Property trends for PO36

    PO36 covers the Isle of Wight, sitting off the south coast of Hampshire. It is a long-established residential and leisure destination with strong appeal to families, retirees, and holidaymakers.

    At a Glance

    Average Property Price - PO36

    £280,642

    37

    National percentile

    Average Monthly Rent - PO

    £1,187

    62

    National percentile

    Average Net Household Income - PO36

    £33,172

    20

    National percentile

    Flat / Maisonette Yield - PO

    6.2%

    83

    National percentile

    10-Year Annualised Price Growth - PO36

    3.8%

    57

    National percentile

    10-Year Annualised Rent Growth - PO

    4.1%

    58

    National percentile

    Property Price & Volume Trends

    The average property price in PO36 stands at £281,000, placing it below the national average. Over the past decade, prices have grown at 3.8% annually — a pace slightly faster than the national norm. Transaction activity has slowed markedly, with 197 sales in the latest year compared to a 10-year average of 292, signalling reduced buyer appetite.

    Rent & Yield Trends

    Average monthly rents in the broader PO area are £1,187, sitting above the national midpoint. Rental growth has averaged 4.1% per year over the past decade, slightly outpacing national growth. The flat yield currently stands at 6.2%, a notable uplift from the 10-year average of 5.1%, indicating improving returns for landlords and reflecting the tightening rental market.

    Income & Affordability Trends

    Household income here averages £33,172 per year, well below the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 6.5x in 2016 to 8.6x today, making property ownership materially less accessible. Rental affordability has also weakened; the rent-to-income ratio has climbed from 28.9% to 32.1%, leaving renters with less budget for other essentials.

    Resident Demographic Profile

    The population skews markedly older, with nearly a third aged 65 and over—well above the national average of 19.6%—and only 7.9% aged 16–24, significantly below the national 11.0%. Outright ownership is exceptionally high at 45.6%, compared to 33.7% nationally, reflecting the area's established retired demographic. The workforce shows a notably strong presence in trades (14.4%) and caring professions (14.6%), both well above national averages, alongside comparatively weak representation in professional roles.

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