Property Prices in South Korea
| Index |  |
|---|---|
| Price to Income Ratio: | 25.04 |
| Mortgage as Percentage of Income: | 190.08% |
| Loan Affordability Index: | 0.53 |
| Price to Rent Ratio - City Centre: | 87.53 |
| Price to Rent Ratio - Outside of Centre: | 94.27 |
| Gross Rental Yield (City Centre): | 1.14% |
| Gross Rental Yield (Outside of Centre): | 1.06% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 807,365.73 ₩ | |
| Apartment (1 bedroom) Outside of Centre | 508,117.75 ₩ | |
| Apartment (3 bedrooms) in City Centre | 2,159,266.85 ₩ | |
| Apartment (3 bedrooms) Outside of Centre | 1,313,173.64 ₩ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,745,612.32 ₩ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,161,294.80 ₩ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,123,533.02 ₩ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.50 |
These data are based on 736 entries from 173 contributors over the past 18 months.
Last update: April 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 | 18.9 | 1.2 | 1.0 | 83.6 | 104.5 | 140.3 | 0.7 | |
| Daejeon | 10.9 | 1.8 | 1.6 | 56.5 | 62.4 | 77.6 | 1.3 | |
| Seoul | 28.8 | 1.1 | 1.1 | 87.7 | 89.8 | 222.4 | 0.4 |
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