At a Glance
Average Property Price - M5
£197,522
11
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M5
£8,847
1
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M5
4.2%
72
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The latest average property price in M5 is £198,000, placing it well below the national average. Over the past decade, prices have grown at 4.2% annually, which is above the typical national rate and reflects stronger-than-average price momentum. Transaction activity has slowed significantly: 213 sales were recorded in the latest full year, compared to an average of 485 per year over the previous decade, suggesting a marked contraction in market turnover.
Rent & Yield Trends
Average monthly rents in the broader M postcode area stand at £1,211, positioning the district around the national midpoint. Rent growth over the past decade has been exceptionally strong at 5.5% annually, placing it among the fastest-growing areas nationally. The flat yield has improved considerably, now standing at 5.8% compared with a 10-year average of 4.7%, indicating increasingly attractive returns for rental investors.
Income & Affordability Trends
Average net household income in M5 is £8,847 annually, significantly below the national average and among the lowest nationally. Affordability has deteriorated sharply: the price-to-income ratio has risen from 5.6x in 2016 to 23.3x today, reflecting property price growth substantially outpacing income growth. Rental affordability has also worsened, with the rent-to-income ratio climbing from 31.2% to 36.3% over the same period, indicating that rental costs now consume a considerably larger share of household income.
Resident Demographic Profile
The age profile shows a notably higher concentration of 25–34 year-olds at 20.3%, compared with 13.4% nationally, reflecting the appeal of city-centre living to young professionals. The tenure structure is markedly different from national norms: social rented housing accounts for 30.1% of the population (well above the 16.5% national average), whilst owner-occupation is substantially lower, with only 40.3% owning their homes outright or with a mortgage against the national figure of 60.7%. The employment mix shows higher representation in technical roles at 14.3% and in elementary occupations at 14.1%, with notably lower representation in managerial positions at 8.9% compared with 13.4% nationally.