At a Glance
Average Property Price - HU8
£156,231
3
National percentile
Average Monthly Rent - HU
£679
6
National percentile
Average Net Household Income - HU8
£31,413
11
National percentile
Flat / Maisonette Yield - HU
6.1%
80
National percentile
10-Year Annualised Price Growth - HU8
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 HU8 is £156,000, placing it among the most affordable areas nationally. Over the past decade, prices have grown at 3.4% annually—close to the national average pace. Transaction activity has eased recently, with 329 sales last year compared to a 10-year average of 436, suggesting a slowdown in market turnover.
Rent & Yield Trends
Average monthly rent across the broader HU postcode is £679, well below the national average. Rental growth has averaged 3.5% annually over ten years, running slower than the national pace. The flat yield currently stands at 6.1%, notably above the 10-year average of 4.9%, reflecting an improving outlook for landlord returns.
Income & Affordability Trends
Household incomes in HU8 average £31,413 per year, significantly below the national average. The price-to-income ratio of 4.7x remains unchanged since 2016, indicating stable affordability for buyers despite modest income levels. Rental affordability has improved noticeably: renters now spend 20.3% of income on housing, down from 21.4% in 2016.
Resident Demographic Profile
The population skews slightly older, with those over 50 accounting for nearly 40% compared to 39.4% nationally, whilst the 16–24 age group is notably underrepresented at 9.6% against 11.0% nationally. Tenure is fairly balanced between ownership and renting, with a higher proportion in social housing (19.7%) than the national average of 16.5%. The employment profile is distinctly blue-collar, with trades (13.5%), elementary roles (12.8%), and plant/machine operation (10.9%) all well above national norms, whilst professional and managerial roles are significantly underrepresented.