Mortgages · Exeter

Mortgages in Exeter. The typical home needs £28,940 down.

The average home in Exeter is £289,403 in the UK House Price Index for August 2026, down 0.7% on a year earlier. With a 10% deposit of £28,940, you would borrow £260,463.

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

£289,403average home, UK HPI
£28,94010% deposit
£57,881household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Exeter, in 30 seconds

The price: The average home in Exeter is £289,403.
The deposit: 10% is £28,940. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £260,463 loan needs roughly £57,881 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

Exeter house prices since 2016

From £220,836 to £289,403. Up 11.7% over five years.

Average price each year to August 2026, Exeter.

Nearby

How Exeter compares with its neighbours

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

Exmouth £345,256+15%
Newton Abbot £298,159+11.5%
Exeter £289,403+11.7%
Barnstaple £280,441+9.3%
Plymouth £223,229+20.7%
Paignton £221,469+3.5%

FAQ

Mortgages in Exeter: your questions

How much deposit do I need to buy in Exeter?

At the average price of £289,403, a 10% deposit is £28,940 and 5% is £14,470. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Exeter?

With 10% down on the average home, the loan is £260,463. At 4.5 times income that means around £57,881 a year. Each lender sets its own limits, so treat this as a starting point.

Have Exeter house prices gone up?

Over five years the average home is up 11.7%, and over the last year it is down 0.7%.

How do Exeter house prices compare with nearby towns?

The average home in Exeter is £289,403. It costs more in Exmouth (£345,256) and Newton Abbot (£298,159). It costs less in Plymouth (£223,229) and Paignton (£221,469).

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