At a Glance
Average Property Price - NR1
£236,300
23
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR1
£33,613
23
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR1
2.4%
14
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price of £236,300 sits well below the national average, placing it among the more affordable markets across the UK. Over the past decade, prices have grown at 2.4% annually — notably slower than the national pace. Transaction activity has declined, with 405 sales in the latest year compared to a 10-year average of 533, suggesting a cooling in trading volume.
Rent & Yield Trends
Monthly rents of £920 are below the national average, reflecting the affordable character of the wider Norwich area. Rental growth has been brisk, however, at 4.4% per year over the past decade — well above the national trend. The flat yield of 5.4% has risen from a 10-year average of 4.3%, indicating improving returns for buy-to-let investors despite static capital growth.
Income & Affordability Trends
Average household income of £33,613 is below the national median, consistent with the district's position as an affordable urban centre. The price-to-income ratio has risen from 5.9x in 2016 to 6.7x today, signalling that property has become less affordable relative to local earnings over that period. Rental affordability has also tightened: the rent-to-income ratio has increased from 21.6% to 26.2%, meaning tenants now dedicate a notably larger share of income to housing costs.
Resident Demographic Profile
The 25–34 age group is notably overrepresented at 18.4% — nearly 5 percentage points above the national average — reflecting the student population and early-career workforce. The under-15 cohort is underrepresented at 14.9%, well below the national figure. The tenure profile is distinctive: private rental is elevated at 27% (compared to 21.7% nationally) and social rented housing is high at 22.9% (versus 16.5% nationally), while outright ownership is suppressed at 26.5%. Professionally employed residents are more prevalent at 22.9%, but managers are notably fewer at 9.8% versus the national 13.4%.