Rent price in Sopela
Vizcaya · País Vasco
Estimated rent · IPVA 2024
Net income
20.7k€
per capita/yr
Unemployment
7.7%
SEPE
Population
15,048
residents
According to INE IPVA data, estimated rent in Sopela is €868.2/month in 2024 — +3.2% year-on-year. Back in 2016 it was €711/month, a 22.1% increase over 9 years. Provincial average (Vizcaya): €747/month.
National market context
National rank
#111
out of 753 municipalities
vs País Vasco
+139.20000000000005€
region avg: €729
Trend vs Spain
+0.9%
avg: 2.3%
Trend vs region
+0.9%
region avg: €2.3
Sopela ranks 111 out of 753 municipalities in the INE rent price index. It is 19% above the País Vasco average (€729/month).
Rent price evolution
Estimated monthly rent in Sopela (€/month). Source: INE IPVA.
Income and housing effort
Net income per capita
20.711€
per year · INE Atlas
Average household income
52.198€
per year
Rent-to-income ratio
50.3%
of per capita income
Average gross salary
35.170€
per year · País Vasco
Rent-to-salary ratio
29.6%
of annual gross salary
The national average effort is 55.3% of per capita income. Sopela is 5 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 Sopela?
Calculate your mortgage payment, required salary and real cost of living.
Go to calculators →Registered unemployment
Estimated unemployment rate
7.7%
of estimated active population
Registered unemployed
574
people
Annual change
-5.6%
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 | 889.280 | 889€ |
| 2023 | 840.930 | 841€ |
| 2022 | 806.280 | 806€ |
| 2021 | 797.170 | 797€ |
| 2020 | 747.490 | 747€ |
| 2019 | 764.790 | 765€ |
| 2018 | 745.820 | 746€ |
| 2017 | 722.630 | 723€ |
| 2016 | 710.510 | 711€ |
Idealista
Rental flats in Sopela →
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Frequently asked questions
How much does it cost to rent in Sopela?
The estimated rent in Sopela is €868.2/month in 2024, according to the INE Housing Rental Price Index (IPVA).
Have rents gone up or down in Sopela?
Rent in Sopela has risen by 3.2% compared to the previous year, per the INE IPVA index.
Is Sopela expensive to rent compared to the national average?
Yes, rent in Sopela (€868.2/month) is 34% above the national average (€648/month).
How much do you need to earn to live in Sopela?
Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €35000 net per year to live in Sopela with a rent of €868.2/month.
What would a mortgage cost in Sopela?
For an estimated property price of €175,000 in Sopela (based on current rent of €868.2/month), the monthly mortgage payment would be €701 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €52,500 (20% down + ~10% costs).
Vizcaya province
View all municipalities and compare prices
Other municipalities in Vizcaya
Municipalities with similar rent
Municipalities in Spain with a similar rent to Sopela (±10%)
More affordable options in País Vasco
Municipalities in País Vasco with lower rent than Sopela
Want to compare Sopela 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: EMAL - Estadística del Mercado de Alquiler (Gobierno Vasco) · INE code: 48085