Home prices
The value of the median home in Folsom is $163,700. This is approximately $8,960 (5%) higher in comparison to its nearby areas.In comparison to the rest of the nation it is about $53,800 (24%) lower, and it is roughly $67,800 (29%) lower compared to the city of New Orleans.
Rents
Folsom's median rent is $922 per month. This is roughly $73 (8%) higher compared to its nearby areas.Compared to the US as a whole it is about $140 (13%) lower, and compared to the city of New Orleans it is roughly $76 (7%) lower.
Nearby places
Covington
Covington is approximately 12 miles south from Folsom. Its real estate prices are a little more expensive. The median home in Covington costs $232,900, which is $69,200 (29%) higher than Folsom. The rent there is similar. Covington's median rent is $959 a month, which comes out to $37 (3%) higher than Folsom.
Abita Springs
Abita Springs is about 14 miles southeast of Folsom. Real estate prices there are a bit more expensive. The median home in Abita Springs is valued at $198,900, which works out to $35,200 (17%) higher than Folsom. Rent there is a bit more expensive. Abita Springs's median monthly rent is $1,121, which is $199 (17%) higher than Folsom.
Sun
Sun is roughly 15 miles east of Folsom. Its housing prices are a lot less expensive. Sun's median home price is $87,900, which comes out to $75,800 (86%) lower than Folsom. The rent there is a lot less expensive. Sun's median monthly rent is $644, which works out to $278 (43%) lower than Folsom.
Tickfaw
Tickfaw is roughly 16 miles west from Folsom. Real estate prices there are somewhat less expensive. Tickfaw's median home value is $138,200, which comes out to $25,500 (18%) lower than Folsom. Its rents are somewhat less expensive. In Tickfaw the median rent is $813 per month, which is $109 (13%) lower than Folsom.
Independence
Independence is about 16 miles west of Folsom. Housing prices there are significantly less expensive. The cost of the median home in Independence is $115,800, which comes out to $47,900 (41%) lower than Folsom. The rent there is a little less expensive. The median rent in Independence is $709 a month, which works out to $213 (30%) lower than Folsom.
