Latest snapshot: the three months ending August 2026
The Oct. 27 Folsom City Council agenda includes final maps that could turn planned neighborhoods south of Highway 50 into sellable lots, a financing agreement for Southpointe at Folsom Ranch, and revised fees for simple home-improvement permits.
The Oct. 13 agenda included the final vote on a revised contract for the Railroad Block development downtown, fee credits and design approval for the Granite House project, and a consultant hire to rewrite Folsom's zoning rules. A fee update for the city's largest growth area was postponed to December.
The City Council rewrote a key state-mandated housing incentive, changed the terms for a downtown redevelopment project, set up a new tax district for Folsom Heights, and mapped out its housing priorities for the next two years.
A 0.42-point rate increase adds $170 a month to the payment on a median-priced Folsom home — well above the hit landing in most nearby cities.
The typical Folsom rent reached $2,627 in August, up 4.2% over the past year, though local households still spend well below the rent-burden threshold.
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.