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Salford · report

Buy or rent in Salford

Owning the average home costs less each month than renting it. 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
£1,173
Owning per month
£1,051

Try your own numbers

Starting from the average sale price of £223,323 and the average private rent of £1,173 a month in Salford, 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 costs less each month than renting.

Rent a month
£1,173
Owning a month, not recovered
£1,051
Interest
£770
Running costs
£186
Return given up
£95
Cash out a month, if buying
£1,216

Gross rental yield in Salford

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
PeriodSalford
Aug 20266.3%
Jul 20266.1%
Jun 20266.0%
May 20266.0%
Apr 20266.1%
Mar 20266.2%
Feb 20266.1%
Jan 20266.1%
Dec 20256.0%
Nov 20256.0%
Oct 20255.9%
Sep 20255.9%
Aug 20256.0%
Jul 20255.9%
Jun 20255.7%
May 20255.4%
Apr 20255.6%
Mar 20255.8%
Feb 20256.0%
Jan 20255.9%
Dec 20245.9%
Nov 20245.8%
Oct 20245.8%
Sep 20245.8%
Aug 20245.9%
Jul 20245.8%
Jun 20245.8%
May 20245.8%
Apr 20245.8%
Mar 20245.8%
Feb 20245.8%
Jan 20245.7%
Dec 20235.6%
Nov 20235.5%
Oct 20235.4%
Sep 20235.4%
Aug 20235.4%
Jul 20235.4%
Jun 20235.4%
May 20235.4%
Apr 20235.3%
Mar 20235.2%
Feb 20235.0%
Jan 20235.0%
Dec 20224.9%
Nov 20224.7%
Oct 20224.7%
Sep 20224.7%
Aug 20224.9%
Jul 20224.9%
Jun 20224.9%
May 20224.8%
Apr 20224.8%
Mar 20224.8%
Feb 20224.8%
Jan 20224.7%
Dec 20214.7%
Nov 20214.7%
Oct 20214.9%
Sep 20214.8%
Aug 20214.8%
Jul 20214.9%
Jun 20215.1%
May 20215.1%
Apr 20215.2%
Mar 20215.1%
Feb 20215.4%
Jan 20215.6%
Dec 20205.8%
Nov 20205.8%
Oct 20205.9%
Sep 20205.9%
Aug 20206.1%
Jul 20206.1%
Jun 20206.1%
May 20205.9%
Apr 20205.9%
Mar 20206.0%
Feb 20206.0%
Jan 20206.0%
Dec 20196.0%
Nov 20196.0%
Oct 20196.0%
Sep 20196.0%
Aug 20195.9%
Jul 20195.9%
Jun 20196.1%
May 20196.1%
Apr 20196.1%
Mar 20196.0%
Feb 20196.0%
Jan 20196.1%
Dec 20186.0%
Nov 20186.0%
Oct 20186.0%
Sep 20186.2%
Aug 20186.3%
Jul 20186.2%
Jun 20186.2%
May 20186.1%
Apr 20186.1%
Mar 20186.0%
Feb 20186.0%
Jan 20186.1%
Dec 20176.1%
Nov 20176.0%
Oct 20175.8%
Sep 20175.8%
Aug 20175.7%
Jul 20175.8%
Jun 20175.9%
May 20176.0%
Apr 20175.9%
Mar 20175.9%
Feb 20175.9%
Jan 20175.9%
Dec 20165.9%
Nov 20166.0%
Oct 20166.1%
Sep 20166.0%
Aug 20166.1%
Jul 20166.0%
Jun 20166.1%
May 20166.2%
Apr 20166.4%
Mar 20166.5%
Feb 20166.5%
Jan 20166.5%
Dec 20156.6%
Nov 20156.5%
Oct 20156.6%
Sep 20156.6%
Aug 20156.7%
Jul 20156.7%
Jun 20156.9%
May 20156.9%
Apr 20156.8%
Mar 20156.8%
Feb 20156.8%
Jan 20156.9%

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 Salford

Next 12 months

Sale prices have an 80% chance of landing between £190,746 and £249,633 by August 2027.

Expected, August 2027
£220,190
Chance of a rise
45%

Affordability

At the average sale price, a home costs £223,323. With 10% down and a 30-year mortgage, the payment is £1,030 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
18%
Payment, one income
35%

New homes

19.3% more homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
910
Per 1,000 residents
3.1

Foreign buyers

Figures for United Kingdom: Salford 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 7 times since 1995. The deepest began in October 2007.

Deepest fall
−22.5%
Recovery from the low
37 months

People and new homes

In 2025 the population grew by 3,573 while 750 homes were finished: 4.8 new residents for every new home.

New residents per new home, 2025
4.8
Population change, 2025
+3,573

Empty homes

7.0% of the 125,164 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
7.0%
Empty homes
8,815

Renovation

In 2025, 6% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
6%