Apply to Folsom Apartment Waiting Lists
- City Housing 4 and 5-Bedroom Public Housing is open.
- County Housing 5-Bedroom Public Housing is open.
- Alder Grove 2, 3, 4, and 5-Bedroom Multi-Family Public Housing is open.
- Marina Vista 2, 3 and 4-Bedroom Multi-Family Public Housing is open.
- Walnut Grove Public Housing is open.
- Marina Vista, and Alder Grove 1-Bedroom Multi-Family Public Housing is open.
- City and County 3, 4, and 5-Bedroom Section 8 Project-Based Voucher is open.
- County Housing 4-Bedroom Public Housing is open.
- Phoenix Park 4-Bedroom Section 8 Project-Based Voucher is open.
- Marina Vista 5-Bedroom Multi-Family Public Housing is open.
- Mirasol Village Section 8 Project-Based Voucher is open.
- Affordable Housing Moderate Rehab Program Single Room Occupancy (SRO) Project-Based is open.
- Oak Park Terrace Project-Based is open.
Folsom Gardens I
Folsom Gardens II
Mercy Village Folsom
Forestwood at Folsom Family Apartments
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There are 689 low-income apartments in Folsom that offer reduced rents to eligible households.
Rental assistance programs support 115 low-income homes in Folsom where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $406 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Folsom, California
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| Sacramento Housing and Redevelopment Agency | Section 8 Housing Choice Voucher (HCV); Public Housing |
Folsom, California Affordable Housing Data
Income Based Apartments in Folsom, California
Folsom features 115 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Folsom, California
There are 689 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Folsom.
Housing Choice Vouchers in Folsom, California
On average, Section 8 Housing Choice vouchers pay Folsom landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Folsom.
The maximum amount a voucher would pay on behalf of a low-income tenant in Folsom, California for a two-bedroom apartment is between $1,865 and $2,279.
2024 Folsom, California Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Folsom, California Fair Market Rent | $1,543 | $1,666 | $2,072 | $2,884 | $3,321 |
| Folsom, California Payment Standard Range | $1,389 to $1,697 | $1,499 to $1,833 | $1,865 to $2,279 | $2,596 to $3,172 | $2,989 to $3,653 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Folsom, CA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 15 |
|---|---|
| Total Low Income Apartments | 808 |
| Total Housing Units with Rental Assistance | 115 |
| Percentage of Housing Units Occupied By Renters | 31.46% |
| Average Renter Household Size | 2.31 |
| Average Household Size | 2.61 |
| Median Household Income | $100,978 ±$2,322 |
| Median Rent | $1,452 ±$42 |
| Percentage Of Renters Overburdened | 38.23% ± 4.45pp |
| Total Population | 74,156 |
Population and Household Demographics
Folsom is a city in Sacramento County, California with a population of 74,156. There are 25,879 households in the city with an average household size of 2.61 persons. 31.46% of households in Folsom are renters.
Income and Rent Overburden in Folsom
The median gross income for households in Folsom is $100,978 a year, or $8,415 a month. The median rent for the city is $1,452 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Folsom, a household making less than $4,840 a month would be considered overburdened when renting an apartment at or above the median rent. 38.23% of households who rent are overburdened in Folsom.
Area Median Income In Folsom
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Folsom, the AMI is calculated from all households within Sacramento County.
In Folsom, HUD calculates the Area Median Income for a family of four as $113,900
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Folsom
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Folsom
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Folsom AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$22,550 | $25,750 | $28,950 | $32,150 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Folsom AMI may qualify for rental assistance programs that target Very Low Income households. |
$37,550 | $42,900 | $48,250 | $53,600 | $57,900 | $62,200 | $66,500 | $70,800 |
| 80% AMI Income Limits Renters earning up to 80% of the Folsom AMI may qualify for rental assistance programs that target Low Income households. |
$60,050 | $68,600 | $77,200 | $85,750 | $92,650 | $99,500 | $106,350 | $113,200 |
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