Property trends for Medway (ME)

The average property price in Medway stands at £355,000, placing it slightly above the national average. Over the past decade, prices have grown at 2.9% annualised—roughly in line with the national trend. This moderate growth reflects steady but unremarkable capital appreciation compared with stronger-performing regions elsewhere.

Average monthly rents of £1,243 sit notably above the national average, reflecting Medway's appeal to renters. Rental growth over ten years has been strong at 4.4% annually, placing it among the fastest-growing rental markets nationally. The flat yield currently stands at 6.3%, indicating reasonable returns for buy-to-let investors.

Average household income in Medway is £41,449, slightly above the national median. The price-to-income ratio of 8.4x has deteriorated since 2016 (when it stood at 7.4x), signalling that property has become less affordable relative to earnings over the period. Rental affordability has similarly worsened: the rent-to-income ratio has risen from 26.7% to 29.9%, meaning renters now spend a larger share of household income on housing.

Medway has a notably higher proportion of mortgage-holders (32.5%) compared with the national average, alongside more modest owner-outright ownership (30.1%). The working-age profile shows strength in the 35–49 age band (20.1%), while the 16–24 cohort is slightly underrepresented at 9.7%. Professionally, the area has a lower concentration of professional roles (16.9%) than the national average, but a slightly elevated trades workforce (11.3%), reflecting its mixed economy and semi-industrial heritage.