Houses for Sale & Rent in Tyrone: Your Comprehensive Guide to the Northern Ireland Property Market

The Tyrone property market is currently experiencing a period of steady activity, with a balanced demand and supply in many sectors. As of early 2026, average property prices in County Tyrone are estimated to be around £175,000, representing a 3% increase year-on-year. This growth is influenced by a combination of factors, including attractive interest rates for mortgages, a robust local economy, and a sustained desire for homeownership. The rental market also remains strong, with average rents for a three-bedroom property sitting at approximately £700 per calendar month. This stability offers a predictable environment for buy-to-let investors looking for consistent rental income. Notably, there's an observed undersupply of modern, energy-efficient rental properties, particularly in urban centres like Omagh and Dungannon, which can lead to higher occupancy rates and stronger rental yields. For properties catering to families, demand remains high, particularly for those located near reputable schools and local amenities. The average time a property spends on the market in Tyrone is around 10-12 weeks, indicating a healthy transaction pace. For investors focusing on ROI, understanding the local vacancy rates and average tenant lengths is crucial for optimising their portfolio's performance. The county's increasing appeal to a younger demographic and professionals seeking a better work-life balance is a key driver of sustained demand.

Tyrone presents a compelling landscape for property investors seeking favourable rental yields and potential for capital appreciation. While the Northern Ireland market generally offers more affordable entry points than mainland UK, specific areas within Tyrone are showing particularly strong performance. For instance, buy-to-let properties in Omagh and Dungannon, often benefiting from proximity to educational institutions and employment hubs, can achieve average gross yields in the region of 5-7%. The demand for student accommodation, while not as saturated as in larger university cities, is a growing sector, especially for well-located properties. Investors might consider properties that can be adapted for PBSA (Purpose-Built Student Accommodation) or are suitable for HMO licensing, which can significantly boost rental income. The county's undersupply of specific housing types, such as affordable family homes and modern apartments, also creates opportunities. A strategic buy-to-let approach focusing on these niche markets can lead to improved ROI. Furthermore, with ongoing infrastructure projects and a growing tourism sector, the long-term outlook for capital appreciation in Tyrone appears promising. Investors should research specific postcodes and local demographics to identify areas with the highest potential for both rental demand and capital growth, ensuring their investment strategy aligns with the evolving needs of Tyrone's property market.

County Tyrone offers a diverse range of locations, each with its unique appeal for buyers and renters. Omagh, the county town, is a central hub for services, employment, and amenities, making it a popular choice for families and professionals. Properties here range from modern detached homes to apartments, with average prices for a family home around £190,000. The rental market in Omagh is robust, with three-bedroom houses typically renting for £750 per month, offering good potential rental yields. Dungannon, another significant town, is known for its historical importance and thriving business community. It also has a considerable student population, creating demand for rental properties and potential for buy-to-let investors targeting this demographic. Rental properties in Dungannon can achieve similar yields to Omagh. For those seeking a more rural lifestyle, towns like Strabane and Cookstown offer charming communities and a more affordable property market. Strabane, situated on the River Foyle, has seen recent regeneration efforts, which are positively impacting its property values and rental demand. Cookstown, a market town, is popular for its access to Lough Neagh and surrounding countryside. Rural properties, including farmhouses and cottages, are also available across Tyrone, often at more competitive prices, appealing to those seeking peace and quiet with ample space. When considering investment, understanding the local transport links, proximity to schools, and employment opportunities in these key areas is vital for optimising ROI and ensuring consistent demand.

For prospective landlords and property investors, Tyrone offers a promising environment for buy-to-let ventures. The average gross yield in Northern Ireland currently stands at approximately 5.5%, but specific areas within Tyrone can achieve higher figures, potentially reaching 7% or more, particularly for well-managed properties in high-demand locations. Understanding the local rental market dynamics is crucial; for instance, there's a consistent demand for family homes, with average rents for a 3-bed property around £700pcm. Furthermore, the presence of educational institutions means that student accommodation can be a profitable niche. Investors might consider purchasing properties suitable for conversion into multiple units or those that meet the criteria for PBSA (Purpose-Built Student Accommodation) if viable. It's important to be aware of HMO licensing regulations if you plan to rent to multiple, unrelated individuals. The potential for capital appreciation in Tyrone is also an attractive element for long-term investment, with prices historically showing steady, sustainable growth. To maximise ROI, investors should factor in all associated costs, including potential void periods, maintenance, and letting agent fees. Researching local demographics, employment trends, and infrastructure development will provide a clearer picture of future rental demand and property value growth, ensuring a sound investment strategy.