Key indicators for buyers
The ME8 market is moderately favourable for buyers. Affordability has improved from a peak of 9.1x in 2023 to 8.3x today. Rising rents (£1,238/mo, +5.7%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Medway area
A home in Medway costs 8.3x the local median salary — stretched, improving from a peak of 9.1x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Medway area
Average monthly rent in Medway is £1,238, up 5.7% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Medway price of £361,500 with a 25% deposit (£90k), a 2-year fixed mortgage at 3.97% costs around £1,427 per month.
Monthly cost comparison based on current data
Uses ME8 avg. price with Medway rental data
Monthly mortgage payments (£1,427) are £189 more than renting (£1,238). However, buying requires an upfront deposit of £90k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
FLAT 12, APPLETREE COURT, 117, HIGH STREET, RAINHAM ME8 8AZ | Flat/Maisonette | £215,000 | 23 Jan 2026 |
319, LONSDALE DRIVE ME8 9JU | Semi-detached | £430,000 | 23 Jan 2026 |
84, BEECHINGS WAY ME8 6LX | Terraced | £280,000 | 21 Jan 2026 |
234, BEECHINGS WAY ME8 6ST | Semi-detached | £425,000 | 21 Jan 2026 |
3, NIGHTINGALE CLOSE, RAINHAM ME8 8HS | Detached | £440,000 | 16 Jan 2026 |
1, BRAMLING WAY, RAINHAM ME8 8FF | Detached | £482,000 | 16 Jan 2026 |
25, HIGH ELMS, RAINHAM ME8 7DJ | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in ME8 sold for £361,500 in 2026, with a median of £320,000 across 14 transactions. Prices rose 0.3% compared to the previous year.
| £340,000 |
| 16 Jan 2026 |
40, WOOLBROOK CLOSE, RAINHAM ME8 8ST | Detached | £545,000 | 9 Jan 2026 |
32, HENRY STREET, RAINHAM ME8 8HE | Terraced | £275,000 | 9 Jan 2026 |
36, CHARING ROAD ME8 6LW | Terraced | £275,000 | 6 Jan 2026 |
16, WILDMAN CLOSE ME8 9SL | Terraced | £270,000 | 6 Jan 2026 |
11, ORCHARD STREET ME8 9AA | Detached | £300,000 | 6 Jan 2026 |
143, BREDHURST ROAD, WIGMORE ME8 0QT | Detached | £615,000 | 6 Jan 2026 |
14, MERSHAM COURT, WAKELEY ROAD, RAINHAM ME8 8EL | Flat/Maisonette | £169,000 | 5 Jan 2026 |
65, LONDON ROAD, RAINHAM ME8 7RH | Detached | £710,000 | 19 Dec 2025 |
2, PEMBURY WAY, RAINHAM ME8 7DL | Terraced | £317,500 | 19 Dec 2025 |
15, HOATH LANE ME8 0SL | Detached | £285,000 | 19 Dec 2025 |
18, CRUNDALE ROAD ME8 6TB | Semi-detached | £325,000 | 18 Dec 2025 |
98, TUFTON ROAD, RAINHAM ME8 7LD | Terraced | £335,000 | 18 Dec 2025 |
38, ELMSTONE ROAD ME8 9BD | Semi-detached | £354,000 | 18 Dec 2025 |
The most recent recorded sale in ME8 was a flat/maisonette property on High Street for £215,000 in January 2026. Across the last 20 sales, the median price was £335,000.