Property trends for EX17

    EX17 covers the northern fringes of Devon, centring on the Okehampton area and surrounding moorland communities. It is a rural district characterised by outdoor heritage, small-town services, and a slower pace of life.

    At a Glance

    Average Property Price - EX17

    £339,441

    53

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX17

    £39,970

    58

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX17

    3.2%

    33

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The average property price in EX17 is £339,000, close to the national median and offering fairly typical value for money across the UK. Over the past decade, prices have grown by 3.2% annually—a below-average pace compared to most districts nationally. Transaction activity has declined noticeably: 228 sales were recorded in the latest full year, down from a ten-year average of 311 per year.

    Rent & Yield Trends

    Average monthly rent in the broader EX postcode area stands at £964, slightly below the national median. Rental growth has lagged the national trend, expanding at 3.5% annually over ten years. Flat yields have improved: the current yield of 4.4% sits above the ten-year average of 3.9%, indicating a modest tightening of rental returns relative to capital values.

    Income & Affordability Trends

    Average household income of £40,000 sits above the national average, positioning the area in the upper-middle income percentile. Housing affordability has deteriorated: the price-to-income ratio has risen from 7.7x in 2016 to 8.9x today, reflecting prices rising faster than local incomes. Rental affordability, however, has improved slightly: the rent-to-income ratio has fallen from 27.7% to 27%, offering modest relief to tenants.

    Resident Demographic Profile

    The population skews notably older than the national average: one quarter are aged 65 and over, while those aged 16–24 account for just 8%, well below the typical 11%. Owner-occupation is strong, with 42% owning outright—significantly above the 34% national average—while private rental tenure is correspondingly lower at 18%. The employment profile reflects a rural, skilled workforce: trades account for 16% of employment, well above the 11% national average, while professional occupations are underrepresented at 17% versus 21% nationally.

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