Families buying a home in a market town will pay £230,061 typically, which is 6% more than the average house price across the country of £216,143, Lloyds Bank found.
Nestled in the Chiltern Hills in Buckinghamshire and sitting within London's commuter belt, Beaconsfield was named as the country's most expensive market town.
A house in Beaconsfield is worth £861,371 on average, which is nearly three times the typical price of one in the surrounding county at £306,454. The half a million pound price gap also makes Beaconsfield the market town which carries the the biggest premium to live there.
Residents of Bakewell were found to be paying the second biggest percentage premium, with a house there costing around £322,519, a figure which is almost double the Derbyshire county average of £162,060.
The popular tourist town of Keswick, situated near the Skiddaw Mountains in the Lake District, has the third highest premium, with the average house price there sitting at £316,413, which is more than £150,000 higher than prices in the surrounding area.
Ferryhill in County Durham was named as England's least expensive market town, with an average house price of £84,018. Ferryhill and Immingham, which is situated near the Humber Estuary, were the only market towns in the study where house prices are below £100,000.
Marc Page, mortgages director at Lloyds Bank, said: "Market towns offer an excellent quality of life, with high levels of health and low crime and unemployment; they also tend to have higher levels of retired people and young couples without children.
"Market towns are seen as desirable places to live - small enough for people to feel included but large enough to remain private."
The study follows recent research from American Express which found that high streets populated with flourishing independent businesses have added an average of £40,000 to house prices in their surrounding areas over the last decade.
It suggested that homeowners living close to flourishing small shops could see the value of their property outperform similar homes elsewhere by as much as £70,000 over the next 10 years.
Lloyds used Land Registry house sales figures for its findings.
Here are the market towns where home owners typically pay the highest percentage premium to live there, with the average house price in the market town, followed by the average price in the county and the premium to county percentage:
- Beaconsfield, South East, £ 861,371, £ 306,454, 181%
- Bakewell, East Midlands, £ 322,519, £ 162,060, 99%
- Keswick, North, £ 316,413, £ 161,930, 95%
- Wetherby, Yorkshire and the Humber, £ 290,395, £ 153,015, 90%
- Southwell, East Midlands, £ 260,755, £ 146,681, 78%
- Carnforth, North West, £ 225,111, £ 138,163, 63%
- Ormskirk, North West, £ 223,837, £ 138,163, 62%
- Longridge, North West, £ 222,602, £ 138,163, 61%
- Cranbrook, South East, £ 381,598, £ 249,530, 53%
- Winchcombe, South West, £ 349,176, £ 229,323, 52%
- All Market Towns in England, £230,061, £216,143, 6%
Here are the most expensive market towns, with the average house price:
- Beaconsfield, South East, £ 861,371
- Lewes, South East, £ 382,219
- Cranbrook, South East, £ 381,598
- Ringwood, South East, £ 356,522
- Petersfield, South East, £ 355,244
- Winchcombe, South West, £ 349,176
- Midhurst, South East, £ 344,385
- Tenterden, South East, £ 339,612
- Saffron Walden, South East, £ 337,007
- Hertford, South East, £ 336,219
And here are the least expensive, with the average house price:
- Ferryhill, North, £ 84,018
- Immingham, Yorkshire and the Humber, £ 97,722
- Crook, North, £ 109,838
- Stanhope, North, £ 114,109
- Boston, East Midlands, £ 133,596
- Saltburn, North, £ 133,889
- Tickhill, East Midlands, £ 136,544
- Marsden, Yorkshire and the Humber, £ 145,125
- Leek, West Midlands, £ 148,518
- Goole, Yorkshire and the Humber, £ 149,051
Is the housing boom a ticking time bomb? Free report
© 2013 Press Association