China · Asia · Population: 17,500,000
Shenzhen is one of the most unaffordable housing markets globally, with significant price corrections underway. The city has moderate rental prices. At $480,000 average home price in China, buyers should consider the 20.5x price-to-income ratio when planning a purchase.
| Average Home Price | $480,000 |
| Price per sqm | $9,200 |
| Price-to-Income Ratio | 20.5x |
| Mortgage Rate | 4.2% |
| 1-Year Price Change | -4.5% |
| 1-Bedroom Apartment | $1,000/mo |
| 3-Bedroom Apartment | $1,800/mo |
| Rent-to-Income Ratio | 42% |
| Median Household Income | $23,000/year |
| Years to Buy (at median income) | 20.5 years |
| Local Currency | CNY |
With a price-to-income ratio of 20.5x, Shenzhen is one of the most expensive cities for homebuyers. Consider renting or exploring nearby cities for better value. Home prices have decreased 4.5% in the past year.
Cities worldwide with home prices closest to Shenzhen
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.
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