Property Prices in South Korea
| Index |  |
|---|---|
| Price to Income Ratio: | 22.28 |
| Mortgage as Percentage of Income: | 170.79% |
| Loan Affordability Index: | 0.59 |
| Price to Rent Ratio - City Centre: | 83.06 |
| Price to Rent Ratio - Outside of Centre: | 89.17 |
| Gross Rental Yield (City Centre): | 1.20% |
| Gross Rental Yield (Outside of Centre): | 1.12% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 784,175.91 ₩ | |
| Apartment (1 bedroom) Outside of Centre | 488,593.30 ₩ | |
| Apartment (3 bedrooms) in City Centre | 2,076,047.24 ₩ | |
| Apartment (3 bedrooms) Outside of Centre | 1,294,140.92 ₩ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,599,989.81 ₩ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,070,423.73 ₩ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,224,961.86 ₩ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.61 |
These data are based on 739 entries in the past 18 months from 163 different contributors.
Last update: January 2025
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in South Korea
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Busan | 17.0 | 1.4 | 1.0 | 71.9 | 104.6 | 125.8 | 0.8 | |
| Daejeon | 10.9 | 1.8 | 1.6 | 56.5 | 62.4 | 77.6 | 1.3 | |
| Seoul | 26.5 | 1.2 | 1.2 | 81.5 | 83.0 | 208.4 | 0.5 |
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