Home Price Key
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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 $152,001, lower than the Michigan average of $196,062.
The average cost of rent is $977/mo in Johannesburg, primarily driven by the current value of real estate in the Johannesburg area. While nearly 42.86% of residents own their homes outright in Johannesburg, 9.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Johannesburg is $5,124 per month. Households that rent pay about 19.07% of their income on rent here. Johannesburg's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
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Cities with Similar Populations
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