At a Glance
Average Property Price - YO8
£264,630
32
National percentile
Average Monthly Rent - YO
£999
49
National percentile
Average Net Household Income - YO8
£37,842
48
National percentile
Flat / Maisonette Yield - YO
6.0%
73
National percentile
10-Year Annualised Price Growth - YO8
3.7%
53
National percentile
10-Year Annualised Rent Growth - YO
3.6%
35
National percentile
Property Price & Volume Trends
The latest average property price in YO8 is £265,000, placing it below the national average. Over the past decade, prices have grown at 3.7% annually—close to the national pace, indicating steady but unremarkable appreciation. Transaction volumes have softened in recent years, with 687 sales recorded in the latest full year compared to an average of 892 over the preceding decade, reflecting a notable slowdown in market activity.
Rent & Yield Trends
Average monthly rent in the broader YO area is £999, sitting almost exactly at the national midpoint. Rental growth has averaged 3.6% annually over ten years—slightly below the national trend. The flat yield has improved materially, standing at 6.0% in the latest year compared to a ten-year average of 4.8%, signalling growing rental returns for investors despite modest capital appreciation.
Income & Affordability Trends
Average net household income is £37,842, marginally below the national median. The price-to-income ratio of 6.7x has deteriorated since 2016 (when it stood at 6.1x), suggesting that property affordability for first-time buyers has tightened. Rental affordability, however, has remained stable, with rent-to-income ratios holding steady at around 27.4%—virtually unchanged from 2016.
Resident Demographic Profile
The age profile is broadly consistent with national patterns, though young adults aged 16–24 are notably underrepresented at 8.9% versus 11.0% nationally. Mortgage ownership is relatively strong at 33.9%, well above the national average of 27.0%, while private rental tenure at 17.6% is below the national norm. Employment is skewed towards trades (11.4%) and plant/machine workers (10.4%), reflecting the area's rural and agricultural economy, whilst professional roles are underrepresented at 15.4% against a national figure of 20.5%.