Folsom, NJ is a desirable place to live due to its affordable housing options. The median housing value in Folsom is $227,000, significantly less than the US median housing value of $338,100. This makes it an attractive option for those looking to purchase a home. In addition, the one year appreciation rate in Folsom is 15.62%, outpacing the 1 year US appreciation rate of 8.27%. This indicates that homes in Folsom are growing in value at a faster rate than homes nationally. This appreciation makes it a great investment opportunity for potential buyers. With its low median value compared to the national average and higher appreciation rates, Folsom is an appealing place to buy a home.
The median home cost in Folsom is $227,000. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Folsom is up 18.1%.
Average Age of Homes
- The median age of Folsom real estate is 45 years old
The Rental Market in Folsom
- Renters make up 11.8% of the Folsom population
- 0.0% 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.