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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 $225,572, lower than the Michigan average of $250,415.
The average cost of rent is $977/mo in Johannesburg, primarily driven by the current value of real estate in the Johannesburg area. In Johannesburg, 9.02% of households rent, and 47.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Johannesburg is $5,825 per month. Households that rent pay about 16.77% of their income on rent here. Johannesburg’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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