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Foreclosure Homes in Forbes, MN

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Forbes, MN Foreclosures

Current Market Conditions in Forbes, MN as of October 2026?
Home values: -4.81% MoM; rent: +0.00% MoM.
How much do homes sell for in Forbes, MN?
The average home price is currently $207,436.
In Forbes, MN, how many homes are available?
There are currently 324 active home listings available in Forbes.
What’s the average rental cost in Forbes, MN?
The average rental price in Forbes is $1,136.
What is the most expensive home in Forbes?
The most expensive home sold in Forbes had a price of $597,306.
What is currently the cheapest priced home in Forbes, MN?
The cheapest home for sale in Forbes is priced at $32,749.

Living in Forbes, MN

Forbes, MN is a quiet rural Iron Range community with affordable housing, wooded acreage, and access to nearby Virginia, Eveleth, Mountain Iron, and Hibbing. It can suit investors seeking small-town and rural rental opportunities with strong attention to property condition, utilities, winter access, and local service availability.

Buyer vs Seller Market in Forbes, MN

Median home value: $181,472 as of 2026-10-14.

Median rent: $1,120 as of 2026-10-14.

Home values: -4.81% MoM, -6.57% YoY.

Rent: +0.00% MoM, -1.75% YoY.

Home Value Estimator For Forbes, MN

There are currently 101 real estate properties in Forbes, MN, with a median automated valuation model (AVM) price of $181,472.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Forbes, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Forbes, MN, is $207,436.00, with the most expensive house in Forbes, MN, topping out at $597,306.00 and the cheapest home in Forbes, MN, clocking in at $32,749.00. In other words, there’s something for every potential homebuyer or savvy investor in Forbes, MN!

Rent Prices In Forbes, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Forbes, MN, is on a rollercoaster ride. The average rent price in Forbes, MN, is $1,136.00. Indeed, when looking to rent in Forbes, MN, you can expect to pay as little as $590.00 or as much as $1,760.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Forbes, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Forbes, MN Foreclosures


Market Trend for Forbes, MN

Total Listings Available: 324

Market Values:

Home Prices from $32,749 to $597,306

Average Sales Price: $207,436

Rental Values:

Rental from $590 to $1,760

Average Rent Value: $1,136 / month

Forbes market snapshot

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