Highest gross rental yield by municipality
This ranking orders the places in our sample by gross rental yield: how much a year of rent represents against the value of the home, both per square metre.
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Highest gross rental yield by municipality
Sample: 110 places; 63 have both figures. Rent: 2024.
| # | Municipality | Gross rental yield1 | Median rent2 | Average appraised value3 |
|---|---|---|---|---|
| 1 | Elda | 5.3% 2024 / Q2 2026 | €4.5/m² a month | €1,013.1/m² |
| 2 | Jumilla | 5.2% 2024 / Q2 2026 | €3.57/m² a month | €829.1/m² |
| 3 | Murcia | 5% 2024 / Q2 2026 | €6.52/m² a month | €1,579.6/m² |
| 3 | Totana | 5% 2024 / Q2 2026 | €4.06/m² a month | €967.9/m² |
| 5 | Caravaca de la Cruz | 4.9% 2024 / Q2 2026 | €3.66/m² a month | €902.9/m² |
| 5 | Cieza | 4.9% 2024 / Q2 2026 | €3.88/m² a month | €953.9/m² |
| 5 | Lorca | 4.9% 2024 / Q2 2026 | €4.82/m² a month | €1,170.2/m² |
| 8 | Alcoy | 4.8% 2024 / Q2 2026 | €4.49/m² a month | €1,131.6/m² |
| 8 | Petrer | 4.8% 2024 / Q2 2026 | €4.43/m² a month | €1,113.1/m² |
| 8 | Alcantarilla | 4.8% 2024 / Q2 2026 | €4.31/m² a month | €1,070.2/m² |
| 8 | Molina de Segura | 4.8% 2024 / Q2 2026 | €5.27/m² a month | €1,325.2/m² |
| 8 | Yecla | 4.8% 2024 / Q2 2026 | €3.54/m² a month | €881.6/m² |
| 13 | Villena | 4.7% 2024 / Q2 2026 | €3.87/m² a month | €994.4/m² |
| 14 | Novelda | 4.6% 2024 / Q2 2026 | €3.92/m² a month | €1,015.4/m² |
| 14 | Alzira | 4.6% 2024 / Q2 2026 | €4.64/m² a month | €1,220.9/m² |
| 14 | Xàtiva | 4.6% 2024 / Q2 2026 | €4.66/m² a month | €1,209.2/m² |
| 17 | Crevillent | 4.5% 2024 / Q2 2026 | €3.9/m² a month | €1,044.4/m² |
| 17 | Algemesí | 4.5% 2024 / Q2 2026 | €4/m² a month | €1,070.1/m² |
| 19 | Cartagena | 4.4% 2024 / Q2 2026 | €5.42/m² a month | €1,485.6/m² |
| 19 | Alaquàs | 4.4% 2024 / Q2 2026 | €6.15/m² a month | €1,679.2/m² |
| 19 | Ontinyent | 4.4% 2024 / Q2 2026 | €4.13/m² a month | €1,138.1/m² |
| 19 | Sagunto | 4.4% 2024 / Q2 2026 | €5.97/m² a month | €1,628.6/m² |
| 23 | Antequera | 4.3% 2024 / Q2 2026 | €5.5/m² a month | €1,532.1/m² |
| 23 | Aldaia | 4.3% 2024 / Q2 2026 | €5.95/m² a month | €1,645.1/m² |
| 25 | Torre-Pacheco | 4.1% 2024 / Q2 2026 | €4.68/m² a month | €1,378.4/m² |
| 25 | Catarroja | 4.1% 2024 / Q2 2026 | €5.71/m² a month | €1,667.7/m² |
| 25 | Xirivella | 4.1% 2024 / Q2 2026 | €6.06/m² a month | €1,789.5/m² |
| 25 | Manises | 4.1% 2024 / Q2 2026 | €6.4/m² a month | €1,865.8/m² |
| 29 | Elche | 4% 2024 / Q2 2026 | €5.45/m² a month | €1,635.1/m² |
| 29 | Águilas | 4% 2024 / Q2 2026 | €4.88/m² a month | €1,453.8/m² |
| 29 | Torrent | 4% 2024 / Q2 2026 | €6.28/m² a month | €1,903.8/m² |
| 32 | San Vicente del Raspeig | 3.9% 2024 / Q2 2026 | €6.44/m² a month | €1,974.2/m² |
| 33 | Alhaurín de la Torre | 3.8% 2024 / Q2 2026 | €8.69/m² a month | €2,753/m² |
| 33 | Burjassot | 3.8% 2024 / Q2 2026 | €6.33/m² a month | €1,978.5/m² |
| 33 | Quart de Poblet | 3.8% 2024 / Q2 2026 | €6.15/m² a month | €1,924.5/m² |
| 36 | Alicante | 3.7% 2024 / Q2 2026 | €7.11/m² a month | €2,279.2/m² |
| 36 | Mazarrón | 3.7% 2024 / Q2 2026 | €4.93/m² a month | €1,583.6/m² |
| 36 | San Javier | 3.7% 2024 / Q2 2026 | €5.95/m² a month | €1,952.8/m² |
| 39 | el Campello | 3.6% 2024 / Q2 2026 | €8.57/m² a month | €2,836.1/m² |
| 39 | Villajoyosa | 3.6% 2024 / Q2 2026 | €6.68/m² a month | €2,222.1/m² |
| 39 | Gandia | 3.6% 2024 / Q2 2026 | €5.22/m² a month | €1,757/m² |
| 39 | Sueca | 3.6% 2024 / Q2 2026 | €4.42/m² a month | €1,461.7/m² |
| 43 | Torrevieja | 3.5% 2024 / Q2 2026 | €6.6/m² a month | €2,254/m² |
| 43 | Málaga | 3.5% 2024 / Q2 2026 | €9.55/m² a month | €3,320.5/m² |
| 43 | Ronda | 3.5% 2024 / Q2 2026 | €5.1/m² a month | €1,742.8/m² |
| 43 | Oliva | 3.5% 2024 / Q2 2026 | €4.39/m² a month | €1,503.5/m² |
| 43 | Paterna | 3.5% 2024 / Q2 2026 | €6.62/m² a month | €2,294.8/m² |
| 48 | Mislata | 3.4% 2024 / Q2 2026 | €6.62/m² a month | €2,313.5/m² |
| 49 | València | 3.3% 2024 / Q2 2026 | €8.18/m² a month | €2,972.8/m² |
| 50 | Benidorm | 3.2% 2024 / Q2 2026 | €8.45/m² a month | €3,216.5/m² |
| 50 | Benalmádena | 3.2% 2024 / Q2 2026 | €10.08/m² a month | €3,782.7/m² |
| 50 | Torremolinos | 3.2% 2024 / Q2 2026 | €10.17/m² a month | €3,758.3/m² |
| 53 | Santa Pola | 3.1% 2024 / Q2 2026 | €6.82/m² a month | €2,613.9/m² |
| 53 | Mijas | 3.1% 2024 / Q2 2026 | €8.68/m² a month | €3,365.1/m² |
| 55 | Fuengirola | 3% 2024 / Q2 2026 | €9.29/m² a month | €3,758/m² |
| 55 | Rincón de la Victoria | 3% 2024 / Q2 2026 | €8.74/m² a month | €3,506.2/m² |
| 57 | Estepona | 2.9% 2024 / Q2 2026 | €8.36/m² a month | €3,518.4/m² |
| 57 | Vélez-Málaga | 2.9% 2024 / Q2 2026 | €6.84/m² a month | €2,788.4/m² |
| 59 | Orihuela | 2.8% 2024 / Q2 2026 | €4.89/m² a month | €2,079.9/m² |
| 60 | Calp | 2.7% 2024 / Q2 2026 | €7.24/m² a month | €3,268.5/m² |
| 60 | Dénia | 2.7% 2024 / Q2 2026 | €6.65/m² a month | €2,984.9/m² |
| 62 | Marbella | 2.6% 2024 / Q2 2026 | €9.63/m² a month | €4,528.3/m² |
| 63 | Jávea | 2.4% 2024 / Q2 2026 | €7.14/m² a month | €3,507.2/m² |
| No data from the source for these places. They are listed here, not left out. | ||||
| — | l'Alfàs del Pi | — | €7.88/m² a month | — |
| — | Algorfa | — | €6.67/m² a month | — |
| — | Almoradí | — | €4.34/m² a month | — |
| — | Altea | — | €7.06/m² a month | — |
| — | Aspe | — | €4.16/m² a month | — |
| — | Benijófar | — | €5.23/m² a month | — |
| — | Benissa | — | €4.47/m² a month | — |
| — | Benitachell | — | €5.26/m² a month | — |
| — | Finestrat | — | €8.01/m² a month | — |
| — | Guardamar del Segura | — | €6.85/m² a month | — |
| — | Ibi | — | €4.02/m² a month | — |
| — | Mutxamel | — | €6.35/m² a month | — |
| — | Rojales | — | €5.89/m² a month | — |
| — | San Fulgencio | — | €4.01/m² a month | — |
| — | Sant Joan d'Alacant | — | €6.36/m² a month | — |
| — | San Miguel de Salinas | — | €4.49/m² a month | — |
| — | Teulada | — | €6.41/m² a month | — |
| — | Pilar de la Horadada | — | €5.34/m² a month | — |
| — | Los Montesinos | — | €4.67/m² a month | — |
| — | Alhaurín el Grande | — | €6.61/m² a month | — |
| — | Benahavís | — | €10.77/m² a month | — |
| — | Cártama | — | €7.57/m² a month | — |
| — | Casares | — | €10.29/m² a month | — |
| — | Coín | — | €5.95/m² a month | — |
| — | Manilva | — | €8.13/m² a month | — |
| — | Nerja | — | €7.92/m² a month | — |
| — | Torrox | — | €7.76/m² a month | — |
| — | Alhama de Murcia | — | €4.69/m² a month | — |
| — | Archena | — | €4.32/m² a month | — |
| — | San Pedro del Pinatar | — | €5.32/m² a month | — |
| — | Las Torres de Cotillas | — | €4.55/m² a month | — |
| — | La Unión | — | €4.95/m² a month | — |
| — | Los Alcázares | — | €5.43/m² a month | — |
| — | Alboraya | — | €8.09/m² a month | — |
| — | Alfafar | — | €5.82/m² a month | — |
| — | Bétera | — | €6.07/m² a month | — |
| — | Carcaixent | — | €4.33/m² a month | — |
| — | Cullera | — | €5.9/m² a month | — |
| — | Llíria | — | €4.4/m² a month | — |
| — | Moncada | — | €6.69/m² a month | — |
| — | Paiporta | — | €6.13/m² a month | — |
| — | Picassent | — | €5.31/m² a month | — |
| — | la Pobla de Vallbona | — | €5.88/m² a month | — |
| — | Puçol | — | €6.43/m² a month | — |
| — | Requena | — | €3.92/m² a month | — |
| — | Riba-roja de Túria | — | €5.49/m² a month | — |
| — | Silla | — | €5.54/m² a month | — |
- Gross rental yield: Measured for the municipality · Origen de los datos: Ministerio de Vivienda y Agenda Urbana (SERPAVI), 2024. Updated 17/10/2026. · Fuente: Ministerio de Transportes y Movilidad Sostenible, Q2 2026. Updated 17/10/2026.
- Median rent: Measured for the municipality · Origen de los datos: Ministerio de Vivienda y Agenda Urbana (SERPAVI), 2024. Updated 17/10/2026.
- Average appraised value: Measured for the municipality · Fuente: Ministerio de Transportes y Movilidad Sostenible, Q2 2026. Updated 17/10/2026.
Origen de los datos: Ministerio de Vivienda y Agenda Urbana (SERPAVI) · Fuente: Ministerio de Transportes y Movilidad Sostenible. Updated 17/10/2026.
How it is calculated
Gross yield is the median monthly rent per square metre for flats, multiplied by twelve, divided by the average appraised value per square metre. The rent comes from the Ministry of Housing's rental price index (SERPAVI), built from the rents landlords declare in their income tax returns; the value is the Ministry's average appraisal (valor tasado). Both are official and measured the same way in every municipality.
The two series cover different periods: SERPAVI is published with a delay of more than a year, while appraisals are quarterly. The page shows both periods. Declared rents are long-term lets; holiday rentals and undeclared contracts are not in the index.
It is a gross figure, before property tax (IBI), community fees, insurance, empty months, maintenance and income tax, which can take a large share of it. Places without one of the two series appear at the bottom as “no data”. This ranking is information to compare places, not investment advice.
Methods
How we calculate gross rental yield
Gross yield is the median monthly rent per square metre for flats from the Ministry of Housing's SERPAVI index, multiplied by twelve, divided by the Ministry's average appraised value per square metre. Both periods are shown, because the rent index is published more than a year later than appraisals. It is a figure before property tax, community fees, insurance, empty months and income tax, and it covers declared long-term lets, not holiday rentals. It is information for comparing places, not investment advice.