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Market Intelligence · MN / St. Louis County

Forbes, MN home prices and housing market

1 ZIP market liveData updated September 2026Typical value$194K1-yr changeUp5.3%

The typical home value in Forbes, MN is $194K as of September 2026, up 5.3% from a year ago, based on the Zillow Home Value Index. In the typical Forbes ZIP code, the median list price is $237K and homes spend a median of 128 days on market as of September 2026 (Realtor.com).

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The coverage

Forbes, by the numbers.

Typical home valueZillow ZHVI, September 2026
$194K
1-yr changeMedian across Forbes ZIPs
+5.3%
ZIP markets live
1
County
St. Louis County

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12-month value trend

+5.3% over 12 months

Typical home value in Forbes over the last 12 months: $184K in Sep 2025 to $194K in Sep 2026 (+5.3%).

Sep 2025$184K

Sep 2026$194K

Median Zillow home value index across Forbes's ZIP codes.

Context

Forbes, MN has a tight housing market with only 3 homes for sale as of September 2026. The typical home value is $193,879, up 5.3% over the past year. The median list price sits at $237,450, while homes typically stay on the market for 128 days. Two new listings have recently come available, and none of the current listings have seen price cuts. The small number of homes for sale suggests limited options for buyers, which may work in your favor if you're thinking about selling.

The numbers

What is the housing market like in Forbes, MN?

Typical home value

$194K

Up5.3%YoY

Median list price

$237K

Days on market

128

Homes for sale

3

Price cuts

0.0%

New listings

2

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Forbes's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Forbes, MN home prices over time

Typical home values in Forbes, MN are up 5.3% over the past year, from $184K in September 2025 to $194K in September 2026.

Typical home value in Forbes, MN, September of each year
MonthTypical value1-yr change
September 2026$193,879+5.3%
September 2025$184,124No prior year

Typical value is the median Zillow Home Value Index across Forbes ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Forbes, MN a buyer's or seller's market?

Forbes, MN is roughly balanced between buyers and sellers.

The signals are mixed: relatively few listings have cut their asking price, but homes are taking longer to sell, so pricing and condition matter more than market direction.

Based on a median of 128 days on market and 0% of listings with a price cut in the typical Forbes ZIP code, and 2 new listings against 3 active listings across Forbes, as of September 2026 (Realtor.com).

The outlook

Forbes housing market forecast 2027

+3.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Forbes ZIP code, points to typical home values rising 3.6% by September 2027.

Over the 12 months through September 2026, typical home values in Forbes rose 5.3%, per the Zillow Home Value Index.

Will home prices drop in Forbes?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Forbes shows typical home values rising 3.6% by September 2027, after a 5.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Forbes ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Forbes?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Forbes, MN home prices.

What is the typical home value in Forbes, MN?

As of September 2026, the typical home value in Forbes is $193,879, which has increased 5.3% over the past year.

How long do homes stay on the market in Forbes?

The median days on market for Forbes is 128 days as of September 2026.

How many homes are currently for sale in Forbes?

As of September 2026, there are 3 homes for sale in Forbes, with 2 new listings recently added.

Are home prices going up or down in Forbes, MN?

Typical home values in Forbes, MN are up 5.3% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Forbes, MN a buyer's or seller's market?

Forbes, MN is roughly balanced between buyers and sellers. The signals are mixed: relatively few listings have cut their asking price, but homes are taking longer to sell, so pricing and condition matter more than market direction. Based on a median of 128 days on market and 0% of listings with a price cut in the typical Forbes ZIP code, and 2 new listings against 3 active listings across Forbes, as of September 2026 (Realtor.com).

Nearby markets

More Minnesota housing markets.

The market is moving

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