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Melton property market

In Melton (East Midlands) the average private rent is £791/month (ONS, May 2026) and the average house price is £286,027 (HM Land Registry, April 2026). That puts rent 43% below and house prices 6% above the UK average. The gross rental yield works out at 3.3%.

Average rent
£791/mo
+6.2% YoY
Average house price
£286,027
-0.1% 12m
Gross rental yield
3.3%
UK avg 6.1%
Price-to-rent
30.1
UK avg 16.3

Rent vs buy in Melton

The average home in Melton costs about 30.1 years of average rent (price-to-rent ratio 30.1), 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 East Midlands

Frequently asked questions

What is the average rent in Melton?
The average monthly private rent in Melton is £791, according to the ONS Price Index of Private Rents (May 2026), +6.2% over the past 12 months. The UK average is £1,383.
What is the average house price in Melton?
The average house price in Melton is £286,027 (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 Melton?
Dividing the average annual rent (£9,492) by the average house price (£286,027) gives a gross rental yield of 3.3% in Melton. 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 Melton?
In Melton the average house price equals about 30.1 years of average rent (price-to-rent ratio 30.1). 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.