Property trends for Hull (HU)

At £203,000, Hull remains among the most affordable places to buy property nationally, sitting well below the UK average. Over the past decade, prices have grown by 2.1% annually — a pace notably slower than the national trend, reflecting the region's more measured property market performance.

Rents average £685 per month, placing the area among the cheapest for tenants across the UK. Annual rent growth has averaged 3.4% over ten years, roughly in line with national rates. The current flat yield of 6.2% reflects strong rental returns for investors relative to property values.

Average household income of £34,000 sits below the national average. The price-to-income ratio stands at 6.1x, unchanged since 2016, indicating that affordability has held steady even as prices have risen modestly. Rental affordability has improved noticeably: the rent-to-income ratio has fallen from 22.1% to 20.5% over the same period, suggesting rents have not kept pace with income growth.

The population skews slightly older, with those aged 50–64 and 65+ together representing over 42% of residents, compared to around 39% nationally. The under-16 age group is proportionally smaller at 17%, and young adults aged 16–24 are also underrepresented at just under 10%. Social rented housing accounts for 19.5% of tenure — notably higher than the national average of 16.5%. The employment mix shows a higher than average proportion in trades (12.3%), elementary roles (12%), and plant/machine work (9.4%), offset by fewer professionals (17.3%) than the national average.