At a Glance
Average Property Price - WV2
£194,281
10
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV2
£33,160
20
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV2
4.6%
82
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The latest average property price stands at £194,000, placing it among the cheapest areas nationally. Ten-year price growth has averaged 4.6% annually, which is well above the national trend and reflects sustained demand despite the modest price base. Transaction activity has fallen sharply, with 89 sales last year compared to a 10-year average of 178 per year.
Rent & Yield Trends
Average monthly rent is £903, below the national midpoint and reflecting the area's affordable character. Rental growth over the past decade has been rapid at 4.8% annually, outpacing national trends significantly. The flat yield currently stands at 6.7%, up from a 10-year average of 5.6%, indicating improving returns for investors.
Income & Affordability Trends
Average household income is £33,160, well below the national average and among the lowest nationally. The price-to-income ratio of 5.2x has improved since 2016 (5.5x), meaning homes have become more affordable relative to local earnings. Rental affordability has tightened slightly; the rent-to-income ratio has risen from 24.8% to 25.4%, indicating a modest increase in rental burden.
Resident Demographic Profile
The population is notably younger and family-oriented: over a fifth are under 15, and those aged 35–49 account for a larger share than the national norm. Housing tenure is heavily weighted towards renting—nearly 58% live in private or social rented homes compared to 38% nationally—while outright ownership at just 21% is well below average. The employment profile is heavily skewed towards elementary occupations (20%) and plant/machine operatives (15%), both well above national levels; by contrast, professional roles (13%) and especially managers (6%) are significantly underrepresented.