Sheffield property market
In Sheffield (Yorkshire and The Humber) the average private rent is £922/month (ONS, May 2026) and the average house price is £222,080 (HM Land Registry, April 2026). That puts rent 33% below and house prices 18% below the UK average. The gross rental yield works out at 5.0%.
- Average rent
- £922/mo
- +4.3% YoY
- Average house price
- £222,080
- +3.4% 12m
- Gross rental yield
- 5.0%
- UK avg 6.1%
- Price-to-rent
- 20.1
- UK avg 16.3
Rent vs buy in Sheffield
The average home in Sheffield 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
Nearby areas in Yorkshire and The Humber
- Wakefield£794/mo · £196,895
- Kirklees£775/mo · £205,741
- East Riding of Yorkshire£721/mo · £219,544
- Leeds£1,134/mo · £246,882
- North Yorkshire£833/mo · £270,836
- York£1,182/mo · £308,788
Frequently asked questions
- What is the average rent in Sheffield?
- The average monthly private rent in Sheffield is £922, according to the ONS Price Index of Private Rents (May 2026), +4.3% over the past 12 months. The UK average is £1,383.
- What is the average house price in Sheffield?
- The average house price in Sheffield is £222,080 (HM Land Registry UK House Price Index, April 2026), +3.4% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Sheffield?
- Dividing the average annual rent (£11,064) by the average house price (£222,080) gives a gross rental yield of 5.0% in Sheffield. 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 Sheffield?
- In Sheffield 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.