Quick facts: Forest, MS

Quick Facts

92.7
Cost of Living
below US average
5,330
Population
32.83
Crime Rate per 1000
above US average
$50,093
Median Income
below US average
$136,275
Median House Price
above US average
$1309
Average Rent
below US average
18%
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 $50,093.

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Income Needed to Buy

βœ“ Affordable
$43k/year
Based on $136,275 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,093) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1309/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $50,093
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Forest, MS

Forest is a charming city located in Scott County, Mississippi. Nestled in the heart of the Magnolia State, it boasts a rich history and a close-knit community. The city is known for its picturesque landscapes, including lush green areas and beautiful parks, making it a peaceful place for both residents and visitors. Forest serves as a small regional hub, offering various local businesses, shops, and restaurants that reflect Southern hospitality. The city celebrates its heritage through events and festivals, showcasing local culture and traditions. Outdoor enthusiasts can enjoy activities such as hiking and fishing in nearby natural areas. Education is a priority in Forest, with several public schools serving the community, along with access to vocational training. The city is also strategically located, providing easy access to larger urban areas like Jackson, Mississippi's capital. Overall, Forest is a welcoming city that captures the essence of small-town life in Mississippi, offering a blend of history, community spirit, and natural beauty.

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