At a Glance
Average Property Price - HU16
£261,320
31
National percentile
Average Monthly Rent - HU
£679
6
National percentile
Average Net Household Income - HU16
£39,495
56
National percentile
Flat / Maisonette Yield - HU
6.1%
80
National percentile
10-Year Annualised Price Growth - HU16
3.4%
44
National percentile
10-Year Annualised Rent Growth - HU
3.5%
22
National percentile
Property Price & Volume Trends
The latest average property price in HU16 is £261,000, which sits below the national average. Over the past decade, prices have grown at 3.4% annually—a pace slightly slower than the national trend. Transaction activity has softened compared to the long-term average, with 262 sales in the latest full year against an average of 329, suggesting a moderating market.
Rent & Yield Trends
Monthly rents in the broader HU postcode area average £679, placing them among the cheapest nationally. Rental growth over ten years has been modest at 3.5% annually, also lagging national trends. The flat yield has strengthened to 6.1%, a marked improvement from the 10-year average of 4.9%, reflecting both modest price growth and a favourable rental-to-price environment.
Income & Affordability Trends
Average household income stands at £40,000, close to the national midpoint. Affordability for buyers has tightened slightly: the price-to-income ratio has risen from 6.6x in 2016 to 6.9x today, though it remains moderate by national standards. For renters, affordability has modestly improved, with rent-to-income ratios falling from 21.4% to 20.3% over the same period.
Resident Demographic Profile
The population is notably older than average, with 30% aged 65 or over compared to 19.6% nationally, and only 7.1% aged 16–24 versus 11% nationally. Housing tenure is dominated by outright ownership at 47.8%—well above the national 33.7%—reflecting an established, settled population. The workforce skews towards professional occupations at 24.4% against 20.5% nationally, while elementary and plant/machine roles are underrepresented.