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Neighbourhood · Cornwall

Launceston: house prices and how the area is changing

Official figures for the Launceston neighbourhood of Cornwall, England (ONS area Cornwall 005). Headline figures assembled 30 October 2026. Postcodes PL15. Figures that read a point use the neighbourhood's centre, near PL15 9EB.

A neighbourhood with below-average incomes, with signals pointing away from gentrification

Launceston is a neighbourhood with below-average incomes. But area signals point away from gentrification against Cornwall (3 of 19 signals falling, none rising). Houses here typically resell for £230,000 and flats for £115,000 (median resale prices, 2023-2025). Recorded crime is higher than across Cornwall (1.3 times the borough's rate) and schools nearby are improving slower than the council's.

The neighbourhood in brief, from the figures on this page. Summary updated 30 October 2026; source dates are shown below.

Typical house price

£230,000

Median resale price of houses in the neighbourhood, 2023-2025; +32% against 2017-2019.

Source: HM Land Registry Price Paid Data

Typical flat price

£115,000

Median resale price of flats in the neighbourhood, 2023-2025; +31% against 2017-2019.

Source: HM Land Registry Price Paid Data

Affluence today

Below average income

How well off the neighbourhood is now, from household income, home prices and deprivation.

Source: ONS, HM Land Registry, MHCLG Indices of Deprivation

Signs of gentrification

Moving the other way

Weighted balance -0.16; 0 of 19 signals up, 3 down, against the borough.

Source: Official statistics on prices, incomes, benefits, businesses, schools and more (a full report shows every signal)

Deprivation

Decile 3 of 10

English Indices of Deprivation 2025: 1 is the most deprived tenth of neighbourhoods, 10 the least. At the neighbourhood's centre; its 6 small areas range from decile 2 to 7.

Source: MHCLG English Indices of Deprivation 2025

Average household income

£42,800

ONS estimate for the neighbourhood (modelled, with a margin of error).

Source: Office for National Statistics

Recorded crime

1.3 times the borough's rate

Crimes recorded by the police over 12 months (not anti-social behaviour) per resident, against the borough. Crime per resident can overstate the risk in busy centres where many people work or visit.

Source: Police.uk

Schools getting better

Slower than the council's

Nearby state schools' latest Ofsted inspections and results, against the council's schools.

Source: Ofsted, Department for Education

Where Launceston sits in Cornwall

  • Typical house price: 8th lowest of 73 neighbourhoods in Cornwall
  • Typical flat price: 5th lowest of the 42 neighbourhoods in Cornwall with enough flat sales for one
  • Average household income: 21st lowest of 73 neighbourhoods in Cornwall

Ranked among the council's neighbourhoods by the figures on each one's own page, checked 30 October 2026: typical prices are HM Land Registry resale medians over the latest three-year window, household income the ONS's modelled estimate, with a margin of error, so neighbourhoods a place or two apart may not really differ.

Prices over time in Launceston

House prices: Launceston against Cornwall: This neighbourhood £46k (1995) to £220k (2026); Cornwall £50k (1995) to £292k (2026).£78k£276k2026202120162011200620011995This neighbourhood£220kCornwall£292k
Median resale price of houses each year here and across Cornwall, 1995 to 2026 (HM Land Registry Price Paid Data: standard sales, new builds left out). Years with fewer than 10 sales here are left out. 2026 is the year so far (dashed).
Flat prices: Launceston against Cornwall: This neighbourhood £29k (1995) to £100k (2026); Cornwall £34k (1995) to £170k (2026).£47k£160k2026202120162011200620011995This neighbourhood£100kCornwall£170k
Median resale price of flats each year here and across Cornwall, 1995 to 2026 (HM Land Registry Price Paid Data: standard sales, new builds left out). Years with fewer than 10 sales here are left out. 2026 is the year so far (dashed).

Source: HM Land Registry Price Paid Data, held locally and checked 30 October 2026. Medians each year, not a valuation of any home.

How the area is changing, signal by signal

0 of 19 counted signals point towards rising affluence against Cornwall, 3 the other way and 16 in line. A reading of official statistics against the borough, not a prediction; a full report shows every signal's figures and weight. Where this reading sits among every neighbourhood in England and Wales: the gentrification league table.

Falling behind the borough

  • Schools improving
  • Home improvement applications
  • Homes selling

Schools nearby

Nearest state schools

  • Nearest state primary school Windmill Hill Academy 170 m from the neighbourhood's centre. Ofsted: Ungraded visit: School remains Good (Dec 2022).
  • Nearest state secondary school Launceston College 750 m from the neighbourhood's centre. Ofsted: Good (May 2023).

Schools: Department for Education, Get Information about Schools (20 October 2026); inspections: Ofsted's management information as at 30 September 2026, in Ofsted's own words. Straight-line distances; not a catchment or admissions assessment.

Questions about Launceston

What is the typical house price in Launceston?

£230,000. Median resale price of houses in the neighbourhood, 2023-2025; +32% against 2017-2019.

How does Launceston compare with the rest of Cornwall?

Typical house price: 8th lowest of 73 neighbourhoods in Cornwall. Typical flat price: 5th lowest of the 42 neighbourhoods in Cornwall with enough flat sales for one. Average household income: 21st lowest of 73 neighbourhoods in Cornwall.

Is Launceston an affluent area?

Below average income. How well off the neighbourhood is now, from household income, home prices and deprivation.

Is Launceston gentrifying?

Moving the other way. Weighted balance -0.16; 0 of 19 signals up, 3 down, against the borough.

Which state schools are nearest to Launceston?

Nearest state primary school. Windmill Hill Academy. 170 m from the neighbourhood's centre. Ofsted: Ungraded visit: School remains Good (Dec 2022). Nearest state secondary school. Launceston College. 750 m from the neighbourhood's centre. Ofsted: Good (May 2023).

Each answer repeats a figure shown above, with its source there.

Thinking of buying in Launceston?

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Neighbourhood names: House of Commons Library, MSOA Names, Open Parliament Licence v3.0. Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0. Contains National Statistics data © Crown copyright and database right 2026. Contains public sector information (MHCLG, Police.uk, Ofsted, Department for Education) licensed under the Open Government Licence v3.0. Figures describe the area, not any home, and are not a valuation or a prediction.