Norwich rental market report
A data-led look at the Norwich rental market — rents, yields, demand and the trends shaping Norfolk.
Norwich at a glance
The Norwich rental market in Norfolk is active and competitive, with average rents around £1,475 pcm and rents up roughly 5.7% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across NR1, NR2, NR3.
Average rent
£1,475 pcm
Average price
£305,000
Gross yield
5.6%
Rent growth (1yr)
+5.7%
Tenant demand
High
Avg. void period
26 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £604 | £7,248 |
| 1-bed flat | £1,150 | £13,800 |
| 2-bed flat | £1,437 | £17,244 |
| 3-bed house | £1,839 | £22,068 |
| 4-bed house | £2,371 | £28,452 |
Demand insights
Tenant demand in Norwich is currently high. Well-presented, compliant homes typically let within 26 days, and verified tenants on DR Rent are matched to suitable Norwich properties as soon as they list.
Market trends
- Rents in Norwich are up around 5.7% year on year.
- Average property prices have changed by about 3.7% over 12 months.
- High demand is keeping average void periods near 26 days.
- Compliance standards under the Renters' Rights Act are reshaping the Norfolk market.
Related guides
Stay ahead of the Norwich market
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