Skip to main content

Redditch property market

In Redditch (West Midlands) the average private rent is £904/month (ONS, May 2026) and the average house price is £247,308 (HM Land Registry, April 2026). That puts rent 35% below and house prices 8% below the UK average. The gross rental yield works out at 4.4%.

Average rent
£904/mo
+2.4% YoY
Average house price
£247,308
+2.0% 12m
Gross rental yield
4.4%
UK avg 6.1%
Price-to-rent
22.8
UK avg 16.3

Rent vs buy in Redditch

The average home in Redditch costs about 22.8 years of average rent (price-to-rent ratio 22.8), 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 West Midlands

Frequently asked questions

What is the average rent in Redditch?
The average monthly private rent in Redditch is £904, according to the ONS Price Index of Private Rents (May 2026), +2.4% over the past 12 months. The UK average is £1,383.
What is the average house price in Redditch?
The average house price in Redditch is £247,308 (HM Land Registry UK House Price Index, April 2026), +2.0% over 12 months. The UK average is £270,080.
What is the gross rental yield in Redditch?
Dividing the average annual rent (£10,848) by the average house price (£247,308) gives a gross rental yield of 4.4% in Redditch. 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 Redditch?
In Redditch the average house price equals about 22.8 years of average rent (price-to-rent ratio 22.8). 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.