Rent price in Huétor Vega

Granada · Andalucía

Estimated rent · IPVA 2023

548per month
+4% year-on-yearCheaper than 72% of Spainvs Spain: -100€ · avg €648

Net income

14.0k€

per capita/yr

Unemployment

14.6%

SEPE

Population

12,285

residents

View methodology →

According to INE IPVA data, estimated rent in Huétor Vega is €548/month in 2023 — +4% year-on-year. Back in 2020 it was €500/month, a 9.6% increase over 4 years. Provincial average (Granada): €564/month.

National market context

National rank

#544

out of 753 municipalities

vs Andalucía

-20

region avg: €568

Trend vs Spain

+1.7%

avg: 2.3%

Trend vs region

+2.2%

region avg: €1.8

Huétor Vega ranks 544 out of 753 municipalities in the INE rent price index. It is close to the Andalucía average (€568/month).

Rent price evolution

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

Income and housing effort

Net income per capita

14.008

per year · INE Atlas

Average household income

38.058

per year

Rent-to-income ratio

46.9%

of per capita income

Average gross salary

26.090

per year · Andalucía

Rent-to-salary ratio

25.2%

of annual gross salary

The national average effort is 55.3% of per capita income. Huétor Vega is 8 points below that average.

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

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Registered unemployment

Estimated unemployment rate

14.6%

of estimated active population

Registered unemployed

746

people

Annual change

-8.6%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

12.6°3.4°Jan14.5°4.4°Feb16.4°5.8°Mar19.3°8.5°Apr24°12.2°May29°16.3°Jun34.3°20.7°Jul33.6°20.5°Aug27.8°16.3°Sep23.2°12.9°Oct16.7°7.5°Nov14.4°5.3°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023114.195548
2022109.757527
2021107.161514
2020104.178500

Idealista

Rental flats in Huétor Vega

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Huétor Vega?

The estimated rent in Huétor Vega is €548/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Huétor Vega?

Rent in Huétor Vega has risen by 4% compared to the previous year, per the INE IPVA index.

Is Huétor Vega expensive to rent compared to the national average?

No, rent in Huétor Vega (€548/month) is 15% below the national average (€648/month).

How much do you need to earn to live in Huétor Vega?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Huétor Vega with a rent of €548/month.

What would a mortgage cost in Huétor Vega?

For an estimated property price of €110,000 in Huétor Vega (based on current rent of €548/month), the monthly mortgage payment would be €441 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €33,000 (20% down + ~10% costs).

Granada 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: 18101