Municipality · Córdoba

Investing in Cardeña: 3 €/m²/month in rent and 5.9% gross yield

Buying in Cardeña costs 629 €/m² on average and renting goes for 3 €/m² a month, leaving a gross yield of 5.9% before costs and taxes. It sits clearly above the Spanish average (4.2%), with purchase prices below the Spanish average.

3 €/m²/monthRent90 m² home: €279/month
629 €/m²Purchase90 m² home: €56,610
5.9%Gross yieldAnnual rent over purchase price
0/100Momentum50 = flat market
The map

Cardeña within Córdoba

Where the municipality sits and how it compares with its neighbours.

Córdoba · 4.8% gross yieldLucena · 4.9% gross yieldPuente Genil · 5.0% gross yieldMontilla · 5.1% gross yieldPriego de Córdoba · 5.4% gross yieldPalma del Río · 5.0% gross yieldCabra · 4.7% gross yieldBaena · 5.3% gross yieldPozoblanco · 5.1% gross yieldCarlota, La · 5.3% gross yieldAguilar de la Frontera · 5.9% gross yieldPeñarroya-Pueblonuevo · 5.7% gross yieldFuente Palmera · 5.1% gross yieldRute · 5.3% gross yieldFernán-Núñez · 6.0% gross yieldMontoro · 5.7% gross yieldVillanueva de Córdoba · 6.0% gross yieldAlmodóvar del Río · 5.4% gross yieldCastro del Río · 6.0% gross yieldRambla, La · 5.5% gross yieldPosadas · 5.3% gross yieldBujalance · 5.7% gross yieldVilla del Río · 5.0% gross yieldHinojosa del Duque · 6.3% gross yieldNueva Carteya · 5.6% gross yieldBenamejí · 5.3% gross yieldVillafranca de Córdoba · 5.5% gross yieldSantaella · 5.8% gross yieldDoña Mencía · 5.5% gross yieldMontalbán de Córdoba · 5.5% gross yieldHornachuelos · 5.6% gross yieldCarpio, El · 5.1% gross yieldFuente Obejuna · 6.2% gross yieldAdamuz · 5.8% gross yieldMontemayor · 5.4% gross yieldIznájar · 5.9% gross yieldMoriles · 5.5% gross yieldEspejo · 5.6% gross yieldBelalcázar · 6.2% gross yieldVillaviciosa de Córdoba · 6.1% gross yieldBelmez · 6.2% gross yieldLuque · 5.8% gross yieldPedro Abad · 5.8% gross yieldCañete de las Torres · 5.9% gross yieldViso, El · 6.1% gross yieldDos Torres · 6.0% gross yieldEspiel · 5.6% gross yieldVictoria, La · 5.3% gross yieldAlmedinilla · 5.9% gross yieldCarcabuey · 5.6% gross yieldEncinas Reales · 5.6% gross yieldObejo · 5.4% gross yieldMonturque · 5.7% gross yieldGuadalcázar · 5.3% gross yieldAlcaracejos · 6.2% gross yieldAñora · 6.0% gross yieldPedroche · 6.7% gross yieldPalenciana · 6.1% gross yieldVillanueva del Duque · 6.3% gross yieldGuijarrosa, La · 5.9% gross yieldFuente Carreteros · 5.4% gross yieldVillaralto · 6.3% gross yieldVillanueva del Rey · 6.2% gross yieldValenzuela · 6.0% gross yieldTorrecampo · 6.2% gross yieldSan Sebastián de los Ballesteros · 5.6% gross yieldSanta Eufemia · 6.0% gross yieldFuente-Tójar · 6.6% gross yieldVillaharta · 5.7% gross yieldBlázquez, Los · 6.5% gross yieldZuheros · 5.5% gross yieldGranjuela, La · 6.8% gross yieldConquista · 6.2% gross yieldValsequillo · 6.7% gross yieldGuijo, El · 6.3% gross yieldFuente la Lancha · 6.8% gross yieldCardeña · 5.9% gross yield Cardeña5.9%Córdoba4.8%Hornachuelos5.6%Montoro5.7% Cardeña5.9%
Gross yield < 3%3–4 %4–5 %5–6 %≥ 6% sin datos

Administrative boundaries from the Spanish National Geographic Institute (CC BY 4.0). The Canary Islands are drawn shifted, as on any map of Spain.

The verdict

What the analysis sees

The specific signals the official data leaves about this market, before going into detail.

On gross yield it ranks 29 of 77 among the municipalities of its province.

Cardeña has 1,387 residents, an average gross household income of €18,117 a year. These are signals of how deep housing demand runs, not of the risk of any one tenant.

In favour

  • Gross yield of 5.9%Above the Spanish average (4.2%) on the same calculation method.

Against

  • Momentum 0/100The local market is not helping: the recent series are flat or falling.
  • 0.84 repossessions per 1,000 dwellingsRepossession pressure above the average, a provincial figure that signals market stress.
The market

What it costs and what it earns

The market level in Cardeña and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².

16.9 yearsPrice / Rent (PER)Years of rent to pay off the purchase
3.1 yearsAffordabilityHousehold incomes to pay for 90 m²
19%Rent burdenAnnual rent as a share of household income
0.75%Urban IBIRate approved by the town hall
629 €/m²Purchase price
Spain 2,028 €/m² €/m² of transactions, population-weighted average
3 €/m²/monthRent
Spain 7 €/m² €/m² a month, population-weighted average
5.9%Gross yield
Spain 4.2% annual rent over purchase price, before costs
The comparison

Where it stands against the rest

Cardeña's percentile among the municipalities with enough data, computed on the same figure for all of them.

Gross yield5.9%
58
PeorMedianaMejor
Rent level3 €/m²/month
56
PeorMedianaMejor
Momentum0/100
0
PeorMedianaMejor

Within Córdoba it ranks 29 of 77 on gross yield.

The demand

Demand, employment and liquidity

The structural depth of the market: how many people live here, what they earn, how much changes hands and what stress it carries. This is market context, never a measure of tenant risk.

2.9Market turnover
Spain 3.3 transactions a year per 1,000 residents · more turnover, easier to resell
€18,117Gross household income
Spain €31,185 annual income tax returns (AEAT), population-weighted territorial average
-2.2‰Net migration
Spain 12.8‰ arrivals minus departures from abroad per 1,000 residents
0.84Repossession pressure
Spain 0.55 housing repossessions per 1,000 dwellings of the provincial stock · 2025

Repossessions are a provincial figure (INE): they describe the market in Córdoba, not this municipality alone.

The costs

Municipal costs and taxes

What the town hall and the cadastre set for this municipality, which is what the owner pays every year whether it is let or not.

0.750%Urban IBI rateApproved by the town hall
2002Last cadastral revisionThe older it is, the more outdated the cadastral value
€212/yearIBI on a standard homeEstimated on 90 m² and the average cadastral value
The trend

How it has moved

Official series for Cardeña over recent years. Where a series is missing, the municipality does not publish it.

Housing transactions

MIVAU · deals per year

+27.8% interanual
23 20112015201820222025 7 · 20117 · 20113 · 20123 · 20127 · 20137 · 20135 · 20145 · 20146 · 20156 · 20157 · 20167 · 20165 · 20175 · 20176 · 20186 · 201811 · 201911 · 201911 · 202011 · 20203 · 20213 · 202113 · 202213 · 202215 · 202315 · 202318 · 202418 · 202423 · 202523 · 2025

Registered unemployment

SEPE · yearly average

−13.9% interanual
62 20192021202320242026 110 · 2019110 · 2019123 · 2020123 · 2020112 · 2021112 · 202195 · 202295 · 202294 · 202394 · 202383 · 202483 · 202472 · 202572 · 202562 · 202662 · 2026

Average gross income

AEAT · annual tax return

+2.8% interanual
€18,117 20132016201820212023 €13,198 · 2013€13,198 · 2013€13,223 · 2014€13,223 · 2014€13,129 · 2015€13,129 · 2015€13,601 · 2016€13,601 · 2016€14,525 · 2017€14,525 · 2017€15,111 · 2018€15,111 · 2018€15,965 · 2019€15,965 · 2019€15,855 · 2020€15,855 · 2020€16,094 · 2021€16,094 · 2021€17,619 · 2022€17,619 · 2022€18,117 · 2023€18,117 · 2023

Registered population

INE · yearly population register

0.0% interanual
1,387 20112014201820222025 1,703 · 20111,703 · 20111,703 · 20111,703 · 20111,669 · 20121,669 · 20121,669 · 20121,669 · 20121,634 · 20131,634 · 20131,634 · 20131,634 · 20131,606 · 20141,606 · 20141,606 · 20141,606 · 20141,604 · 20151,604 · 20151,604 · 20151,604 · 20151,552 · 20161,552 · 20161,552 · 20161,552 · 20161,532 · 20171,532 · 20171,532 · 20171,532 · 20171,503 · 20181,503 · 20181,503 · 20181,503 · 20181,490 · 20191,490 · 20191,490 · 20191,490 · 20191,471 · 20201,471 · 20201,471 · 20201,471 · 20201,473 · 20211,473 · 20211,473 · 20211,473 · 20211,455 · 20221,455 · 20221,455 · 20221,455 · 20221,437 · 20231,437 · 20231,437 · 20231,437 · 20231,422 · 20241,422 · 20241,422 · 20241,422 · 20241,387 · 20251,387 · 20251,387 · 20251,387 · 2025

Net international migration

INE · immigration − emigration · yearly

−200.0% interanual
-3 2021202220232024 5 · 20215 · 20211 · 20221 · 20223 · 20233 · 2023-3 · 2024-3 · 2024
Nearby

Alternatives in Córdoba

Territories of the same level ranked by gross yield, to compare before deciding.

The method

How this page is calculated

Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.

Data coverage

80/100

What this page does not show is what is not published about the municipality, not a zero.

  • official rent series (SERPAVI)
  • series sufficient to measure momentum
  • official appraised value (MIVAU)
  • estimated market level
  • our own adverts

When each figure is from

This is the latest figure published by each source for this municipality.

rent
2025
sale
2025
household income
2023
population register
2025
registered transactions
2026Q1
registered unemployment
2026M06
MIVAUAppraised housing value and registered transactions
SERPAVIOfficial reference rent index
INEPopulation register, migration and repossessions
AEATAverage gross household income
SEPE and Social SecurityRegistered unemployment and contributions
CatastroCadastral value, age and IBI rate
InmobliaOur own catalogue of adverts, each with its investment score

An indicative statistical estimate for comparing markets, not an appraisal or an investment recommendation. Gross yield does not deduct costs, IBI, insurance, voids or taxes.