Median house-price-to-earnings ratio
housing
Median house price divided by median gross annual workplace earnings for England and Wales. A higher ratio indicates lower affordability.
Latest
7.55 earnings multiple
2025Previous-period movement
-0.19
This describes movement, not whether the outcome is good or bad.Source
Retrieved 2026-09-21 · revision 1Recent observations
| Period | Value | Revision |
|---|---|---|
| 2025 | 7.55 earnings multiple | 1 |
| 2024 | 7.74 earnings multiple | 1 |
| 2023 | 8.28 earnings multiple | 1 |
| 2022 | 8.45 earnings multiple | 1 |
| 2021 | 8.95 earnings multiple | 1 |
| 2020 | 7.82 earnings multiple | 1 |
| 2019 | 7.73 earnings multiple | 1 |
| 2018 | 7.85 earnings multiple | 1 |
| 2017 | 7.77 earnings multiple | 1 |
| 2016 | 7.59 earnings multiple | 1 |
| 2015 | 7.37 earnings multiple | 1 |
| 2014 | 6.95 earnings multiple | 1 |
| 2013 | 6.74 earnings multiple | 1 |
| 2012 | 6.76 earnings multiple | 1 |
| 2011 | 6.74 earnings multiple | 1 |
| 2010 | 6.85 earnings multiple | 1 |
| 2009 | 6.35 earnings multiple | 1 |
| 2008 | 6.9 earnings multiple | 1 |
| 2007 | 7.17 earnings multiple | 1 |
| 2006 | 6.96 earnings multiple | 1 |
| 2005 | 6.74 earnings multiple | 1 |
| 2004 | 6.53 earnings multiple | 1 |
| 2003 | 5.85 earnings multiple | 1 |
| 2002 | 5.06 earnings multiple | 1 |
One reading
Rising property values can strengthen the finances of existing owners and reflect demand.
Another reading
Higher prices and rents can worsen affordability for renters and first-time buyers when earnings do not keep pace.
What the data cannot prove: a movement does not by itself identify its cause or show that every person experienced the same outcome.