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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 $280,404, lower than the New Jersey average of $496,577.
The average cost of rent is $1,683/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. In Folsom, 7.71% of households rent, and 32.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $9,502 per month. Households that rent pay about 17.71% of their income on rent here. Folsom’s most expensive areas are in the central 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
- Collings Lakes, NJ: less expensive homes
- Newtonville, NJ: less expensive homes
- Penny Pot, NJ: less expensive homes
- Winslow, NJ: equally priced homes
- Hammonton, NJ: higher priced homes
- Pancoast, NJ: less expensive homes
- Da Costa, NJ: higher priced homes
- Victory Lakes, NJ: less expensive homes
- Landisville, NJ: higher priced homes
- Buena, NJ: less expensive homes
Cities with Similar Populations
- Clayton, MI: less expensive homes
- Clarks, LA: less expensive homes
- Worthington Hills, KY: equally priced homes
- Brierfield, AL: less expensive homes
- Milton, NC: less expensive homes
- West Point, KY: less expensive homes
- Millmont, PA: less expensive homes
- Miller, MO: less expensive homes
- Traphill, NC: less expensive homes
- Metlakatla, AK: less expensive homes
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