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Oldham property market

In Oldham (North West) the average private rent is £917/month (ONS, May 2026) and the average house price is £212,066 (HM Land Registry, April 2026). That puts rent 34% below and house prices 21% below the UK average. The gross rental yield works out at 5.2%.

Average rent
£917/mo
+11.1% YoY
Average house price
£212,066
+4.0% 12m
Gross rental yield
5.2%
UK avg 6.1%
Price-to-rent
19.3
UK avg 16.3

Rent vs buy in Oldham

The average home in Oldham costs about 19.3 years of average rent (price-to-rent ratio 19.3), 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 North West

Frequently asked questions

What is the average rent in Oldham?
The average monthly private rent in Oldham is £917, according to the ONS Price Index of Private Rents (May 2026), +11.1% over the past 12 months. The UK average is £1,383.
What is the average house price in Oldham?
The average house price in Oldham is £212,066 (HM Land Registry UK House Price Index, April 2026), +4.0% over 12 months. The UK average is £270,080.
What is the gross rental yield in Oldham?
Dividing the average annual rent (£11,004) by the average house price (£212,066) gives a gross rental yield of 5.2% in Oldham. 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 Oldham?
In Oldham the average house price equals about 19.3 years of average rent (price-to-rent ratio 19.3). 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.