At a Glance
Average Property Price - MK40
£385,142
64
National percentile
Average Monthly Rent - MK
£1,276
68
National percentile
Average Net Household Income - MK40
£41,191
63
National percentile
Flat / Maisonette Yield - MK
6.6%
93
National percentile
10-Year Annualised Price Growth - MK40
4.2%
71
National percentile
10-Year Annualised Rent Growth - MK
4.3%
74
National percentile
Property Price & Volume Trends
The latest average property price in MK40 is £385,000, positioning it slightly above the national average. Over the past decade, prices have grown at 4.2% annually, placing the area among the faster-growing markets nationally. Transaction volumes in the latest year stood at 490 sales, notably below the 10-year average of 608, suggesting softer recent demand.
Rent & Yield Trends
Average monthly rents in the broader MK area stand at £1,276, above the national average. Rents have grown at 4.3% per year over the past decade, outpacing national growth. The flat yield of 6.6% is now materially higher than the 10-year average of 5.5%, reflecting the recent strength of rental income relative to property values.
Income & Affordability Trends
Household income in MK40 averages £41,191, slightly above the national norm. The price-to-income ratio has risen to 8.6x from 7.1x in 2016, indicating reduced purchase affordability over the period. Rental affordability has also tightened, with the rent-to-income ratio climbing from 27% to 33.8%, suggesting rising pressure on tenant budgets.
Resident Demographic Profile
The area skews notably younger than the national average, with 17.2% aged 25–34 (compared to 13.4% nationally) and a below-average 65+ population of 14.1%. Private rental tenure is dominant at 35.9%, well above the national average of 21.7%, while outright ownership is correspondingly low at 22.2%. The employment profile shows a higher concentration of professionals (22.6%) and notably elevated elementary-grade occupations (14.5%), reflecting mixed socioeconomic characteristics.