Home Values

Folsom Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$166,400

  • 1.2% 1-year change
  • 1.0% 1-year forecast

The median home value in Folsom is $166,400. Folsom home values have gone up 1.2% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Folsom is $128, which is lower than the Philadelphia Metro average of $130. The median price of homes currently listed in Folsom is $190,000 while the median price of homes that sold is $190,000. The median rent price in Folsom is $1,010, which is lower than the Philadelphia Metro median of $1,318.

Foreclosures will be a factor impacting home values in the next several years. In Folsom 2.5 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 5.5 and also lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Folsom is 5.2%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Folsom homeowners underwater on their mortgage is 28.5%, which is higher than Philadelphia Metro at 20.1%.

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Relative ZHVI
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Folsom Market Overview

Data through Oct 31, 2014
  • $166,400 ZHVI
  • 1.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $190,000 Median listing price
  • No recent data Median sale price
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Folsom Market Health

Data through Oct 31, 2014
  • 1.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 28.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes(Jul 31, 2014) Folsom
5.5 homes Philadelphia Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Swarthmore $239,000
Morton $189,400
Ridley Park $187,200
Name Median ZHVI
Ridley Township $158,100
Prospect Park $154,200
Woodlyn $147,700
Name Median ZHVI
Norwood $143,900
Glenolden $138,100
Eddystone $81,900

Listings & Sales

Data through Oct 31, 2014
  • $128 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 52.2% Listings with price cut
18.2%
Sold below listing
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Folsom Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,470 Folsom
    $1,554 Philadelphia Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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