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These days, finding an affordable place to live in the Wales area can be challenging. Home prices in Wales are now at a median cost of $103,100, lower than the Alaska average of $346,273.
The average cost of rent is $1,046/mo in Wales, primarily driven by the current value of real estate in the Wales area. In Wales, 24.79% of households rent, and 76.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wales is $4,534 per month. Households that rent pay about 23.07% of their income on rent here. Wales’s most expensive areas are in the northwestern 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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