Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Shanghai area can be challenging. Home prices in Shanghai are now at a median cost of $204,447, lower than the North Carolina average of $323,314.
The average cost of rent is $836/mo in Shanghai, primarily driven by the current value of real estate in the Shanghai area. In Shanghai, 11.46% of households rent, and 42.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shanghai is $6,285 per month. Households that rent pay about 13.30% of their income on rent here. Shanghai’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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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