At a Glance
Average Property Price - OX2
£737,840
94
National percentile
Average Monthly Rent - OX
£1,416
76
National percentile
Average Net Household Income - OX2
£55,344
95
National percentile
Flat / Maisonette Yield - OX
5.4%
35
National percentile
10-Year Annualised Price Growth - OX2
1.1%
4
National percentile
10-Year Annualised Rent Growth - OX
3.7%
41
National percentile
Property Price & Volume Trends
The latest average property price in OX2 is £738,000, placing it among the most expensive postcode districts nationally. However, 10-year annualised price growth has been exceptionally slow at 1.1%, significantly below the national trend. Transaction activity in the latest year was 428 sales, modestly below its 10-year average of 477, suggesting a relatively stable but not buoyant market.
Rent & Yield Trends
Average monthly rents in the broader OX area stand at £1,416, above the national average. Rent growth over the past decade has been modest at 3.7% annually, slightly below national pace. The flat yield has recently reached 5.4%, a marked improvement from its 10-year average of 4.5%, indicating strengthening returns for landlords.
Income & Affordability Trends
Average net household income in the area is £55,344, among the highest nationally. The price-to-income ratio currently stands at 15.6x, an improvement from 16.1x in 2016, suggesting modest gains in purchase affordability. Rental affordability has moved in the opposite direction: the rent-to-income ratio has risen to 30.7% from 29.4%, indicating slightly tighter rental costs relative to earnings.
Resident Demographic Profile
The population is strikingly skewed towards young adults: over a third (36.8%) are aged 16–24, far exceeding the national average of 11.0%, reflecting the dominant student population. Conversely, all other age groups are significantly underrepresented. Housing tenure is distinctly weighted towards private renting at 32.9%, well above the national norm of 21.7%, while mortgage ownership is proportionally lower at 20.5%. Employment is dominated by professionals at 46.9%, nearly two and a half times the national figure, reflecting the area's high concentration of university staff and graduates.