Rent price in Redondela
Pontevedra · Galicia
Estimated rent · IPVA 2023
Net income
13.9k€
per capita/yr
Unemployment
9.8%
SEPE
Population
28,874
residents
Rent in Redondela stands at €567/month in 2023 per the INE IPVA, a +2.4% year-on-year change. Since 2020 prices have risen 7.6%, placing it €9 above the Pontevedra provincial average (€558/month).
National market context
National rank
#477
out of 753 municipalities
vs Galicia
+36€
region avg: €531
Trend vs Spain
+0.1%
avg: 2.3%
Trend vs region
+0.3%
region avg: €2.1
Redondela ranks 477 out of 753 municipalities in the INE rent price index. It is 7% above the Galicia average (€531/month).
Rent price evolution
Estimated monthly rent in Redondela (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
13.948€
per year · INE Atlas
Average household income
37.805€
per year
Rent-to-income ratio
48.8%
of per capita income
Average gross salary
26.547€
per year · Galicia
Rent-to-salary ratio
25.6%
of annual gross salary
The national average effort is 55.3% of per capita income. Redondela is 7 points below that average.
Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Galicia average.
What would it cost to live in Redondela?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
9.8%
of estimated active population
Registered unemployed
1,310
people
Annual change
-3.9%
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 |
|---|---|---|
| 2023 | 115.652 | 567€ |
| 2022 | 112.941 | 553€ |
| 2021 | 110.296 | 540€ |
| 2020 | 107.470 | 527€ |
Idealista
Rental flats in Redondela →
External link to Idealista. UrbanStatsLab may earn a commission.
Frequently asked questions
How much does it cost to rent in Redondela?
The estimated rent in Redondela is €567/month in 2023, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Redondela?
Rent in Redondela has risen by 2.4% compared to the previous year, per the INE IPVA index.
Is Redondela expensive to rent compared to the national average?
No, rent in Redondela (€567/month) is 12% below the national average (€648/month).
How much do you need to earn to live in Redondela?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €23000 net per year to live in Redondela with a rent of €567/month.
What would a mortgage cost in Redondela?
For an estimated property price of €115,000 in Redondela (based on current rent of €567/month), the monthly mortgage payment would be €461 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €34,500 (20% down + ~10% costs).
Pontevedra province
View all municipalities and compare prices
Other municipalities in Pontevedra
Municipalities with similar rent
Municipalities in Spain with a similar rent to Redondela (±10%)
Want to compare Redondela with another municipality?
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: INE IPVA base 2015=100 · INE code: 36045