There are currently 1,463 real estate properties in Folsom, LA, with a median automated valuation model (AVM) price of $254,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Folsom, LA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Folsom, LA, is $298,515.00, with the most expensive house in Folsom, LA, topping out at $4,112,400.00 and the cheapest home in Folsom, LA, clocking in at $58,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Folsom, LA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Folsom, LA, is on a rollercoaster ride. The average rent price in Folsom, LA, is $1,584.00. Indeed, when looking to rent in Folsom, LA, you can expect to pay as little as $700.00 or as much as $3,420.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Folsom, LA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Folsom, LA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Folsom, LA and much more. Save thousands at closing with home foreclosure listings in Folsom, LA — up to 75% off market value!
Folsom is located in St. Tammany, Louisiana, with an estimated municipal population of 862 residents. All of the best foreclosed homes for sale in Folsom are located in the following zip code areas on Foreclosure.com: 70437. The estimated population per square kilometer (.62 miles) in Folsom is 199.
So, about how much do homes cost in Folsom? The most recent median value of resident-owned homes in Folsom is 150,677. An estimated 59.9 percent of households in Folsom own their homes, with an average family size of 3.47. The median household income in Folsom is 44,464, with12.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Folsom, the median commute time of resident workers (in minutes) is 33.6. And last, but certainly not least, are you looking for homes to rent in Folsom? If so, the average rent price paid by renters in Folsom is 922, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Folsom, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Folsom is 30, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Folsom is 45.1, with an average family size of 3.47.
The percentage of residents who report their race in Folsom is as follows:
|Black / African American||21%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Folsom? Or maybe you are searching for 55+ active adult communities in and/or near Folsom?
The percentage of residents who report their age in Folsom is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Folsom with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Folsom.
How do you know that living in -- or moving to -- Folsom is right where you need to be? Perhaps you grew up in Folsom or already live nearby; therefore, the decision to buy a home in Folsom is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Folsom for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Folsom:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Folsom.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Folsom can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Folsom, meanwhile, can field multiple offers from more qualified buyers.
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