Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the Stavanger area can be challenging. Home prices in Stavanger are now at a median cost of $341,304, higher than the Illinois average of $242,002.
The average cost of rent is $1,119/mo in Stavanger, primarily driven by the current value of real estate in the Stavanger area. While nearly 40.22% of residents own their homes outright in Stavanger, 9.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Stavanger is $10,483 per month. Households that rent pay about 10.67% of their income on rent here. Stavanger's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
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