Folsom appreciation rates and housing market information

Folsom housing market information

With 51,912 people, 17,944 houses or apartments, and a median cost of homes of $426,537, real estate costs in Folsom are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

single-family detached homes are the single most common housing type in Folsom, accounting for 74.82% of the city's housing units. Other types of housing that are prevalent in Folsom include large apartment complexes or high rise apartments (13.37%), mobile homes or trailers (4.75%), row houses and other attached homes (3.53%), and a few duplexes, homes converted to apartments, or other small apartment buildings (3.49%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Folsom. Owner-occupied housing accounts for 73.01% of Folsom's homes, and 64.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Folsom built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Folsom built from 1995 and later (29.73%). A lesser amount of the housing stock also hails from 1940-1969 (9.37%), and some were built from 1939 and earlier (9.37%).

Folsom home appreciation rates

Real estate appreciation rates in Folsom have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.36% during the period.

Over the last year, Folsom appreciation rates have trailed the rest of the nation. In the last twelve months, Folsom's appreciation rate has been -15.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Folsom were at 1.77%, which equates to an annual appreciation rate of 7.08%.

Importantly, this makes Folsom one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Folsom's latest annual appreciation rate is higher than 44% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Folsom differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Folsom - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Folsom real estate investment or home purchase decisions.