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Housing in Wales: Where are homes most and least affordable?

ONS has estimated that the average house in the year to September 2023 sold for £196,500 in Wales, based on Land Registry figures.

It then worked out the affordability ratio based on average full-time earnings of £32,400.

It said the average Welsh ratio was slightly lower than 2022 but not significantly so.

The affordability ratio peaked at 6.6 in 2007 and has been falling since 2021.

Only Conwy, Flintshire, Newport and Pembrokeshire did not see housing affordability improve compared to 2022.

Neath Port Talbot is the ninth most affordable county across England and Wales, with Kensington and Chelsea in London is the least affordable local authority area. There house prices are more than 34 times average annual earnings.

It also found the most affordable area in London was still less affordable than the least affordable area in north east England.

After Vale of Glamorgan, Monmouthshire and Ceredigion were the least affordable counties to live, based on average full-time earnings.

Highest average prices for houses (£)

  • Cowbridge, Vale of Glamorgan 529,995

  • Cyncoed South & Roath Park, Cardiff 517,500

  • Ogmore-by-Sea & Llandow, Vale of Glamorgan 480,001

  • Lisvane, Cardiff 429,995

  • Peterston-super-Ely & Wenvoe, Vale of Glamorgan 425,000

  • Crickhowell, Llangynidr & Llangorse, Monmouthshire 425,000

  • Penylan North, Cardiff 422,500

  • Heath, Cardiff 422,500

  • Rhaglan & Llantilio Crossenny, Monmouthshire 420,000

  • Chepstow North & Trellech, Monmouthshire 415,000

At a very local level, Cowbridge in the Vale of Glamorgan had the highest average price paid for a house last year in Wales, followed by part of Cyncoed in north Cardiff.

Lowest average prices for houses (£)

  • Tonypandy West & Clydach Vale, RCT 110,000

  • Townhill, Swansea 110,000

  • Caerau, Bridgend 110,000

  • Abertillery South & Llanhilleth, Blaenau Gwent 110,000

  • Merthyr Vale, Troed-y-rhiw & Bedlinog, Merthyr Tydfil 106,000

  • New Tredegar & Darren Valley, Caerphilly 101,500

  • Treherbert, RCT, 100,000

  • Penrhiwceibr, RCT 95,000

  • Ferndale & Maerdy, RCT, 95,000

  • Tylorstown, RCT, 85,000

The lowest was around Tylorstown in Rhondda Cynon Taf, which had four communities in the lowest four for average house prices, in the year to September 2023.


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