China · Asia · Population: 12,200,000
Hangzhou is a challenging market for first-time buyers, with significant price corrections underway. The city has affordable rents compared to global standards. At $350,000 average home price in China, buyers should consider the 14.5x price-to-income ratio when planning a purchase.
| Average Home Price | $350,000 |
| Price per sqm | $5,800 |
| Price-to-Income Ratio | 14.5x |
| Mortgage Rate | 4.2% |
| 1-Year Price Change | -3.2% |
| 1-Bedroom Apartment | $750/mo |
| 3-Bedroom Apartment | $1,300/mo |
| Rent-to-Income Ratio | 30% |
| Median Household Income | $24,000/year |
| Years to Buy (at median income) | 14.5 years |
| Local Currency | CNY |
With a price-to-income ratio of 14.5x, Hangzhou is one of the most expensive cities for homebuyers. Consider renting or exploring nearby cities for better value. Home prices have decreased 3.2% in the past year.
Cities worldwide with home prices closest to Hangzhou
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
Explore the DataPeek Network