Cornwall property market
In Cornwall (South West) the average private rent is £1,003/month (ONS, May 2026) and the average house price is £277,017 (HM Land Registry, April 2026). That puts rent 27% below and house prices 3% above the UK average. The gross rental yield works out at 4.3%.
- Average rent
- £1,003/mo
- +4.6% YoY
- Average house price
- £277,017
- +2.4% 12m
- Gross rental yield
- 4.3%
- UK avg 6.1%
- Price-to-rent
- 23.0
- UK avg 16.3
Rent vs buy in Cornwall
The average home in Cornwall costs about 23.0 years of average rent (price-to-rent ratio 23.0), compared with 16.3 for the UK as a whole. On this market-level signal, buying looks relatively more expensive here than the UK average. This is an arithmetic ratio of the two official figures above — a market indicator, not personal financial advice.
Go deeper
Nearby areas in South West
- Gloucester£1,105/mo · £239,323
- Swindon£1,089/mo · £260,570
- Torridge£787/mo · £264,588
- North Devon£845/mo · £277,169
- Somerset£990/mo · £277,347
- Exeter£1,314/mo · £287,013
Frequently asked questions
- What is the average rent in Cornwall?
- The average monthly private rent in Cornwall is £1,003, according to the ONS Price Index of Private Rents (May 2026), +4.6% over the past 12 months. The UK average is £1,383.
- What is the average house price in Cornwall?
- The average house price in Cornwall is £277,017 (HM Land Registry UK House Price Index, April 2026), +2.4% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Cornwall?
- Dividing the average annual rent (£12,036) by the average house price (£277,017) gives a gross rental yield of 4.3% in Cornwall. This is a "gross" figure — before voids, management, maintenance and tax. The UK-average gross yield on the same basis is 6.1%.
- Is it cheaper to rent or buy in Cornwall?
- In Cornwall the average house price equals about 23.0 years of average rent (price-to-rent ratio 23.0). A higher ratio leans toward renting being relatively cheaper month-to-month; a lower ratio leans toward buying. The UK-average ratio is 16.3. This is a market-level signal, not personal financial advice.
Rent: Office for National Statistics — Price Index of Private Rents, UK: monthly price statistics — edition 17 June 2026, reference May 2026 (ONS PIPR). House prices: HM Land Registry — UK House Price Index (UKHPI), reference April 2026 (UKHPI). Both © Crown copyright, licensed under the Open Government Licence v3.0. Gross rental yield and price-to-rent ratio are computed from these two figures.