Folsom, California Real Estate & Housing Market

Folsom, CA Listings

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Folsom Housing Information

Index	Folsom	California	National
Median home price	$433,300	$409,300	$184,700
Median rent asked	$1,465	$1,297	$949
Avg. people per household	2.5	3.0	2.6
Owner occupied households	69.0%	54.1%	63.6%
Renter occupied households	31.0%	45.9%	36.4%

Above is a snapshot look at the real estate market in Folsom, CA. In Folsom, CA, the median house price is $433,300, making the price 6% higher than that the average for California. Therefore, the affordability of Folsom, CA area real estate is less affordable than the real estate in other areas of California. In addition, Folsom, CA has a median rent price of $1,465; this price is 13% higher than that the average rental price for California. 69.0% of residents in Folsom, CA are homeowners, and the average amount of people who reside in each home is 2.5. Folsom, CA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Folsom, CA real estate for sale.

Folsom Home Affordability

When looking for real estate in Folsom, CA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Folsom, CA, the median price of a home is $433,300 and $102,692 is the median household income. This means that the home price to income ratio is 4.2x, a ratio that is 34% lower than the average in California. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Folsom, CA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Folsom, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
McClellan Park, CA	1,093	$0	100%
Cold Springs CDP (Tuolumne County), CA	125	$0	100%
North Highlands, CA	46,841	$157,600	15%
Florin, CA	49,486	$165,000	11%
Foothill Farms, CA	33,384	$171,300	7%
Folsom, CA	74,960	$433,300	135%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lake Charles, LA	75,044	$135,000	27%
Plymouth, MN	75,105	$310,900	68%
Bethlehem, PA	75,110	$168,900	9%
Pharr, TX	75,172	$73,600	60%
Wyoming, MI	74,692	$100,600	46%
Folsom, CA	74,960	$433,300	135%

Source: The Folsom, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).