At a Glance
Average Property Price - MK13
£312,570
46
National percentile
Average Monthly Rent - MK
£1,276
68
National percentile
Average Net Household Income - MK13
£41,121
63
National percentile
Flat / Maisonette Yield - MK
6.6%
93
National percentile
10-Year Annualised Price Growth - MK13
3.8%
60
National percentile
10-Year Annualised Rent Growth - MK
4.3%
74
National percentile
Property Price & Volume Trends
The average property price in MK13 is £313,000, close to the national median and positioned around the middle of the UK market. Over the past decade, prices have grown at 3.8% annually, slightly faster than the slowest-growing regions but below the strongest performers. Transaction activity has eased notably, with 143 sales in the latest year compared to a 10-year average of 207, suggesting a cooling market relative to historical levels.
Rent & Yield Trends
Average monthly rent across the broader MK postcode is £1,276, placing it among the higher-rent areas nationally. Rents have climbed at 4.3% per year over the past decade, outpacing national growth and reflecting sustained rental demand. The flat yield currently stands at 6.6%, notably above its 10-year average of 5.5%, indicating that rental returns have improved in recent years as rents have risen faster than purchase prices.
Income & Affordability Trends
Average household income in MK13 is £41,121, comfortably above the national average and reflecting the area's status as a relatively affluent commuter district. The price-to-income ratio now stands at 7.5x, a marked shift from 6.2x in 2016, signalling that homes have become less affordable relative to earnings. Rental affordability has also tightened: the rent-to-income ratio has risen to 33.8% from 27% a decade ago, meaning renters now spend a larger share of income on housing.
Resident Demographic Profile
MK13's population skews notably towards families and working-age residents. The 35–49 age group is overrepresented at 21.5% against the national average of 18.7%, while younger adults aged 16–24 are underrepresented at 9.5% compared to 11.0% nationally. Shared ownership is significantly above average at 6.3% versus 1.0% nationally, reflecting Milton Keynes' heritage as a planned town with diverse housing models. Employment is dominated by elementary roles (13.8% versus 10.2% nationally) and professionals (18.9%, slightly below the 20.5% average), suggesting a mix of skilled and routine occupations typical of a growing commuter settlement.