According to statistics, the population in Folsom, CA amounts to 75,897, which shows growth 1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $106,718, shifting growth 4% from the past year, and the average property value in Folsom, CA growth 5% to $456,600 throughout the year.
|Number Of Employees||34,320|
|Median Property Value||$456,600|
The average household income in Folsom, CA grew from $102,692 to $106,718 in the past year. This data is an estimate based upon 26,843 households in Folsom, CA . The chart below presents how household income is distributed in Folsom, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Folsom, CA shifted from $433,300 to $456,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Folsom, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Folsom, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Folsom, CA compared to median property taxes around the country. The prevalent amount of property taxes in Folsom, CA equals $3000, which is less than the national average.
During Dec 2022, the average price for an apartment in/near Folsom, CA decreased by 2.4% to $832,427.
Knowing the current property prices is key if you plan to buy a studio in Folsom, CA. The average price for a studio has increased since the last month, currently being $728,333. Asking price for 2-bed apartment also decreased by 13.5% and a place of this size will now cost you $449,444. A 3-bed apartment goes for $657,905, it decreased by 0.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 6.6% and made it down to $961,792.
The average cost of an apartment in Folsom, CA decreased by 30.7% to $125,000. Price reports demonstrate that house price decreased by 3.4% this month making it up to $859,513. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $528,500. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $429,000.