HomesIndex

Local market reports › MK

MK local market report Milton Keynes

Every figure on this page comes from the public record: 331,993 sales registered with HM Land Registry in the MK postcode area (Milton Keynes) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.

Sales data to May 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.

MK is the postcode area centred on Milton Keynes, taking in 26 districts. Figures this wide smooth over big local differences, so use the district reports below for anywhere specific.

Where MK sits

Click the map to open MK on the live map, with every sale plotted at its address. The average pricing view shades the whole country the same way.

HPALWDSGOXENCVCBBCMGLWRMK
£340,000median sold price, 2026
+6%five-year change (cash)
6,736sales in the last 12 months
4.7%gross rental yield (est.)

What a home in MK sells for

The 2026 median in MK is £340,000, from 1,959 registered sales; the mean, £373,500, sits modestly above it, the usual shape of a market with an expensive tail.

For scale: the England and Wales median is £274,000, so MK trades 24% above the country as a whole.

The price of a typical MK home, 1995 to 2026

The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.

Price at the timeIn today's money (CPIH)
£125k£250k£375k£500k1995200020052010201520202026 1995: £56,000 at the time · £118,892 in today's money · 8,821 sales1996: £57,500 at the time · £118,433 in today's money · 10,664 sales1997: £62,000 at the time · £124,180 in today's money · 11,973 sales1998: £67,500 at the time · £133,071 in today's money · 11,602 sales1999: £75,000 at the time · £145,980 in today's money · 13,614 sales2000: £87,500 at the time · £167,708 in today's money · 12,521 sales2001: £100,000 at the time · £187,755 in today's money · 13,349 sales2002: £123,500 at the time · £226,937 in today's money · 14,371 sales2003: £142,000 at the time · £255,489 in today's money · 12,230 sales2004: £160,000 at the time · £283,805 in today's money · 12,376 sales2005: £165,000 at the time · £286,776 in today's money · 10,619 sales2006: £173,000 at the time · £293,292 in today's money · 13,423 sales2007: £184,000 at the time · £304,826 in today's money · 13,101 sales2008: £180,000 at the time · £288,167 in today's money · 7,067 sales2009: £171,000 at the time · £268,464 in today's money · 7,061 sales2010: £190,000 at the time · £291,010 in today's money · 7,101 sales2011: £185,000 at the time · £272,756 in today's money · 6,995 sales2012: £194,700 at the time · £279,881 in today's money · 7,212 sales2013: £200,000 at the time · £281,059 in today's money · 8,793 sales2014: £218,500 at the time · £302,741 in today's money · 10,384 sales2015: £240,000 at the time · £331,200 in today's money · 11,027 sales2016: £260,000 at the time · £355,248 in today's money · 11,429 sales2017: £277,500 at the time · £369,643 in today's money · 11,217 sales2018: £290,000 at the time · £377,547 in today's money · 10,921 sales2019: £290,000 at the time · £371,243 in today's money · 10,759 sales2020: £310,000 at the time · £392,837 in today's money · 9,555 sales2021: £320,000 at the time · £395,699 in today's money · 13,767 sales2022: £355,000 at the time · £406,556 in today's money · 11,373 sales2023: £350,000 at the time · £375,583 in today's money · 8,523 sales2024: £345,000 at the time · £358,239 in today's money · 9,428 sales2025: £350,000 at the time · £350,000 in today's money · 8,758 sales2026: £340,000 at the time · £340,000 in today's money · 1,959 sales
See this chart as a table
YearMedian (cash)Median (today's £)Sales
2026£340,000£340,0001,959
2025£350,000£350,0008,758
2024£345,000£358,2399,428
2023£350,000£375,5838,523
2022£355,000£406,55611,373
2021£320,000£395,69913,767
2020£310,000£392,8379,555
2019£290,000£371,24310,759
2018£290,000£377,54710,921
2017£277,500£369,64311,217
2016£260,000£355,24811,429
2015£240,000£331,20011,027
2014£218,500£302,74110,384
2013£200,000£281,0598,793
2012£194,700£279,8817,212
2011£185,000£272,7566,995
2010£190,000£291,0107,101
2009£171,000£268,4647,061
2008£180,000£288,1677,067
2007£184,000£304,82613,101
2006£173,000£293,29213,423
2005£165,000£286,77610,619
2004£160,000£283,80512,376
2003£142,000£255,48912,230
2002£123,500£226,93714,371
2001£100,000£187,75513,349
2000£87,500£167,70812,521
1999£75,000£145,98013,614
1998£67,500£133,07111,602
1997£62,000£124,18011,973
1996£57,500£118,43310,664
1995£56,000£118,8928,821

In cash terms the typical MK home went from £56,000 in 1995 to £340,000 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 186%: homes here genuinely became dearer, not just more expensive on paper. Measured in today's money the market peaked in 2022; the current median sits about 16% below that. Someone who bought at the 2022 peak has not yet seen that price back in real terms.

Year-on-year change in the MK median

Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.

+25% -25% 0% 1996 · +2.7% on the year before1997 · +7.8% on the year before1998 · +8.9% on the year before1999 · +11.1% on the year before2000 · +16.7% on the year before2001 · +14.3% on the year before2002 · +23.5% on the year before2003 · +15.0% on the year before2004 · +12.7% on the year before2005 · +3.1% on the year before2006 · +4.8% on the year before2007 · +6.4% on the year before2008 · −2.2% on the year before2009 · −5.0% on the year before2010 · +11.1% on the year before2011 · −2.6% on the year before2012 · +5.2% on the year before2013 · +2.7% on the year before2014 · +9.3% on the year before2015 · +9.8% on the year before2016 · +8.3% on the year before2017 · +6.7% on the year before2018 · +4.5% on the year before2019 · +0.0% on the year before2020 · +6.9% on the year before2021 · +3.2% on the year before2022 · +10.9% on the year before2023 · −1.4% on the year before2024 · −1.4% on the year before2025 · +1.4% on the year before2026 · −2.9% on the year before200020052010201520202026

The strongest year on record here is 2002 (+23.5% on the year before); the weakest, 2009 (−5.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

Annualised returns

PeriodCash, per yearReal terms, per year
1 years (since 2025)−2.9%−2.9%
5 years (since 2021)+1.2%−3.0%
10 years (since 2016)+2.7%−0.4%
20 years (since 2006)+3.4%+0.7%

Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.

Transaction volumes

How many homes change hands

Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.

10k20k 1995: 8,821 sales1996: 10,664 sales1997: 11,973 sales1998: 11,602 sales1999: 13,614 sales2000: 12,521 sales2001: 13,349 sales2002: 14,371 sales2003: 12,230 sales2004: 12,376 sales2005: 10,619 sales2006: 13,423 sales2007: 13,101 sales2008: 7,067 sales2009: 7,061 sales2010: 7,101 sales2011: 6,995 sales2012: 7,212 sales2013: 8,793 sales2014: 10,384 sales2015: 11,027 sales2016: 11,429 sales2017: 11,217 sales2018: 10,921 sales2019: 10,759 sales2020: 9,555 sales2021: 13,767 sales2022: 11,373 sales2023: 8,523 sales2024: 9,428 sales2025: 8,758 sales2026: 1,959 sales1995200020052010201520202026

The last five years, month by month

Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.

1,2502,500 June 2021 · 2,088 sales registeredJuly 2021 · 614 sales registeredAugust 2021 · 828 sales registeredSeptember 2021 · 1,538 sales registeredOctober 2021 · 693 sales registeredNovember 2021 · 832 sales registeredDecember 2021 · 1,082 sales registeredJanuary 2022 · 685 sales registeredFebruary 2022 · 798 sales registeredMarch 2022 · 922 sales registeredApril 2022 · 954 sales registeredMay 2022 · 821 sales registeredJune 2022 · 984 sales registeredJuly 2022 · 923 sales registeredAugust 2022 · 1,077 sales registeredSeptember 2022 · 1,110 sales registeredOctober 2022 · 983 sales registeredNovember 2022 · 1,053 sales registeredDecember 2022 · 1,063 sales registeredJanuary 2023 · 605 sales registeredFebruary 2023 · 612 sales registeredMarch 2023 · 767 sales registeredApril 2023 · 593 sales registeredMay 2023 · 592 sales registeredJune 2023 · 882 sales registeredJuly 2023 · 700 sales registeredAugust 2023 · 816 sales registeredSeptember 2023 · 753 sales registeredOctober 2023 · 757 sales registeredNovember 2023 · 732 sales registeredDecember 2023 · 714 sales registeredJanuary 2024 · 537 sales registeredFebruary 2024 · 652 sales registeredMarch 2024 · 800 sales registeredApril 2024 · 622 sales registeredMay 2024 · 722 sales registeredJune 2024 · 759 sales registeredJuly 2024 · 805 sales registeredAugust 2024 · 896 sales registeredSeptember 2024 · 830 sales registeredOctober 2024 · 986 sales registeredNovember 2024 · 866 sales registeredDecember 2024 · 953 sales registeredJanuary 2025 · 705 sales registeredFebruary 2025 · 789 sales registeredMarch 2025 · 1,455 sales registeredApril 2025 · 403 sales registeredMay 2025 · 629 sales registeredJune 2025 · 741 sales registeredJuly 2025 · 740 sales registeredAugust 2025 · 645 sales registeredSeptember 2025 · 654 sales registeredOctober 2025 · 671 sales registeredNovember 2025 · 751 sales registeredDecember 2025 · 575 sales registeredJanuary 2026 · 453 sales registeredFebruary 2026 · 437 sales registeredMarch 2026 · 493 sales registeredApril 2026 · 402 sales registeredMay 2026 · 174 sales registered

MK recorded 6,736 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 12,749 sales a year before the financial crisis and 8,008 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.

What homes rent for around MK

MK falls under Milton Keynes, the local authority covering most of the MK area (parts fall under Bedford and Buckinghamshire, where rents differ), where the ONS puts the average private rent at £1,336 a month (May 2026 figures). A one-bed averages £972 a month here and a four-or-more-bed £2,080, so size does most of the work in setting the rent.

Average monthly rent by size, Milton Keynes

ONS Price Index of Private Rents, May 2026.

1 bed: £972 a month£9721 bed2 bed: £1,210 a month£1,2102 bed3 bed: £1,442 a month£1,4423 bed4+ bed: £2,080 a month£2,0804+ bed

Set against the £340,000 median sold price, £1,336 a month is £16,032 a year, a gross yield of 4.7%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.

Will MK prices rise from here?

Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 6% over five years in cash but down 14% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.

Ladders and snakes: five-year risers and fallers

The spread across the MK area is the point: the same five years treated these districts very differently.

Five-year change in the median, MK area districts

The biggest risers and fallers in cash terms; every row links to that district's report.

MK1MK1 · +113% over five years · median £405,000+113%MK3MK3 · +20% over five years · median £340,000+20%MK42MK42 · +19% over five years · median £315,000+19%MK40MK40 · +17% over five years · median £326,200+17%MK14MK14 · +15% over five years · median £315,000+15%MK11MK11 · −3% over five years · median £320,000−3%MK16MK16 · −3% over five years · median £310,000−3%MK44MK44 · −11% over five years · median £382,500−11%MK8MK8 · −12% over five years · median £307,500−12%MK9MK9 · −36% over five years · median £150,000−36%

District by district

The area medians above hide a lot. Here is every MK district with enough sales to measure, dearest first; each links to its own full report.

DistrictMedian (2026)5-yearSales
MK17 Aspley Guise, Battlesden£410,000+4%93
MK1 Denbigh, Mount Farm£405,000+113%13
MK45 Ampthill, Barton-le-Clay£400,000+9%188
MK5 Crownhill, Elfield Park£395,000+7%43
MK46 Clifton Reynes, Cold Brayfield£395,000-2%45
MK44 Begwary, Bletsoe£382,500-11%50
MK19 Beachampton, Calverton£375,000+3%54
MK43 Bourne End, Brogborough£375,000+7%135
MK18 Addington, Adstock£370,000+3%114
MK10 Brinklow, Broughton£350,000+0%79
MK4 Emerson Valley, Furzton£345,000+6%85
MK3 Church Green, Far Bletchley£340,000+20%105
MK41 Brickhill, Clapham£335,100+12%125
MK40 Biddenham, Castle£326,200+17%120
MK15 Bolbeck Park, Downhead Park£322,500+2%14
MK11 Fairfields, Fullers Slade£320,000-3%49
MK14 Blakelands, Conniburrow£315,000+15%68
MK42 Castle, Cauldwell£315,000+19%181
MK16 Astwood, Broughton£310,000-3%69
MK8 Crownhill, Grange Farm£307,500-12%66
MK13 Bancroft/Bancroft Park, Blue Bridge£287,500+14%72
MK7 Browns Wood, Caldecotte£277,500-1%65
MK12 Greenleys, Hodge Lea£267,500+1%30
MK2 Brickfields, Central Bletchley£258,500+3%52
MK6 Ashland, Beanhill£252,000+5%43
MK9 Central Milton Keynes, Campbell Park£150,000-36%13

Dig further

See every individual MK sale on the live map, mapped to the exact address, or the quick-reference MK price page. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.

How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.