At a Glance
Average Property Price - HR8
£337,835
53
National percentile
Average Monthly Rent - HR
£819
21
National percentile
Average Net Household Income - HR8
£38,496
52
National percentile
Flat / Maisonette Yield - HR
5.2%
26
National percentile
10-Year Annualised Price Growth - HR8
2.5%
16
National percentile
10-Year Annualised Rent Growth - HR
3.6%
40
National percentile
Property Price & Volume Trends
The average property price in HR8 stands at £338,000, near the national middle ground. Growth over the past decade has averaged 2.5% annually, considerably slower than the UK norm, reflecting the more stable, less buoyant nature of this rural market. Transaction activity ran at 241 sales in the latest full year, marginally above its 10-year average of 233, suggesting steady but unspectacular demand.
Rent & Yield Trends
Rental costs in the broader HR area average £819 per month, well below the national average. Rent growth over ten years has run at 3.6% annually, slightly behind the national pace. The flat yield currently stands at 5.2%, a meaningful improvement on the 10-year average of 4.5%, indicating that rental income has become more attractive relative to capital values in recent years.
Income & Affordability Trends
Average household income in HR8 sits at £38,496, close to the national median. The price-to-income ratio of 9.2x has climbed since 2016 (when it was 8.1x), meaning properties have become modestly less affordable in income terms over that span. Rental affordability has improved slightly: the rent-to-income ratio has edged down from 23.6% to 23.2%, easing the burden on tenant households.
Resident Demographic Profile
The population is notably aged, with over 30% aged 65 and above—far exceeding the national average of 19.6%—while those under 15 and aged 16–24 are both well below national norms. The area is dominated by owner-occupiers, with 46% owning outright, well above the national 33.7%; conversely, social rented housing is scarcer at 12.1% versus 16.5% nationally. The workforce leans toward trades (13.4%) and skilled technical roles (11.6%), reflecting the rural and agricultural character.