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These days, finding an affordable place to live in the Japan area can be challenging. Home prices in Japan are now at a median cost of $152,821, lower than the Missouri average of $194,908.
The average cost of rent is $746/mo in Japan, primarily driven by the current value of real estate in the Japan area. While nearly 37.55% of residents own their homes outright in Japan, 8.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Japan is $5,695 per month. Households that rent pay about 13.10% of their income on rent here. Japan's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
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