Rent price in Navalcarnero

Madrid · Comunidad de Madrid

Estimated rent · IPVA 2023

1035per month
+3.2% year-on-yearTop 1% most expensive in Spainvs Spain: +387€ · avg €648

Net income

14.4k€

per capita/yr

Unemployment

8.1%

SEPE

Population

33,331

residents

View methodology →

In 2023, the estimated rent in Navalcarnero is €1035/month (INE IPVA index), a +3.2% annual change and 8.2% higher than in 2020. Estimated provincial average in Madrid: €1002/month.

Full guide: living in Navalcarnero

Monthly budget, required salary and mortgage estimate

National market context

National rank

#5

out of 753 municipalities

vs CCAA

+33

region avg: €1002

Trend vs Spain

+0.9%

avg: 2.3%

Trend vs region

+0.9%

region avg: €2.3

Navalcarnero ranks among the 10 most expensive municipalities in Spain (position 5 of 753).

Rent price evolution

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

Income and housing effort

Net income per capita

14.381

per year · INE Atlas

Average household income

43.431

per year

Rent-to-income ratio

86.4%

of per capita income

Average gross salary

34.410

per year · Comunidad de Madrid

Rent-to-salary ratio

36.1%

of annual gross salary

The national average effort is 55.3% of per capita income. Navalcarnero is 31 points above that average.

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

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Registered unemployment

Estimated unemployment rate

8.1%

of estimated active population

Registered unemployed

1,439

people

Annual change

-2%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

10.7°1.3°Jan13.3°3°Feb15.8°4.8°Mar19°7.5°Apr24°11.5°May28.9°16.1°Jun33.8°19.8°Jul33.1°19.6°Aug26.9°15.1°Sep21.5°11.1°Oct14.8°6.2°Nov11.8°3.2°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023121.8071035
2022118.0051003
2021115.743984
2020112.612957

Idealista

Rental flats in Navalcarnero

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Navalcarnero?

The estimated rent in Navalcarnero is €1035/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Navalcarnero?

Rent in Navalcarnero has risen by 3.2% compared to the previous year, per the INE IPVA index.

Is Navalcarnero expensive to rent compared to the national average?

Yes, rent in Navalcarnero (€1035/month) is 60% above the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €41000 net per year to live in Navalcarnero with a rent of €1035/month.

What would a mortgage cost in Navalcarnero?

For an estimated property price of €205,000 in Navalcarnero (based on current rent of €1035/month), the monthly mortgage payment would be €821 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €61,500 (20% down + ~10% costs).

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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: 28096