Forada, MN
Population 140 · Minnesota
About Forada, MN
Forada is a small community located in Minnesota with a population of 140 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,750 per year, which is 9% below the national median of $75,149. The median age of 60.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Forada features a median home value of $233,300, which is 5% below the national median of $244,900. This positions Forada in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 128 total housing units, 92% are owner-occupied (66 units) and 8% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Forada shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Forada have an average one-way commute time of 35.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
21.2% of Forada residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.4% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Forada, MN
Compared to national averages, Forada has a median household income of $68,750 (9% below the national median of $75,149). Home values average $233,300, which is 5% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Forada's income is 7% below the state average of $74,221, and home values are 14% above the state median of $204,472.
Why Live in Forada, MN?
Forada offers affordable housing with a median home value of $233,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a low poverty rate of 11.4%, better than the national average.
Potential considerations include median household income ($68,750) that falls below the national average. However, Forada’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Forada has a population of 140 with a median age of 60.5 years. Compare Forada with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Forada
What is the population of Forada, MN?
The population of Forada, MN is 140 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Forada?
The median household income in Forada, MN is $68,750 per year, which is 9% below the national median of $75,149.
What is the median home value in Forada?
The median home value in Forada, MN is $233,300, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Forada?
The median monthly rent in Forada, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Forada?
The unemployment rate in Forada, MN is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Forada, MN a good place to live?
Forada offers a moderate cost of living, affordable housing, and a strong job market. With a population of 140 and a median age of 60.5, the city appeals to established professionals and retirees.
How educated is Forada, MN?
21.2% of residents in Forada aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Forada?
Key cost-of-living indicators for Forada, MN: median home value is $233,300 (5% below national), median rent is $0/month, and median household income is $68,750. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Forada?
The poverty rate in Forada, MN is 11.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Forada, MN?
Forada's population is 1.4% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.1% two or more races. 0.7% of residents are foreign-born.