Rent price in Realejos, Los

Santa Cruz de Tenerife · Canarias

Estimated rent · IPVA 2023

538per month
+3.3% year-on-yearCheaper than 77% of Spainvs Spain: -110€ · avg €648

Net income

11.7k€

per capita/yr

Unemployment

14%

SEPE

Population

37,867

residents

View methodology →

According to INE IPVA data, estimated rent in Realejos, Los is €538/month in 2023 — +3.3% year-on-year. Back in 2020 it was €506/month, a 6.3% increase over 4 years. Provincial average (Santa Cruz de Tenerife): €581/month.

National market context

National rank

#579

out of 753 municipalities

vs Canarias

-51

region avg: €589

Trend vs Spain

+1%

avg: 2.3%

Trend vs region

+0.6%

region avg: €2.7

Realejos, Los ranks 579 out of 753 municipalities in the INE rent price index. It is 9% below the Canarias average (€589/month).

Rent price evolution

Estimated monthly rent in Realejos, Los (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

11.695

per year · INE Atlas

Average household income

32.945

per year

Rent-to-income ratio

55.2%

of per capita income

Average gross salary

25.120

per year · Canarias

Rent-to-salary ratio

25.7%

of annual gross salary

The national average effort is 55.3% of per capita income. Realejos, Los is 0 points below that average.

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

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Registered unemployment

Estimated unemployment rate

14%

of estimated active population

Registered unemployed

2,803

people

Annual change

-5.2%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

18.8°12.8°Jan18.8°12.7°Feb19.2°13°Mar20.2°14.1°Apr21.2°15.2°May22.8°16.9°Jun25.6°18.9°Jul27.1°20.2°Aug25.3°19.2°Sep24.6°18.5°Oct21.9°16.2°Nov20.2°14.1°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023112.103538
2022108.568521
2021106.231510
2020105.361506

Idealista

Rental flats in Realejos, Los

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Realejos, Los?

The estimated rent in Realejos, Los is €538/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Realejos, Los?

Rent in Realejos, Los has risen by 3.3% compared to the previous year, per the INE IPVA index.

Is Realejos, Los expensive to rent compared to the national average?

No, rent in Realejos, Los (€538/month) is 17% below the national average (€648/month).

How much do you need to earn to live in Realejos, Los?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Realejos, Los with a rent of €538/month.

What would a mortgage cost in Realejos, Los?

For an estimated property price of €110,000 in Realejos, Los (based on current rent of €538/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).

Santa Cruz de Tenerife 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: 38031