A typical Marylebone home sells for about £1,200,000, and what's being sold is nearly always a flat. The few houses that come up cost far more. Most residents rent. Prices have dropped hard over the past year, and Marylebone is still out of reach for most good salaries.
In the Land Registry's twelve months to May 2026 there were 107 sales, at a median of £1,200,000. Flats made up 86 of them, at a median of £1,123,750. The other 18 were terraced houses, at a median of £2,500,000. With flats doing nearly all the trading, ask the seller's solicitor early about the years left on the lease and the service charge. Eighteen houses in a year means that in Marylebone a house is mostly something you admire from the pavement.
The house price index for the area fell by about 23% in the year to May 2026, to an average of £836,331. Flats on their own are down by about the same, 23%, and the index is about 18% lower than five years ago. Those are published changes over a past period and say nothing about the next twelve months. The fall took a lot off the price and very little off the difficulty of buying.
Band G is the most common council tax band, and bands A and B together cover about 2% of homes. The band D bill in Westminster is £1,050 a year. Next to the purchase price, it is the one cost here that barely registers.
Westminster's typical private rent comes to about £3,150 a month as of April 2026. That figure is an average across the whole borough, built from the Office for National Statistics' rent index, so it is a mean and not a median of advertised listings. By size, the same borough figures put a one-bedroom home at £2,505 a month, two bedrooms at £3,253, three at £3,831 and four or more at £5,360. There's no published figure for studios or rooms.
The Office for National Statistics models average household income here at £83,767 before tax, for the financial year to March 2023. That is a good income. Set against a median sale of £1,200,000 it leaves a big gap, and the buyers who close it are mostly bringing equity, a second salary or family money.
Among the sales that could be matched to an energy certificate, about 21% of the total, the median price works out at about £15,104 per square metre. The typical home behind that figure has around 137 square metres of floor space. At that rate a hallway is a serious purchase.
At the 2021 census, about 35% of households here had one bedroom, 38% had two, 18% had three and 9% had four or more. The two-bedroom flat is the standard Marylebone home. The four-bedroom house is the rarest thing in the area, and the Land Registry's terraced-house median shows what that rarity costs.
Even after a sharp fall, Marylebone costs too much for anyone buying on income alone, and cost is one of its weaker points. Entry is mostly for buyers who arrive with money already made.