Latest snapshot: the three months ending August 2026
The city's median sale price fell 5.1% from a year earlier, one of the steeper year-over-year declines in the region, while the number of homes sold rose sharply.
The City Council overhauled the incentives it offers builders who include affordable housing and greenlit two projects on historic Sutter Street, including the mixed-use Sutter Lofts.
The City Council approved a land purchase near Lakeside Church using the city's dedicated housing fund and set in motion a special tax district to build public infrastructure in the growing Folsom Heights neighborhood.
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.