At a Glance
Average Property Price - LN2
£267,101
33
National percentile
Average Monthly Rent - LN
£789
19
National percentile
Average Net Household Income - LN2
£37,503
46
National percentile
Flat / Maisonette Yield - LN
5.6%
47
National percentile
10-Year Annualised Price Growth - LN2
4.0%
65
National percentile
10-Year Annualised Rent Growth - LN
4.2%
64
National percentile
Property Price & Volume Trends
The latest average property price of £267,101 sits below the national average, placing it among the more affordable UK markets. Over the past decade, prices have grown at 4.0% annually—a pace above the national trend, suggesting steady recovery and resilience. Transaction activity in the latest year totalled 596 sales, noticeably below the 10-year average of 704, indicating a recent softening in market momentum.
Rent & Yield Trends
Average monthly rents of £789 are well below the national average, reflecting the district's affordable rental market. Rent growth over the past decade has kept pace with national trends at 4.2% annually. The flat yield currently stands at 5.6%, up from a 10-year average of 4.6%, showing that rental income has become more attractive relative to capital value in recent years.
Income & Affordability Trends
Average household income of £37,503 sits near the national median, indicating an ordinary earning profile. The price-to-income ratio of 6.8x has edged upward since 2016 (6.6x), suggesting that property affordability on an income basis has tightened slightly. Rental affordability has improved modestly: the rent-to-income ratio has fallen from 23.3% in 2016 to 22.7% today, indicating rents have not outpaced wage growth.
Resident Demographic Profile
The 16–24 age group is notably overrepresented at 18.5%, nearly double the national average of 11.0%, reflecting Lincoln's role as a student city. The private rented sector accounts for 25.4% of housing, well above the national average of 21.7%, while outright ownership is below average at 28.9%. Employment is skewed towards elementary occupations at 13.8% (above the national 10.2%) and caring roles at 10.2%, while managerial positions are underrepresented at 10% compared to the national 13.4%.