Grays rental market report
A data-led look at the Grays rental market — rents, yields, demand and the trends shaping Essex.
Grays at a glance
The Grays rental market in Essex is active and competitive, with average rents around £1,580 pcm and rents up roughly 5.2% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across RM16, RM17, RM20.
Average rent
£1,580 pcm
Average price
£351,000
Gross yield
6.3%
Rent growth (1yr)
+5.2%
Tenant demand
High
Avg. void period
15 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £646 | £7,752 |
| 1-bed flat | £1,231 | £14,772 |
| 2-bed flat | £1,539 | £18,468 |
| 3-bed house | £1,970 | £23,640 |
| 4-bed house | £2,539 | £30,468 |
Demand insights
Tenant demand in Grays is currently high. Well-presented, compliant homes typically let within 15 days, and verified tenants on DR Rent are matched to suitable Grays properties as soon as they list.
Market trends
- Rents in Grays are up around 5.2% year on year.
- Average property prices have changed by about 2.6% over 12 months.
- High demand is keeping average void periods near 15 days.
- Compliance standards under the Renters' Rights Act are reshaping the Essex market.
Related guides
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