Local market reports › TR

TR local market report Truro

Every figure on this page comes from the public record: 190,080 sales registered with HM Land Registry in the TR postcode area (Truro) 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.

TR is the postcode area centred on Truro, taking in 23 districts. Figures this wide smooth over big local differences, so use the district reports below for anywhere specific.

What a home in TR sells for

The 2026 median in TR is £290,000, from 1,263 registered sales; the mean, £333,300, 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 TR trades 6% above the country as a whole.

In cash terms the typical TR home went from £49,000 in 1995 to £290,000 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 179%: 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 18% below that. Someone who bought at the 2022 peak has not yet seen that price back in real terms.

The strongest year on record here is 2002 (+35.7% on the year before); the weakest, 2009 (−8.2%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

Annualised returns

Period	Cash, per year	Real terms, per year
1 years (since 2025)	−1.7%	−1.7%
5 years (since 2021)	+0.6%	−3.6%
10 years (since 2016)	+2.9%	−0.3%
20 years (since 2006)	+2.1%	−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

TR recorded 4,244 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 6,729 sales a year before the financial crisis and 4,746 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 TR

TR falls under Cornwall, the local authority covering most of the TR area, where the ONS puts the average private rent at £1,003 a month (May 2026 figures). A one-bed averages £691 a month here and a four-or-more-bed £1,510, so size does most of the work in setting the rent.

Set against the £290,000 median sold price, £1,003 a month is £12,036 a year, a gross yield of 4.2%: 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 TR 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 17% 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 TR area is the point: the same five years treated these districts very differently.

District by district

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

District	Median (2026)	5-year	Sales
TR21 St Mary's, Hugh Town	£531,200	+77%	20
TR5 St Agnes, Mithian	£425,000	+9%	15
TR3 Truro, Perranwell Station	£380,000	-3%	46
TR20 Ludgvan, Penzance	£380,000	+13%	31
TR12 Helston, Mullion	£354,000	-1%	18
TR26 St Ives, Zennor	£351,800	-6%	74
TR11 Falmouth, Flushing	£350,000	+8%	123
TR4 Blackwater, Frogpool	£327,500	+6%	44
TR19 Pendeen, St Buryan	£325,000	+7%	37
TR8 Carland Cross, Mitchell	£320,000	-2%	45
TR2 Gerrans, Probus	£318,800	-9%	38
TR7 Newquay	£316,000	+5%	116
TR27 Hayle	£291,500	+6%	86
TR17 Marazion	£278,800	-11%	8
TR10 Penryn	£277,500	+11%	42
TR13 Helston	£274,000	+2%	85
TR1 Truro	£273,800	+2%	108
TR16 Lanner, Carharrack	£260,000	+6%	61
TR6 Perranporth, Bolingey	£259,500	-41%	16
TR18 Penzance	£248,200	+6%	52
TR9 St Columb Major	£235,000	-6%	31
TR15 Redruth, Pool	£235,000	+18%	85
TR14 Camborne, Kehelland	£230,000	+18%	98

Dig further

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