Forest, WI housing market
Home prices around Forest have risen about 105% over the past 5 years.
Home values, sales, trends and how Forest compares with the towns next door — updated as new data is published.
Home prices up 105% in 5 years
The federal house price index for the ZIP codes around Forest rose 105% over the past 5 years, faster than across Wisconsin (57%). Last year prices rose 33%.
Show as a table
| Year | Change that year | Since 2000 | Wisconsin since 2000 |
|---|---|---|---|
| 2025 | +33% | +229% | +143% |
| 2024 | +11% | +148% | +131% |
| 2023 | −7.5% | +123% | +116% |
| 2022 | +33% | +141% | +95% |
| 2021 | +12% | +81% | +70% |
| 2020 | +2.2% | +61% | +54% |
| 2019 | +2.9% | +57% | +50% |
| 2018 | −3.5% | +53% | +43% |
| 2017 | +22% | +58% | +36% |
| 2016 | −2.8% | +30% | +29% |
| 2015 | +12% | +33% | +24% |
| 2014 | +0.4% | +19% | +21% |
| 2013 | −5.9% | +18% | +19% |
| 2012 | −1% | +26% | +19% |
| 2011 | −4.3% | +27% | +21% |
| 2010 | +0.1% | +33% | +25% |
| 2009 | −14% | +33% | +31% |
| 2008 | +8.9% | +54% | +36% |
| 2007 | +3% | +41% | +38% |
| 2006 | +0.1% | +37% | +36% |
| 2005 | +15% | +37% | +32% |
| 2004 | +3.6% | +19% | +21% |
| 2003 | +1.9% | +15% | +13% |
| 2002 | +4.8% | +13% | +9.3% |
| 2001 | +7.5% | +7.5% | +5.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 54634, 54651, 54638, 54639, covering 56% of Forest’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Forest and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Forest | — | +32.8%† | $1,000 | — | $61,833 |
| Whitestown | — | — | $1,050 | 1 | $89,167 |
| Hillsboro | $210K | +11.6% | $970 | 1 | $58,750 |
| Union | — | +32.8%† | $970 | 2 | $61,042 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Forest is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Forest pay a median of $914.
Studio $690 · 4 bedrooms $1,490
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54634, 54638, 54639, 54651; Vernon County, WI HUD Metro FMR Area), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.