2.6 West Midlands — West Midlands
The West Midlands was the only region to record year-on-year price growth, with a volume-weighted average of £299,014, up 0.3%. Average monthly rents rose 5.3% to £909, and gross yields expanded to 3.82%, up 0.13 percentage points. Price movements were mixed, with CV and DY recording strong gains while WR, HR, and SY fell.
Property Prices by Postcode Area
Aug-26 average price by property type, with year-on-year change vs Aug-25.
| Area | Location | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | ||
| B | Birmingham | £311,772 ▼ 0.4% | £499,003 ▼ 12.8% | £316,753 ▲ 7% | £249,243 ▲ 3.8% | £154,117 ▼ 3.1% |
| CV | Coventry | £344,765 ▲ 6.4% | £508,276 ▲ 1.9% | £306,799 ▼ 2.1% | £256,960 ▲ 4.8% | £191,333 ▲ 10% |
| DY | Dudley | £287,677 ▲ 7.1% | £464,598 ▲ 20.5% | £246,286 ▼ 2.3% | £212,041 ▼ 3% | £123,875 ▼ 14% |
| HR | Hereford | £308,722 ▼ 6.9% | £408,143 ▼ 8.4% | £314,389 ▲ 4.5% | £231,463 ▼ 7% | £93,833 ▼ 44.6% |
| ST | Stoke-on-Trent | £225,868 ▼ 4.7% | £333,540 ▼ 7% | £197,653 ▼ 8.2% | £163,534 ▲ 4.7% | £147,750 ▲ 46.7% |
| SY | Shrewsbury | £288,774 ▼ 6.1% | £353,238 ▼ 14.8% | £274,203 ▲ 12.2% | £235,219 ▲ 7.9% | £177,900 ▲ 10.7% |
| TF | Telford | £271,050 ▼ 2.7% | £374,300 ▲ 4% | £225,412 ▼ 2.5% | £180,021 ▼ 15.7% | £74,250 ▼ 28.3% |
| WR | Worcester | £327,189 ▼ 7.1% | £457,420 ▼ 8.4% | £314,659 ▲ 1.1% | £228,523 ▼ 15.8% | £170,727 ▲ 8.3% |
| WS | Walsall | £301,943 ▲ 5.1% | £498,500 ▲ 11.7% | £249,455 ▼ 1% | £205,206 ▼ 1.8% | £132,813 ▼ 6.2% |
| WV | Wolverhampton | £313,632 ▲ 23.6% | £423,409 ▲ 4.1% | £275,998 ▲ 16.4% | £188,731 ▼ 9.4% | £115,500 ▲ 4.5% |
| West Midlands | £299,014 ▲ 0.3% | £437,933 ▼ 4.4% | £273,842 ▲ 1.1% | £226,514 ▲ 0.3% | £155,607 ▲ 1.7% | |
DY rose 7.1% to £287,677, CV gained 6.4% to £344,765, and WS increased 5.1% to £301,943. WV recorded a large apparent rise of 23.6% to £313,632, though this reflects a small sample of transactions and should be treated with caution. On the other side, WR fell 7.1% to £327,189, HR declined 6.9% to £308,722, and SY fell 6.1% to £288,774.
Average Monthly Rent by Postcode Area
Aug-26 average monthly rent by property type, with year-on-year change vs Aug-25.
| Area | Location | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | ||
| B | Birmingham | £1,073 ▲ 3.8% | £1,425 ▲ 3.3% | £1,127 ▲ 4.1% | £1,063 ▲ 4.2% | £880 ▲ 3.5% |
| CV | Coventry | £1,079 ▲ 3.5% | £1,439 ▲ 3% | £1,138 ▲ 3.7% | £1,062 ▲ 3.7% | £884 ▲ 3.2% |
| DY | Dudley | £864 ▲ 2.4% | £1,115 ▲ 2% | £929 ▲ 2.5% | £863 ▲ 2.5% | £684 ▲ 2.3% |
| HR | Hereford | £814 ▲ 3% | £1,121 ▲ 2.7% | £901 ▲ 3.3% | £776 ▲ 3.3% | £648 ▲ 2.8% |
| ST | Stoke-on-Trent | £794 ▲ 6.5% | £1,046 ▲ 6% | £848 ▲ 6.7% | £793 ▲ 6.6% | £635 ▲ 6.2% |
| SY | Shrewsbury | £775 ▲ 5.1% | £1,030 ▲ 4.9% | £825 ▲ 5.3% | £757 ▲ 5.4% | £632 ▲ 4.6% |
| TF | Telford | £853 ▲ 6.1% | £1,182 ▲ 5.7% | £905 ▲ 6.4% | £835 ▲ 6.4% | £683 ▲ 6% |
| WR | Worcester | £957 ▲ 5.5% | £1,317 ▲ 5.1% | £1,025 ▲ 5.7% | £927 ▲ 5.7% | £776 ▲ 5.3% |
| WS | Walsall | £953 ▲ 8.2% | £1,285 ▲ 7.8% | £993 ▲ 8.5% | £948 ▲ 8.4% | £764 ▲ 7.9% |
| WV | Wolverhampton | £924 ▲ 9% | £1,250 ▲ 8.5% | £974 ▲ 9.2% | £917 ▲ 9.3% | £731 ▲ 8.7% |
| West Midlands | £909 ▲ 5.2% | £1,221 ▲ 4.8% | £966 ▲ 5.5% | £894 ▲ 5.5% | £732 ▲ 5% | |
Rent growth was broad-based and strong across the region. WV led at 9.0% to £924 per month, followed by WS at 8.2% to £953 and ST at 6.5% to £794. CV rose 3.5% to £1,079 — the highest average rent in the region. HR recorded the weakest growth at 3.0% to £814 per month.
Gross Rental Yields by Postcode Area
Aug-26 gross yield (annual rent ÷ purchase price) by property type, with year-on-year change vs Aug-25.
| Area | Location | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | ||
| B | Birmingham | 4.1% ▲ 0.17pp | 3.4% ▲ 0.53pp | 4.3% ▼ 0.12pp | 5.1% ▲ 0.02pp | 6.9% ▲ 0.44pp |
| CV | Coventry | 3.8% ▼ 0.11pp | 3.4% ▲ 0.04pp | 4.4% ▲ 0.25pp | 5.0% ▼ 0.05pp | 5.5% ▼ 0.37pp |
| DY | Dudley | 3.6% ▼ 0.17pp | 2.9% ▼ 0.52pp | 4.5% ▲ 0.21pp | 4.9% ▲ 0.26pp | 6.6% ▲ 1.06pp |
| HR | Hereford | 3.2% ▲ 0.3pp | 3.3% ▲ 0.35pp | 3.4% ▼ 0.04pp | 4.0% ▲ 0.4pp | 8.3% ▲ 3.82pp |
| ST | Stoke-on-Trent | 4.2% ▲ 0.44pp | 3.8% ▲ 0.46pp | 5.1% ▲ 0.72pp | 5.8% ▲ 0.11pp | 5.2% ▼ 1.96pp |
| SY | Shrewsbury | 3.2% ▲ 0.34pp | 3.5% ▲ 0.66pp | 3.6% ▼ 0.24pp | 3.9% ▼ 0.09pp | 4.3% ▼ 0.25pp |
| TF | Telford | 3.8% ▲ 0.31pp | 3.8% ▲ 0.06pp | 4.8% ▲ 0.4pp | 5.6% ▲ 1.15pp | 11.0% ▲ 3.56pp |
| WR | Worcester | 3.5% ▲ 0.42pp | 3.5% ▲ 0.44pp | 3.9% ▲ 0.17pp | 4.9% ▲ 0.99pp | 5.5% ▼ 0.16pp |
| WS | Walsall | 3.8% ▲ 0.11pp | 3.1% ▼ 0.11pp | 4.8% ▲ 0.42pp | 5.5% ▲ 0.52pp | 6.9% ▲ 0.9pp |
| WV | Wolverhampton | 3.5% ▼ 0.47pp | 3.5% ▲ 0.14pp | 4.2% ▼ 0.28pp | 5.8% ▲ 1pp | 7.6% ▲ 0.29pp |
| West Midlands | 3.6% ▲ 0.17pp | 3.3% ▲ 0.3pp | 4.2% ▲ 0.18pp | 4.7% ▲ 0.23pp | 5.6% ▲ 0.18pp | |
ST recorded the highest gross yield at 4.22%, followed by B at 4.13%. The largest yield expansions were in ST (+0.44 pp), WR (+0.42 pp), and HR (+0.30 pp). CV and DY both saw marginal yield compression as price growth outpaced rent rises. HR (3.16%) and SY (3.22%) were the lowest-yielding areas.