Rent price in Carballiño, O

Ourense · Galicia

Estimated rent · IPVA 2023

396per month
+1.3% year-on-yearTop 1% most affordable in Spainvs Spain: -252€ · avg €648

Net income

12.4k€

per capita/yr

Unemployment

10.2%

SEPE

Population

14,249

residents

View methodology →

Rent in Carballiño, O stands at €396/month in 2023 per the INE IPVA, a +1.3% year-on-year change. Since 2020 prices have risen 5%, placing it €7 below the Ourense provincial average (€403/month).

Full guide: living in Carballiño, O

Monthly budget, required salary and mortgage estimate

National market context

National rank

#747

out of 753 municipalities

vs Galicia

-135

region avg: €531

Trend vs Spain

-1%

avg: 2.3%

Trend vs region

-0.8%

region avg: €2.1

Carballiño, O is among Spain's most affordable municipalities (position 747 of 753).

Rent price evolution

Estimated monthly rent in Carballiño, O (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

12.419

per year · INE Atlas

Average household income

28.154

per year

Rent-to-income ratio

38.3%

of per capita income

Average gross salary

26.547

per year · Galicia

Rent-to-salary ratio

17.9%

of annual gross salary

The national average effort is 55.3% of per capita income. Carballiño, O is 17 points below that average.

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

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Registered unemployment

Estimated unemployment rate

10.2%

of estimated active population

Registered unemployed

670

people

Annual change

+3.9%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

10.7°3.3°Jan12.4°4.3°Feb14.1°5.1°Mar17.2°7.1°Apr20.4°9.9°May23.3°13°Jun27.3°15.2°Jul27.7°15.3°Aug23.8°13.1°Sep19.5°10.9°Oct14.2°6.9°Nov12°5.1°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023107.132396
2022105.786391
2021105.067389
2020101.903377

Idealista

Rental flats in Carballiño, O

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Carballiño, O?

The estimated rent in Carballiño, O is €396/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Carballiño, O?

Rent in Carballiño, O has risen by 1.3% compared to the previous year, per the INE IPVA index.

Is Carballiño, O expensive to rent compared to the national average?

No, rent in Carballiño, O (€396/month) is 39% below the national average (€648/month).

How much do you need to earn to live in Carballiño, O?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €16000 net per year to live in Carballiño, O with a rent of €396/month.

What would a mortgage cost in Carballiño, O?

For an estimated property price of €80,000 in Carballiño, O (based on current rent of €396/month), the monthly mortgage payment would be €320 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €24,000 (20% down + ~10% costs).

Ourense province

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Other municipalities in Ourense

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Municipalities in Spain with a similar rent to Carballiño, O (±10%)

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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: 32019