What's happening with Rangitikei house prices?

Council area of Manawatu-Wanganui

Explore Rangitikei's property market for the latest trends, house prices, market cycles, rental yields, and top investment suburbs

Author: Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Reviewed by: Laine Moger

Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.

Last Updated: 24 Mar 2025

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What's happening to Rangitikei house prices?

The average price of a Rangitikei property is $425,006 (CoreLogic, February 2025).

Quick Facts

The average price of a Rangitikei property is $425,006 (CoreLogic, February 2025)
Over the last 3 months property prices in Rangitikei have gone up 0.86%
Rangitikei property prices increased 6.86% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Rangitikei is $480 per week (Tenancy Services, November 2024)

How are Rangitikei property prices changing?

Rangitikei house prices soared after the Covid-19 pandemic began. House prices started out 43% below the eventual peak of the market.

Where is Rangitikei in its property cycle?

At the absolute bottom of its property cycle, Rangitikei was 33.47% undervalued.

Rangitikei suburb prices

I track the value of 5 suburbs in Rangitikei. The most expensive suburb is Bulls, which has an average house value of $491,550. While the most affordable suburb is Hunterville, which has an average house value of $412,450.

Over the last 24 months of all Rangitikei suburbs (February 2023 - February 2025, Bulls had the slowest-falling house prices. They have gone down -6.58% over that period.

The suburb that fell the fastest over that period was Marton. Property values in this suburb fell by 11.18% over those 2 years.

What is the Rangitikei rental market like?

Here's how rents are changing in Rangitikei. Over the last four years (November 2020 - November 2024) the median rent has gone up $160 a week. That's 10.67% a year (on average).

Are properties selling above or below CV in Rangitikei?

One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”

Other property markets to look into

If you found this article useful, then you might also like our analyses on the other property markets in New Zealand. You can read all about the Manawatu-Wanganui property market here.