The October housing numbers are in, and Folsom continues to lead the way in many important markers. The average price per square foot for homes in Folsom continues to climb, reaching $220 per square foot in October, with the average price at $465,000.
El Dorado Hills homes, which tend to run larger, finished right behind Folsom at $210 per square foot, with an average price of $611,000.
Orangevale has become an attractive alternative, particularly to first-timers, due to its proximity to Folsom and lower prices, at $195 per foot, with an average price of $348,000.
Rancho Cordova homes can still be viewed as a relative bargain, with the average price per square foot at $163, with the average home selling for $275,000.
It’s happened many times over the years; Forbes, CNN, Business Week, Nerdwallet, and other organizations named Folsom California as one of America’s best places to live. It’s happened again, with Wall Street 24/7’s new list of America’s best.
Taking into account such factors as housing affordability, crime rates, employment, education, restaurants and more, they looked at 550 US cities with populations of over 65,000.
Folsom came in at number 22.