Rent price in Almassora

Castellón/Castelló · Comunitat Valenciana

Estimated rent · IPVA 2023

585per month
+3.6% year-on-yearCheaper than 56% of Spainvs Spain: -63€ · avg €648

Net income

13.2k€

per capita/yr

Unemployment

12.1%

SEPE

Population

29,159

residents

View methodology →

Rent in Almassora stands at €585/month in 2023 per the INE IPVA, a +3.6% year-on-year change. Since 2020 prices have risen 9.1%, placing it €17 above the Castellón/Castelló provincial average (€568/month).

Full guide: living in Almassora

Monthly budget, required salary and mortgage estimate

National market context

National rank

#424

out of 753 municipalities

vs CCAA

-58

region avg: €643

Trend vs Spain

+1.3%

avg: 2.3%

Trend vs region

+0.4%

region avg: €3.2

Almassora ranks 424 out of 753 municipalities in the INE rent price index. It is 9% below the Comunitat Valenciana average (€643/month).

Rent price evolution

Estimated monthly rent in Almassora (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

13.164

per year · INE Atlas

Average household income

33.215

per year

Rent-to-income ratio

53.3%

of per capita income

Average gross salary

26.817

per year · Comunitat Valenciana

Rent-to-salary ratio

26.2%

of annual gross salary

The national average effort is 55.3% of per capita income. Almassora is 2 points below that average.

Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunitat Valenciana average.

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Registered unemployment

Estimated unemployment rate

12.1%

of estimated active population

Registered unemployed

1,691

people

Annual change

-3.3%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

Monthly max & min temperature (°C) · 2015–2024 normals

15.5°5.2°Jan16.6°6.2°Feb18.3°8.2°Mar19.9°9.9°Apr23.7°13.5°May27.7°17.7°Jun30.5°20.8°Jul30.7°21.1°Aug27.1°17.9°Sep23.6°14.1°Oct19.1°9.6°Nov16.5°6.6°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023121.901585
2022117.642565
2021114.134548
2020111.741536

Idealista

Rental flats in Almassora

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Almassora?

The estimated rent in Almassora is €585/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Almassora?

Rent in Almassora has risen by 3.6% compared to the previous year, per the INE IPVA index.

Is Almassora expensive to rent compared to the national average?

No, rent in Almassora (€585/month) is 10% below the national average (€648/month).

How much do you need to earn to live in Almassora?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Almassora with a rent of €585/month.

What would a mortgage cost in Almassora?

For an estimated property price of €115,000 in Almassora (based on current rent of €585/month), the monthly mortgage payment would be €461 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €34,500 (20% down + ~10% costs).

Castellón/Castelló province

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INE

Official source

Instituto Nacional de Estadística

Organismo estadístico oficial del Estado español

www.ine.es View source →

Methodology

Data comes from the Housing Rental Price Index (IPVA) published by Spain's National Statistics Institute (INE), with base 100 in 2015. The estimated rent is calculated by applying the index to the median reference price for the province in 2015.

Source: INE IPVA base 2015=100 · INE code: 12009