Rent price in Gernika-Lumo
Vizcaya · País Vasco
Estimated rent · IPVA 2024
Net income
18.0k€
per capita/yr
Unemployment
7.6%
SEPE
Population
17,129
residents
Rent in Gernika-Lumo stands at €658.9/month in 2024 per the INE IPVA, a +3.5% year-on-year change. Since 2016 prices have risen 27%, placing it €88.10000000000002 below the Vizcaya provincial average (€747/month).
National market context
National rank
#277
out of 753 municipalities
vs País Vasco
-70.10000000000002€
region avg: €729
Trend vs Spain
+1.2%
avg: 2.3%
Trend vs region
+1.2%
region avg: €2.3
Gernika-Lumo ranks 277 out of 753 municipalities in the INE rent price index. It is 10% below the País Vasco average (€729/month).
Rent price evolution
Estimated monthly rent in Gernika-Lumo (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
17.961€
per year · INE Atlas
Average household income
43.497€
per year
Rent-to-income ratio
44%
of per capita income
Average gross salary
35.170€
per year · País Vasco
Rent-to-salary ratio
22.5%
of annual gross salary
The national average effort is 55.3% of per capita income. Gernika-Lumo is 11 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the País Vasco average.
What would it cost to live in Gernika-Lumo?
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Go to calculators →Registered unemployment
Estimated unemployment rate
7.6%
of estimated active population
Registered unemployed
645
people
Annual change
+0.2%
vs same month previous year
Source: SEPE (Spanish Public Employment Service)
Climate
Monthly max & min temperature (°C) · 2015–2024 normals
Source: Open-Meteo · ERA5 reanalysis (ECMWF)
Rent index evolution
| Year | INE IPVA Index | Estimated rent |
|---|---|---|
| 2024 | 688.550 | 689€ |
| 2023 | 636.630 | 637€ |
| 2022 | 620.790 | 621€ |
| 2021 | 586.340 | 586€ |
| 2020 | 575.050 | 575€ |
| 2019 | 575.270 | 575€ |
| 2018 | 555.780 | 556€ |
| 2017 | 522.080 | 522€ |
| 2016 | 518.800 | 519€ |
Idealista
Rental flats in Gernika-Lumo →
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Frequently asked questions
How much does it cost to rent in Gernika-Lumo?
The estimated rent in Gernika-Lumo is €658.9/month in 2024, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Gernika-Lumo?
Rent in Gernika-Lumo has risen by 3.5% compared to the previous year, per the INE IPVA index.
Is Gernika-Lumo expensive to rent compared to the national average?
Rent in Gernika-Lumo (€658.9/month) is close to the national average (€648/month).
How much do you need to earn to live in Gernika-Lumo?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €26000 net per year to live in Gernika-Lumo with a rent of €658.9/month.
What would a mortgage cost in Gernika-Lumo?
For an estimated property price of €130,000 in Gernika-Lumo (based on current rent of €658.9/month), the monthly mortgage payment would be €521 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €39,000 (20% down + ~10% costs).
Vizcaya province
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Other municipalities in Vizcaya
Municipalities with similar rent
Municipalities in Spain with a similar rent to Gernika-Lumo (±10%)
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Rent, income, population and more, side by side.
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: EMAL - Estadística del Mercado de Alquiler (Gobierno Vasco) · INE code: 48046