Key indicators for buyers
The MK16 market is moderately favourable for buyers. Prices have softened (-17.4%), which could present a buying opportunity. Affordability has improved from a peak of 9.9x in 2021 to 8.4x today. Rising rents (£1,327/mo, +3.3%) 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 Milton Keynes area
A home in Milton Keynes costs 8.4x the local median salary — stretched, improving from a peak of 9.9x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Milton Keynes area
Average monthly rent in Milton Keynes is £1,327, up 3.3% 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 Milton Keynes price of £329,750 with a 25% deposit (£82k), a 2-year fixed mortgage at 3.97% costs around £1,301 per month.
Monthly cost comparison based on current data
Uses MK16 avg. price with Milton Keynes rental data
Monthly mortgage payments (£1,301) are £26 less than renting (£1,327). However, buying requires an upfront deposit of £82k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
14, BARNSBURY GARDENS MK16 0PH | Terraced | £231,000 | 26 Jan 2026 |
28, MEDWAY CLOSE MK16 9DT | Terraced | £340,000 | 12 Jan 2026 |
7, LAMB CLOSE MK16 8QB | Detached | £400,000 | 9 Jan 2026 |
65, MILTON DRIVE MK16 9BT | Semi-detached | £348,000 | 5 Jan 2026 |
32, RUSKIN COURT MK16 0JL | Flat/Maisonette | £190,000 | 19 Dec 2025 |
16, PENNYCRESS WAY MK16 8TT | Flat/Maisonette | £160,000 | 19 Dec 2025 |
9, COLERIDGE CLOSE MK16 8QF | 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 MK16 sold for £329,750 in 2026, with a median of £344,000 across 4 transactions. Prices fell 17.4% compared to the previous year.
| £300,000 |
| 19 Dec 2025 |
TOLL HOUSE, HIGH STREET MK16 8JT | Detached | £1,400,000 | 18 Dec 2025 |
27, GLENWOODS MK16 0NA | Terraced | £270,000 | 16 Dec 2025 |
3, WELLAND DRIVE MK16 9DX | Semi-detached | £415,000 | 15 Dec 2025 |
33, PETERSHAM CLOSE MK16 0JG | Terraced | £177,000 | 12 Dec 2025 |
69, MILTON DRIVE MK16 9BT | Detached | £407,500 | 12 Dec 2025 |
25, BEACONSFIELD PLACE MK16 0EB | Terraced | £270,000 | 12 Dec 2025 |
1, SUNNY SIDE COTTAGES, LITTLE CRAWLEY MK16 9LT | Terraced | £285,000 | 12 Dec 2025 |
47, SALMONS YARD MK16 9FQ | Semi-detached | £453,000 | 12 Dec 2025 |
39, WATER LANE, SHERINGTON MK16 9NP | Other | £450,000 | 11 Dec 2025 |
45, GREENWICH GARDENS MK16 0NP | Terraced | £261,000 | 10 Dec 2025 |
45, UNION STREET MK16 8ET | Detached | £650,000 | 8 Dec 2025 |
18, MEDWAY CLOSE MK16 9DT | Terraced | £342,500 | 5 Dec 2025 |
4, CHARLOCK COURT MK16 8TR | Semi-detached | £285,000 | 5 Dec 2025 |
The most recent recorded sale in MK16 was a terraced property on Barnsbury Gardens for £231,000 in January 2026. Across the last 20 sales, the median price was £340,000.