Peterborough property market
In Peterborough (East of England) the average private rent is £981/month (ONS, May 2026) and the average house price is £236,378 (HM Land Registry, April 2026). That puts rent 29% below and house prices 12% below the UK average. The gross rental yield works out at 5.0%.
- Average rent
- £981/mo
- +1.7% YoY
- Average house price
- £236,378
- +2.1% 12m
- Gross rental yield
- 5.0%
- UK avg 6.1%
- Price-to-rent
- 20.1
- UK avg 16.3
Rent vs buy in Peterborough
The average home in Peterborough costs about 20.1 years of average rent (price-to-rent ratio 20.1), 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.
Go deeper
- Rent in Peterborough (1/2/3/4-bed breakdown)£981
- House prices in Peterborough (by property type)£236,378
Nearby areas in East of England
- Ipswich£989/mo · £215,893
- Fenland£835/mo · £224,590
- Norwich£1,152/mo · £230,372
- Tendring£1,051/mo · £255,529
- King's Lynn and West Norfolk£935/mo · £259,956
- Breckland£920/mo · £275,312
Frequently asked questions
- What is the average rent in Peterborough?
- The average monthly private rent in Peterborough is £981, according to the ONS Price Index of Private Rents (May 2026), +1.7% over the past 12 months. The UK average is £1,383.
- What is the average house price in Peterborough?
- The average house price in Peterborough is £236,378 (HM Land Registry UK House Price Index, April 2026), +2.1% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Peterborough?
- Dividing the average annual rent (£11,772) by the average house price (£236,378) gives a gross rental yield of 5.0% in Peterborough. 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 Peterborough?
- In Peterborough the average house price equals about 20.1 years of average rent (price-to-rent ratio 20.1). 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.