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Forada, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
161
Population
$80,500
Median Income
$288,600
Home Value
52.3
Median Age

Demographics

Forada has a population of 161 with a median age of 52.3. Here is the racial and ethnic breakdown of the population:

White
95.0%
Black
2.5%
Other
1.3%
Hispanic
1.2%
Demographic Value
Total Population161
Median Age52.3
White95.0%
Black or African American2.5%
Hispanic or Latino1.2%
Other / Two or More Races1.3%
Forada, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.0%Black: 2.5%Other: 2.5%161PopulationWhiteWhite95.0%BlackBlack2.5%OtherOther2.5%

Income & Economy

The median household income in Forada is $80,500, which is 0.1% below the national median of $80,610. The per capita income is $49,080. The poverty rate is 7.5%.

$80,500
Median Household Income
$49,080
Per Capita Income
7.5%
Poverty Rate

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Education

In Forada, 96.1% of residents age 25+ have a high school diploma or higher, and 18.8% hold a bachelor's degree or higher (12.5% with a graduate or professional degree).

HS Diploma+
96.1%
Bachelor's+
18.8%
Graduate+
12.5%
Education Level % of Adults (25+)
High School Diploma or Higher96.1%
Bachelor's Degree or Higher18.8%
Graduate or Professional Degree12.5%

Housing

The median home value in Forada is $288,600, below the national median of $303,400. The median monthly rent is $1,094. The homeownership rate is 85.9%.

$288,600
Median Home Value
$1,094/mo
Median Rent
85.9%
Homeownership Rate
Housing Metric Value
Median Home Value$288,600
Median Monthly Rent$1,094
Homeownership Rate85.9%
Vacancy Rate46.2%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Forada, Minnesota?
The population of Forada, Minnesota is 161 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Forada, Minnesota?
The median household income in Forada, Minnesota is $80,500. This is 0.1% below the national median of $80,610.
What is the median home value in Forada, Minnesota?
The median home value in Forada, Minnesota is $288,600. The median monthly rent is $1,094.
What percentage of people in Forada have a college degree?
In Forada, Minnesota, 18.8% of adults age 25 and older hold a bachelor's degree or higher, and 96.1% have a high school diploma or higher.
Is Forada, Minnesota an affordable place to live?
The home price-to-income ratio in Forada, Minnesota is 3.6x (median home value $288,600 vs. median income $80,500), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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