At a Glance
Average Property Price - MK10
£385,228
64
National percentile
Average Monthly Rent - MK
£1,276
68
National percentile
Average Net Household Income - MK10
£6,178
1
National percentile
Flat / Maisonette Yield - MK
6.6%
93
National percentile
10-Year Annualised Price Growth - MK10
2.8%
23
National percentile
10-Year Annualised Rent Growth - MK
4.3%
74
National percentile
Property Price & Volume Trends
The average property price of £385,000 sits slightly above the national midpoint. Over the past decade, prices have grown at 2.8% annually—notably slower than the national average, reflecting a period of modest appreciation. Transaction activity has slowed markedly, with 252 sales in the latest year compared to a 10-year average of 476, suggesting a tightening market.
Rent & Yield Trends
Average monthly rent of £1,276 is above the national average. Rental growth has outpaced the national trend, expanding at 4.3% per year over the past decade. The flat yield has climbed to 6.6%, up from a 10-year average of 5.5%, signalling improving returns for landlords.
Income & Affordability Trends
Average household income of £6,178 is significantly below the national norm, placing affordability under considerable pressure. The price-to-income ratio has deteriorated sharply from 6.8x in 2016 to 60.8x today, making purchase substantially less affordable. Rental costs have also become tighter relative to income, rising from 27% to 33.8%, indicating worsening rental affordability.
Resident Demographic Profile
The population skews towards families and working-age adults, with those aged 35–49 representing 23.7%—well above the national average of 18.7%. Children under 15 are also overrepresented at 21% versus 17.5% nationally. The tenure profile shows high private renting at 27.9%, compared to 21.7% nationally, while outright ownership is notably lower at 22.3%. Shared ownership is considerably above average at 4.7%, reflecting the area's newer housing stock. The employment profile shows higher representation in caring roles (7.1%) and elementary occupations (14.7%), alongside above-average professional roles (22%), suggesting a mixed-income working population.