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Rental yield in Medway

Medway sits in the upper half for rental yield in England and Wales, a bit above the 4.4% typical figure across all 316 areas.

Over the past year, average prices in Medway rose 1.1% and average rents rose 2.5%.

Gross yield

5%

Average price

£296,182

↑ +1.1% / yr

Average rent

£1,236/mo

↑ +2.5% / yr

National rank

#80 of 316

Who rents here

Census 2021, 111,457 households

20.2% of homes in Medway are private rentals.

Private rented 20.2%Social rented 13.6%Owner occupied 64.7%

Average rent by size

1 bedroom

£899/mo

↑ +2.7% / yr

2 bedrooms

£1,141/mo

↑ +2.6% / yr

3 bedrooms

£1,340/mo

↑ +2.8% / yr

4+ bedrooms

£1,829/mo

↑ +2.1% / yr

1 bed£899
2 beds£1,141
3 beds£1,340
4+ beds£1,829

Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).

Council tax bands (2026-27)

Band A

£1,553

Band B

£1,811

Band C

£2,070

Band D

£2,329

Band E

£2,847

Band F

£3,364

Band G

£3,882

Band H

£4,658

Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.

Work out the yield on a specific property

Pre-filled with the Medway average. Change them for a real property.

Gross yield5%

That is right on the Medway average of 5%. Add costs for a net estimate.

How it compares

Medway5%
Highest (Newcastle upon Tyne)6.9%
Typical (median)4.4%
Lowest (Derbyshire Dales)2.8%

Areas with a similar yield

North East Lincolnshire 5%Derby 5%Thurrock 5%Milton Keynes 5%Broxbourne 5%Thanet 5%
See it on the yield mapWork out a specific dealCheck this area

Common questions

Is Medway a good place to buy to let?

It is around the middle for rental income, at a 5% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.

Are rents rising in Medway?

Over the past year, average rents in Medway rose 2.5% and average prices rose 1.1% (HM Land Registry and ONS, to 2026-07).

Is there rental demand in Medway?

Rent movement is the best free proxy for tenant demand, and average rents in Medway rose 2.5% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 20.2% of Medway's 111,457 households rented privately (13.6% social rented, 64.7% owner occupied).

What is the average rent for a 1, 2 or 3 bedroom property in Medway?

As of 2026-07, average monthly rents in Medway by property size are £899 for a 1 bedroom property, £1,141 for a 2 bedroom property, £1,340 for a 3 bedroom property, £1,829 for a 4 or more bedroom property (ONS). The all-size average is £1,236 a month.

How much is council tax in Medway?

In 2026-27, the average Band D council tax in Medway is £2,329 a year including police and other precepts. Bills scale with the property's band: from £1,553 for Band A up to £4,658 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.

What is a good rental yield in the UK?

As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Medway is at 5%.

Weighing up Medway? Ask people who invest there in the free Housetrix Discord, or browse every area ranked by yield.

Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (01/06/2026). Average rent: ONS Price Index of Private Rents (2026-07). Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.

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