The typical home in Kennington sells for a little over half a million pounds, and for that you get a flat. Most of the homes that sell are flats. A terraced house costs over a million. Prices have dropped slightly over the past year. You are paying to live this close to Westminster, and the houses themselves are a small part of the market.
In the year to May 2026 the Land Registry recorded 138 sales in Kennington, at a median of about £527,500. Flats accounted for 121 of them, at a median of £475,000. Only 15 terraced houses sold, at a median of about £1,112,500. With so few houses changing hands, house-hunting here mostly means watching other people buy.
The official house price index for the area shows prices down about 3% in the twelve months to May 2026, with an average of about £545,000. Flats fell a bit more, by about 4%. Over five years the index is down about 7%. Those are modest falls, not a crash, but for a buyer they are the useful kind: what you pay today hasn't run ahead of the last couple of years.
The most common council tax band is B, and about 31% of homes are in bands A or B. A Band D bill in Lambeth comes to about £2,050 a year. Paying Band B on a flat that cost close to half a million is one of the few things in Kennington that feels cheap.
Lambeth's private rents average about £2,530 a month as of April 2026, up about 7% on the year. That is a borough-wide mean from the Office for National Statistics' rent index, not the middle of Kennington's own listings. By bedrooms, the borough averages about £1,880 for a one-bed, £2,350 for a two-bed, £2,680 for a three-bed and £3,730 for four or more. There are no reliable figures for studios or rooms. Living a few minutes from Kennington Park doesn't make any of those numbers smaller.
The Office for National Statistics models median household income across Kennington at about £70,500 before tax, for the financial year to March 2023. That is a good income, and it still doesn't stretch far against a £475,000 flat. Buyers here tend to have a second income, family help or equity from a previous home. Those relying on salary alone usually end up renting at Lambeth prices instead.
Sales that could be matched to an energy certificate went for a median of about £9,280 per square metre, on a typical floor area of about 93 square metres. Only about 25% of the year's sales could be matched, so this is the median of the sales that can be measured, which is a minority. The floor area is printed on every energy certificate, and it is worth reading before the asking price, because a floor plan drawn for the brochure tends to be generous with the hallway.
At the 2021 Census about 32% of Kennington's households had one bedroom, about 38% had two, about 21% had three and about 9% had four or more. Anyone looking for a three-bed is choosing from about one home in five, and so is everyone else in this corner of Lambeth who has run out of space.
Kennington's prices come out middling for inner London. A flat is the realistic way in, and a house is for the few who can find one and afford it.