At a Glance
Average Property Price - MK16
£398,865
66
National percentile
Average Monthly Rent - MK
£1,276
68
National percentile
Average Net Household Income - MK16
£44,758
75
National percentile
Flat / Maisonette Yield - MK
6.6%
93
National percentile
10-Year Annualised Price Growth - MK16
3.8%
58
National percentile
10-Year Annualised Rent Growth - MK
4.3%
74
National percentile
Property Price & Volume Trends
At £399,000, MK16 sits in the upper-middle range nationally. Annual price growth has averaged 3.8% over the past decade, slightly below the national pace. Transaction activity has softened in recent years: 224 sales were recorded in the latest full year, down from a 10-year average of 293—a decline of about 24%.
Rent & Yield Trends
Monthly rents in the MK postcode area stand at £1,276, placing them in the upper-middle band nationally. Rental growth has been strong, averaging 4.3% annually over the past decade and outpacing national trends. The flat yield has improved to 6.6% in the latest year, up from a 10-year average of 5.5%, reflecting tightening rental supply relative to capital values.
Income & Affordability Trends
Household income here is notably healthy at £44,758, well above the national average. However, affordability for purchase has tightened: the price-to-income ratio now stands at 8.1x, up from 7.6x in 2016, indicating that property has become measurably less accessible to local earners. Rental affordability has also deteriorated: renters now spend 33.8% of income on housing, up from 27% in 2016.
Resident Demographic Profile
The area skews slightly older and more affluent than national norms. Those aged 35–49 are notably overrepresented at 21.4%, and outright home ownership is elevated at 35.8%, reflecting an established, settled population. Young adults aged 16–24 are underrepresented at 7.9%, suggesting limited appeal to this demographic. The professional and managerial workforce is markedly strong, at 22.3% and 15.4% respectively, indicating a concentration of higher-skill employment.