Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the London area can be challenging. Home prices in London are now at a median cost of $304,557, lower than the Oregon average of $365,363.
The average cost of rent is $891/mo in London, primarily driven by the current value of real estate in the London area. While nearly 30.26% of residents own their homes outright in London, 8.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in London is $6,087 per month. Households that rent pay about 14.64% of their income on rent here. London's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
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