Wakefield rental market report
A data-led look at the Wakefield rental market — rents, yields, demand and the trends shaping West Yorkshire.
Wakefield at a glance
The Wakefield rental market in West Yorkshire is active and competitive, with average rents around £1,669 pcm and rents up roughly 7.3% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across WF1, WF2, WF3.
Average rent
£1,669 pcm
Average price
£448,000
Gross yield
5%
Rent growth (1yr)
+7.3%
Tenant demand
Moderate
Avg. void period
15 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £683 | £8,196 |
| 1-bed flat | £1,301 | £15,612 |
| 2-bed flat | £1,626 | £19,512 |
| 3-bed house | £2,081 | £24,972 |
| 4-bed house | £2,683 | £32,196 |
Demand insights
Tenant demand in Wakefield is currently moderate. Well-presented, compliant homes typically let within 15 days, and verified tenants on DR Rent are matched to suitable Wakefield properties as soon as they list.
Market trends
- Rents in Wakefield are up around 7.3% year on year.
- Average property prices have changed by about 3.3% over 12 months.
- Moderate demand is keeping average void periods near 15 days.
- Compliance standards under the Renters' Rights Act are reshaping the West Yorkshire market.
Related guides
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