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These days, finding an affordable place to live in the North Wales area can be challenging. Home prices in North Wales are now at a median cost of $370,274, higher than the Pennsylvania average of $222,630.
The average cost of rent is $1,802/mo in North Wales, primarily driven by the current value of real estate in the North Wales area. While nearly 29.10% of residents own their homes outright in North Wales, 16.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in North Wales is $8,863 per month. Households that rent pay about 20.33% of their income on rent here. North Wales's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
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