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MK2 local market report Milton Keynes

Every figure on this page comes from the public record: 7,860 sales registered with HM Land Registry in MK2 (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.

MK2 is the postcode district covering Brickfields, Central Bletchley, Fenny Stratford in Milton Keynes. Districts are a practical way to slice a market: small enough to mean something locally, big enough to have a steady flow of sales to measure.

Where MK2 sits

Click the map to open MK2 on the live map, with every sale plotted at its address. The average pricing view shades the whole country the same way.

MK1MK3MK7MK4MK5MK2
£258,500median sold price, 2026
+3%five-year change (cash)
165sales in the last 12 months
6.2%gross rental yield (est.)

What a home in MK2 sells for

The 2026 median in MK2 is £258,500, from 52 registered sales; the mean, £262,500, sits almost on top of it, so sales bunch tightly around the typical price.

For scale: the England and Wales median is £274,000, so MK2 trades 6% below the country as a whole.

The price of a typical MK2 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: £35,000 at the time · £74,308 in today's money · 150 sales1996: £40,000 at the time · £82,388 in today's money · 172 sales1997: £44,200 at the time · £88,528 in today's money · 208 sales1998: £47,200 at the time · £93,051 in today's money · 224 sales1999: £51,700 at the time · £100,629 in today's money · 264 sales2000: £61,000 at the time · £116,917 in today's money · 253 sales2001: £73,000 at the time · £137,061 in today's money · 285 sales2002: £80,500 at the time · £147,923 in today's money · 305 sales2003: £99,500 at the time · £179,022 in today's money · 290 sales2004: £118,800 at the time · £210,725 in today's money · 269 sales2005: £120,000 at the time · £208,564 in today's money · 272 sales2006: £138,000 at the time · £233,956 in today's money · 289 sales2007: £160,500 at the time · £265,894 in today's money · 514 sales2008: £132,500 at the time · £212,123 in today's money · 286 sales2009: £130,000 at the time · £204,096 in today's money · 251 sales2010: £145,000 at the time · £222,087 in today's money · 158 sales2011: £140,000 at the time · £206,410 in today's money · 156 sales2012: £135,000 at the time · £194,063 in today's money · 205 sales2013: £138,700 at the time · £194,914 in today's money · 261 sales2014: £150,000 at the time · £207,831 in today's money · 256 sales2015: £167,500 at the time · £231,150 in today's money · 321 sales2016: £192,200 at the time · £262,610 in today's money · 264 sales2017: £208,000 at the time · £277,066 in today's money · 319 sales2018: £220,000 at the time · £286,415 in today's money · 339 sales2019: £190,000 at the time · £243,228 in today's money · 217 sales2020: £219,200 at the time · £277,774 in today's money · 182 sales2021: £250,000 at the time · £309,140 in today's money · 267 sales2022: £262,500 at the time · £300,622 in today's money · 225 sales2023: £255,000 at the time · £273,639 in today's money · 201 sales2024: £222,200 at the time · £230,727 in today's money · 204 sales2025: £260,000 at the time · £260,000 in today's money · 201 sales2026: £258,500 at the time · £258,500 in today's money · 52 sales
See this chart as a table
YearMedian (cash)Median (today's £)Sales
2026£258,500£258,50052
2025£260,000£260,000201
2024£222,200£230,727204
2023£255,000£273,639201
2022£262,500£300,622225
2021£250,000£309,140267
2020£219,200£277,774182
2019£190,000£243,228217
2018£220,000£286,415339
2017£208,000£277,066319
2016£192,200£262,610264
2015£167,500£231,150321
2014£150,000£207,831256
2013£138,700£194,914261
2012£135,000£194,063205
2011£140,000£206,410156
2010£145,000£222,087158
2009£130,000£204,096251
2008£132,500£212,123286
2007£160,500£265,894514
2006£138,000£233,956289
2005£120,000£208,564272
2004£118,800£210,725269
2003£99,500£179,022290
2002£80,500£147,923305
2001£73,000£137,061285
2000£61,000£116,917253
1999£51,700£100,629264
1998£47,200£93,051224
1997£44,200£88,528208
1996£40,000£82,388172
1995£35,000£74,308150

In cash terms the typical MK2 home went from £35,000 in 1995 to £258,500 in 2026, roughly 7 times the price. Even after inflation that is a real rise of about 248%: homes here genuinely became dearer, not just more expensive on paper. Measured in today's money the market peaked in 2021; the current median sits about 16% below that. Someone who bought at the 2021 peak has not yet seen that price back in real terms.

Year-on-year change in the MK2 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 · +14.3% on the year before1997 · +10.5% on the year before1998 · +6.8% on the year before1999 · +9.5% on the year before2000 · +18.0% on the year before2001 · +19.7% on the year before2002 · +10.3% on the year before2003 · +23.6% on the year before2004 · +19.4% on the year before2005 · +1.0% on the year before2006 · +15.0% on the year before2007 · +16.3% on the year before2008 · −17.4% on the year before2009 · −1.9% on the year before2010 · +11.5% on the year before2011 · −3.4% on the year before2012 · −3.6% on the year before2013 · +2.7% on the year before2014 · +8.1% on the year before2015 · +11.7% on the year before2016 · +14.7% on the year before2017 · +8.2% on the year before2018 · +5.8% on the year before2019 · −13.6% on the year before2020 · +15.4% on the year before2021 · +14.1% on the year before2022 · +5.0% on the year before2023 · −2.9% on the year before2024 · −12.9% on the year before2025 · +17.0% on the year before2026 · −0.6% on the year before200020052010201520202026

The strongest year on record here is 2003 (+23.6% on the year before); the weakest, 2008 (−17.4%). 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)−0.6%−0.6%
5 years (since 2021)+0.7%−3.5%
10 years (since 2016)+3.0%−0.2%
20 years (since 2006)+3.2%+0.5%

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.

5001,000 1995: 150 sales1996: 172 sales1997: 208 sales1998: 224 sales1999: 264 sales2000: 253 sales2001: 285 sales2002: 305 sales2003: 290 sales2004: 269 sales2005: 272 sales2006: 289 sales2007: 514 sales2008: 286 sales2009: 251 sales2010: 158 sales2011: 156 sales2012: 205 sales2013: 261 sales2014: 256 sales2015: 321 sales2016: 264 sales2017: 319 sales2018: 339 sales2019: 217 sales2020: 182 sales2021: 267 sales2022: 225 sales2023: 201 sales2024: 204 sales2025: 201 sales2026: 52 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.

2550 June 2021 · 32 sales registeredJuly 2021 · 14 sales registeredAugust 2021 · 10 sales registeredSeptember 2021 · 37 sales registeredOctober 2021 · 13 sales registeredNovember 2021 · 23 sales registeredDecember 2021 · 18 sales registeredJanuary 2022 · 18 sales registeredFebruary 2022 · 13 sales registeredMarch 2022 · 22 sales registeredApril 2022 · 15 sales registeredMay 2022 · 20 sales registeredJune 2022 · 24 sales registeredJuly 2022 · 20 sales registeredAugust 2022 · 15 sales registeredSeptember 2022 · 22 sales registeredOctober 2022 · 17 sales registeredNovember 2022 · 23 sales registeredDecember 2022 · 16 sales registeredJanuary 2023 · 17 sales registeredFebruary 2023 · 13 sales registeredMarch 2023 · 24 sales registeredApril 2023 · 9 sales registeredMay 2023 · 10 sales registeredJune 2023 · 16 sales registeredJuly 2023 · 12 sales registeredAugust 2023 · 18 sales registeredSeptember 2023 · 16 sales registeredOctober 2023 · 27 sales registeredNovember 2023 · 22 sales registeredDecember 2023 · 17 sales registeredJanuary 2024 · 15 sales registeredFebruary 2024 · 17 sales registeredMarch 2024 · 18 sales registeredApril 2024 · 15 sales registeredMay 2024 · 12 sales registeredJune 2024 · 13 sales registeredJuly 2024 · 26 sales registeredAugust 2024 · 18 sales registeredSeptember 2024 · 16 sales registeredOctober 2024 · 19 sales registeredNovember 2024 · 15 sales registeredDecember 2024 · 20 sales registeredJanuary 2025 · 19 sales registeredFebruary 2025 · 17 sales registeredMarch 2025 · 31 sales registeredApril 2025 · 8 sales registeredMay 2025 · 13 sales registeredJune 2025 · 14 sales registeredJuly 2025 · 16 sales registeredAugust 2025 · 17 sales registeredSeptember 2025 · 14 sales registeredOctober 2025 · 16 sales registeredNovember 2025 · 21 sales registeredDecember 2025 · 15 sales registeredJanuary 2026 · 14 sales registeredFebruary 2026 · 6 sales registeredMarch 2026 · 12 sales registeredApril 2026 · 15 sales registeredMay 2026 · 5 sales registered

MK2 recorded 165 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 310 sales a year before the financial crisis and 177 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 MK2

MK2 falls under Milton Keynes, 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 £258,500 median sold price, £1,336 a month is £16,032 a year, a gross yield of 6.2%: 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 MK2 prices rise from here?

Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 3% over five years in cash but down 16% 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

MK2 ranks 14 of 26 in the MK area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.

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%MK2MK2 · +3% over five years · median £258,500+3%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%

Inside MK2, street group by street group

Postcode sectors are the next slice down, each a group of streets. Prices can differ sharply between two sectors a few minutes' walk apart.

SectorMedian (latest)Sales that year
MK2 2£295,00029
MK2 3£240,00023

How MK2 compares nearby

Same city, different markets. The neighbouring districts of the MK area, dearest first:

DistrictMedian5-year
MK17£410,000+4%
MK1£405,000+113%
MK45£400,000+9%
MK5£395,000+7%
MK46£395,000-2%
MK44£382,500-11%
MK19£375,000+3%
MK43£375,000+7%
MK18£370,000+3%
MK10£350,000+0%
MK4£345,000+6%
MK3£340,000+20%
MK41£335,100+12%
MK40£326,200+17%
MK15£322,500+2%
MK11£320,000-3%
MK14£315,000+15%
MK42£315,000+19%
MK16£310,000-3%
MK8£307,500-12%
MK13£287,500+14%
MK7£277,500-1%
MK12£267,500+1%
MK2 (this report)£258,500+3%

Dig further

See every individual MK2 sale on the live map, mapped to the exact address, or the quick-reference MK2 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.