Home Price Key
Affordable
Average
Expensive
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 $145,613, lower than the New Mexico average of $199,923.
The average cost of rent is $942/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. While nearly 57.96% of residents own their homes outright in Folsom, 29.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $4,236 per month. Households that rent pay about 22.25% of their income on rent here. Folsom's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
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: equally priced homes
- Norway Ridge, WI: less expensive homes
- Norwood, VA: equally priced homes
- Nugent, MS: less expensive homes
- Ohio City, CO: higher priced homes
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