Cost of Living in MK5
Milton Keynes
MK5 at a glance
Postcode district (MK5)Figures describe the MK5 postcode district as a whole — a guide to the area, not a valuation of any one home. Prices from HM Land Registry; council tax is an estimate (verify your exact band below). 2026/27 estimate using the Milton Keynes average Band D rate published by MHCLG and an estimated band. Parish charges, discounts and premiums can change your bill.
House prices in MK5
Postcode district (MK5)Median sale price over the last five years by property type, with how each compares to the national median.
| Property type | Median price | Sales (5y) | vs national |
|---|---|---|---|
| Detached | £600,000 | 381 | +£185k |
| Terraced | £325,000 | 106 | +£105k |
| Semi-detached | £320,000 | 172 | +£60k |
| Flat | £195,800 | 184 | −£34k |
Source: HM Land Registry Price Paid Data (OGL v3.0).
Council tax in MK5
Council-tax band is an estimate, not a verified per-address figure. Check the exact band on GOV.UK.
Affordability & area context
Postcode district (MK5)MK5 sits at an average deprivation decile of 7.1 out of 10 (less deprived than the English average), based on the 15 neighbourhoods (LSOAs) it covers in the English Indices of Deprivation 2025. Homes here typically sell for 68% more than the national median.