The 6.95 hectare forest is rich in biodiversity. Ranibari Community Forest is a mixed forest spread across an elevation ranging from 1300 – 1400 m with a southern aspect slope. A 2006 study on plant community showed that the forest was floristically rich with a total of 108 species belonging to 58 families and 92 genera.

The upper canopy is predominated by dense clumps of bamboos and tree species of regional flora such as हाडे वयर Haade Bayar (Zizyphus incurva), जुरे मयल Jure Mayal (Stranvaesia nussia), महिलो काउलो Mahilo kaulo (Persea duthiei), मौवा Mauwa Engelhardtia spicata, खरी Khari Celtis australis, and चिलाउने ChilauneSchima wallichii.

Ranibari Community Forest is a habitat for more than a hundred types of birds according to the observations from various contributors and is a popular destination for birdwatchers. There is a bird checklist available on which is based on observations of many contributors.

Several mammals also reside in the forest including Golden Jackals, mongooses, squirrels, and other small mammals.