Stats show £235K borough house price gap

The latest government statistics show a huge gap in house prices in Dudley borough between the richest and poorest areas.

Office of National Statistics data found the average price of a house in the New Dock and Eve Hill postcode area was £159,500 while in Pedmore Fields the average home costs £395,000.

The provisional average house price in the borough as a whole in April 2026 was £230,000 which is an increase of £9,000 or 4.2 percent on the previous year.

Dudley’s average is below the West Midlands average of £251,000 while the provisional UK average house price in April 2026 was £270,000, a £10,000 increase on the previous year.

According to the Home Builders Federation (HBF), home ownership in England peaked in 2003 at 71 percent but by 2024 had dropped to 64.8 percent.

In a report published in January 2026, the HBF said: “A growing number of structural barriers are preventing large sections of the population, particularly younger generations, from accessing home ownership. 

“High deposit requirements, stringent lending criteria, stagnant wage growth relative to house prices, and elevated interest rates have collectively created an environment in which buying a home is beyond reach for many.”

The majority of approved mortgages fund 90 percent of the value of a property and saving for a ten percent deposit to buy a home can be a barrier for potential buyers.

The HBF calculated a potential buyer earning an average wage £32,890 and left with £551 after rent and bills each month could take around seven years to save a ten percent deposit for a home worth £240,000.

The type of home people are looking to buy can make a big difference to affordability; while the provisional average in April 2026 for a semi-detached house in Dudley is £240,000, a detached property shoots up to £359,000.

Terraced houses in the borough go for an average of £199,000 and the average for a flat or maisonette was £117,000.

Prices for flats remained the same compared to the previous year while house prices for all types increased by more than four percent.