House Prices

House Prices & Home Values Forbes, MN 2026


Average Data

average house price$168,000
average size per house1207 ft²
average price per ft²140 $ / ft²

04/05/2026 - The value range (VR) for house prices in Forbes, MN is $49/ sqft to $49/ sqft. An average home with 1207 sqft costs approximately $59,143 to $59,143. Forbes, MN includes 1 ZIP codes and it is located in St. Louis county. The lowest prices are found in ZIP 55738, while the highest are in ZIP 55738. The average price per sqare feet is $140. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Forbes

5573852 $ / ft²




Historical development of home values in Forbes

Year Estimated value (USD) Change vs. 2025
2010 $78,022 -53.6%
2011 $75,005 -55.4%
2012 $74,803 -55.5%
2013 $77,599 -53.8%
2014 $81,458 -51.5%
2015 $85,638 -49.0%
2016 $90,108 -46.4%
2017 $94,971 -43.5%
2018 $100,222 -40.3%
2019 $104,869 -37.6%
2020 $110,290 -34.4%
2021 $125,443 -25.3%
2022 $146,238 -13.0%
2023 $154,215 -8.2%
2024 $163,137 -2.9%
2025 $168,000 0.0%

Graph: estimated home values in Forbes over time (USD)



Example: 100% financing house in Forbes

Loan amount: $168,000

Interest rate: 6.00%

Fixed monthly payment: $1,007.24

Breakdown in the 1st month:
Interest portion: $840.00  –  Principal portion: $167.24

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $10,023.88 $2,063.06 $165,936.94
2 $9,896.63 $2,190.30 $163,746.64
3 $9,761.54 $2,325.40 $161,421.24
4 $9,618.12 $2,468.82 $158,952.41
5 $9,465.84 $2,621.09 $156,331.32
6 $9,304.18 $2,782.76 $153,548.56
7 $9,132.55 $2,954.39 $150,594.17
8 $8,950.33 $3,136.61 $147,457.56
9 $8,756.87 $3,330.07 $144,127.48
10 $8,551.47 $3,535.46 $140,592.02
11 $8,333.41 $3,753.52 $136,838.49
12 $8,101.91 $3,985.03 $132,853.46
13 $7,856.12 $4,230.82 $128,622.64
14 $7,595.17 $4,491.77 $124,130.87
15 $7,318.13 $4,768.81 $119,362.06
16 $7,024.00 $5,062.94 $114,299.12
17 $6,711.73 $5,375.21 $108,923.90
18 $6,380.19 $5,706.74 $103,217.16
19 $6,028.22 $6,058.72 $97,158.44
20 $5,654.53 $6,432.41 $90,726.02
21 $5,257.79 $6,829.15 $83,896.88
22 $4,836.58 $7,250.36 $76,646.52
23 $4,389.40 $7,697.54 $68,948.98
24 $3,914.63 $8,172.31 $60,776.67
25 $3,410.58 $8,676.36 $52,100.31
26 $2,875.44 $9,211.50 $42,888.81
27 $2,307.29 $9,779.64 $33,109.16
28 $1,704.11 $10,382.83 $22,726.33
29 $1,063.72 $11,023.22 $11,703.11
30 $383.83 $11,703.11 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Forbes, MN


1500 sqft3900 sqft
Ø selling price$254,101$540,540
Ø fast selling$231,001$486,487
Ø high price sale$277,200$594,594

In 2026, houses in Forbes, MN will be offered at an average price of $140 per square foot. A 1,500 sqft home priced at $254,101 is 24.10% more expensive per square foot than a 3,900 sqft home priced at $540,540. Home prices in Forbes, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $374,221. Sellers who can wait longer may achieve a higher price of up to $457,381.

FAQ – Home Values in Forbes

What is the median home value in Forbes in 2026?

In 2026, the typical home value in Forbes is about $168,000 for an average home size of 1207 square feet. This corresponds to an average price of roughly $140 per square foot.

What is the average cost per square foot in Forbes?

In 2026, homes in Forbes sell for an average of around $140 per square foot, with a typical range between $49 and $49 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Forbes is about 1207 square feet, with an estimated 2026 value around $168,000.



Locations close to Forbes, MN

Gilbert, MN123 $ / ft²
Goodland, MN138 $ / ft²
Grand Rapids, MN152 $ / ft²
Floodwood, MN275 $ / ft²
Finlayson, MN241 $ / ft²
Eveleth, MN104 $ / ft²
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