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The salary you need to buy a home in every part of Cardiff

Wales Online logo Wales Online 17/01/2022 Ffion Lewis

While the coronavirus pandemic has undoubtedly changed what we're looking for in a home, the property market is one part of the economy that has endured the most change.

With house prices rising, people prioritising home working and outdoor space, and even people leaving cities - the property market in the capital is becoming more competitive than ever.

As much as the shift to working from home means that everyone is on the hunt for an office or a garden, as a first-time buyer it's difficult to know what you can afford.

Read more: Magnificent 14-bed mansion is one of Wales' most expensive homes for sale

Now property website Zoopla has looked at all the figures and worked out how much you need to earn to buy a property in Cardiff.

The data shows a big difference across all the areas in the city with the lowest income needed of £25,500 compared to the highest topping out at almost £62,500.

The average cost of a home in Wales as of December 2021 is £203,224, a record high reported by the ONS, up from the £196,216 figure recorded in November 2021.

The average house price provided by Zoopla is for first-time buyers is the median price of the property first-time buyers were inquiring about during the last six months. The data is based on the assumption of loan to income ratio of 4.5 and 85% LTV.

Unfortunately, not enough data has been generated to produce accurate estimations for Lisvane and Pentyrch as of January 2022.

However, results from January 2020 for these areas can be found here.

This is how much you need to earn to buy a home in each electoral ward in Cardiff and some surrounding areas.

Adamsdown

Household income you'll need to buy: £32,000

Average house price for first-time buyers: £170,000

Butetown

Household income you'll need to buy: £28,500

Average house price for first-time buyers: £150,000

Caerau

Household income you'll need to buy: £30,000

Average house price for first-time buyers: £160,000

Canton

Cowbridge Road East, Canton © WalesOnline/Rob Browne Cowbridge Road East, Canton

Household income you'll need to buy: £38,000

Average house price for first-time buyers: £199,500

Cathays

Household income you'll need to buy: £34,000

Average house price for first-time buyers: £179,500

Creigiau & St. Fagans

Household income you'll need to buy: £43,500

Average house price for first-time buyers: £229,000

Cyncoed

Household income you'll need to buy: £62,500

Average house price for first-time buyers: £330,000

Ely

Household income you'll need to buy: £25,500

Average house price for first-time buyers: £135,000

Fairwater

Household income you'll need to buy: £31,000

Average house price for first-time buyers: £165,000


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Gabalfa

Household income you'll need to buy: £39,000

Average house price for first-time buyers: £207,500

Grangetown

Household income you'll need to buy: £28,500

Average house price for first-time buyers: £150,000

Heath

Household income you'll need to buy: £47,000

Average house price for first-time buyers: £249,975

Llandaff North

Household income you'll need to buy: £38,000

Average house price for first-time buyers: £200,000

Llanishen

Household income you'll need to buy: £38,500

Average house price for first-time buyers: £1205,000

Llandaff

Llandaff High Street © Richard Swingler Llandaff High Street

Household income you'll need to buy: £40,500

Average house price for first-time buyers: £215,000

Llanrumney

Household income you'll need to buy: £30,000

Average house price for first-time buyers: £160,000

Pentwyn

Household income you'll need to buy: £31,000

Average house price for first-time buyers: £164,995

Penylan

Household income you'll need to buy: £40,500

Average house price for first-time buyers: £215,000

Plasnewydd

Household income you'll need to buy: £36,000

Average house price for first-time buyers: £190,000

Pontprennau & Old St. Mellons

Household income you'll need to buy: £41,500

Average house price for first-time buyers: £220,000

Radyr

Household income you'll need to buy: £52,500

Average house price for first-time buyers: £276,995

Rhiwbina

Household income you'll need to buy: £28,000

Average house price for first-time buyers: £147,500

Riverside

Household income you'll need to buy: £32,000

Average house price for first-time buyers: £170,000

Rumney

Household income you'll need to buy: £31,000

Average house price for first-time buyers: £165,000

Splott

Household income you'll need to buy: £30,000

Average house price for first-time buyers: £160,000

Trowbridge

Household income you'll need to buy: £34,000

Average house price for first-time buyers: £179,950

Whitchurch & Tongwynlais

Household income you'll need to buy: £39,500

Average house price for first-time buyers: £210,000

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