Property values in Peterborough, Cambridgeshire, reached an average of £231,000 in November 2025, as the local housing market showed signs of steady growth. According to data from the Office for National Statistics (ONS), prices increased by 2.2% over the previous 12 months.
ONS data show much of the increase was concentrated in family-sized housing: the value of semi‑detached homes rose by 3.4% over the year, while prices for flats fell by 1.6% — a pattern local analysis describes as a “split‑speed” recovery and reflective of continued demand for more space.
Local officials point to major regeneration as one factor supporting the market, notably the Station Quarter. The Station Quarter is a regeneration scheme with an expected total cost of around £65 million, including roughly £47.8 million of government Levelling Up funding; Peterborough City Council and project partners say the project should help unlock further investment and bolster confidence in the city.
While average house prices have rose modestly, renters are facing higher costs. ONS figures show average private rents in Peterborough reached £972 in December 2025. Separately, Peterborough Today reported in June 2024 that average rents accounted for about 40% of a typical local worker’s monthly income — a figure based on earlier ONS data (the story cited an average rent of £895 for May 2024).
Despite the recent rise, property prices remain below the £260,000 peak recorded in 2023. Analysts say the new figures point to a market that is stabilising after a period of elevated interest rates and a prior correction.
