Folsom, California Affordable Housing

Affordable Housing programs support 114 income based apartments in Folsom where households pay rent based on how much they earn.

There are 677 affordable apartments in Folsom that offer reduced rents to low-income households.

Waiting Lists in Folsom, California

There are no open Section 8 Housing Choice Voucher waiting lists in Folsom. Go to the California Section 8 Waiting Lists page for openings near Folsom.

Folsom Gardens I

613 Stafford St
Folsom, California
Call For Rent
1-2 BR
Rent Assisted

Folsom Gardens II

713 Stafford St
Folsom, California
Call For Rent
1-2 BR
Rent Assisted

Mercy Village Folsom

1160 Duchow Way
Folsom, California
Income Based
1-3 BR
Affordable

Granite City Apartments

1150 Sibley St
Folsom, California
Call For Rent
1-3 BR
Affordable

Bidwell Pointe

125 East Bidwell Street
Folsom, California
1 BR
Affordable

Folsom Oaks

809 Bidwell St
Folsom, California
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing

Creekview Manor

1720 Creekside Dr
Folsom, California
62+
Affordable

Forestwood at Folsom Family Apartments

9483 Greenback Ln
Folsom, California
Affordable

Vintage Willow Creek Senior Apartments

1701 Creekside Dr
Folsom, California
Affordable
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Affordable Housing Near Folsom

View affordable apartments and waiting lists in cities near Folsom

City Apartments
Sacramento, CA Affordable Housing programs support 181 apartment communities in Sacramento.
Elk Grove, CA Affordable Housing programs support 16 apartment communities in Elk Grove.
North Highlands, CA Affordable Housing programs support 10 apartment communities in North Highlands.
Galt, CA Affordable Housing programs support 8 apartment communities in Galt.
Rancho Cordova, CA Affordable Housing programs support 7 apartment communities in Rancho Cordova.

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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Sacramento Housing and Redevelopment Agency Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Folsom.

Folsom, California Affordable Housing Data

Income Based Apartments in Folsom, California

Folsom features 114 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 677 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 $1,580 and $1,932.

2023 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 $1,277 $1,400 $1,756 $2,496 $2,907
Folsom, California Payment Standard Range $1,149 to $1,405 $1,260 to $1,540 $1,580 to $1,932 $2,246 to $2,746 $2,616 to $3,198

Sourced from federal housing data and AffordableHousingOnline.com research.

Folsom, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 791
Total Housing Units with Rental Assistance 114
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 $102,200

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.
$21,300 $24,350 $27,400 $30,400 $32,850 $37,190 $41,910 $46,630
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.
$35,500 $40,550 $45,600 $50,650 $54,750 $58,800 $62,850 $66,900
80% AMI Income Limits
Renters earning up to 80% of the Folsom AMI may qualify for rental assistance programs that target Low Income households.
$56,750 $64,850 $72,950 $81,050 $87,550 $94,050 $100,550 $107,000