Gross rental yield by local authority, England and Wales

Updated monthly. The gross yield is ONS’s average monthly rent (on new and existing tenancies) times 12, against the HM Land Registry median price of standard sales (category A), for the same property type, the same local authority and the same 12 months.

It is gross, before costs, voids, tax and finance, and it is not advice. The rent is a mean and the price a median, and the homes rented and the homes sold differ, so these are area averages, not a valuation.

The rents come from the ONS Price Index of Private Rents (PIPR). PIPR figures are statistics in development and are not seasonally adjusted.

Scotland and Northern Ireland are not covered: PIPR publishes them by Broad Rental Market Area, and HM Land Registry has no data for them. City of London and the Isles of Scilly are not covered either: PIPR does not publish them.

On a property-type row the yield is withheld, shown as –, when the type has fewer than 20 sales, or when it is below half of the authority’s all-homes yield, which we take as a sign that the rented and the sold homes of that type are not alike. The rent, sales and median are still given.

For outcode and bedroom level from current listings, use the UK Property Listings Actor’s rentalYield summary.

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Latest table: 2026-10, rents and sales from 2025-08 to 2026-07, PIPR edition of 2026-10-21; 316 local authorities, 1,580 rows, 1,552 with a yield and 27 type yields withheld. Built 2026-11-06.

The table is offered under the Open Government Licence v3.0. Each dated file stays as it was first published.

Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0.

Source: Office for National Statistics licensed under the Open Government Licence v3.0.

Contains OS data © Crown copyright and database right 2026. Contains Royal Mail data © Royal Mail copyright and database right 2026.

Method

Gross yield is the average monthly rent times 12, divided by the median price, as a percentage to one decimal place. The rent is the mean of the 12 monthly figures of the ONS Price Index of Private Rents (PIPR, ONS statistics in development), an average of rents on new and existing tenancies, for the same 12 months as the sales, in whole pounds; it is null unless all 12 months are available, and PIPR is not seasonally adjusted. The price is the median of HM Land Registry category A (standard price paid) sales over those 12 months, null when there are fewer than 5 sales (a quality threshold: every sale is already published by HM Land Registry); lowSample is true under 20 sales. On a property-type row the yield is withheld, with the reason in yieldWithheld, when the type has fewer than 20 sales or when it is below half of the authority's all-homes yield (taken as a sign that the rented and the sold homes of the type are not alike); the rent, sales and median are still given. The yield is gross, before costs, voids, tax and finance. The rent is a mean and the price a median, and the mix of homes differs, so these are area averages, not a valuation and not advice. Bedroom rents are context on the all row only: HM Land Registry has no bedroom counts. England and Wales local authorities only: Scotland and Northern Ireland are not covered (PIPR publishes them by Broad Rental Market Area, and HM Land Registry has no data for them), nor are authorities PIPR does not publish (City of London and the Isles of Scilly).

Every row

A – without a note means there is no figure: fewer than 5 sales, or a rent PIPR does not publish for all 12 months.