Rent price in Silla

Valencia/València · Comunitat Valenciana

Estimated rent · IPVA 2023

677per month
+3.8% year-on-yearPricier than 66% of Spainvs Spain: +29€ · avg €648

Net income

13.1k€

per capita/yr

Unemployment

11.8%

SEPE

Population

20,482

residents

View methodology →

According to INE IPVA data, estimated rent in Silla is €677/month in 2023 — +3.8% year-on-year. Back in 2020 it was €615/month, a 10.1% increase over 4 years. Provincial average (Valencia/València): €671/month.

National market context

National rank

#255

out of 753 municipalities

vs CCAA

+34

region avg: €643

Trend vs Spain

+1.5%

avg: 2.3%

Trend vs region

+0.6%

region avg: €3.2

Silla ranks 255 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 Silla (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

13.143

per year · INE Atlas

Average household income

34.016

per year

Rent-to-income ratio

61.8%

of per capita income

Average gross salary

26.817

per year · Comunitat Valenciana

Rent-to-salary ratio

30.3%

of annual gross salary

The national average effort is 55.3% of per capita income. Silla is 7 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

11.8%

of estimated active population

Registered unemployed

1,161

people

Annual change

-7.6%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

16.3°7.3°Jan17.1°8°Feb18.8°9.7°Mar20.2°11.4°Apr24.1°14.9°May28°19°Jun30.6°22.3°Jul30.7°22.5°Aug27.6°19.7°Sep24°16.1°Oct19.8°11.7°Nov17.2°8.9°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023123.082677
2022118.563652
2021114.814631
2020111.866615

Idealista

Rental flats in Silla

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Silla?

The estimated rent in Silla is €677/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Silla?

Rent in Silla has risen by 3.8% compared to the previous year, per the INE IPVA index.

Is Silla expensive to rent compared to the national average?

Rent in Silla (€677/month) is close to the national average (€648/month).

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

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €27000 net per year to live in Silla with a rent of €677/month.

What would a mortgage cost in Silla?

For an estimated property price of €135,000 in Silla (based on current rent of €677/month), the monthly mortgage payment would be €541 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €40,500 (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: 46230