Biltmore Forest was created by developers in the 1920s from 1500 acres of George Vanderbilt's land. Listed in the 1990 census as the state's richest municipality, Biltmore Forest has no sidewalks, traffic lights, main street, or stores. Original lots were three to five acres, and the cost of a house was between $7,500 and $25,000. The town now has 1,500 residents and 640 homes. In 1999, the last lots sold for an average price of $250,000.