
Home Price Key
These days, finding an affordable place to live in the South Wales area can be challenging. Home prices in South Wales are now at a median cost of $206,115, lower than the New York average of $481,023.
The average cost of rent is $831/mo in South Wales, primarily driven by the current value of real estate in the South Wales area. While nearly 47.25% of residents own their homes outright in South Wales, 6.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Wales is $6,707 per month. Households that rent pay about 12.39% of their income on rent here. South Wales's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
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