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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 $264,454, lower than the Pennsylvania average of $288,156.
The average cost of rent is $1,279/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. In Folsom, 11.73% of households rent, and 37.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $9,051 per month. Households that rent pay about 14.13% of their income on rent here. Folsom’s most expensive areas are in the northwestern 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
- Rutledge, PA: higher priced homes
- Ridley Park, PA: equally priced homes
- Swarthmore, PA: higher priced homes
- Prospect Park, PA: equally priced homes
- Morton, PA: higher priced homes
- Holmes, PA: equally priced homes
- Woodlyn, PA: equally priced homes
- Norwood, PA: less expensive homes
- Crum Lynne, PA: less expensive homes
- Glenolden, PA: less expensive homes
Cities with Similar Populations
- Quitman, GA: less expensive homes
- Ranson, WV: equally priced homes
- Ranchos de Taos, NM: higher priced homes
- Ranchettes, WY: higher priced homes
- Ramseur, NC: less expensive homes
- Ramblewood, NJ: higher priced homes
- Ralston, NE: less expensive homes
- Rainsville, AL: less expensive homes
- Raiford, FL: less expensive homes
- Raritan, NJ: higher priced homes
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