Medway Property Prices and Rents
A quick local authority snapshot for prices, rents, local incomes and market direction. Use the deeper market pages for sales, rental and affordability evidence.
Medway market at a glance
Page refreshed 5 July 2026Average house price£294,322
MoM -0.9%YoY +0.1%
Average private rent£1,238
MoM +0.1%YoY +3.3%
Median annual pay£40,212ASHE 2025
Employment rate81.7%Aged 16-64
What this means
Medway house prices are rising modestly compared with last year. Rent and wage data help compare local affordability and demand.
Data freshness
- House price data
- April 2026
- Rent data
- May 2026
- Pay data
- Jan 2025-Dec 2025 / ASHE 2025
Official price trend
All homes UK HPI series, last 5Y.
All homes average price was £294,322 in April 2026, 0.9% down over the month and 0.1% up over the year.
Monthly movementDown 0.9%From £296,958 last month
Annual movementUp 0.1%From £294,126 last year
| Month | Average price | Monthly change | Annual change |
|---|---|---|---|
| Month: May 2025 | Average: £294,509 | Monthly: +0.1% | Annual: +6.2% |
| Month: June 2025 | Average: £293,368 | Monthly: -0.4% | Annual: +4.8% |
| Month: July 2025 | Average: £296,073 | Monthly: +0.9% | Annual: +4.2% |
| Month: August 2025 | Average: £296,950 | Monthly: +0.3% | Annual: +3.7% |
| Month: September 2025 | Average: £296,173 | Monthly: -0.3% | Annual: +3.2% |
| Month: October 2025 | Average: £296,028 | Monthly: 0.0% | Annual: +3.1% |
| Month: November 2025 | Average: £295,538 | Monthly: -0.2% | Annual: +2.8% |
| Month: December 2025 | Average: £296,718 | Monthly: +0.4% | Annual: +3.0% |
| Month: January 2026 | Average: £296,865 | Monthly: 0.0% | Annual: +2.1% |
| Month: February 2026 | Average: £297,459 | Monthly: +0.2% | Annual: +1.7% |
| Month: March 2026 | Average: £296,958 | Monthly: -0.2% | Annual: +0.2% |
| Month: April 2026 | Average: £294,322 | Monthly: -0.9% | Annual: +0.1% |
Continue Medway Research
House Prices And Sold-Price Evidence
UK HPI shows £294,322 for April 2026, with raw completed-sale evidence from HM Land Registry.
Open pageRents, Yield And Rental DemandONS private rents show £1,238 average rent, with an indicative gross yield signal.
Open pageWages, Employment And AffordabilityMedian resident pay is £40,212 and helps compare local affordability.
Open pageMedway Property GuidesOpen local-authority-specific guides that explain how to use the data safely.
Open pageSources of this data
UK House Price Index (ONS) · Office for National Statistics Private Rent Index · ASHE earnings data
Official property market data is usually delayed because figures are published after the reporting month has ended.
Medway market commentary
What the latest official data may mean for buyers, renters and investors.
Medway’s average house price stood at £294,322 in April 2026, according to the UK House Price Index. That was down 0.9% on the month, after a smaller fall of 0.2% in March.
Prices are therefore softer in the latest reading, even though the market remains close to the £300,000 mark.
Medway’s average private rent stood at £1,238 in May 2026, according to the ONS Price Index of Private Rents. That was up £1 on the month, after April’s small dip to £1,237.
The latest monthly movement was modest, with rents rising by 0.1% between April and May.
Medway’s latest ONS and Nomis labour market profile points to a relatively strong resident workforce base. The city had a resident population of 292,655 in 2024, which gives useful context for the scale of the local labour market and the number of households relying on local earnings.