At a Glance
Average Property Price - HG3
£453,359
75
National percentile
Average Net Household Income - HG3
£45,812
78
National percentile
10-Year Annualised Price Growth - HG3
2.7%
20
National percentile
Property Price & Volume Trends
The latest average property price in HG3 is £453,000, placing it among the more expensive areas nationally. However, over the past decade, prices have grown at 2.7% annually—a pace well below the national average, indicating relatively restrained market dynamics. Transaction activity has also softened, with 349 sales in the latest year compared to a 10-year average of 517, suggesting lower market momentum.
Rent & Yield Trends
Rental data for HG3 is not currently available, limiting analysis of rental yields and rental affordability trends in the district.
Income & Affordability Trends
Average household income in HG3 stands at £46,000, placing it among the higher-earning areas nationally. The price-to-income ratio of 11.1x represents a notable rise from 9.8x in 2016, indicating that properties have become less affordable relative to local earnings over this period. Rental affordability metrics are unavailable.
Resident Demographic Profile
HG3 has a substantially older population profile: those aged 50 and over account for nearly half the population (48%), compared to under 40% nationally. The area is heavily skewed towards owner-occupation, with 44% owning outright—well above the national average of 34%—and a correspondingly low private rental share of just 16%. Managerial and professional occupations are particularly prominent, together accounting for 41% of the workforce, while elementary roles and plant/machine work are notably underrepresented.