Newcastle upon Tyne property market
In Newcastle upon Tyne (North East) the average private rent is £1,204/month (ONS, May 2026) and the average house price is £209,071 (HM Land Registry, April 2026). That puts rent 13% below and house prices 23% below the UK average. The gross rental yield works out at 6.9%.
- Average rent
- £1,204/mo
- +10.3% YoY
- Average house price
- £209,071
- +5.0% 12m
- Gross rental yield
- 6.9%
- UK avg 6.1%
- Price-to-rent
- 14.5
- UK avg 16.3
Rent vs buy in Newcastle upon Tyne
The average home in Newcastle upon Tyne costs about 14.5 years of average rent (price-to-rent ratio 14.5), compared with 16.3 for the UK as a whole. On this market-level signal, buying looks relatively cheaper here than the UK average. This is an arithmetic ratio of the two official figures above — a market indicator, not personal financial advice.
Rent affordability in Newcastle upon Tyne
Average rent of £1,204/month is about 41% of the local full-time gross median salary of £35,212 (ONS ASHE 2024). The ONS guideline treats rent at or below 30% of income as "affordable", so Newcastle upon Tyne is above that threshold on this proxy.
Honesty note: this uses individual full-time pay, not household income, so it sits above the official household-based series. ONS Private rental affordability, England (FYE2024). Median income of private-renting households basis — distinct from the proxy below.
Go deeper
- Rent in Newcastle upon Tyne (1/2/3/4-bed breakdown)£1,204
- House prices in Newcastle upon Tyne (by property type)£209,071
Nearby areas in North East
- Darlington£676/mo · £156,880
- South Tyneside£726/mo · £156,931
- Gateshead£790/mo · £158,885
- Stockton-on-Tees£738/mo · £169,540
- North Tyneside£838/mo · £197,229
- Northumberland£679/mo · £204,603
Frequently asked questions
- What is the average rent in Newcastle upon Tyne?
- The average monthly private rent in Newcastle upon Tyne is £1,204, according to the ONS Price Index of Private Rents (May 2026), +10.3% over the past 12 months. The UK average is £1,383.
- What is the average house price in Newcastle upon Tyne?
- The average house price in Newcastle upon Tyne is £209,071 (HM Land Registry UK House Price Index, April 2026), +5.0% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Newcastle upon Tyne?
- Dividing the average annual rent (£14,448) by the average house price (£209,071) gives a gross rental yield of 6.9% in Newcastle upon Tyne. 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 Newcastle upon Tyne?
- In Newcastle upon Tyne the average house price equals about 14.5 years of average rent (price-to-rent ratio 14.5). 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.
- Is rent affordable in Newcastle upon Tyne?
- The average rent in Newcastle upon Tyne (£1,204/month) is about 41% of the local full-time gross median salary of £35,212 (ONS ASHE 2024). The ONS guideline is that rent at or below 30% of income is "affordable", so Newcastle upon Tyne is above that threshold on this proxy. Note this uses individual full-time pay, not household income, so it sits above the official household-based series.
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.