Rent price in Oliva

Valencia/València · Comunitat Valenciana

Estimated rent · IPVA 2023

647per month
+3.5% year-on-yearPricier than 61% of Spainvs Spain: -1€ · avg €648

Net income

12.9k€

per capita/yr

Unemployment

10.9%

SEPE

Population

26,813

residents

View methodology →

According to INE IPVA data, estimated rent in Oliva is €647/month in 2023 — +3.5% year-on-year. Back in 2020 it was €595/month, a 8.7% increase over 4 years. Provincial average (Valencia/València): €671/month.

Full guide: living in Oliva

Monthly budget, required salary and mortgage estimate

National market context

National rank

#297

out of 753 municipalities

vs CCAA

+4

region avg: €643

Trend vs Spain

+1.2%

avg: 2.3%

Trend vs region

+0.3%

region avg: €3.2

Oliva ranks 297 out of 753 municipalities in the INE rent price index. It is close to the Comunitat Valenciana average (€643/month).

Rent price evolution

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

Income and housing effort

Net income per capita

12.866

per year · INE Atlas

Average household income

31.571

per year

Rent-to-income ratio

60.3%

of per capita income

Average gross salary

26.817

per year · Comunitat Valenciana

Rent-to-salary ratio

29%

of annual gross salary

The national average effort is 55.3% of per capita income. Oliva is 5 points above 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

10.9%

of estimated active population

Registered unemployed

1,396

people

Annual change

-2.7%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

15.3°9°Jan15.8°9.5°Feb17.7°10.9°Mar19.1°12.5°Apr23.1°15.9°May27.4°19.8°Jun30.6°23.1°Jul30.4°23.3°Aug26.5°20.5°Sep23.1°17.1°Oct18.9°13°Nov16.5°10.4°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023117.658647
2022113.678625
2021110.211606
2020108.251595

Idealista

Rental flats in Oliva

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Oliva?

The estimated rent in Oliva is €647/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Oliva?

Rent in Oliva has risen by 3.5% compared to the previous year, per the INE IPVA index.

Is Oliva expensive to rent compared to the national average?

Rent in Oliva (€647/month) is close to the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €26000 net per year to live in Oliva with a rent of €647/month.

What would a mortgage cost in Oliva?

For an estimated property price of €130,000 in Oliva (based on current rent of €647/month), the monthly mortgage payment would be €521 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €39,000 (20% down + ~10% costs).

Valencia/València 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: 46181