At a Glance
Average Property Price - RM9
£365,125
60
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM9
£45,057
76
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM9
4.3%
74
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The latest average property price in RM9 is £365,000, close to the national median. Over the past decade, the area has seen annualised price growth of 4.3%, which is above the national average, reflecting sustained demand despite economic cycles. Transaction activity has moderated in the latest year, with 215 sales compared to a 10-year average of 261, suggesting a slight cooling in market momentum.
Rent & Yield Trends
Monthly rents in the broader RM area average £1,533, placing it among the most expensive nationally for rental properties. Rents have grown at 4.4% annually over the past decade, also outpacing the national average. The flat yield currently stands at 6.7%, a meaningful uplift from the 10-year average of 5.5%, indicating improving returns for rental investors in the recent period.
Income & Affordability Trends
Average household income in RM9 is £45,057, well above the national median, placing it in the upper quartile nationally. The price-to-income ratio has improved substantially from 9.3x in 2016 to 8.2x today, making properties more affordable relative to earnings. However, rental affordability has tightened: the rent-to-income ratio has risen from 33.7% to 35.6% over the same period, reflecting faster rental growth than income gains.
Resident Demographic Profile
RM9 has a notably younger demographic profile: over a quarter of the population is under 15, and the 35–49 age group is significantly overrepresented at 23.3%, compared to 18.7% nationally—indicating a strong family-oriented community. The tenure mix is distinctive, with social rented housing at 35.3% more than double the national average of 16.5%, and owner-occupation (outright or mortgaged) correspondingly lower at 42.7%. Employment is skewed towards elementary and caring roles, which together account for nearly 30% of the workforce, well above national averages, while professional and managerial employment is below the national norm.