Forbes MN Homes for Sale

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Forbes Real Estate

The median home value in Forbes, MN is $320,000. This is higher than the county median home value of $197,400. The national median home value is $338,100. The average price of homes sold in Forbes, MN is $320,000. Approximately 76.21% of Forbes homes are owned, compared to 3.79% rented, while 20% are vacant. Forbes real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Forbes real estate agent to arrange a tour today!

Forbes, Minnesota has a population of 498. Forbes is less family-centric than the surrounding county with 24.41% of the households containing married families with children. The county average for households married with children is 26.31%.

The median household income in Forbes, Minnesota is $71,000. The median household income for the surrounding county is $61,213 compared to the national median of $69,021. The median age of people living in Forbes is 49.3 years.

Forbes Weather

The average high temperature in July is 77 degrees, with an average low temperature in January of -4.5 degrees. The average rainfall is approximately 26.9 inches per year, with 58.2 inches of snow per year.

Forbes Real Estate Market Conditions

  • Median sales price

    $320,000
    13.2% change since last quarter
  • # Active listings

    0
    30-day change

Forbes Schools and Demographics

Education near Forbes, MN

Metric City County
High School Graduates 95 94.63
College Degree - 2 year 19.09 13.09
College Degree - 4 year 15.45 31.2
Graduate Degree 7.73 7.35
Expenditures per Student 16,248 16,248
Students per Teacher 15.2 15.2

Elementary Schools near Forbes, MN

School Grades Students P/T Ratio ZIP
Cherry Elementary School PK - 06 269 14.1 55751
Franklin Elementary School PK - 04 413 14.3 55734
Greenhaven Elementary School PK - 02 327 14.8 55746
Lincoln Elementary School 03 - 06 739 20 55746
Merritt Elementary School PK - 06 275 13.5 55768
Washington Elementary School KG - 02 307 14.6 55746

High Schools near Forbes, MN

School Grades Students P/T Ratio ZIP
Cherry Secondary School 07 - 12 182 16 55751
East Range Academy of Tech-Science 09 - 12 131 11.6 55734
Eveleth-Gilbert Senior High School 09 - 12 304 18.5 55734
Hibbing High School 07 - 12 1,020 17 55746
Mountain Iron-Buhl Secondary School 07 - 12 212 13.5 55768
Northeast Service Cooperative OLL 09 - 12 0 55768

Ungraded Schools near Forbes, MN

School Grades Students P/T Ratio ZIP
* Mesabi Area Learning Center 09 - 12 10 83.3 55746

Demographics near Forbes, MN

Metric City County
Neighborhood Type Small town
Population 498 200,311
Population Density 5 32
Median Age 49.3 40.9
People per Household 2.5 2.2
Median Household Income 71,000 61,213
Average Income per Capita 35,815 34,816