Rental Prices in Soria 2023
Rental price statistics in the province of Soria - CASTILLA Y LEÓN
Ranking
#30 of 50 provinces
Variation 2023
+5.1%
Median rent (Collective housing)
5.76€/m²
Median amount/month
456.13€
Collective housing
2023
Median rent
5.76€/m²
Median amount
456.13€
Median area
85 m²
Contracts
3,974
Single-family housing
2023
Median rent
3.02€/m²
Median amount
350.00€
Median area
188.5 m²
Contracts
360
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 4.92 | 400.00 | 2,289 | - |
| 2012 | 4.82 | 394.56 | 2,320 | -2% |
| 2013 | 4.61 | 370.00 | 2,339 | -4.4% |
| 2014 | 4.44 | 360.00 | 2,473 | -3.7% |
| 2015 | 4.39 | 350.00 | 2,576 | -1.1% |
| 2016 | 4.47 | 355.67 | 2,764 | +1.8% |
| 2017 | 4.55 | 366.67 | 2,872 | +1.8% |
| 2018 | 4.68 | 380.00 | 3,079 | +2.9% |
| 2019 | 5.06 | 400.00 | 3,290 | +8.1% |
| 2020 | 5.15 | 405.00 | 3,455 | +1.8% |
| 2021 | 5.34 | 428.27 | 3,620 | +3.7% |
| 2022 | 5.48 | 450.00 | 3,758 | +2.6% |
| 2023 | 5.76 | 456.13 | 3,974 | +5.1% |
The rental housing market in Soria, a province located in the autonomous community of Castilla y León, offers a distinctive perspective within the broader Spanish real estate landscape. As of 2023, Soria's average rent stands at an appealing rate of 3.0 €/m², translating to an average monthly rent of approximately 350 euros. This pricing positions Soria as an attractive option for tenants seeking affordable housing, especially when compared to larger urban centers across Spain where rental rates can be significantly higher. When examining the rental market in Soria, it is essential to consider the context of registered rental contracts, which amounted to 360 in the past year. While this figure may seem modest, it reflects a stable rental environment amidst a backdrop of fluctuating rental prices in other provinces. The relative scarcity of registered contracts in Soria suggests that many residents may prefer homeownership or that the rental market is still developing to meet the needs of potential tenants. In terms of price ranking, Soria occupies the 93rd position out of 52 provinces in Spain, indicating that it is among the more affordable regions for renting. This ranking not only highlights the province's competitive rental prices but also underscores an opportunity for growth in the rental sector. For tenants, this means that Soria can be a viable option for those who prioritize budget-friendly living while still enjoying the benefits of residing in a provincial capital. Comparatively, the rental prices in Castilla y León as a whole reveal a similar trend toward affordability. Many areas within the autonomous community offer lower rental prices than the national average, which hovers around 11.5 €/m². This positions Soria favorably for individuals and families looking to escape the high costs of urban living in places like Madrid or Barcelona. Here, they can find a balance between cost-effectiveness and quality of life, often surrounded by the natural beauty and cultural richness that Soria has to offer. Furthermore, the rental market in Soria is influenced by demographic trends and local economic factors. The province has a lower population density than other regions, which can affect demand for rental properties. While this may limit the growth potential of the rental market, it also affords tenants the opportunity to negotiate better terms, given the current supply and demand dynamics. In conclusion, the rental housing market in Soria presents a unique blend of affordability and opportunity. With its average rent of 3.0 €/m² and a competitive position in the national ranking, Soria stands out as an attractive option for tenants. As the local market continues to evolve, it will be essential for stakeholders to monitor these trends, ensuring that Soria remains a viable and appealing choice for those seeking rental accommodation in Spain.