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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 83,269 people, 28,298 houses or apartments, and a median cost of homes of $1,083,674, 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 72.69% of the city's housing units. Other types of housing that are prevalent in Folsom include large apartment complexes or high rise apartments ( 17.70%), duplexes, homes converted to apartments or other small apartment buildings ( 3.65%), and a few row houses and other attached homes ( 3.54%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Folsom. Owner-occupied housing accounts for 65.10% of Folsom's homes, and 65.75% have either three or four bedrooms, which is average sized relative to America.
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 ( 37.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.48%). There's also some housing in Folsom built before 1939 ( 1.37%).
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 131.31% over the last ten years, which is an average annual home appreciation rate of 8.75%, 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.
Appreciation rates are so strong in Folsom that despite a nationwide downturn in the housing market, Folsom real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Folsom appreciation rates continue to be some of the highest in America, at 31.37%, which is higher than appreciation rates in 99.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Folsom. Folsom appreciation rates in the latest quarter were at 26.45%, which equates to an annual appreciation rate of 155.64%.
Importantly, NeighborhoodScout’s exclusive research found that Folsom's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 90% 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.
$1,083,674
for California
for nation
28,298
$3,516 / per month