Rent price in Vilanova de Arousa

Pontevedra · Galicia

Estimated rent · IPVA 2023

556per month
+2.3% year-on-yearCheaper than 69% of Spainvs Spain: -92€ · avg €648

Net income

11.9k€

per capita/yr

Unemployment

9.9%

SEPE

Population

10,159

residents

View methodology →

Rent in Vilanova de Arousa stands at €556/month in 2023 per the INE IPVA, a +2.3% year-on-year change. Since 2020 prices have risen 6.3%, placing it €2 below the Pontevedra provincial average (€558/month).

National market context

National rank

#521

out of 753 municipalities

vs Galicia

+25

region avg: €531

Trend vs Spain

0%

avg: 2.3%

Trend vs region

+0.2%

region avg: €2.1

Vilanova de Arousa ranks 521 out of 753 municipalities in the INE rent price index. It is close to the Galicia average (€531/month).

Rent price evolution

Estimated monthly rent in Vilanova de Arousa (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

11.902

per year · INE Atlas

Average household income

31.779

per year

Rent-to-income ratio

56.1%

of per capita income

Average gross salary

26.547

per year · Galicia

Rent-to-salary ratio

25.1%

of annual gross salary

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

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

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Registered unemployment

Estimated unemployment rate

9.9%

of estimated active population

Registered unemployed

463

people

Annual change

+3.8%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

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

12.8°6.4°Jan14°7°Feb15°7.6°Mar17.5°9.4°Apr20°11.8°May22.3°14.3°Jun25.4°16.4°Jul25.7°16.6°Aug23.1°14.9°Sep19.9°12.9°Oct15.9°9.7°Nov14.1°7.9°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023113.418556
2022110.821543
2021109.058534
2020106.692523

Idealista

Rental flats in Vilanova de Arousa

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Vilanova de Arousa?

The estimated rent in Vilanova de Arousa is €556/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Vilanova de Arousa?

Rent in Vilanova de Arousa has risen by 2.3% compared to the previous year, per the INE IPVA index.

Is Vilanova de Arousa expensive to rent compared to the national average?

No, rent in Vilanova de Arousa (€556/month) is 14% below the national average (€648/month).

How much do you need to earn to live in Vilanova de Arousa?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €22000 net per year to live in Vilanova de Arousa with a rent of €556/month.

What would a mortgage cost in Vilanova de Arousa?

For an estimated property price of €110,000 in Vilanova de Arousa (based on current rent of €556/month), the monthly mortgage payment would be €441 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €33,000 (20% down + ~10% costs).

Pontevedra province

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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: INE IPVA base 2015=100 · INE code: 36061