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Affordable
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These days, finding an affordable place to live in the Manila area can be challenging. Home prices in Manila are now at a median cost of $424,200, lower than the California average of $812,006.
The average cost of rent is $1,580/mo in Manila, primarily driven by the current value of real estate in the Manila area. In Manila, 46.54% of households rent, and 56.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manila is $4,930 per month. Households that rent pay about 32.05% of their income on rent here. Manila’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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