171,599 | $1,154 | $0 | $212 | $1,366 | $58,500 |
| 10% down | $21,450 | $193,049 | $1,299 | $80 | $212 | $1,591 | $68,200 |
| 5% down | $10,725 | $203,773 | $1,371 | $85 | $212 | $1,667 | $71,500 |
| 3.5% down (FHA) | $7,507 | $210,613 | $1,417 | $95 | $212 | $1,723 | $73,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.58% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Forest City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Rutherford County, NC | $214,563 | +2.4% | 0.58% |
What can you afford in North Carolina on your salary? · North Carolina home prices · Salaries in North Carolina
Frequently asked questions
How much is a house in Forest City?
The typical home in the Forest City, NC metro area is worth $214,498 (Zillow, September 2026).
What salary do you need to buy a house in Forest City?
About $58,500 a year for the typical home with 20% down at 7.11%.