Property trends for EX20

    EX20 covers the higher moorland and rural areas of mid-Devon, centred on Okehampton and surrounding villages. It is a quieter, more mature region with a pronounced rural and semi-retired character.

    At a Glance

    Average Property Price - EX20

    £315,114

    47

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX20

    £37,548

    47

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX20

    3.2%

    36

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The latest average property price in EX20 is £315,000, close to the national midpoint. Over the past decade, prices have grown at 3.2% per year—below the national average pace. Transaction volumes have softened recently, with 324 sales in the latest full year compared to a 10-year average of 393 per year.

    Rent & Yield Trends

    Average monthly rent in the broader EX postcode stands at £964, broadly in line with the national average. Rental growth over the past decade has averaged 3.5% per year, slightly below the national pace. The flat yield has improved to 4.4% in the latest year, up from a 10-year average of 3.9%, reflecting a more favourable rental-to-price dynamic.

    Income & Affordability Trends

    Average net household income is £37,548, slightly below the national average. The price-to-income ratio of 8.5x has worsened since 2016 (when it stood at 8.0x), indicating slower income growth relative to property values. On the rental side, tenants spend 27% of income on rent, a modest improvement from 27.7% in 2016.

    Resident Demographic Profile

    EX20 has a notably older population: nearly 26% are aged 65 and above—well above the national average of 19.6%—while those aged 16–24 are substantially under-represented at just 8.1%. Housing tenure is marked by very high owner-occupation: 44% own outright (compared to 33.7% nationally), and only 9.7% live in socially rented homes. Employment is dominated by trades workers, who comprise 18.3% of the workforce—significantly above the national average of 10.5%—reflecting the area's rural and construction-oriented economy.

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