Folsom, CA is a great place to live with a median housing value of $723,000. This is more than double the national median value of $338,100. Although appreciation in Folsom has increased over the past year at 3.56%, this is still below the national rate of 8.27%. This indicates that Folsom is a desirable community for those looking to invest in real estate because it offers a relatively low appreciation rate while still being higher than the national median value.
The median home cost in Folsom is $723,000. Home appreciation the last 10 years has been 147.6%. Home Appreciation in Folsom is up 9.7%.
Average Age of Homes
- The median age of Folsom real estate is 22 years old
The Rental Market in Folsom
- Renters make up 30.7% of the Folsom population
- 1.1% of houses and apartments in Folsom, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.