Folsom, MN is a wonderful place to live with an affordable housing market compared to other areas in the United States. The median value of a house in Folsom is $159,600, which is significantly lower than the US median value of $338,100. In addition to being more affordable, the 1 year appreciation rate for houses in Folsom is also higher than that of the US average; 13.39% compared to 8.27%. This makes it an attractive option for anybody looking to buy or invest in real estate in this area.
The median home cost in Folsom is $159,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Folsom is up 12.6%.
Average Age of Homes
- The median age of Folsom real estate is 44 years old
The Rental Market in Folsom
- Renters make up 2.3% 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.