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 a population of 793, 293 total housing units (homes and apartments), and a median house value of $306,728, Folsom real estate is some of the most expensive in Louisiana, although Folsom home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Folsom, accounting for 70.94% of the village's housing units. Other types of housing that are prevalent in Folsom include mobile homes or trailers ( 13.11%), large apartment complexes or high rise apartments ( 11.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.56%).
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 70.65% of Folsom's homes, and 60.40% have either three or four bedrooms, which is average sized relative to America.
Folsom homes and real estate are some of the newest in America. 47.01% of Folsom's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Folsom real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.74%), and between 1940-1969 ( 9.40%).
Vacant housing appears to be an issue in Folsom. Fully 16.52% of the housing stock is classified as vacant. Left unchecked, vacant Folsom homes and apartments can be a drag on the real estate market, holding Folsom real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Folsom, where house values have increased just 45.82%, which is annualized rate of 3.84%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
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 1.63%, 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 -0.81%, which equates to an annual appreciation rate of -3.20%.
Notably, Folsom's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Folsom's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.
$306,728
for Louisiana
for nation
293
$938 / per month