At a Glance
Average Property Price - HR9
£360,561
59
National percentile
Average Monthly Rent - HR
£819
21
National percentile
Average Net Household Income - HR9
£37,438
46
National percentile
Flat / Maisonette Yield - HR
5.2%
26
National percentile
10-Year Annualised Price Growth - HR9
3.5%
47
National percentile
10-Year Annualised Rent Growth - HR
3.6%
40
National percentile
Property Price & Volume Trends
The average property price in HR9 is £361,000, close to the national midpoint. Over the past decade, prices have grown at 3.5% annually—slightly below the national average pace. Transaction activity has eased compared to the long-term average, with 302 sales in the latest year against a 10-year mean of 380, suggesting a tightening of supply or reduced market turnover.
Rent & Yield Trends
Monthly rents average £819, well below the national typical level. Rental growth has been modest at 3.6% annually, roughly in line with slower-growing regions nationally. The flat yield stands at 5.2%, notably above its 10-year average of 4.5%, indicating strengthening investor returns as rents have risen relative to property values.
Income & Affordability Trends
Average household income is £37,438, slightly below the national median. The price-to-income ratio of 10.5x represents a material deterioration since 2016 (8.7x), reflecting price growth outpacing income gains and reducing purchase affordability for local buyers. By contrast, rental affordability has marginally improved: the rent-to-income ratio has eased from 23.6% to 23.2%, though rents still consume nearly a quarter of household income.
Resident Demographic Profile
The population is notably older and more affluent than average. Those aged 65 and over account for 30% of residents—significantly above the national 20%—while the under-25 age groups are considerably underrepresented. Ownership patterns are distinctive: nearly half of all homes are owned outright (46%), far exceeding the national 34%, and mortgage ownership is below average at 23%. The employment profile is weighted towards skilled occupations, with managers (16%) and trades (14%) both above national norms, while elementary roles (10%) are below.