Property trends for EX21

    EX21 covers the rural areas around Hatherleigh and Black Torrington in mid-Devon, sitting on the western edge of Dartmoor. It is a predominantly countryside district with a strong farming and traditional trades heritage.

    At a Glance

    Average Property Price - EX21

    £341,724

    54

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX21

    £35,365

    33

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX21

    2.8%

    22

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The average property price in EX21 stands at £342,000, which is close to the national median. Over the past decade, prices have grown at 2.8% annually — a notably slower pace than the UK average, placing it among the lower-growth areas nationally. Transaction activity has slowed in recent years, with 52 sales in the latest full year against a 10-year average of 65, suggesting a tighter market.

    Rent & Yield Trends

    The average monthly rent in the broader EX postcode area is £964, which is slightly below the national midpoint. Rental growth over the past decade has been modest at 3.5% annually, below the national pace. Rental yields have improved, standing at 4.4% in the latest year compared to a 10-year average of 3.9%, reflecting a modest uptick in investment returns.

    Income & Affordability Trends

    Average household income in EX21 is £35,365, which is below the national average. Purchase affordability has deteriorated noticeably: the price-to-income ratio has risen from 8.7x in 2016 to 11.7x today, meaning homes now cost significantly more relative to local earnings. Rental affordability has improved slightly, with the rent-to-income ratio easing from 27.7% to 27% over the same period.

    Resident Demographic Profile

    EX21 has a notably older demographic profile, with nearly 30% aged 65 and over — well above the national average of 19.6% — and a particularly strong representation in the 50–64 age group at 26.2%. Conversely, younger cohorts are underrepresented: those aged 16–24 account for just 7.4% versus the national 11%. Housing is dominated by outright ownership at 53.1%, far above the national average of 33.7%, reflecting the area's mature population. Employment is heavily skewed towards trades, which account for 22.6% of the workforce — more than double the national figure — consistent with the district's rural and agricultural character.

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