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These days, finding an affordable place to live in the China area can be challenging. Home prices in China are now at a median cost of $118,125, lower than the New York average of $481,023.
The average cost of rent is $730/mo in China, primarily driven by the current value of real estate in the China area. While nearly 60.42% of residents own their homes outright in China, 3.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in China is $4,006 per month. Households that rent pay about 18.22% of their income on rent here. China's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
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