Figures have revealed how much potential homeowners need to earn to get on the housing ladder in the Vale of Glamorgan. People in affluent areas such as Penarth and Cowbridge need incomes of at least £60,000 to get mortgages at market rates for entry level homes, a report from Vale of Glamorgan council has said. Entry level house prices regularly exceed £200,000 in many areas of the Vale, but prices are cheaper in areas such as Barry and Llantwit Major, the statistics say. The figures have been revealed in a report which says hundreds of new affordable homes need to be built every year in the Vale of Glamorgan until 2022 to keep up with demand. The council’s Local Housing Market Assessment, given cabinet approval on Monday April 30, has revealed that 576 affordable units need to be built every year to keep up with the area’s housing needs. That annual figure includes 479 social rented homes, and 97 intermediate rented units – or properties where rents or prices are below market prices but above those of social rent. How much do I need to earn to get on the housing ladder in my area? Barry Average entry level house price: £118,697 Average income required for mortgage: £33,913.43 Average income needed for 70 per cent mortgage: £23,739.40 Cowbridge Average entry level house price: £240,000 Average income required for mortgage: £68,571.43 Average income needed for 70 per cent mortgage: £48,000 Dinas Powys Average entry level house price: £209,625 Average income required for mortgage: £59,892.86 Average income needed for 70 per cent mortgage: £41,925 Llandow/Ewenny Average entry level house price: £218,500 Average income required for mortgage: £62,428.57 Average income needed for 70 per cent mortgage: £43,700 Llantwit Major Average entry level house price: £115,000 Average income required for mortgage: £32,857.14 Average income needed for 70 per cent mortgage: £23,000 Penarth and Llandough Average entry level house price: £215,995 Average income required for mortgage: £61,712.86 Average income needed for 70 per cent mortgage: £43,199 Peterston Average entry level house price: £136,000 Average income required for mortgage: £38,857.14 Average income needed for 70 per cent mortgage: £27,200 Rhoose Average entry level house price: £135,000.00 Average income required for mortgage: £38,571.43 Average income needed for 70 per cent mortgage: £27,000 St Athan Average entry level house price: £105,000 Average income required for mortgage: £30,000 Average income needed for 70 per cent mortgage: £21,000 St Bride’s Major Average entry level house price: £205,000 Average income required for mortgage: £58,571.43 Average income needed for 70 per cent mortgage: £41,000 Sully Average entry level house price: £183,250 Average income required for mortgage: £52,357.14 Average income needed for 70 per cent mortgage: £36,650 Wenvoe Average entry level house price: £203,713 Average income required for mortgage: £58,203.71 Average income needed for 70 per cent mortgage: £40,742.60 Are rents any more affordable? In some areas of the Vale, average rents are more than £200 every week for an entry level property. Barry Weekly entry level rent: £136 Intermediate rent: £108.80 Cowbridge Weekly entry level rent: £160 Intermediate rent: £128 Dinas Powys Weekly entry level rent: £136 Intermediate rent: £108.80 Llandow/Ewenny Weekly entry level rent: £144 Intermediate rent: £115.20 Llantwit Major Weekly entry level rent: £132 Intermediate rent: £105.60 Penarth and Llandough Weekly entry level rent: £163.80 Intermediate rent: £131.04 Peterston Weekly entry level rent: £196 Intermediate rent: £156.80 Rhoose Weekly entry level rent: £137 Intermediate rent: £109.60 St Athan Weekly entry level rent: £116 Intermediate rent: £92.80 St Bride’s Major Weekly entry level rent: £121 Intermediate rent: £96.80 Sully Weekly entry level rent: £173 Intermediate rent: £138.40 Wenvoe Weekly entry level rent: £213 Intermediate rent: £170.40 The report said more work needs to be done in rural communities to encourage people to register for low cost home ownership, or shared ownership. “However there is also evidence that in some geographical areas, most notably Penarth and Llandough, first time buyers are still priced out of the market based on a 30 per cent discount off market value,” the report says. “Therefore continuing solely with a 70:30 equity share model across the county is no longer appropriate. In the most expensive housing market areas a large proportion of households would benefit from low cost home ownership with greater levels of discounts.”