Property trends for NR19

    NR19 covers parts of central and south Norfolk, including areas around Dereham and surrounding villages. It is a largely rural and semi-rural district with a character typical of mid-Norfolk, offering a quieter pace of life beyond the city.

    At a Glance

    Average Property Price - NR19

    £253,415

    29

    National percentile

    Average Monthly Rent - NR

    £920

    37

    National percentile

    Average Net Household Income - NR19

    £35,188

    32

    National percentile

    Flat / Maisonette Yield - NR

    5.4%

    40

    National percentile

    10-Year Annualised Price Growth - NR19

    3.3%

    38

    National percentile

    10-Year Annualised Rent Growth - NR

    4.4%

    81

    National percentile

    Property Price & Volume Trends

    The latest average property price in NR19 is £253,000, placing it below the national average. Over the past decade, prices have grown at 3.3% per year—a slower pace than the national average. Transaction activity has softened: 269 sales were recorded in the latest full year, down from a 10-year average of 345 annually.

    Rent & Yield Trends

    Average monthly rent in the broader NR postcode area stands at £920, below the national mid-point. Rent growth over the past decade has been notably strong at 4.4% per year, significantly outpacing the national average. The current flat yield of 5.4% is a welcome uplift from its 10-year average of 4.3%, reflecting improved investor returns in recent years.

    Income & Affordability Trends

    Average net household income is £35,188, below the national average. The price-to-income ratio of 7.4x indicates that property remains broadly affordable relative to local earnings, though this has worsened from 6.4x in 2016. Rental affordability has declined: tenants now spend 26.2% of income on rent compared to 21.6% a decade ago.

    Resident Demographic Profile

    The population skews notably older than average, with over a quarter aged 65 or over—well above the national figure of 19.6%—while young adults aged 16–24 are underrepresented at 9.2%. Housing tenure is marked by a higher proportion of outright ownership at 38.4%, reflecting the older age profile. The employment mix shows particular strength in trades (13.4%) and caring roles (13.4%), both above national levels, while professional occupations are proportionally fewer at 12.2%.

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