Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Johannesburg area can be challenging. Home prices in Johannesburg are now at a median cost of $57,922, lower than the California average of $648,235.
The average cost of rent is $687/mo in Johannesburg, primarily driven by the current value of real estate in the Johannesburg area. While nearly 79.42% of residents own their homes outright in Johannesburg, 39.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Johannesburg is $2,881 per month. Households that rent pay about 23.84% of their income on rent here. Johannesburg's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
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