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 Type | 1.10% |
| One Bedroom | 11.80% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 45.80% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $57,900 |
| Median Price asked for vacant units | $62,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $298 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 2.20% |
| Simple Mortgage | 54.60% |
| Debt Free | 38.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
