Folkestad is a surname. Notable people with the surname include:
Anders Folkestad (born 1949), Norwegian schoolteacher and trade unionist Anker Folkestad (1914–1989), Norwegian civil servant Aud Folkestad (born 1953), Norwegian politician Bernhard Folkestad (1879–1933), Norwegian painter and essayist Göran Folkestad (born 1952), Swedish songwriter and singer Halvor Olsen Folkestad (1807–1889), Norwegian Lutheran bishop Olav Georg Folkestad (1902–1976), Norwegian engineer