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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 $243,446, lower than the Georgia average of $324,634.
The average cost of rent is $1,257/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. In Folsom, 16.27% of households rent, and 48.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $6,964 per month. Households that rent pay about 18.04% of their income on rent here. Folsom’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Farmville, GA: less expensive homes
- Pleasant Valley, GA: higher priced homes
- Adairsville, GA: equally priced homes
- Rydal, GA: higher priced homes
- Funkhouser, GA: less expensive homes
- Fairmount, GA: less expensive homes
- Lily Pond, GA: less expensive homes
- Calhoun, GA: equally priced homes
- Ryo, GA: less expensive homes
- White, GA: higher priced homes
Cities with Similar Populations
- St. Libory, NE: equally priced homes
- Greensburg, KS: less expensive homes
- Grethel, KY: less expensive homes
- Guernsey, CA: higher priced homes
- Hanover, KS: less expensive homes
- Hewitt, MN: less expensive homes
- Homer, NE: less expensive homes
- Somerset Center, MI: equally priced homes
- South Butler, MI: less expensive homes
- Grand Junction, IA: less expensive homes
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