About £238,000 buys the middle of the Okehampton market. Flats go for a good deal less. Detached houses go for a good deal more. Half the town's dwellings sit in the two cheapest council-tax bands. Nothing here is priced the way the view outside would justify.
The Land Registry's figures for the year to May 2026 put the typical sale at £238,000 across 115 transactions. The split by type is the part worth reading. Nineteen flats sold at a typical £147,000. Thirty terraces went at about £221,000 and thirty semis at about £243,000, which makes those two more or less the same conversation with a different wall arrangement. Thirty-six detached houses sold at a typical £345,000. One hundred and fifteen sales across a whole year is not a market with a queue outside it, so the right comparable may well be a house that changed hands two streets away and eight months ago.
The published house price index for the area gives an average of about £295,000 as of May 2026, up about 2% over twelve months. Flats moved the other way, down about 2% over the same period. Those are two different measures of the same town, an index average against the middle sale price, and neither of them is a story. Two percent in either direction is noise, whatever the board outside the house implies about momentum.
Council tax is where the town quietly gives money back. Band B is the most common, and about 51% of dwellings sit in bands A or B. The band D bill runs to about £2,700 a year, which is the figure to hold against whatever you are paying now, since most readers know their own band D equivalent and nothing else.
Renting is best read at district level. The Office for National Statistics price index puts typical private rent across the West Devon area at about £840 a month as of April 2026. That is a mean across a wide stretch of rural Devon rather than a middle figure from local listings, so treat it as the area's shape, not the street's. By size, a one-bedroom runs about £595 a month, a two-bedroom about £765, a three-bedroom about £940, and four bedrooms or more about £1,340.
On affordability, modelled gross household income for the area, before tax, came to about £46,500 in the financial year to March 2023. That describes that year rather than this one, and it is the whole household rather than one wage. Set against a middle sale price of £238,000, it is the kind of pairing where a working couple can look at a three-bedroom house without the conversation turning into a hostage negotiation, which is not the experience most of the south west offers its own residents.
By floor space, the middle of the market works out at about £2,900 per square metre across the sales that can be matched to an energy certificate, roughly 80% of them. The typical matched home measures about 87 square metres. That is a modest footprint priced modestly, and it is the number to carry into any conversation about a loft conversion someone has already valued for you.
The stock itself is built for families rather than singles. The 2021 census counted about 41% of households in three-bedroom homes, 29% in two-bedroom, 20% in four or more, and 11% in one-bedroom. Anyone hunting a one-bed here is competing over a thin slice of the town.
Cost is the strongest thing Okehampton has going for it, and it is not close. The market is small and slow, so patience matters more than a big budget, but on what a house actually costs to buy, to be taxed on and to rent, the town is doing something almost nowhere in Devon manages.