Rent price in Ordes

A Coruña · Galicia

Estimated rent · IPVA 2023

556per month
+2.5% year-on-yearCheaper than 69% of Spainvs Spain: -92€ · avg €648

Net income

13.2k€

per capita/yr

Unemployment

7.5%

SEPE

Population

12,990

residents

View methodology →

In 2023, the estimated rent in Ordes is €556/month (INE IPVA index), a +2.5% annual change and 6.1% higher than in 2020. Estimated provincial average in A Coruña: €562/month.

Full guide: living in Ordes

Monthly budget, required salary and mortgage estimate

National market context

National rank

#520

out of 753 municipalities

vs Galicia

+25

region avg: €531

Trend vs Spain

+0.2%

avg: 2.3%

Trend vs region

+0.4%

region avg: €2.1

Ordes ranks 520 out of 753 municipalities in the INE rent price index. It is close to the Galicia average (€531/month).

Rent price evolution

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

Income and housing effort

Net income per capita

13.244

per year · INE Atlas

Average household income

34.495

per year

Rent-to-income ratio

50.4%

of per capita income

Average gross salary

26.547

per year · Galicia

Rent-to-salary ratio

25.1%

of annual gross salary

The national average effort is 55.3% of per capita income. Ordes is 5 points below that average.

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

FINANCIAL CALCULATORS

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Registered unemployment

Estimated unemployment rate

7.5%

of estimated active population

Registered unemployed

452

people

Annual change

+0.4%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

10.7°4.8°Jan11.8°5.4°Feb12.8°5.7°Mar15.5°7.4°Apr18°9.8°May20.3°12.3°Jun23.1°14.3°Jul23.5°14.6°Aug21.2°13.1°Sep18.1°11.1°Oct13.8°8.1°Nov12.1°6.5°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023111.191556
2022108.476542
2021106.896534
2020104.754524

Idealista

Rental flats in Ordes

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Ordes?

The estimated rent in Ordes is €556/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Ordes?

Rent in Ordes has risen by 2.5% compared to the previous year, per the INE IPVA index.

Is Ordes expensive to rent compared to the national average?

No, rent in Ordes (€556/month) is 14% below the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Ordes with a rent of €556/month.

What would a mortgage cost in Ordes?

For an estimated property price of €110,000 in Ordes (based on current rent of €556/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).

A Coruña province

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Other municipalities in A Coruña

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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: 15059