The housing market in Folsom, NM (88419) is doing quite well compared to the national average. The median value of a house in Folsom is $141,100, which is significantly lower than the US median value of $338,100. Additionally, while nationwide house appreciation was 8.27% over the past year, homes in Folsom appreciated 9.54%, meaning that prices have increased more quickly than elsewhere. This makes Folsom an attractive place for homebuyers who want to get more bang for their buck when it comes to real estate investments.
The median home cost in Folsom (zip 88419) is $141,100. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Folsom (zip 88419) is up 12.5%.
Average Age of Homes
- The median age of Folsom (zip 88419) real estate is 30 years old
The Rental Market in Folsom (zip 88419)
- Renters make up 6.1% of the Folsom (zip 88419) population
- 0.0% of houses and apartments in Folsom (zip 88419), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.