Rental yields›Mid Devon
Rental yield in Mid Devon
Mid Devon sits in the lower half for rental yield in England and Wales, a little below the 4.4% typical figure across all 316 areas.
Over the past year, average prices in Mid Devon fell 1.1% and average rents rose 1.6%.
Gross yield
3.7%
Average price
£284,283
↓ -1.1% / yr
Average rent
£876/mo
↑ +1.6% / yr
National rank
#270 of 316
Who rents here
Census 2021, 35,631 households
18.6% of homes in Mid Devon are private rentals.
Average rent by size
1 bedroom
£640/mo
↑ +1.7% / yr
2 bedrooms
£808/mo
↑ +1.6% / yr
3 bedrooms
£993/mo
↑ +1.6% / yr
4+ bedrooms
£1,449/mo
↑ +0.9% / yr
Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).
Council tax bands (2026-27)
Band A
£1,771
Band B
£2,066
Band C
£2,361
Band D
£2,656
Band E
£3,246
Band F
£3,836
Band G
£4,427
Band H
£5,312
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 Mid Devon average. Change them for a real property.
That is right on the Mid Devon average of 3.7%. Add costs for a net estimate.
How it compares
Areas with a similar yield
Common questions
Is Mid Devon a good place to buy to let?
It is around the middle for rental income, at a 3.7% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Mid Devon?
Over the past year, average rents in Mid Devon rose 1.6% and average prices fell 1.1% (HM Land Registry and ONS, to 2026-07).
Is there rental demand in Mid Devon?
Rent movement is the best free proxy for tenant demand, and average rents in Mid Devon rose 1.6% 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, 18.6% of Mid Devon's 35,631 households rented privately (12.6% social rented, 67.6% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Mid Devon?
As of 2026-07, average monthly rents in Mid Devon by property size are £640 for a 1 bedroom property, £808 for a 2 bedroom property, £993 for a 3 bedroom property, £1,449 for a 4 or more bedroom property (ONS). The all-size average is £876 a month.
How much is council tax in Mid Devon?
In 2026-27, the average Band D council tax in Mid Devon is £2,656 a year including police and other precepts. Bills scale with the property's band: from £1,771 for Band A up to £5,312 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. Mid Devon is at 3.7%.
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.