
Buying a house is expensive and only getting more so. Last year, average house prices in England increased by 4.3%, meaning that the average price of a property in England is now £291,000. Luckily for us, it’s cheaper than that in the West Midlands. It’ll cost you, on average, around £244,000 to purchase a home in the region (rising by 4.2%). Still, that’s a lot of money.
This is according to the HM Land Registry, which revealed the UK House Price Index last week (Wednesday, February 19). Looking at average house prices in the 12 months up to December 2024, it also found that the average first-time buyer in the West Midlands was spending £207,359 on a property, while a “former owner occupier” is spending about £294,490.
Where are the cheapest places to buy in the West Midlands?
Handily, the UK HPI also breaks down the data of local authorities’ average house prices, with a mix of unitary, county and district councils. We’ll cut straight to the chase. The cheapest place to buy a house in the West Midlands is Stoke-on-Trent and it’s not even close.
The average property in the UK’s pottery capital is £142,901 (up 5.2% on the previous year), making it one of the cheapest places in England – the cheapest is Burnley (£122,188). The next cheapest is the West Midlands region miles away in Newcastle-under-Lyme (£195,831).
Meanwhile, Birmingham’s average property price is £232,231, which asks the question: Is the Second City £89,330 better than Stoke? Yes, obviously. Plus, there are some cheaper options to buy a property that won’t drag you far, far away from the City of a Thousand Trades. The likes of Sandwell (£199,465), Wolverhampton (£205,961) and Walsall (£207,319) all offer a bargain.
On the other end of the scale, those with a lot of money are flocking to Stratford-on-Avon, where the average house price is £387,411 (up 7.0% on the previous year). Elsewhere, you’re looking to spend over the national average in Bromsgrove (£326,649), Lichfield (£333,858) and Solihull (£335,368).
The cheapest average property prices in the West Midlands:
- Stoke-on-Trent: £142,901 (5.2%)
- Newcastle-under-Lyme: £195,831 (5.1%)
- Sandwell: £199,465 (2.7%)
- Wolverhampton: £205,961 (4.0%)
- Walsall: £207,319 (1.7%)
- Staffordshire Moorlands: £210,370 (1.1%)
- Telford and Wrekin: £218,397 (3.6%)
- Cannock Chase: £219,618 (2.1%)
- East Staffordshire: £221,158 (8.7%)
- Dudley: £223,892 (3.0%)
- Tamworth: £224,925 (1.0%)
- Coventry: £227,509 (7.3%)
- Birmingham: £232,231 (3.3%)
- Nuneaton and Bedworth: £233,519 (5.8%)
- Wyre Forest: £236,700 (5.1%)
- Redditch: £240,350 (2.3%)
- Staffordshire: £240,561 (5.1%)
- Stafford: £246,366 (2.4%)
- Worcester: £254,272 (2.6%)
- North Warwickshire: £262,838 (-0.7%)
- Rugby: £277,393 (0.9%)
- Shropshire: £278,003 (5.3%)
- Worcestershire: £284,822 (1.7%)
- Herefordshire: £286,443 (2.0%)
- Warwickshire: £305,497 (4.0%)
- Wychavon: £318,610 (0.9%)
- Bromsgrove £326,649 (-1.8%)
- Lichfield: £333,858 (10.3%)
- Solihull: £335,368 (3.4%)
- Malvern Hills: £341,585 (1.7%)
- Warwick: £361,113 (4.1%)
- Stratford-on-Avon: £387,411 (7.0%)
To see the complete UK House Price Index for England head here.