Property trends for Shrewsbury (SY)

The latest average property price in SY stands at £299,000, placing it below the national average. Over the past decade, the area has seen annualised price growth of 3.1%, which is slightly below the national rate, suggesting modest but steady capital appreciation relative to the broader market.

Average monthly rent is £755, significantly below the national average, reflecting the area's lower cost of living. Rental growth over ten years has averaged 3.5% annually, close to the national pace. The flat yield stands at 4.8%, indicating steady rental returns in a market where capital appreciation has been measured.

Average net household income is £35,726, notably below the national average. The price-to-income ratio has risen from 7.7x in 2016 to 8.3x today, indicating that property affordability has worsened over this period. Rental affordability has improved slightly, with the rent-to-income ratio falling from 22.4% to 21.8%, suggesting that rents have grown more slowly than incomes.

The population skews older than average, with over a quarter aged 65 and above compared to the national figure of 19.6%, and those aged 50–64 making up nearly a quarter. The area has notably lower numbers of younger adults aged 16–24 and 25–34. Outright home ownership is particularly strong at 45%, well above the 33.7% national average, while trades employment at 16.2% is significantly above the national average of 10.5%.