Rent price in Fuente Álamo de Murcia

Murcia · Región de Murcia

Estimated rent · IPVA 2023

520per month
+1.8% year-on-yearCheaper than 82% of Spainvs Spain: -128€ · avg €648

Net income

10.2k€

per capita/yr

Unemployment

5.9%

SEPE

Population

19,171

residents

View methodology →

In 2023, the estimated rent in Fuente Álamo de Murcia is €520/month (INE IPVA index), a +1.8% annual change and 4.8% higher than in 2020. Estimated provincial average in Murcia: €530/month.

Full guide: living in Fuente Álamo de Murcia

Monthly budget, required salary and mortgage estimate

National market context

National rank

#615

out of 753 municipalities

vs Región de Murcia

-10

region avg: €530

Trend vs Spain

-0.5%

avg: 2.3%

Trend vs region

0%

region avg: €1.8

Fuente Álamo de Murcia ranks 615 out of 753 municipalities in the INE rent price index. It is close to the Región de Murcia average (€530/month).

Rent price evolution

Estimated monthly rent in Fuente Álamo de Murcia (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

10.204

per year · INE Atlas

Average household income

32.584

per year

Rent-to-income ratio

61.2%

of per capita income

Average gross salary

26.349

per year · Región de Murcia

Rent-to-salary ratio

23.7%

of annual gross salary

The national average effort is 55.3% of per capita income. Fuente Álamo de Murcia is 6 points above that average.

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

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Registered unemployment

Estimated unemployment rate

5.9%

of estimated active population

Registered unemployed

556

people

Annual change

-11.2%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

15.6°6.4°Jan16.9°7.7°Feb18.6°9.2°Mar20.5°11.3°Apr24.5°14.7°May28.7°18.5°Jun32.1°21.8°Jul32°22.2°Aug27.8°19.2°Sep24.2°15.4°Oct19.6°10.8°Nov16.8°8°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023112.965520
2022110.953510
2021108.456499
2020107.886496

Idealista

Rental flats in Fuente Álamo de Murcia

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Fuente Álamo de Murcia?

The estimated rent in Fuente Álamo de Murcia is €520/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Fuente Álamo de Murcia?

Rent in Fuente Álamo de Murcia has risen by 1.8% compared to the previous year, per the INE IPVA index.

Is Fuente Álamo de Murcia expensive to rent compared to the national average?

No, rent in Fuente Álamo de Murcia (€520/month) is 20% below the national average (€648/month).

How much do you need to earn to live in Fuente Álamo de Murcia?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €21000 net per year to live in Fuente Álamo de Murcia with a rent of €520/month.

What would a mortgage cost in Fuente Álamo de Murcia?

For an estimated property price of €105,000 in Fuente Álamo de Murcia (based on current rent of €520/month), the monthly mortgage payment would be €421 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €31,500 (20% down + ~10% costs).

Murcia 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: 30021