Vallila - Hermanni

00550 · Helsinki · Uusimaa

00550 Vallila - Hermanni

In brief

Vallila - Hermanni (00550) has 8,808 residents, 1% of the population of Helsinki. Young adults stand out: 39% of residents are aged 16 to 34 (Helsinki: 28%). 63% of households are people living alone and 12% are families with children.

Almost all homes are in blocks of flats (100%). Homes are smaller on average than in Helsinki (45.9 m² against 62.6 m²). 65% of households rent their home, more than in Helsinki (54%). An old one-bedroom flat sells for €4,875 per m² on average, about the same as in Helsinki. The price per m² has fallen by 14% since 2020. The price equals 18.8 years of rent at €21.63 per m² a month in new leases.

The median disposable monetary income of residents is €27,455 a year, about €2,288 a month: 6% lower than in Helsinki and 4% higher than in Finland as a whole. 12% of the labour force is unemployed, about the same as in Helsinki (12%). The area has 2,270 jobs; the largest industry is education (26%). Its share is clearly higher than in Helsinki (6%).

The number of residents has fallen by 2% since 2014, while it has grown in Helsinki.

Rank among the city's areas

Students
11%
5th highest of 83 areas in Helsinki
Helsinki 9%
Average home size
45.9 m²
5th smallest of 83 areas in Helsinki
Helsinki 62.6 m²
Living alone
63%
6th highest of 83 areas in Helsinki
Helsinki 51%
Aged 16 to 34
39%
7th highest of 83 areas in Helsinki
Helsinki 28%

Key figures

Residents and households 2024, prices and rents latest quarters

Price per m², 1 bedroom: €4,875; -14.2% since 2020; Helsinki€4,809
Rent per m², 1 bedroom: €21.63; Figure for Helsinki 2; Helsinki€21.08
Residents: 8,808; -2.2% since 2014; Mean age39.0
Disposable monetary income, median: €27,455; +39.0% since 2014; a year, about €2,288 a month; Helsinki€29,159; Finland€26,351
Households renting: 65%; of 5,734 households; Helsinki54%; Finland38%
University or college degree: 50%; of residents aged 18 or over; Helsinki48%; Finland36%

Housing costs

An old one-bedroom flat sells for €4,875 per m² on average, about the same as in Helsinki. The price per m² has fallen by 14% since 2020.

Price per m²

€4,875

Postal code area 00550
Sales of old flats in blocks of flats, 2026 Q1, 17 sales

Rent per m² a month

€21.63

Figure for Helsinki 2
New leases, non-subsidised flats, 2026 Q3

Helsinki: €21.08

Middle half of sales, € per m²

Vallila - Hermanni€4,875Helsinki €4,809

€4,488 – €6,131Figure for Helsinki 2, 2026 Q2

Price-to-rent ratio: 18.8 years; Helsinki: 19.0
Gross rental yield: 5.3%; Helsinki: 5.3%
Middle half of rents, € a month: 898–€1,149; Figure for Helsinki 2, 2026 Q3
Maintenance charge: €5.90; Average per m² a month, Greater Helsinki, 2025
Change a year: 10 yrs5 yrsPrice+0.7%-3.3%Rent+0.6%+0.1%; Average of the price index (Helsinki 2) and rent index (Helsinki)

Source: Statistics Finland

Price per m² by flat sizeStudio1 bedroom2+ bedrooms

Yearly average price of old flats in blocks of flats in this postal code area. Gaps are years with too few sales to publish. Source: Statistics Finland.

Rent, right of occupancy or buy?Enter a flat in this area and see which option comes out ahead, year by year.Compare here

Compared with the other areas

In none of these 9 figures is the area among the three highest or lowest postal code areas of Helsinki.

Price per m², 1 bedroom24/68
€1,798Siltamäki
Helsinki €4,809Vallila - Hermanni €4,875
€7,966Kalasatama - Sompasaari
€1,798Siltamäki€7,966Kalasatama - Sompasaari
Median disposable income65/83
€23,045Kontula - Vesala - Kivikko
Helsinki €29,159Vallila - Hermanni €27,455
€42,006Tammisalo
€23,045Kontula - Vesala - Kivikko€42,006Tammisalo
Households renting17/83
7%Paloheinä
Helsinki 54%Vallila - Hermanni 65%
87%Keski-Herttoniemi - Roihupelto
7%Paloheinä87%Keski-Herttoniemi - Roihupelto
Aged 16 to 347/83
11%Tammisalo
Helsinki 28%Vallila - Hermanni 39%
49%Sörnäinen - Harju
11%Tammisalo49%Sörnäinen - Harju
Aged 65 or over76/83
2%Santahamina
Helsinki 18%Vallila - Hermanni 12%
26%Tapaninvainio
2%Santahamina26%Tapaninvainio
Families with children78/83
4%Sörnäinen - Harju
Helsinki 19%Vallila - Hermanni 12%
38%Torpparinmäki
4%Sörnäinen - Harju38%Torpparinmäki
University or college degree47/83
21%Jakomäki - Alppikylä
Helsinki 48%Vallila - Hermanni 50%
69%Tammisalo
21%Jakomäki - Alppikylä69%Tammisalo
Unemployment32/83
4%Santahamina
Helsinki 12%Vallila - Hermanni 12%
23%Kontula - Vesala - Kivikko
4%Santahamina23%Kontula - Vesala - Kivikko
Average home size79/83
39.4 m²Sörnäinen - Harju
Helsinki 62.6 m²Vallila - Hermanni 45.9 m²
161.2 m²Östersundom
39.4 m²Sörnäinen - Harju161.2 m²Östersundom

Residents

Age

Young adults stand out: 39% of residents are aged 16 to 34 (Helsinki: 28%).

Vallila - HermanniHelsinki

Source: Statistics Finland, Paavo, statistics year 2024 · Share of residents in each age group.

Main activity

Employed people make up 56% of residents, more than in Helsinki (48%).

Vallila - Hermanni56%11%13%
Helsinki48%19%14%
Finland43%26%15%

Employed56%
Unemployed7%
Students11%
Pensioners13%
Children aged 0–149%
Other3%

Source: Statistics Finland, Paavo, statistics year 2024 · Share of all residents. Unemployment is counted for ages 16 to 64.

Mean age: 39.0; Helsinki: 41.0
Unemployed, share of the labour force: 12%; Helsinki: 12%
Household size: 1.5; Helsinki: 1.8
Floor area per person: 30.3 m²; Helsinki: 34.3 m²

Households and homes

Tenure

65% of households rent their home, more than in Helsinki (54%).

Vallila - Hermanni35%65%
Helsinki45%54%
Finland61%38%

Owner-occupied35%
Rented65%
Other or unknown0%

Source: Statistics Finland, Paavo, statistics year 2024 · Share of households.

Dwellings

Almost all homes are in blocks of flats (100%). Homes are smaller on average than in Helsinki (45.9 m² against 62.6 m²).

Vallila - Hermanni100%
Helsinki87%12%
Finland48%50%

Blocks of flats100%
Detached, semi-detached and terraced houses0%
Other buildings0%

Source: Statistics Finland, Paavo, statistics year 2024 · Share of dwellings by building type.

Household types

63% of households are people living alone and 12% are families with children.

Vallila - HermanniHelsinki

Living alone63%, Helsinki 51%
Living alone, under 3526%, Helsinki 17%
Couple under 35, no children8%, Helsinki 6%
With children12%, Helsinki 19%
With a child under 33%, Helsinki 5%
Single parent4%, Helsinki 5%
All members aged 18–6473%, Helsinki 57%
At least one member 65 or over16%, Helsinki 25%

Source: Statistics Finland, Paavo, statistics year 2024 · Share of households. A household can belong to several types.

Average dwelling size: 45.9 m²; Helsinki: 62.6 m²
Dwellings: 6,460
Summer cottages: 6

Education and income

Highest qualification

50% of adults have a university or college degree, about the same as in Helsinki (48%).

Vallila - Hermanni16%14%20%25%25%
Helsinki21%11%20%23%25%
Finland22%36%22%13%

Basic education or unknown16%
Matriculation examination14%
Vocational qualification20%
Bachelor's or lowest tertiary25%
Master's or higher25%

Source: Statistics Finland, Paavo, statistics year 2024 · Share of residents aged 18 or over.

Income groups

22% of adults are in the lowest-earning fifth of Finland and 23% in the highest, close to 20% each.

Vallila - Hermanni22%55%23%
Helsinki20%52%29%
Finland20%60%20%

Lowest 20% in Finland22%
Middle 60%55%
Highest 20%23%

Source: Statistics Finland, Paavo, statistics year 2024 · Share of residents aged 18 or over in the national income tenths. In Finland as a whole the groups hold 20%, 60% and 20%.

Inhabitants' disposable monetary income, median: €27,455; a year, about €2,288 a month; Helsinki: €29,159
Households' disposable monetary income, median: €32,458; a year, about €2,705 a month; Helsinki: €39,597
University or college degree: 50%; Helsinki: 48%

Jobs

The area has 2,270 jobs; the largest industry is education (26%). Its share is clearly higher than in Helsinki (6%).

Largest industries

Vallila - HermanniHelsinki

Education26%, Helsinki 6%
Health and social work16%, Helsinki 15%
Transport and storage12%, Helsinki 4%
Other services10%, Helsinki 4%
Wholesale and retail trade8%, Helsinki 9%
Arts, entertainment and recreation7%, Helsinki 3%

Source: Statistics Finland, Paavo, statistics year 2024 · Share of jobs with a known industry.

Jobs located here: 2,270
Jobs per resident: 0.26; People working in the area divided by people living there; Helsinki: 0.63

Sectors

Vallila - Hermanni96%
Helsinki90%
Finland20%77%

Primary production0%
Industry and construction4%
Services96%

Source: Statistics Finland, Paavo, statistics year 2024

Change since 2010

The number of residents has fallen by 2% since 2014, while it has grown in Helsinki. Median income has risen by 39% since 2014, faster than in Helsinki (31%).

Residents

Permanent residents at the end of each year. Source: Statistics Finland, Paavo.

Disposable monetary income, medianVallila - HermanniHelsinkiFinland

Income after taxes and compulsory payments, transfers received included. Euros of each year, not adjusted for inflation. Source: Statistics Finland, Paavo.

Neighbouring areas

Definitions and sources

Residents: People whose permanent home was in the area on 31 December, placed by the coordinates of their building. About 1% of residents have no coordinates and appear only in city figures.
Income: Disposable money income of residents aged 18 or over: earnings, entrepreneurial and property income and received transfers, minus taxes and other paid transfers. In euros of the year.
Households: People living permanently in the same dwelling. Household types overlap.
Prices: Average debt-free prices per m² of old flats in housing companies. A postal code area with too few sales gets the figure of its price area or city.
Rents: Average rents per m² of non-subsidised flats in new leases, by rent area.
Small areas: Statistics Finland withholds details of areas with fewer than 30 residents, households or adults, with fewer than 10 dwellings or only one building, or with fewer than 10 jobs.

Source: Statistics Finland: postal code area statistics (Paavo) 2024, prices of old dwellings, rents of dwellings (CC BY 4.0).