Forrest, AR housing market
The typical Forrest home is worth about $78,000, down 5.8% in a year, 66% below the Arkansas typical home.
Home values, sales, trends and how Forrest compares with the towns next door — updated as new data is published.
Forrest at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Forrest | Arkansas |
|---|---|---|
| 2017 | $76,000 | $140,000 |
| 2018 | $77,000 | $145,000 |
| 2019 | $78,000 | $149,000 |
| 2020 | $81,000 | $156,000 |
| 2021 | $83,000 | $172,000 |
| 2022 | $85,000 | $197,000 |
| 2023 | $77,000 | $206,000 |
| 2024 | $84,000 | $212,000 |
| 2025 | $85,000 | $220,000 |
| 2026 | $77,000 | $224,000 |
| August 2026 | $78,000 | $227,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Forrest in 2025. That's 0.1 per 1,000 residents, slower than across Arkansas (7.6). Over the past 10 years, Forrest has permitted 17 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Forrest's population fell by 2,356 even though 92 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Arkansas: 1.1 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 9 | 3 | 6 | $540,000 |
| 2025 | 1 | 1 | 0 | $296,000 |
| 2024 | 2 | 2 | 0 | $573,000 |
| 2023 | 1 | 1 | 0 | $135,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 9 | 5 | 4 | $547,000 |
| 2020 | 2 | 2 | 0 | $418,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $231,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $140,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 4 | 4 | 0 | $449,000 |
| 2012 | 44 | 44 | 0 | $4.4 million |
| 2011 | 42 | 2 | 40 | $3.6 million |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $150,000 |
| 2008 | 6 | 6 | 0 | $318,000 |
| 2007 | 11 | 11 | 0 | $753,000 |
| 2006 | 15 | 15 | 0 | $1.2 million |
| 2005 | 12 | 12 | 0 | $1 million |
| 2004 | 20 | 15 | 5 | $1.4 million |
| 2003 | 10 | 8 | 2 | $1.2 million |
| 2002 | 15 | 15 | 0 | $1.4 million |
| 2001 | 6 | 6 | 0 | $658,000 |
| 2000 | 74 | 10 | 64 | $3.2 million |
How Forrest ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Forrest and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Forrest | $78K | −5.8% | $940 | 1 | $35,689 |
| Caldwell | — | — | $890 | 0 | $68,375 |
2.2 years of income
The typical Forrest home costs about 2.2 years of the town's median household income, less than across Arkansas (3.7 years).
How Forrest ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Forrest is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Forrest pay a median of $805, so moving in tends to cost more than staying put. A two-bedroom takes about 32% of the town's median household income, above the 30% guideline for affordable housing.
Studio $670 · 4 bedrooms $1,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (72326, 72335; Lee County, AR), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Forrest
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.