Folsom’s typical rent rose $79 over the year to a record $2,655
The typical Folsom rent reached $2,655 in June, up $79 from a year earlier, though local incomes keep the market well short of rent-burdened territory.
Latest snapshot: the three months ending June 2026
The typical Folsom rent reached $2,655 in June, up $79 from a year earlier, though local incomes keep the market well short of rent-burdened territory.
Home sales in Folsom jumped nearly 25% from a year ago even as prices eased, keeping the market firmly tilted toward sellers despite a slightly slower pace.
The typical Folsom rent reached $2,669 in May, the highest level Zillow has recorded for the city, though the year-over-year pace remains modest.
At its June 23 meeting, the Folsom City Council greenlit a new Toll Brothers housing development, committed $1.55 million to acquire land for the city's affordable housing fund, and renewed a four-year partnership that channels federal housing dollars into local programs.
Sales rose sharply year-over-year even as prices eased, with 246 homes changing hands in the three months ending May 2026 versus 207 a year earlier.
The City Council pushed a decision on a new Toll Brothers small-lot neighborhood to June 23, gave final approval to an annual special tax in Alder Creek West, and locked in $200,000 for free home repairs for low-income seniors.
A 0.35-point climb in the 30-year fixed rate adds $139 to the monthly payment on a median-priced Folsom home — a steeper bite than peer cities are absorbing.
Median rents in Folsom rose modestly over the past year, but high local incomes keep the typical renter spending just 22% on housing — well below the 30% burden threshold.
Sales jumped more than 22% year-over-year in the three months ending April, even as inventory expanded and homes took a day longer to find buyers.
The City Council created Community Facilities District No. 24, a special taxing zone covering the Alder Creek West development, allowing the city to sell bonds repaid by future homeowners through annual special taxes on their property bills.