The Cost of Living in Devon: Where to Find Affordable Homes 

Moving to Devon has become an increasingly popular choice for those seeking a change of pace, stunning natural beauty, and a more relaxed lifestyle. While the county offers a rich blend of seaside towns, picturesque villages, and vibrant cities, the question of affordability remains a key consideration for many prospective residents. Whether you’re looking for a family home, a retirement retreat, or a second property, it’s essential to understand the cost of living in Devon and where to find affordable homes. 

Devon is diverse, and housing prices can vary significantly depending on where you choose to settle. Some areas are known for their premium properties and coastal locations, while others provide more budget-friendly options. In this article, we’ll explore the cost of living in Devon, the factors that influence housing prices, and the best areas to find affordable homes in the region. 

Understanding the Cost of Living in Devon 

Devon is known for its natural beauty and high quality of life, which makes it an attractive place to live. However, this appeal has led to increased demand for housing, particularly in areas with easy access to the coast or to popular towns like Exeter. As a result, housing prices in certain parts of Devon have risen significantly over the past few years, driven by both local demand and an influx of people relocating from other parts of the UK, particularly London and the South East. 

That said, the overall cost of living in Devon is still relatively low when compared to more expensive areas of the UK. Devon is a county that offers a balanced lifestyle—combining beautiful surroundings with a lower cost of living than cities like Bristol, Bath, or London. However, the cost of living is not uniform across the entire county, and you can find more affordable options if you’re willing to consider less popular or more rural areas. 

Factors Affecting Housing Prices in Devon 

Several factors influence the cost of living in Devon, and particularly the cost of housing. Understanding these factors will help you assess whether moving to Devon is financially viable for you: 

1. Proximity to the Coast 

Cornwall’s popularity with tourists and second-home buyers has helped push up property prices in some coastal regions of Devon. Towns like Salcombe, Dartmouth, and Ilfracombe have become hotspots for those looking for a seaside lifestyle, and property prices in these areas can be much higher than in more inland regions. 

Coastal properties, especially those with sea views, are often in high demand and can command a premium. However, if you’re willing to look slightly inland, there are still affordable homes to be found without sacrificing the beauty of Devon’s coastline. 

2. Proximity to Exeter 

Exeter, Devon’s county capital, offers excellent amenities, schools, transport links, and a thriving cultural scene. Naturally, properties within or near Exeter tend to be more expensive than those in more rural areas of Devon. If being close to a city is important to you, Exeter is a fantastic option but may not offer the same affordability as more rural towns and villages. 

However, areas just outside of Exeter, such as Crediton, Exmouth, and Cullompton, provide more affordable options while still being within easy reach of the city. These commuter towns and villages are ideal for those who want the convenience of Exeter without the higher cost of living associated with city centre locations. 

3. Rural vs Urban Areas 

In general, rural areas of Devon tend to offer more affordable housing compared to urban centres. Smaller towns and villages, particularly those further from the coast or the main cities, have lower housing prices. Rural living may offer more space and a slower pace of life, which can be an attractive option for families or retirees. 

However, while rural areas are often more affordable, they may come with trade-offs in terms of amenities, transport links, and employment opportunities. For those who work remotely or enjoy a quieter lifestyle, rural Devon offers a variety of affordable housing options, including cottages, farmhouses, and more extensive properties. 

Where to Find Affordable Homes in Devon 

While the cost of living in Devon varies, there are several areas where you can find affordable homes. If you’re considering moving to Devon but are concerned about affordability, here are some of the best places to look: 

1. Tiverton 

Located in the heart of Devon, Tiverton is a historic market town that offers more affordable housing compared to the county’s coastal areas or larger towns. Tiverton is well-connected by road and rail, making it a popular choice for commuters to Exeter and beyond. The town boasts good schools, local amenities, and beautiful countryside nearby. 

Property prices in Tiverton are more reasonable than in many other parts of Devon, and the area offers a range of housing options, from Victorian terraces to more modern family homes. Tiverton is ideal for those seeking a balance of rural charm and urban convenience. 

2. Barnstaple 

As the largest town in North Devon, Barnstaple offers a good selection of affordable homes, with a wide range of properties, including townhouses, modern developments, and semi-rural properties. The town is located near the beautiful beaches of North Devon, including Croyde and Woolacombe, but it is still relatively affordable compared to other coastal towns. 

Barnstaple has excellent local amenities, including shops, restaurants, and schools, making it an ideal location for families. The town is well-served by transport links, with bus and rail connections to other parts of Devon, including Exeter. 

3. Okehampton 

Located on the edge of Dartmoor National Park, Okehampton offers affordable housing in a picturesque and peaceful setting. The town is known for its outdoor activities, with Dartmoor right on the doorstep, making it an ideal location for nature lovers and outdoor enthusiasts. 

Okehampton is also well-connected by road and rail, with easy access to Exeter and beyond. The town offers a range of affordable housing options, including period homes, bungalows, and new builds. It’s an ideal place for families, retirees, or those seeking a more rural lifestyle without sacrificing amenities. 

4. Exmouth 

Exmouth, a seaside town on the south coast of Devon, offers more affordable housing than some of its neighbouring coastal towns, such as Sidmouth or Salcombe. While property prices in Exmouth are higher than in some rural areas, they remain more reasonable compared to other popular coastal towns in the county. 

Exmouth offers a mix of modern housing and traditional Victorian properties, and its proximity to Exeter makes it an attractive option for commuters. The town is famous for its beautiful beaches and is ideal for those who enjoy coastal living but want to avoid the high property prices of more sought-after seaside towns. 

5. Bideford 

Bideford is another affordable option for those looking to live in North Devon. Located near the coast, it offers easy access to some of the county’s most beautiful beaches and scenic countryside. Bideford has a selection of affordable properties, including historic cottages, semi-detached homes, and new developments. 

The town is known for its strong sense of community and local amenities, including schools, shops, and restaurants. With a range of affordable housing options and good transport links, Bideford is a great choice for families, retirees, or first-time buyers. 

Conclusion: Affordable Living in Devon 

Moving to Devon offers a unique opportunity to enjoy a high quality of life in a beautiful setting. While some areas of the county have become expensive due to their popularity with second-home buyers and tourists, there are still plenty of affordable homes to be found, especially in towns and villages further from the coast or major cities. 

By carefully considering your lifestyle needs and focusing on more rural or less tourist-heavy areas, you can find a home in Devon that offers both affordability and access to the region’s stunning landscapes. Whether you’re looking for a rural retreat in Tiverton, a coastal haven in Exmouth, or a quiet market town like Okehampton, Devon has something to offer at every price point. 

By doing your research and being open to different locations, you can find the perfect home in Devon without breaking the bank.