Forest County, Pennsylvania Housing Market
In Forest County, Pennsylvania, the median home value is $115,300, with a median monthly rent of $817. This places Forest County at #2719 nationally out of 3134 counties by median home value, and #65 within Pennsylvania.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $0
- Establishments: 106
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,272 (avg $46,028)
- Outflow: 2,144 (avg $46,891)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Forest County Compares
| Metric | Forest County | Pennsylvania Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $115,300 | $212,079 | $227,706 |
| Median Gross Rent | $817 | $990 | $968 |
| Owner Occupancy Rate | 78.3% | 74.2% | 73.3% |
| Price/Rent Ratio | 11.8 | 17.5 | 18.7 |
Market Analysis
The median home value in Forest County is 45.6% below the Pennsylvania state average and 49.4% below the U.S. national average. The median rent of $817/month is 17.5% below the state average.
With a price-to-rent ratio of 11.8, buying a home in Forest County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Forest County has an owner-occupancy rate of 78.3%, compared to 74.2% in Pennsylvania and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Greeley County | Kansas | $115,200 | $794 |
| Coosa County | Alabama | $115,500 | $665 |
| Montgomery County | Georgia | $115,500 | $760 |
| Christian County | Illinois | $115,500 | $785 |
| Scott County | Arkansas | $115,000 | $722 |
Other Counties in Pennsylvania
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Venango County | $119,800 | $795 | 75.3% |
| Cambria County | $121,000 | $739 | 76.4% |
| McKean County | $104,500 | $809 | 78.0% |
| Warren County | $127,500 | $755 | 79.5% |
| Elk County | $133,600 | $719 | 79.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).