New Jersey · Census place 23940
Folsom borough, NJ
Quick answer
Folsom borough has 1,732 residents, ranking #485 of 700 places in New Jersey. Median household income is $112,857, the median home is worth $247,900 and median gross rent runs $1,701 a month.
- Population
- 1,732Folsom borough residents
- Median household income
- $112,857Past 12 months, inflation adjusted
- Median home value
- $247,900Owner-occupied units
- Median gross rent
- $1,701Rent plus utilities, monthly
- Median age
- 43.4 yrsAll residents
- Homeownership rate
- 92.3%Owner-occupied households
What the numbers mean in Folsom borough
Housing cost measured against local earnings.
A household earning the Folsom borough median would spend about 18.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.3% of residents and 92.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Ocean Gate borough 1,768
- Annandale CDP 1,751
- Mickleton CDP 1,734
- Kenvil CDP 1,719
- Glen Gardner borough 1,702
- Port Norris CDP 1,702
- Island Heights borough 1,691
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