Melton vs North West Leicestershire: buying or renting a home
A typical terraced house costs £1,500 (1%) more in Melton than in North West Leicestershire. Measured against local pay, buying is harder in Melton: it takes 5.4× median annual pay, against 4.7× in North West Leicestershire.
At a glance
| Melton | North West Leicestershire | |
|---|---|---|
| Buying a home | Fairly affordable | Fairly affordable |
| Renting a home | Fairly affordable | Fairly affordable |
| Recorded crime | Low | Low |
Buying rates the typical price of all homes against median pay; renting rates a year of average rent against median pay; crime rates recorded crime per resident against the England and Wales average.
What the numbers say
Median full-time pay in North West Leicestershire (£38,795) is 14% higher than in Melton (£33,900), while a typical terraced house costs 1% less (£181,500 against £183,000). Set against local pay, North West Leicestershire is the easier of the two for a typical earner to buy in.
Buying a terraced house takes 5.4× annual pay in Melton and 4.7× in North West Leicestershire. Renting one takes 27% of pay in Melton and 27% in North West Leicestershire. Buying is harder in Melton; renting is about the same.
Across all property types and measured against pay, Melton is around the middle of 316 areas (146th most expensive) to buy in, and North West Leicestershire is the 118th least expensive of 316 areas. For renting against pay, Melton is the 95th least expensive of 316 areas and North West Leicestershire is the 90th least expensive of 316 areas.
Someone on £40,000 in Melton would need about £39,500 in North West Leicestershire to be equally placed to buy a terraced house, and about £46,000 to be equally placed to rent one. Keeping the same pay after a move to North West Leicestershire would leave you better placed to buy. These figures compare housing costs only; they ignore other living costs and the pay you could earn in a new job.
Police recorded 56.8 crimes per 1,000 residents in Melton and 59.2 in North West Leicestershire, so recorded crime per resident is 4% higher in North West Leicestershire. The biggest difference is in residential burglary: 3.1 per 1,000 in Melton against 5.2 in North West Leicestershire.
Can a typical earner buy?
| Terraced house | Melton | North West Leicestershire |
|---|---|---|
| Median full-time pay | £33,900 | £38,795 |
| House price ÷ pay | 5.4× | 4.7× |
| Median pay as a share of income typically needed to buy | 93% | 107% |
| Rent a year as a share of median pay | 27% | 27% |
Buying, by property type
| Type | Melton | North West Leicestershire | Difference |
|---|---|---|---|
| Detached | £377,500 | £360,000 | -5% in North West Leicestershire |
| Semi-detached | £235,000 | £237,500 | +1% in North West Leicestershire |
| Terraced | £183,000 | £181,500 | -1% in North West Leicestershire |
Renting, by property type
| Type (average rent a month) | Melton | North West Leicestershire | Difference |
|---|---|---|---|
| Detached | £1,099 | £1,237 | +13% in North West Leicestershire |
| Semi-detached | £839 | £962 | +15% in North West Leicestershire |
| Terraced | £759 | £875 | +15% in North West Leicestershire |
Crime
Police recorded 56.8 crimes per 1,000 residents in Melton and 59.2 in North West Leicestershire, so recorded crime per resident is 4% higher in North West Leicestershire.
| Police recorded crime per 1,000 residents | Melton | North West Leicestershire | Difference |
|---|---|---|---|
| All recorded crime (excluding fraud) | 56.8 | 59.2 | +4% in North West Leicestershire |
| Violence against the person | 22.1 | 23.0 | +4% in North West Leicestershire |
| Sexual offences | 2.8 | 2.8 | +1% in North West Leicestershire |
| Robbery | 0.2 | 0.3 | +56% in North West Leicestershire |
| Residential burglary (per 1,000 households) | 3.1 | 5.2 | +68% in North West Leicestershire |
| Vehicle offences | 2.7 | 4.1 | +50% in North West Leicestershire |
| Theft from the person | 0.3 | 0.4 | +39% in North West Leicestershire |
| Criminal damage and arson | 6.3 | 6.5 | +3% in North West Leicestershire |
Rates use resident population, so city centres and student areas show higher crime per resident than residents experience. Recorded crime also depends on reporting and police recording practice.
How prices have changed in each area
Average house price for all property types, indexed so that 2005 is 100. A line at 200 means prices have doubled.
Show the figures
| Year | Melton | North West Leicestershire |
|---|---|---|
| 2005 | 100 | 100 |
| 2006 | 104 | 103 |
| 2007 | 116 | 109 |
| 2008 | 109 | 107 |
| 2009 | 98 | 95 |
| 2010 | 103 | 99 |
| 2011 | 104 | 99 |
| 2012 | 106 | 98 |
| 2013 | 105 | 100 |
| 2014 | 112 | 107 |
| 2015 | 118 | 111 |
| 2016 | 125 | 118 |
| 2017 | 133 | 123 |
| 2018 | 138 | 131 |
| 2019 | 140 | 134 |
| 2020 | 143 | 139 |
| 2021 | 154 | 149 |
| 2022 | 163 | 162 |
| 2023 | 166 | 164 |
| 2024 | 160 | 165 |
| 2025 | 175 | 169 |
| 12 months to July 2026 | 176 | 173 |
In 2005 the average home cost £164,205 in Melton and £162,435 in North West Leicestershire. Now it is £288,548 and £281,715: Melton is up 76% and North West Leicestershire is up 73%.
Buying a home against local pay, over time
Average house price divided by median full-time pay. Higher means harder to afford.
Show the figures
| Year | Melton | North West Leicestershire |
|---|---|---|
| 2005 | 6.6 years of pay | 7.4 years of pay |
| 2010 | 6.9 years of pay | 6.7 years of pay |
| 2015 | – | 7.1 years of pay |
| 2020 | 8.5 years of pay | 7.5 years of pay |
| 2025 | 8.5 years of pay | 7.1 years of pay |
In 2005 a home cost 6.6 years of pay in Melton and 7.4 years in North West Leicestershire. In 2025 it was 8.5 years and 7.1 years.
Affordability has worsened more in Melton over that time.
How rents have changed in each area
Average monthly rent for all property types, indexed so that 2015 is 100.
Show the figures
| Year | Melton | North West Leicestershire |
|---|---|---|
| 2015 | 100 | 100 |
| 2016 | 101 | 105 |
| 2017 | 102 | 108 |
| 2018 | 104 | 111 |
| 2019 | 107 | 113 |
| 2020 | 112 | 115 |
| 2021 | 113 | 118 |
| 2022 | 119 | 121 |
| 2023 | 122 | 129 |
| 2024 | 132 | 139 |
| 2025 | 141 | 148 |
| August 2026 | 151 | 161 |
In 2015 the average rent was £535 a month in Melton and £568 in North West Leicestershire. Now it is £806 and £914: up 51% in Melton and up 61% in North West Leicestershire. Rents have risen faster in North West Leicestershire.
What your salary is worth in each area
Salary needed to afford the same kind of home (terraced), going by median prices and average rents.
Moving from Melton to North West Leicestershire
| Earning in Melton | Equivalent to buy in North West Leicestershire | Equivalent to rent in North West Leicestershire |
|---|---|---|
| £30,000 | £30,000 | £34,500 |
| £40,000 | £39,500 | £46,000 |
| £50,000 | £49,500 | £57,500 |
| £60,000 | £59,500 | £69,000 |
Moving from North West Leicestershire to Melton
| Earning in North West Leicestershire | Equivalent to buy in Melton | Equivalent to rent in Melton |
|---|---|---|
| £30,000 | £30,000 | £26,000 |
| £40,000 | £40,500 | £34,500 |
| £50,000 | £50,500 | £43,500 |
| £60,000 | £60,500 | £52,000 |