Market analysis — Zaragoza
Zaragoza reaches 673,010 residents in 2022, growing 1.2% from 2015 according to INE's Padrón Continuo. Median sale price per square metre in Rendio's analysed listings sits at €2,415/m², one of the lowest values among the mid-sized Spanish capitals Rendio covers. The range goes from €1,491/m² in Valdefierro to €3,386/m² in Alfonso, with a relatively flat distribution across districts. Spain's fifth-largest city by population combines contained prices with positive but moderate demographic momentum.
Zaragoza's rental tension scores 67 out of 100 on demand and 93 out of 100 on tenant budget, one of the most balanced combinations in the sample. SERPAVI's average rent estimate (~€550/month in 2024) absorbs around 41% of the per-capita disposable income INE publishes for the province (€16,272/year). A rent-to-income ratio below 45% is generally considered relatively healthy in the European comparative context, and it has historically coincided in Spanish secondary markets with less pressure on rents, lower sale-price volatility, and a lower presence of institutional capital chasing short-term arbitrage.
Across 29 analysed districts, net yield in Zaragoza ranges from 1.78% in Alfonso to 4.04% in Valdefierro. The best price-to-rent ratios are in Valdefierro (4.04%), Santa Isabel (3.26%), Barrio Torrero (3.13%), Montecanal-Valdespartera-Rosales del Canal (3.09%) and Mercado San Valero (3.08%). Supply distributes relatively evenly: Paseo Independencia (12 listings), Montecanal-Valdespartera-Rosales (10) and Alfonso (8) are the largest concentrations, with a long tail of districts at 3-7 listings each. That dispersed structure, combined with a wide yield range and local rent affordability, distinguishes Zaragoza as a market where individual opportunity screening by net yield —rather than pure district selection— is especially productive.
Rendio applies an initial filter to remove listings outside the retail-investor profile: VPO-classified properties, units occupied or with active tenants, «to reform» listings without a reasonably estimated refurbishment cost, and cases with insufficient surface or price data. The Catastro reference adds a complementary check when available. The dashboard lets you filter the 178 active Zaragoza listings by these criteria and by net yield computed one listing at a time.