Property trends for NP22

    NP22 covers the Monmouth area in the southeast corner of Wales, sitting close to the English border. It is a historic market town with strong community roots and appeals to those seeking a quieter pace of life with countryside access.

    At a Glance

    Average Property Price - NP22

    £157,136

    4

    National percentile

    Average Monthly Rent - NP

    £858

    28

    National percentile

    Average Net Household Income - NP22

    £28,712

    5

    National percentile

    Flat / Maisonette Yield - NP

    6.0%

    71

    National percentile

    10-Year Annualised Price Growth - NP22

    5.4%

    93

    National percentile

    10-Year Annualised Rent Growth - NP

    4.9%

    94

    National percentile

    Property Price & Volume Trends

    At £157,000, NP22 is among the cheapest areas nationally. However, it has experienced strong price growth over the past decade, with annualised gains of 5.4% — well above the typical pace. Annual transaction numbers have eased slightly, with 201 sales in the latest year compared to a 10-year average of 243.

    Rent & Yield Trends

    At £858 per month, rents are below the national average. However, rental growth has been robust, rising at 4.9% annually over the past decade — substantially faster than the typical pace. The flat yield stands at 6.0%, up from a 10-year average of 5.1%, suggesting improving returns for landlords.

    Income & Affordability Trends

    Average household income of £28,712 is well below the national norm, placing the area among the lowest-earning nationally. The price-to-income ratio of 5.1x has worsened since 2016 (then 4.5x), signalling that purchase affordability has declined. Rental affordability has also deteriorated slightly, with the rent-to-income ratio rising from 23.1% in 2016 to 24.1% today.

    Resident Demographic Profile

    The population skews older than average, with 20.2% aged 65 and above compared to the national average of 19.6%, and 22.1% in the 50–64 age band against a national 19.8%. Conversely, young adults aged 16–24 are underrepresented at 9.2%. Social rented housing is notably prevalent at 27.5% of tenure, nearly two-thirds higher than the 16.5% national average. The employment profile is marked by high proportions in caring roles (14.2% vs 9.2% nationally), elementary occupations (13.3% vs 10.2%), and trades (12.1% vs 10.5%), while professional and managerial roles are significantly underrepresented.

    Explore nearby