Property Market
5 min read
What's happening with Rangitikei house prices?
Council area of Manawatu-Wanganui
Author: Ed McKnight
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.
What's happening to Rangitikei house prices?
The average price of a Rangitikei property is $415,052 (QV, November 2025).
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Quick Facts
- The average price of a Rangitikei property is $415,052 (QV, November 2025)
- Over the last 3 months property prices in Rangitikei have gone down 2.33%
- Rangitikei property prices increased 5.73% per year (on average) in the 20 years between October 2005 - October 2025 (REINZ)
- The average rent in Rangitikei is $510 per week (Tenancy Services, September 2025)
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.
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Where is Rangitikei in its property cycle?
At the absolute bottom of its property cycle, Rangitikei was 33.74% undervalued.
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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 $482,900. While the most affordable suburb is Hunterville, which has an average house value of $411,000.
Over the last 24 months of all Rangitikei suburbs (November 2023 - November 2025, Hunterville had the fastest-growing house prices. They have gone up 0.33% over that period.
The suburb that fell the fastest over that period was Bulls. Property values in this suburb fell by 5.89% over those 2 years.
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What is the Rangitikei rental market like?
Here's how rents are changing in Rangitikei. Over the last four years (September 2021 - September 2025) the median rent has gone up $132 a week. That's 7.78% a year (on average).
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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.