Rent price in Picanya
Valencia/València · Comunitat Valenciana
Estimated rent · IPVA 2023
Net income
15.6k€
per capita/yr
Unemployment
8.6%
SEPE
Population
11,901
residents
Rent in Picanya stands at €693/month in 2023 per the INE IPVA, a +2.9% year-on-year change. Since 2020 prices have risen 9.7%, placing it €22 above the Valencia/València provincial average (€671/month).
National market context
National rank
#220
out of 753 municipalities
vs CCAA
+50€
region avg: €643
Trend vs Spain
+0.6%
avg: 2.3%
Trend vs region
-0.3%
region avg: €3.2
Picanya ranks 220 out of 753 municipalities in the INE rent price index. It is 8% above the Comunitat Valenciana average (€643/month).
Rent price evolution
Estimated monthly rent in Picanya (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
15.623€
per year · INE Atlas
Average household income
41.913€
per year
Rent-to-income ratio
53.2%
of per capita income
Average gross salary
26.817€
per year · Comunitat Valenciana
Rent-to-salary ratio
31%
of annual gross salary
The national average effort is 55.3% of per capita income. Picanya is 2 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Comunitat Valenciana average.
What would it cost to live in Picanya?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
8.6%
of estimated active population
Registered unemployed
492
people
Annual change
-11.7%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
Climate
Monthly max & min temperature (°C) · 2015–2024 normals
Source: Open-Meteo · ERA5 reanalysis (ECMWF)
Rent index evolution
| Year | INE IPVA Index | Estimated rent |
|---|---|---|
| 2023 | 126.019 | 693€ |
| 2022 | 122.417 | 673€ |
| 2021 | 117.853 | 648€ |
| 2020 | 114.897 | 632€ |
Idealista
Rental flats in Picanya →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Picanya?
The estimated rent in Picanya is €693/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Picanya?
Rent in Picanya has risen by 2.9% compared to the previous year, per the INE IPVA index.
Is Picanya expensive to rent compared to the national average?
Yes, rent in Picanya (€693/month) is 7% above the national average (€648/month).
How much do you need to earn to live in Picanya?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €28000 net per year to live in Picanya with a rent of €693/month.
What would a mortgage cost in Picanya?
For an estimated property price of €140,000 in Picanya (based on current rent of €693/month), the monthly mortgage payment would be €561 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €42,000 (20% down + ~10% costs).
Valencia/València province
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Other municipalities in Valencia/València
Municipalities with similar rent
Municipalities in Spain with a similar rent to Picanya (±10%)
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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: 46193