HomeVirginiaBedford CountyForest
Forest, Virginia: commercial real estate data.
Forest is a Census CDP of 13,430 people across 13.61 square miles of land, in Bedford County. Median household income is $81,552, 75.9 percent of occupied homes are owned, and the SBA record carries 17 7(a) approvals to borrowers here worth $6.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Forest
What Forest is
- Census place typeCDP
- Land area13.61 sq mi
- Water area0.12 sq mi
- Population per square mile of land987
- County holding the largest share of its areaBedford County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Forest
How many people live in Forest
- Population13,430
- Median age39.2
- Population under 182,689
- Share under 1820.0 percent
- Population 65 and over2,764
- Share 65 and over20.6 percent
- Households5,358
- Family households3,464
- Share of households that are families64.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Forest
Income and work in Forest
- Median household income$81,552
- Per capita income$42,177
- Civilian labor force6,612
- Employed6,380
- Unemployed232 plus or minus 134
- Unemployment rate3.5 percent plus or minus 2.0
- Adults 25 and over9,120
- Adults 25 and over with a high school diploma or higher96.0 percent
- Adults 25 and over with a bachelor degree or higher45.6 percent
- Adults 25 and over with a graduate degree23.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Forest
Housing in Forest
- Housing units5,460
- Occupied units5,358
- Vacant units102 plus or minus 108
- Vacancy rate1.9 percent plus or minus 2.0
- Owner occupied4,066
- Renter occupied1,292
- Ownership rate75.9 percent
- Median owner-occupied home value$319,800
- Median gross rent, monthly$1,315
- Annual rent as a share of median income19.3 percent
- Single family units4,063
- Share single family74.4 percent
- Units in buildings of two or more1,321 plus or minus 338
- Share in buildings of two or more24.2 percent plus or minus 6.0
- Mobile homes76 plus or minus 86
- Median year structure built1992
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Forest
How Forest gets to work
- Workers 16 and over who commute5,333
- Commuting under 15 minutes1,353
- Share commuting under 15 minutes25.4 percent
- Commuting 30 minutes or more1,125 plus or minus 269
- Share commuting 30 minutes or more21.1 percent plus or minus 4.5
- Drove alone80.4 percent
- Carpooled3.1 percent plus or minus 1.7
- Public transport0.0 percent
- Walked0.1 percent plus or minus 0.2
- Worked from home15.6 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Forest
SBA loans in Forest (7(a))
- Approvals17
- Gross approval$6,195,200
- Average approval$364,424
- Median approval$300,000
- Largest approval$1,466,600
- Jobs supported135
- Jobs per approval7.9
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more11.8 percent
- Share to franchises5.9 percent
- Distinct lenders13
- Distinct industries by NAICS16
Counted by borrower city: approvals to borrowers whose address is in Forest, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Forest
SBA loans in Forest (504)
- Approvals5
- Gross approval$9,384,000
- Average approval$1,876,800
- Median approval$1,966,000
- Largest approval$2,691,000
- Jobs supported71
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Forest, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Bedford County, not Forest
Bedford County context, not Forest figures
- Establishments in Bedford County1,818
- Covered employment, Bedford County18,602
- Average annual pay, Bedford County$48,340
- Housing units permitted, Bedford County294
Every figure in this section is published for Bedford County as a whole and is not a measurement of Forest.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Forest questions, answered from the record.
How many people live in Forest, Virginia?
13,430, in 5,358 households. Forest CDP covers 13.61 square miles of land, which is 987 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Forest in?
Bedford County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Forest?
$81,552. The median owner-occupied home is valued at $319,800. Median gross rent is $1,315 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Forest businesses?
17 7(a) approvals totaling $6.2 m since FY2020, across 13 lenders, median approval $300,000, plus 5 504 approvals worth $9.4 m since FY2010. These count approvals to borrowers whose address is in Forest, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Forest borrowers get paid back?
No rate is published for Forest. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Forest figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Bedford County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Forest.
Is zoning published for Forest?
No. Nothing on this page presents parcel level zoning.
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