At a Glance
Average Property Price - OL9
£210,125
15
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL9
£28,257
5
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL9
5.9%
96
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The average property price in OL9 is £210,125, placing it among the cheapest nationally. Over the past decade, prices have grown at 5.9% annually—significantly faster than the national average, ranking among the strongest performers nationally. However, transaction activity has slowed: 359 sales were recorded in the latest full year, compared with a 10-year average of 455.
Rent & Yield Trends
Average monthly rent in the broader OL postcode area stands at £846, below the national average. Rents have grown at 5.3% per year over ten years, well above the national pace. The flat yield has improved to 5.9%, up from a 10-year average of 5.0%, reflecting the attractive income return currently on offer.
Income & Affordability Trends
Average household income of £28,257 is significantly below the national average. The price-to-income ratio has risen to 7.3x from 4.5x in 2016, indicating that property has become noticeably less affordable relative to local earnings. Rental affordability has also tightened, with the rent-to-income ratio rising from 23.4% to 25.3% over the same period.
Resident Demographic Profile
The area has a notably younger population: nearly a quarter (23.4%) are under 15, well above the national average of 17.5%. Conversely, the over-65 population at 14.2% is notably lower than the national norm of 19.6%. Housing tenure is fairly balanced between owned outright (29.7%) and mortgaged homes (29.9%), with social rented housing at 21.4%—higher than the national average of 16.5%. The employment base is weighted towards trades (12.3%) and elementary occupations (14.2%), both above national levels, while professional and managerial roles are underrepresented.