The news of house price rises comes amid warnings from a national think-tank that Exeter is now "off-limits" to lower income working families seeking to rent privately.
The Resolution Foundation says in its report, Home Truths, that the city's private rental stock has hit a price level at which a couple with one child and an income of £22,000 would struggle to afford even a "modest" property, requiring up to 45% of an income of £22,000 to pay rent for a small family home.