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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 $111,369, lower than the West Virginia average of $177,366.
The average cost of rent is $592/mo in Folsom, primarily driven by the current value of real estate in the Folsom area. In Folsom, 31.66% of households rent, and 78.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folsom is $3,937 per month. Households that rent pay about 15.05% of their income on rent here. Folsom’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Smithfield, WV: less expensive homes
- Rinehart, WV: higher priced homes
- Margaret, WV: higher priced homes
- Pine Grove, WV: higher priced homes
- Wallace, WV: higher priced homes
- Coburn, WV: less expensive homes
- Deep Valley, WV: higher priced homes
- Center Point, WV: higher priced homes
- Dale, WV: less expensive homes
- Jacksonburg, WV: less expensive homes
Cities with Similar Populations
- Little Rock, AL: higher priced homes
- Sadler, TN: higher priced homes
- Ruthsburg, MD: higher priced homes
- Roebuck, VA: higher priced homes
- Meggers, WI: higher priced homes
- Ludlow, ME: higher priced homes
- Lowell, NE: higher priced homes
- Louviers, CO: higher priced homes
- Loop, WV: higher priced homes
- Loomis, SD: higher priced homes
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