Rent price in Sestao

Vizcaya · País Vasco

Estimated rent · IPVA 2024

690.1per month
+5.3% year-on-yearPricier than 71% of Spainvs Spain: +42.10000000000002€ · avg €648

Net income

14.7k€

per capita/yr

Unemployment

14.6%

SEPE

Population

28,512

residents

View methodology →

In 2024, the estimated rent in Sestao is €690.1/month (INE IPVA index), a +5.3% annual change and 26.2% higher than in 2016. Estimated provincial average in Vizcaya: €747/month.

National market context

National rank

#222

out of 753 municipalities

vs País Vasco

-38.89999999999998

region avg: €729

Trend vs Spain

+3%

avg: 2.3%

Trend vs region

+3%

region avg: €2.3

Sestao ranks 222 out of 753 municipalities in the INE rent price index. It is close to the País Vasco average (€729/month).

Rent price evolution

Estimated monthly rent in Sestao (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

14.731

per year · INE Atlas

Average household income

34.327

per year

Rent-to-income ratio

56.2%

of per capita income

Average gross salary

35.170

per year · País Vasco

Rent-to-salary ratio

23.5%

of annual gross salary

The national average effort is 55.3% of per capita income. Sestao is 1 points above that average.

Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the País Vasco average.

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Registered unemployment

Estimated unemployment rate

14.6%

of estimated active population

Registered unemployed

2,053

people

Annual change

+3.6%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

Monthly max & min temperature (°C) · 2015–2024 normals

11.8°5.8°Jan13.2°6.4°Feb14.6°7.4°Mar16.3°9°Apr18.6°11.5°May21.4°14.8°Jun23.4°16.7°Jul24.2°16.9°Aug22.5°15.1°Sep20.1°12.9°Oct15.5°9.5°Nov13.7°7.8°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2024707.750708
2023655.380655
2022632.730633
2021613.680614
2020601.080601
2019593.590594
2018588.960589
2017576.350576
2016546.740547

Idealista

Rental flats in Sestao

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Sestao?

The estimated rent in Sestao is €690.1/month in 2024, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Sestao?

Rent in Sestao has risen by 5.3% compared to the previous year, per the INE IPVA index.

Is Sestao expensive to rent compared to the national average?

Yes, rent in Sestao (€690.1/month) is 6% above the national average (€648/month).

How much do you need to earn to live in Sestao?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €28000 net per year to live in Sestao with a rent of €690.1/month.

What would a mortgage cost in Sestao?

For an estimated property price of €140,000 in Sestao (based on current rent of €690.1/month), the monthly mortgage payment would be €561 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €42,000 (20% down + ~10% costs).

Vizcaya province

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Other municipalities in Vizcaya

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INE

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: 48084