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These days, finding an affordable place to live in the Folsom area can be challenging. Home prices in Folsom are now at a median cost of $775,351, lower than the California average of $812,006.
The average cost of rent is $2,583/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. In Folsom, 30.24% of households rent, and 26.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $13,728 per month. Households that rent pay about 18.82% of their income on rent here. Folsom’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- El Dorado Hills, CA: higher priced homes
- Orangevale, CA: less expensive homes
- Granite Bay, CA: higher priced homes
- Gold River, CA: equally priced homes
- Fair Oaks, CA: less expensive homes
- Citrus Heights, CA: less expensive homes
- Rescue, CA: higher priced homes
- Cameron Park, CA: less expensive homes
- Rancho Cordova, CA: less expensive homes
- Loomis, CA: higher priced homes
Cities with Similar Populations
- West Valley City, UT: less expensive homes
- Washington, DC: less expensive homes
- Walnut Creek, CA: higher priced homes
- Waco, TX: less expensive homes
- West Lafayette, IN: less expensive homes
- Waldorf, MD: less expensive homes
- Watsonville, CA: equally priced homes
- Wake Forest, NC: less expensive homes
- Wichita, KS: less expensive homes
- Waterbury, CT: less expensive homes
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