West Midlands' cheapest areas 2024: The 10 neighbourhoods with the lowest property prices

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Published 19th Oct 2024, 06:00 GMT

The cheapest areas to buy property in the West Midlands have been revealed

These areas provide a mix of local amenities, schools, and green spaces, making them appealing for families and those looking for more budget-friendly living options within and around Birmingham. A new report ranks all neighbourhoods in the West Midlands based on their average house prices as well as their total house sales year ending March 2024.

Online Marketing Surgery and Cardinal Steels have created their Property Report, which helped rank neighbourhoods in the West Midlands based on their average house prices, using Office for National Statistics data.

Read more: West Midlands' priciest areas 2024: 10 luxury neighbourhoods with the highest property prices

Here are the top 10 neighbourhoods in the West Midlands with the cheapest property prices

The cheapest place to live in the West Midlands is Wolverhampton central. Wolverhampton is not considered a prime economic or cultural hub like London, Manchester, or Birmingham, which leads to less competition for housing. The lack of high demand helps keep property prices and rental costs lower.

1. Wolverhampton Central - Median house prices: £122,500

The cheapest place to live in the West Midlands is Wolverhampton central. Wolverhampton is not considered a prime economic or cultural hub like London, Manchester, or Birmingham, which leads to less competition for housing. The lack of high demand helps keep property prices and rental costs lower. | Express & Star

Like much of the West Midlands, Walsall was heavily reliant on industries such as coal mining, ironworks, and leather production. The decline of these industries, particularly during the 20th century, led to economic stagnation and reduced employment opportunities, which kept housing demand—and prices—low.

2. Walsall Central - median house prices:£130,000

Like much of the West Midlands, Walsall was heavily reliant on industries such as coal mining, ironworks, and leather production. The decline of these industries, particularly during the 20th century, led to economic stagnation and reduced employment opportunities, which kept housing demand—and prices—low. | Network Rail

The average house price in Aston Park as of March 2024 was £130,000 - the cheapest in Birmingham. Unlike other parts of Birmingham that have seen significant regeneration, Aston’s development has been slower. The economic opportunities in the area tend to be more limited

3. Aston Park - median house prices: £130,000

The average house price in Aston Park as of March 2024 was £130,000 - the cheapest in Birmingham. Unlike other parts of Birmingham that have seen significant regeneration, Aston’s development has been slower. The economic opportunities in the area tend to be more limited | Google

The area near to Molineux stadium also has a strong rental market, particularly for lower-income residents, students, or workers who prefer affordable accommodation. This keeps housing prices competitive, as there is demand for budget housing rather than luxury properties, which drives prices down.

4. Waterloo Road, Wolverhampton - median house prices: £131,000

The area near to Molineux stadium also has a strong rental market, particularly for lower-income residents, students, or workers who prefer affordable accommodation. This keeps housing prices competitive, as there is demand for budget housing rather than luxury properties, which drives prices down. | Express & Star

West Midlands Birmingham Office for National Statistics