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Coventry · report

Buy or rent in Coventry

Owning and renting the average home cost about the same each month. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£1,022
Owning per month
£1,072

Try your own numbers

Starting from the average sale price of £227,721 and the average private rent of £1,022 a month in Coventry, and a mortgage rate of 4.6%.

Assumptions
4.6
1
Buildings insurance, maintenance, and any service charge and ground rent. Council tax is paid by tenants too, so it is left out.
3
What the deposit and purchase costs could earn if invested instead.
7
Stamp duty (land transaction tax in Wales, LBTT in Scotland), conveyancing, survey and lender's fees, paid once.

Owning and renting cost about the same each month.

Rent a month
£1,022
Owning a month, not recovered
£1,072
Interest
£786
Running costs
£190
Return given up
£97
Cash out a month, if buying
£1,240

Gross rental yield in Coventry

A year's rent as a share of the average sale price, month by month. Higher means rent is dear compared with buying.

Show the numbers
PeriodCoventry
Aug 20265.4%
Jul 20265.4%
Jun 20265.5%
May 20265.6%
Apr 20265.6%
Mar 20265.6%
Feb 20265.6%
Jan 20265.5%
Dec 20255.5%
Nov 20255.5%
Oct 20255.5%
Sep 20255.5%
Aug 20255.5%
Jul 20255.4%
Jun 20255.5%
May 20255.5%
Apr 20255.5%
Mar 20255.4%
Feb 20255.4%
Jan 20255.4%
Dec 20245.4%
Nov 20245.3%
Oct 20245.3%
Sep 20245.3%
Aug 20245.3%
Jul 20245.3%
Jun 20245.4%
May 20245.4%
Apr 20245.4%
Mar 20245.2%
Feb 20245.2%
Jan 20245.1%
Dec 20235.1%
Nov 20235.1%
Oct 20235.0%
Sep 20234.9%
Aug 20234.9%
Jul 20234.9%
Jun 20234.9%
May 20234.9%
Apr 20234.7%
Mar 20234.7%
Feb 20234.6%
Jan 20234.6%
Dec 20224.5%
Nov 20224.4%
Oct 20224.4%
Sep 20224.4%
Aug 20224.5%
Jul 20224.5%
Jun 20224.6%
May 20224.6%
Apr 20224.6%
Mar 20224.6%
Feb 20224.7%
Jan 20224.7%
Dec 20214.7%
Nov 20214.7%
Oct 20214.7%
Sep 20214.7%
Aug 20214.7%
Jul 20214.7%
Jun 20214.7%
May 20214.8%
Apr 20214.8%
Mar 20214.8%
Feb 20214.8%
Jan 20214.9%
Dec 20204.9%
Nov 20204.9%
Oct 20204.9%
Sep 20204.9%
Aug 20204.9%
Jul 20204.9%
Jun 20204.9%
May 20205.0%
Apr 20205.0%
Mar 20204.9%
Feb 20205.0%
Jan 20204.9%
Dec 20195.0%
Nov 20195.0%
Oct 20194.9%
Sep 20194.9%
Aug 20194.9%
Jul 20195.0%
Jun 20194.9%
May 20195.0%
Apr 20194.9%
Mar 20195.0%
Feb 20194.9%
Jan 20194.9%
Dec 20184.9%
Nov 20184.9%
Oct 20184.9%
Sep 20184.9%
Aug 20184.8%
Jul 20184.9%
Jun 20184.9%
May 20185.0%
Apr 20185.0%
Mar 20184.9%
Feb 20184.9%
Jan 20184.9%
Dec 20175.0%
Nov 20174.9%
Oct 20174.9%
Sep 20174.9%
Aug 20174.9%
Jul 20174.9%
Jun 20175.0%
May 20175.1%
Apr 20175.2%
Mar 20175.2%
Feb 20175.2%
Jan 20175.1%
Dec 20165.2%
Nov 20165.2%
Oct 20165.1%
Sep 20165.1%
Aug 20165.1%
Jul 20165.1%
Jun 20165.1%
May 20165.2%
Apr 20165.3%
Mar 20165.4%
Feb 20165.4%
Jan 20165.3%
Dec 20155.3%
Nov 20155.3%
Oct 20155.2%
Sep 20155.3%
Aug 20155.3%
Jul 20155.3%
Jun 20155.3%
May 20155.4%
Apr 20155.4%
Mar 20155.5%
Feb 20155.4%
Jan 20155.4%

The comparison counts only the costs of owning you never get back: interest, running costs and what the deposit and purchase costs could earn elsewhere. Loan repayments build equity, so they are left out. So is any rise in the home's value, because nobody knows it in advance. Rents here are ONS's average of all private tenancies, new and continuing, which runs below what a new tenant pays; Scotland's are mostly advertised new lets, and its councils and Northern Ireland's take their nation's figure.

Other reports for Coventry

Next 12 months

Sale prices have an 80% chance of landing between £228,270 and £255,931 by August 2027.

Expected, August 2027
£242,100
Chance of a rise
91%

Affordability

At the average sale price, a home costs £227,721. With 10% down and a 30-year mortgage, the payment is £1,051 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
17%
Payment, one income
33%

New homes

39.3% more homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
1,030
Per 1,000 residents
2.8

Foreign buyers

Figures for United Kingdom: Coventry has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

Past cycles

Sale prices have fallen by 3% or more 3 times since 1995. The deepest began in August 2007.

Deepest fall
−19.8%
Recovery from the low
69 months

People and new homes

In 2025 the population fell by 3,948 while 770 homes were finished.

Homes finished, 2025
770
Population change, 2025
−3,948

Empty homes

6.5% of the 143,408 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
6.5%
Empty homes
9,255

Renovation

In 2025, 11% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
11%