Rent to own Homes in Folsom, CA
Folsom, California, is located in Sacramento County. The city is 22 miles outside of Sacramento. Folsom is surrounded by various communities, such as Loomis, Carmichael, El Dorado Hills and Rancho Cordova. There is also an intricate network of freeways circling the city, including the Interstate I-80 and U.S Route 50.
Folsom, CA is a great place for affordable rent-to-own homes! With a median household income of over $118,006 and a median rent of $1,818, the Folsom, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Folsom, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Folsom, CA Property Resources
Rent to own Homes in Cities Near Folsom, CA
- Arden-Arcade
- Auburn Lake Trails
- Camanche Village
- Cameron Park
- Carmichael
- Citrus Heights
- Clarksburg
- Clay
- Collierville
- Cool
- Diamond Springs
- Dogtown
- Drytown
- El Dorado
- El Dorado Hills
- Elk Grove
- Elverta
- Fair Oaks
- Florin
- Folsom
- Foothill Farms
- Franklin
- Freeport
- Fruitridge Pocket
- Galt
- Gold River
- Granite Bay
- Herald
- Hood
- La Riviera
- Lemon Hill
- Loomis
- Mather
- Mcclellan
- McClellan Park
- Orangevale
- Penryn
- Pilot Hill
- Pleasant Grove
- Rancho Cordova
- Rancho Murieta
- Rescue
- Rio Linda
- Rocklin
- Rosemont
- Roseville
- Sacramento
- Shingle Springs
- Sloughhouse
- Wilton
Neighborhoods in Folsom, CA
American River Canyon rent to own homes Briggs Ranch rent to own homes Broadstone rent to own homes Empire Ranch Village rent to own homes Los Cerros rent to own homes Natoma Station rent to own homes Natomas Heights rent to own homes Prairie Oaks rent to own homes Rancho Diablo rent to own homes The Parkway rent to own homesBuying a Home in Folsom, CA
Folsom, CA is seeing rapid growth and Folsom, CA's' housing market remains not optimal with an average home price that is 157% above the 2024 national average. Folsom, CA is part of Sacramento county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Sacramento is 0.68% which is below the national average, which is 0.99%.
Median Home Price in Folsom, CA
Median Rent in Folsom, CA
Top Reasons to Live in Folsom CA
Housing Statistics In Folsom, the median price of homes for May 13 to July 13 is $394,500, calculated using 434 home sales. In comparison to last year, this statistic indicates a rise of 25.7%. At the same time, home sales rose 32.3%. Price per square foot in Folsom currently averages $198. That's a rise of 23% from last year. There are presently 155 resale and new homes in the city, and another 113 homes that are in auction, owned by the bank or pre-foreclosure. The average listing was $523,849 in the week of August 14, 2003. This indicates an increase of 0.8%. 4.44% of the spaces in Folsom are currently vacant. There are also rent to own options here.
Largest Employers and Industries The largest industries in Folsom include computer and electronic products, public administration, finance services, insurance, scientific services, educational services, construction and healthcare. Some of the biggest employers in the area are as follows: FedEx, Taco Bell, Walgreens, Subway, T-Mobile, Curves, Nike and Jones New York.
Local Shopping Folsom has a plethora of shopping options. The Folsom Historic District is filled with a rich variety of shopping and entertainment opportunities. This part of town goes back to the 1800s, so it combines a wonderful contrast of old and new. Here, shoppers can find many restaurants, pubs, antique stores, clothing stores and art galleries. Highly recommended is Kissed Good Buy on 900 East Bidwell Street for original women's clothing. For something more contemporary, try out some of Folsom's malls. These include the Broadstone Mall, Willow Creek Town Center, Folsom Shopping Center, Folsom Lake Shopping Center and Commonwealth Square.
Nightlife The nightlife in Folsom is lively and rich in variety. For some great evenings out, locals will often visit the Cellar Wine and Cheese Bar on 727 Sutter Street, the Folsom Beer Garden Pub on 6608 Folsom-Auburn Road, the FLB Sports Bar on 511 Bidwell Street and the Lockdown Brewing Company, found on 718 Sutter Street Suite 200. For after-hours partying, Sutter Club on 720 Sutter Street and Scarlet's on 614 Sutter Street offer drinks, music and dancing.
Local Sports For sports, Folsom has some interesting options to check out. Among these is the annual Folsom Rodeo. This happens every 4th of July and includes a picnic, concert and cattle drive down the Historic District. Inhabitants can take part in bronco riding, barrel racing and steer wrestling. The Folsom Sports Complex should also be of some interest. It was built to provide the public with facilities to use in order to improve athletic performance. Here, visitors will find indoor and outdoor basketball, soccer, indoor volleyball, as well as a selection of batting cages. Also check out the sports cafe and arcade for some post-workout unwinding.