Mortgages · Coventry

Mortgages in Coventry. The typical home needs £22,772 down.

The average home in Coventry is £227,721 in the UK House Price Index for August 2026, up 3.8% on a year earlier. With a 10% deposit of £22,772, you would borrow £204,949.

Get started

Mortgages in Coventry: a mortgage adviser Homie with a key and a clipboard by a sold sign

£227,721average home, UK HPI
£22,77210% deposit
£45,544household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Coventry, in 30 seconds

The price: The average home in Coventry is £227,721.
The deposit: 10% is £22,772. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £204,949 loan needs roughly £45,544 a year, alone or jointly.
The advice: A free consultation with a specialist adviser looks at deals across the market for your own numbers.

Ten years of prices

Coventry house prices since 2016

From £158,380 to £227,721. Up 14.9% over five years.

Average price each year to August 2026, Coventry.

Nearby

How Coventry compares with its neighbours

Average home in each council area, with the change over five years.

Solihull £332,022+8.6%
Birmingham £234,867+12.6%
Dudley £233,819+20.5%
Coventry £227,721+14.9%
Walsall £216,878+19%
West Bromwich £207,065+21.3%

FAQ

Mortgages in Coventry: your questions

How much deposit do I need to buy in Coventry?

At the average price of £227,721, a 10% deposit is £22,772 and 5% is £11,386. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Coventry?

With 10% down on the average home, the loan is £204,949. At 4.5 times income that means around £45,544 a year. Each lender sets its own limits, so treat this as a starting point.

Have Coventry house prices gone up?

Over five years the average home is up 14.9%, and over the last year it is up 3.8%.

How do Coventry house prices compare with nearby towns?

The average home in Coventry is £227,721. It costs more in Solihull (£332,022) and Birmingham (£234,867). It costs less in Walsall (£216,878) and West Bromwich (£207,065).

The rest of your move