Folsom, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Folsom Housing Market Information

With 81,328 people, 27,285 houses or apartments, and a median cost of homes of $610,644, 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 73.16% of the city's housing units. Other types of housing that are prevalent in Folsom include large apartment complexes or high rise apartments ( 16.21%), row houses and other attached homes ( 3.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.84%).

The most prevalent building size and type in Folsom are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.95% owning and 35.05% renting.

There is a lot of housing in Folsom built from 1970 to 1999 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 between 2000 and later ( 34.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.36%).

Folsom Home Appreciation Rates

In the last 10 years, Folsom has experienced some of the highest home appreciation rates of any community in the nation. Folsom real estate appreciated 63.82% over the last ten years, which is an average annual home appreciation rate of 5.06%, putting Folsom in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Folsom definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Folsom's appreciation rate, at 3.92%, has been at or slightly above the national average. In the latest quarter, Folsom's appreciation rate has been 1.66%, which annualizes to a rate of 6.81%.

Relative to California, our data show that Folsom's latest annual appreciation rate is lower than 50% 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 2000, to assist you in making the best Folsom real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$610,644

Folsom, CA HOME PRICES

> $1,227,000
1.5%
1.5%
$921,001 - $1,227,000
5.1%
5.1%
$614,001 - $921,000
39.2%
39.2%
$491,001 - $614,000
29.2%
29.2%
$368,001 - $491,000
16.2%
16.2%
$245,001 - $368,000
4.8%
4.8%
$123,001 - $245,000
1.4%
1.4%
$61,001 - $123,000
1.1%
1.1%
$0 - $61,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
27,285

Folsom Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
115.44% 3.77%
5
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,449 / per month

Homeownership Rate

Owners
65.0%
65.0%
Renters
35.0%
35.0%
Vacant
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
34.3%
34.3%
1970 - 1999
58.4%
58.4%
1940 - 1969
6.4%
6.4%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.2%
73.2%
Townhomes
3.9%
3.9%
Small Apt. Buildings
3.8%
3.8%
Apt. Complexes
16.2%
16.2%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
8.2%
8.2%
2 Bedrooms
18.0%
18.0%
3 Bedrooms
34.2%
34.2%
4 Bedrooms
30.3%
30.3%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES