Average house price in Leicester in 2026

Leicester is one of the more affordable big cities in England to buy in — and one of the busiest markets in the East Midlands. The median home in the city sold for £241,500 in 2025, according to HM Land Registry Price Paid Data (accessed June 2026), based on 2,200 standard arm's-length sales. That is up from £215,825 in 2021 — a rise of 11.9% over four years — but the market has been broadly flat for the last two: the 2024 median was £240,000.

These figures cover the Leicester City Council area only. The wider LE postcode area is much larger and takes in separate Leicestershire districts such as Loughborough, Hinckley and Market Harborough, which are not counted here.

We report the median (the middle sale) rather than the average, because a handful of unusually high-value transactions can pull an average well away from what a typical buyer pays. We also exclude non-standard sales — repossessions, transfers below market value and bulk purchases — to keep the figure representative.

How Leicester prices have moved

Source: HM Land Registry Price Paid Data, completed sales in the Leicester City Council area, standard transactions only. The very latest months are subject to registration lag, so 2025 is treated here as the most recent full year.

What buyers pay by property type

The type of home makes a far bigger difference to price than the year. Across 2025 sales in the city:

Terraced houses are Leicester's most-traded property type by volume — a legacy of the city's extensive Victorian and Edwardian terraces. At a £220,000 median, a terrace costs roughly £147,500 less than a detached home and around £45,750 less than a semi. Flats, concentrated in and around the centre, are the entry point at a £125,000 median.

Leicester by district

Prices vary widely across the city's postcode districts:

City-centre LE1 is the cheapest entry point at a £126,250 median, reflecting a market dominated by flats. The dearest district, LE5 in the east, runs more than double that. You can see the full monthly cost of any Leicester postcode on the Homecost tool.

Leicester compared with its neighbours

Within the East Midlands, Leicester sits at the top of the price ladder among the three core cities — but the picture flips when you look at the annual council tax bill:

Leicester is the dearest of the three to buy, yet Nottingham — the cheapest to buy — carries the highest Band D council tax. For the same breakdown elsewhere in the region, see our guides to average house prices in Nottingham and average house prices in Derby.

What a Leicester home costs each month

Purchase price is only part of the picture. To illustrate the two largest monthly line items on a median Leicester home, take the £241,500 figure with a 10% deposit (£24,150), leaving a £217,350 mortgage.

At the Bank of England's latest quoted rate of 4.32% for a 75% loan-to-value five-year fix (April 2026), a £217,350 repayment mortgage over 25 years would cost approximately £1,186 a month. Your own rate will depend on your lender, deposit size and credit profile — a larger deposit typically unlocks a lower rate. Council tax adds roughly £211 a month at Leicester's Band D rate, though many of the city's terraces and flats fall in lower bands (A to C) and pay less.

On top of those come energy, buildings insurance and maintenance. The Homecost true cost of buying a £250,000 home guide walks through the full stack for a similar price point. This is general information, not advice — speak to a qualified adviser before acting.

The energy efficiency picture

Leicester's older housing stock shows up clearly in its energy ratings. Just 24.5% of the city's homes hold an EPC rating of C or above, well below newer cities — a direct consequence of age. Across 72,000-plus certificates, the split by build era is stark:

Nearly two-thirds of Leicester's certified homes were built before 1945, and fewer than one in twelve of those reaches band C. Post-2003 homes, built under tighter building regulations, are almost all C or better. The gap matters for running costs — for how that translates into bills, see our breakdown of energy costs by EPC rating. (EPC modelled running-cost figures use dated assumptions and should be read as directional, not exact.)

Stamp duty on a median Leicester home

On a £241,500 purchase in England, Stamp Duty Land Tax works out as follows (HMRC rates, 2026):

• Home mover (standard rate): £2,330 — 2% on the slice between £125,000 and £241,500.
• First-time buyer: £0 — first-time buyer relief gives a nil-rate band up to £300,000 on a main home.
• Second home or buy-to-let: roughly £14,405 — the standard bill plus the 5% additional-property surcharge across the whole price.

You can check your own position, including the additional-property and non-resident rules, on the stamp duty calculator, and our guide to first-time buyer stamp duty relief explains who qualifies. Stamp duty rules have exceptions a conveyancer confirms on completion — speak to a qualified adviser before acting.

Check any Leicester street

Homecost shows the true cost of every home on a street — mortgage at today's quoted rate, council tax, energy from EPC data and stamp duty for your situation. Try a Leicester postcode to see the all-in monthly cost, or browse more regional price guides.

Figures are based on HM Land Registry Price Paid Data, gov.uk council tax data for 2026-27, Bank of England quoted rates and EPC Open Data, accessed June 2026. This is general information, not financial or legal advice. Speak to a qualified adviser before acting.