At a Glance
Average Property Price - ME16
£358,013
58
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME16
£43,048
70
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME16
4.2%
71
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The current average property price of £358,000 sits slightly above the national midpoint. Over the past decade, the district has experienced solid price growth of 4.2% annually—notably faster than the national average—suggesting sustained market demand. Transaction activity has eased recently, with 459 sales in the latest year compared to a 10-year average of 594, reflecting a tighter market.
Rent & Yield Trends
Monthly rents in the ME postcode area average £1,248, placing the region among the more expensive nationally for rental. Rent growth has been particularly strong over the past decade at 4.8% per year, well above the national pace and reflecting sustained tenant demand. The flat yield has risen to 6.2%, notably higher than the 10-year average of 4.9%, suggesting improved returns for landlords in recent conditions.
Income & Affordability Trends
Average household income of £43,048 is above the national average, positioning the area in the upper-income quartile. However, affordability has shifted: the price-to-income ratio has risen to 7.9x from 7.3x in 2016, indicating that property purchase has become less affordable relative to earnings. Rental affordability has also tightened, with rent now consuming 29.8% of income compared to 26.7% six years ago.
Resident Demographic Profile
The age profile is notably skewed towards middle age: the 35–49 bracket is significantly overrepresented at 21.5% against a national average of 18.7%, while young adults aged 16–24 are underrepresented at 9.6% versus the national 11.0%. Housing tenure shows a strong mortgage-owning population at 31.5% compared to 27.0% nationally, whilst outright ownership is below average at 28.6%. The employment mix is relatively balanced, with a slight emphasis on technical roles at 14% versus 13.2% nationally, but notably fewer caring and administrative workers than the national average.