Home ValuePros

Market Intelligence · MN / Forbes

Forbes, MN 55738 Housing Market

The typical home value in Forbes, MN 55738 is $208,241, up 7.9% over the past year. The median list price sits at $240,000, with homes taking 84 days on market.

Updated August 2026Median value$201K

The median home value in Forbes, MN 55738 is $201K as of August 2026, up 7.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 55738 range

$185K to $217K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+7.0% over 12 months

Typical home value in 55738 over the last 12 months: $188K in Aug 2025 to $201K in Aug 2026 (+7.0%).

Aug 2025$188K

Aug 2026$201K

The numbers

What is the 55738 housing market like?

Typical home value

$201K

Up7.0%YoY

Median list price

$240K

Down3.5%MoM

Days on market

84

Up58.5%MoM

Homes for sale

4

Flat0.0%MoM

Price cuts

100.0%

New listings

0

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

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The comparison

How do 55738 home prices compare?

  • 55738$200,948
  • Forbes$200,948
  • Minnesota$300,428
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Forbes: 1 ZIPs; Minnesota: 716 ZIPs; United States: 26,265 ZIPs).

Context

There are currently 4 homes for sale in Forbes, and no new listings have arrived recently. Every listing on the market has seen a price cut, suggesting seller expectations have adjusted downward from initial ask. The median time to sell is 84 days. For sellers, this combination of limited inventory activity and universal price reductions signals a market where patience and realistic pricing are essential.

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