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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 $261,390, lower than the New York average of $610,895.
The average cost of rent is $1,001/mo in South Wales, primarily driven by the current value of real estate in the South Wales area. In South Wales, 8.30% of households rent, and 51.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Wales is $7,252 per month. Households that rent pay about 13.80% of their income on rent here. South Wales’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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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