At a Glance
Average Property Price - HG1
£345,457
55
National percentile
Average Net Household Income - HG1
£40,746
61
National percentile
10-Year Annualised Price Growth - HG1
2.6%
18
National percentile
Property Price & Volume Trends
The latest average property price in HG1 is £345,000, broadly in line with the national average. Price growth over the past decade has been relatively subdued at 2.6% annualised, significantly below the national pace. Transaction activity has moderated: 556 sales were recorded in the latest full year, down from a 10-year average of 719 annually.
Rent & Yield Trends
Rental and yield data for HG1 are not available at the district level.
Income & Affordability Trends
Household income in HG1 averages £41,000, placing the area slightly above the national middle ground. The price-to-income ratio stands at 8.5x, a material improvement from 9.2x in 2016, indicating that property has become more affordable relative to earnings. Rental affordability metrics are unavailable.
Resident Demographic Profile
The population skews notably older than average, with 41.6% aged 50 and above compared to 39.4% nationally, and correspondingly fewer residents under 25. Private renting is significantly elevated at 30%, well above the national 21.7%, while outright ownership is below average at 28.6%. The employment profile is weighted towards professionals and managers (36.5% combined), substantially higher than the national 33.9%, reflecting the area's affluent character.