According to a report released in January, house prices across the UK and in Bristol rose across 2024. Data from the House Price Index, written by property experts Zoopla, revealed that house prices in Bristol rose by 1.7 percent in 2024, and by two percent across the UK as a whole.
Zoopla said that the average house price in Bristol now sits at £341,800. Taking into account a 15 percent deposit, the average salary needed to buy a house in the city is £64,560.
Using this data, Bristol Live crunched the numbers and looked at various areas in Bristol – finding out the salary needed to live in each neighbourhood. The figures brought a stark contrast between particular areas, the average house price in Avonmouth was nearly £400,000 less than in Redland, for example, and within the desirable areas, there was even more of a difference.
But what about the outskirts of Bristol and places near the city? To work in Bristol, you don’t necessarily have to live in the city, so once again Bristol Live worked out the average salary to live in 20 places that make up the outskirts of the city.
We based the calculations on the fact that most lenders would consider lending 4.5 times a borrower’s income as long as finances meet their criteria. In order to draw comparisons, we took the average house price in an area, using data from Rightmove, took off a 15 percent deposit then factored in lenders’ normal mortgage rates to find the salary needed. The salaries have been rounded up to the nearest pound.
It should be noted that other factors, including deposit size and spending habits, will also affect the amount lenders will agree to, meaning the figures below should be taken as a rough guide. The data uses the average price of a house sold within the last 12 months in each area which was correct at the time of writing.
Almondsbury
Average house price sold: £694,667
Household income needed to buy: £131,215
Bradley Stoke
Average house price sold: £348,454
Household income needed to buy: £65,819
Downend
Average house price sold: £379,278
Household income needed to buy: £71,641
Emersons Green
Average house price sold: £396,375
Household income needed to buy: £74,870
Filton
Average house price sold: £324,964
Household income needed to buy: £61,382
Hanham
Average house price sold: £360,002
Household income needed to buy: £68,000
Keynsham
Average house price sold: £385,604
Household income needed to buy: £72,836
Kingswood
Average house price sold: £297,257
Household income needed to buy: £56,149
Long Ashton
Average house price sold: £509,245
Household income needed to buy: £96,191
Lyde Green
Average house price sold: £352,347
Household income needed to buy: £66,554
Patchway
Average house price sold: £293,940
Household income needed to buy: £55,522
Pill
Average house price sold: £343,238
Household income needed to buy: £64,834
Portishead
Average house price sold: £400,967
Household income needed to buy: £75,738
Severn Beach
Average house price sold: £312,036
Household income needed to buy: £58,940
Soundwell
Average house price sold: £304,322
Household income needed to buy: £57,483
Staple Hill
Average house price sold: £317,575
Household income needed to buy: £59,986
Stoke Gifford
Average house price sold: £379,062
Household income needed to buy: £71.601
Thornbury
Average house price sold: £369,422
Household income needed to buy: £69,780
Warmley
Average house price sold: £338,684
Household income needed to buy: £69,974
Yate
Average house price sold: £307,060
Household income needed to buy: £58,000