Plymouth property market
In Plymouth (South West) the average private rent is £994/month (ONS, May 2026) and the average house price is £216,463 (HM Land Registry, April 2026). That puts rent 28% below and house prices 20% below the UK average. The gross rental yield works out at 5.5%.
- Average rent
- £994/mo
- +5.3% YoY
- Average house price
- £216,463
- +2.9% 12m
- Gross rental yield
- 5.5%
- UK avg 6.1%
- Price-to-rent
- 18.1
- UK avg 16.3
Rent vs buy in Plymouth
The average home in Plymouth costs about 18.1 years of average rent (price-to-rent ratio 18.1), 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.
Rent affordability in Plymouth
Average rent of £994/month is about 34% of the local full-time gross median salary of £35,548 (ONS ASHE 2024). The ONS guideline treats rent at or below 30% of income as "affordable", so Plymouth 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
Nearby areas in South West
Frequently asked questions
- What is the average rent in Plymouth?
- The average monthly private rent in Plymouth is £994, according to the ONS Price Index of Private Rents (May 2026), +5.3% over the past 12 months. The UK average is £1,383.
- What is the average house price in Plymouth?
- The average house price in Plymouth is £216,463 (HM Land Registry UK House Price Index, April 2026), +2.9% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Plymouth?
- Dividing the average annual rent (£11,928) by the average house price (£216,463) gives a gross rental yield of 5.5% in Plymouth. 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 Plymouth?
- In Plymouth the average house price equals about 18.1 years of average rent (price-to-rent ratio 18.1). 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.
- Is rent affordable in Plymouth?
- The average rent in Plymouth (£994/month) is about 34% of the local full-time gross median salary of £35,548 (ONS ASHE 2024). The ONS guideline is that rent at or below 30% of income is "affordable", so Plymouth 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.