About £245,000 for a typical house, which in most of southern England buys a garage. Detached houses run to roughly £340,000. Flats change hands nearer £163,000. Terraces sit around £210,000, which is the number most people looking here will actually be paying. This is a market where the whole range fits inside the price of one house somewhere prettier and better connected.
The Land Registry's figures for the year to May 2026 put the median sale at about £245,000 across 92 sales. That is a genuinely active small-town market rather than a handful of transactions being asked to describe an entire place. The split by type is where the money is: flats around £163,000 on seven sales, terraces around £210,000 on 39, semis around £248,000 on 15, and detached houses around £340,000 on 31. Terraces and detached houses between them make most of this market, and the gap between the two is roughly the price of a flat.
On direction, the published house-price index for the wider area shows the average price at about £278,000 as of May 2026, up around 1% over twelve months and up roughly 9% over five years. The twelve-month move is small enough that calling it growth flatters it. Flats are the exception in the other direction, down about 3% over the same twelve months, which is the pattern in a lot of rural markets where the flat is the thing people buy first and leave first.
Council tax is one of the quieter reasons this place works financially. Band B is the most common band and around 46% of dwellings sit in bands A or B, which for a town with this much detached stock is lower than you would guess. The band D annual bill runs at about £2,640, and most homes here are below band D rather than above it.
Renting is described by the area rather than the town. The typical private rent across the North Devon area sits at about £850 a month, a mean from the national rent index rather than a median of listings, so treat it as the shape of the market and not a quote for any particular house. By size, one-beds average around £590 a month, two-beds around £780, three-beds around £970 and four-beds or larger around £1,340.
Against local earnings the arithmetic is ordinary rather than brutal. Modelled gross household income before tax for the area ran at about £45,000 in the financial year to March 2023, which is the year that figure describes rather than today's position. A £245,000 median against that is a stretch on one income and comfortable on two, which is the honest description of most of provincial England and considerably better than anywhere in Devon with a sea view.
Per square metre, the sales that could be matched to an energy certificate's floor area, roughly 83% of them, come out at about £2,720 per square metre, on a typical floor area of around 91 square metres. That is a real house rather than a compact one, and it is the reason the headline price feels reasonable when you walk through the door instead of reading the listing.
The bedroom mix from the 2021 census explains what is actually for sale. Around 40% of households are in three-bedroom homes and about 34% in two-beds, with roughly 19% at four or more and only about 7% in one-bedroom homes. This is a three-bed town. Anyone hunting a one-bed will spend a long time refreshing the same four listings.
Value is the thing South Molton does best. You get a proper three-bedroom house with a proper floor area for a price that would not clear the stamp duty on the same house near the coast, and the council tax stays modest afterwards.