Market outlook for Exeter
Key indicators for buyers
The Exeter market is moderately favourable for buyers. Affordability has improved from a peak of 9.4x in 2022 to 8.3x today. Rising rents (£1,316/mo, +2.9%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Exeter costs 8.3x the local median salary — stretched, improving from a peak of 9.4x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Exeter is £1,316, up 2.9% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Exeter price of £282,108 with a 25% deposit (£71k), a 2-year fixed mortgage at 3.97% costs around £1,113 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£1,113) are £203 less than renting (£1,316). However, buying requires an upfront deposit of £71k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
2, EDWARDS COURT EX2 7RL | Semi-detached | £310,000 | 23 Jan 2026 |
66, COUNTESS WEAR ROAD EX2 6LR | Detached | £765,000 | 22 Jan 2026 |
30, ARMADA COURT, PARKFIELD ROAD, TOPSHAM EX3 0EW | Flat/Maisonette | £400,000 | 20 Jan 2026 |
11, PARK LANE EX4 9HQ | Semi-detached | £550,000 | 20 Jan 2026 |
29, POUND LANE, TOPSHAM EX3 0NA | Semi-detached | £372,000 | 16 Jan 2026 |
FLAT 3, FRIARY COURT, 22, BEDFORD STREET EX1 1GD | Flat/Maisonette | £160,000 | 16 Jan 2026 |
11, HAWTHORN WAY, ALPHINGTON EX2 8YT |
Explore postcodes in Exeter
4postcode districts · Click for detailed prices
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.