Foreclosures in Forest Oaks, NC

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Home Value Estimator For Forest Oaks, NC

There are currently 8 real estate properties in Forest Oaks, NC, with a median automated valuation model (AVM) price of $85,912.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Forest Oaks, NC, 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 Forest Oaks, NC, is $89,221.00, with the most expensive house in Forest Oaks, NC, topping out at $191,677.00 and the cheapest home in Forest Oaks, NC, clocking in at $32,320.00. In other words, there’s something for every potential homebuyer or savvy investor in Forest Oaks, NC!

Rent Prices In Forest Oaks, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Forest Oaks, NC, is on a rollercoaster ride. The average rent price in Forest Oaks, NC, is $861.00. Indeed, when looking to rent in Forest Oaks, NC, you can expect to pay as little as $640.00 or as much as $1,040.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in Forest Oaks, NC -- 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.

Top Reasons To Live In Forest Oaks, NC In 2024

Forest Oaks is located in Guilford, North Carolina, with an estimated municipal population of 4,108 residents. All of the best foreclosed homes for sale in Forest Oaks are located in the following zip code areas on 27406 27419. The estimated population per square kilometer (.62 miles) in Forest Oaks is 330.

Cost Of Living In Forest Oaks, NC

So, about how much do homes cost in Forest Oaks? The most recent median value of resident-owned homes in Forest Oaks is 258,042. An estimated 94 percent of households in Forest Oaks own their homes, with an average family size of 3.13. The median household income in Forest Oaks is 94,974, with46.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Forest Oaks, the median commute time of resident workers (in minutes) is 24.8. And last, but certainly not least, are you looking for homes to rent in Forest Oaks? If so, the average rent price paid by renters in Forest Oaks is 1,202, according to recent statistics.

Diversity And Demographics In Forest Oaks, North Carolina

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Forest Oaks, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Forest Oaks is 48.4, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Forest Oaks is 63.8, with an average family size of 3.13.

The percentage of residents who report their race in Forest Oaks is as follows:

White 85.2%
Black / African American 10.2%
Asian 0.6%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.8%
Other 1.2%

Looking for family-friendly neighborhoods in and/or near Forest Oaks? Or maybe you are searching for 55+ active adult communities in and/or near Forest Oaks?

The percentage of residents who report their age in Forest Oaks is as follows:

Under 10 9.7%
Aged 10-19 12.9%
20s 7.4%
30s 10.7%
40s 12.9%
50s 14.6%
60s 15.2%
70s 11.3%
80+ 5.3%

Best Schools In Forest Oaks, North Carolina

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Forest Oaks with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Forest Oaks.

Pros And Cons Of Living In Forest Oaks, North Carolina

How do you know that living in -- or moving to -- Forest Oaks is right where you need to be? Perhaps you grew up in Forest Oaks or already live nearby; therefore, the decision to buy a home in Forest Oaks is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Forest Oaks for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Forest Oaks:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Forest Oaks.

Reasons To Move To Forest Oaks, North Carolina, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Forest Oaks can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Forest Oaks, meanwhile, can field multiple offers from more qualified buyers.

Forest Oaks, NC Foreclosures


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