Mid Devon property market
In Mid Devon (South West) the average private rent is £873/month (ONS, May 2026) and the average house price is £291,923 (HM Land Registry, April 2026). That puts rent 37% below and house prices 8% above the UK average. The gross rental yield works out at 3.6%.
- Average rent
- £873/mo
- +2.1% YoY
- Average house price
- £291,923
- -1.0% 12m
- Gross rental yield
- 3.6%
- UK avg 6.1%
- Price-to-rent
- 27.9
- UK avg 16.3
Rent vs buy in Mid Devon
The average home in Mid Devon costs about 27.9 years of average rent (price-to-rent ratio 27.9), 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
- Exeter£1,314/mo · £287,013
- Teignbridge£951/mo · £288,664
- Forest of Dean£823/mo · £290,398
- West Devon£839/mo · £307,291
- Bournemouth, Christchurch and Poole£1,404/mo · £311,309
- North Somerset£1,197/mo · £313,919
Frequently asked questions
- What is the average rent in Mid Devon?
- The average monthly private rent in Mid Devon is £873, according to the ONS Price Index of Private Rents (May 2026), +2.1% over the past 12 months. The UK average is £1,383.
- What is the average house price in Mid Devon?
- The average house price in Mid Devon is £291,923 (HM Land Registry UK House Price Index, April 2026), -1.0% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Mid Devon?
- Dividing the average annual rent (£10,476) by the average house price (£291,923) gives a gross rental yield of 3.6% in Mid Devon. 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 Mid Devon?
- In Mid Devon the average house price equals about 27.9 years of average rent (price-to-rent ratio 27.9). 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.