House prices in Tower Hamlets
The average house price in Tower Hamlets is £444,332, based on the latest May 2026 HM Land Registry House Price Index. Over the past year, prices in Tower Hamlets have fallen sharply (-14.5%), and over the last five years they have fallen sharply (-18.1%). Five years ago the average was around £542,385. That puts Tower Hamlets 52% above the England average of £292,095. That makes Tower Hamlets the 57th most expensive of 317 local authorities in England & Wales, and the 315th fastest-rising over the past year.
House prices in Tower Hamlets peaked at around £572,680 (January 2022). Since 1995 the average has changed by +576.1%. Adjusted for inflation, prices are -35.6% in real terms over the last five years — so in today’s money they have lagged behind the wider cost of living. Remember this is an area average — your own home’s value depends on its exact street, size and condition.
How Tower Hamlets compares
| Area | Average price | 1 year | 5 years |
|---|---|---|---|
| Tower Hamlets | £444,332 | -14.5% | -18.1% |
| England | £292,095 | +2.3% | +16.3% |
| Sutton | £445,451 | +0.9% | +11.1% |
| Woking | £441,435 | +0.4% | +6.2% |
| Horsham | £440,863 | +1.3% | +15.4% |
Areas with similar house prices
- Sutton — £445,451
- Woking — £441,435
- Horsham — £440,863
- East Hampshire — £440,217
- Tunbridge Wells — £452,286
- Chichester — £436,312
Compare with the England average, or browse all areas and the latest movers.
Frequently asked questions
What is the average house price in Tower Hamlets?
The average house price in Tower Hamlets is £444,332 as of May 2026, according to the HM Land Registry House Price Index. This is an average across all property types.
Are house prices in Tower Hamlets rising or falling?
Over the last 12 months, average prices in Tower Hamlets have fallen sharply (-14.5%). Over five years they have fallen sharply (-18.1%). Month-to-month figures can be volatile, so the yearly trend is more reliable.
How much deposit do you need to buy in Tower Hamlets?
On the average Tower Hamlets home, a 10% deposit is about £44,433, and a 5% deposit around £22,217. Your mortgage is then based on the rest — see how that looks with our mortgage calculator.
Where do house prices in Tower Hamlets rank in the UK?
Of 317 local authorities in England & Wales, Tower Hamlets is the 57th most expensive and the 315th fastest-rising this year. See the full rankings and movers.
How can I find out what my Tower Hamlets home is worth?
Use our free house value calculator — enter your postcode and what you paid, and it estimates today's value from Land Registry data. For a precise figure, ask a local estate agent or RICS surveyor.
Contains HM Land Registry data © Crown copyright and database right. Open Government Licence v3.0.