Quick facts: Forest city, NC

Quick Facts

100.6
Cost of Living
above US average
7,358
Population
74.61
Crime Rate per 1000
above US average
$35,232
Median Income
below US average
$179,900
Median House Price
above US average
$1071.67
Average Rent
below US average
11%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $35,232.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $35,232
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Income Needed to Rent

⚠ Stretch
$46k/year
Based on $1071.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $46k vs median $35,232
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Forest city, NC

Forest City is a charming town located in Rutherford County, North Carolina, nestled in the foothills of the Appalachian Mountains. This small town boasts a rich history dating back to the late 19th century and has developed a tight-knit community feel. With a population of around 7,200 residents, Forest City offers a blend of rural charm and Southern hospitality. Outdoor enthusiasts will appreciate the nearby outdoor recreational opportunities, including hiking and biking trails, parks, and the stunning scenery of the surrounding mountains. The town is also home to several local businesses, shops, and eateries that showcase the region's culture and cuisine. Forest City hosts various events throughout the year, including the popular Forest City Christmas Parade and the Music on Main Concert Series, which draws locals and visitors alike. The town is conveniently situated near larger cities like Charlotte and Asheville, making it an accessible destination for day trips or extended exploration. Overall, Forest City is a quaint community that captures the essence of small-town living while celebrating its rich heritage and vibrant local culture.

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