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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 $261,000, higher than the Kentucky average of $219,615.
The average cost of rent is $843/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. In Folsom, 12.36% of households rent, and 64.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $6,914 per month. Households that rent pay about 12.19% of their income on rent here. Folsom’s most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elliston, KY: equally priced homes
- Jonesville, KY: equally priced homes
- Zion Station, KY: less expensive homes
- Glencoe, KY: less expensive homes
- Mount Zion, KY: less expensive homes
- Napoleon, KY: less expensive homes
- Dry Ridge, KY: less expensive homes
- Stewartsville, KY: equally priced homes
- Sherman, KY: less expensive homes
- Sparta, KY: less expensive homes
Cities with Similar Populations
- Lanesville, VA: equally priced homes
- Locust Ridge, OH: less expensive homes
- Littleton, WV: less expensive homes
- Little Shasta, CA: equally priced homes
- Linndale, OH: less expensive homes
- Letcher, AL: less expensive homes
- Lehigh, KS: equally priced homes
- Legareville, SC: higher priced homes
- Leesville, OH: less expensive homes
- Ledbetter, NC: less expensive homes
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