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Affordable
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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 $157,111, lower than the New Mexico average of $265,486.
The average cost of rent is $763/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. In Folsom, 23.39% of households rent, and 76.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $5,850 per month. Households that rent pay about 13.04% 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
- Capulin, NM: equally priced homes
- Des Moines, NM: equally priced homes
- Raton, NM: less expensive homes
- North Colfax Union, NM: higher priced homes
- Kenton, OK: less expensive homes
- Wheeless, OK: less expensive homes
- Boise City, OK: less expensive homes
- Ventero, NM: higher priced homes
- Red River, NM: higher priced homes
- Amalia, NM: higher priced homes
Cities with Similar Populations
- Quaker Hill, NY: higher priced homes
- North Fryeburg, NH: higher priced homes
- North Gainesville, NY: less expensive homes
- North Hatfield, MA: higher priced homes
- North Kent, CT: higher priced homes
- Nortonville, ND: less expensive homes
- Norway Ridge, WI: equally priced homes
- Norwood, VA: higher priced homes
- Nugent, MS: higher priced homes
- Ohio City, CO: higher priced homes
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