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Medway property market

In Medway (South East) the average private rent is £1,238/month (ONS, May 2026) and the average house price is £294,322 (HM Land Registry, April 2026). That puts rent 10% below and house prices 9% above the UK average. The gross rental yield works out at 5.0%.

Average rent
£1,238/mo
+3.3% YoY
Average house price
£294,322
+0.1% 12m
Gross rental yield
5.0%
UK avg 6.1%
Price-to-rent
19.8
UK avg 16.3

Rent vs buy in Medway

The average home in Medway costs about 19.8 years of average rent (price-to-rent ratio 19.8), 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.

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Nearby areas in South East

Frequently asked questions

What is the average rent in Medway?
The average monthly private rent in Medway is £1,238, according to the ONS Price Index of Private Rents (May 2026), +3.3% over the past 12 months. The UK average is £1,383.
What is the average house price in Medway?
The average house price in Medway is £294,322 (HM Land Registry UK House Price Index, April 2026), +0.1% over 12 months. The UK average is £270,080.
What is the gross rental yield in Medway?
Dividing the average annual rent (£14,856) by the average house price (£294,322) gives a gross rental yield of 5.0% in Medway. 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 Medway?
In Medway the average house price equals about 19.8 years of average rent (price-to-rent ratio 19.8). 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.