At a Glance
Average Property Price - WV9
£250,261
28
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV9
£34,224
27
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV9
4.3%
76
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The latest average property price stands at £250,000, placing it below the national average. Over the past decade, prices have grown at 4.3% annually—a notably strong performance compared with most UK areas. Transaction activity has slowed recently, with 73 sales in the latest full year against a 10-year average of 88, suggesting a softening in market momentum.
Rent & Yield Trends
Average monthly rent of £903 is modestly below the national median, reflecting the area's affordability profile. Rental growth has been exceptionally strong, rising at 4.8% per year over the past decade—among the fastest growth rates nationally. The rental yield has widened to 6.7% from a 10-year average of 5.6%, indicating improved returns for landlords despite the modest rent base.
Income & Affordability Trends
Average net household income of £34,224 is below the national average, underscoring the area's lower-income character. The price-to-income ratio stands at 7.0x, having risen from 6.3x in 2016—a deterioration in purchase affordability over the period. Rental affordability has similarly weakened, with the rent-to-income ratio rising from 24.8% to 25.4%, placing increasing pressure on tenant budgets.
Resident Demographic Profile
The population skews slightly older, with a notably higher share of 35–49 year-olds (20.2% vs 18.7% nationally) and a slightly lower share of under-15s. Social rented housing comprises 27.7% of all housing—well above the 16.5% national average—reflecting substantial council or housing association provision. The employment profile is weighted towards elementary occupations (14.0% vs 10.2% nationally) and trades (11.6% vs 10.5%), with a notably lower proportion of professionals (16.3% vs 20.5%).