Property Prices in South Korea

Index
Price to Income Ratio:	25.32
Mortgage as Percentage of Income:	173.32%
Loan Affordability Index:	0.58
Price to Rent Ratio - City Centre:	102.93
Price to Rent Ratio - Outside of Centre:	83.76
Gross Rental Yield (City Centre):	0.97%
Gross Rental Yield (Outside of Centre):	1.19%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	668,503.56 ₩	400,000.00-1,400,000.00
Apartment (1 bedroom) Outside of Centre	467,464.49 ₩	300,000.00-915,392.28
Apartment (3 bedrooms) in City Centre	1,745,494.86 ₩	850,000.00-4,000,000.00
Apartment (3 bedrooms) Outside of Centre	1,058,474.58 ₩	600,000.00-2,000,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,677,526.80 ₩	650,315.87-2,601,263.47
Price per Square Feet to Buy Apartment Outside of Centre	885,778.68 ₩	325,157.93-1,393,534.00
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	2,724,807.86 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.32	2.50-4.10

These data are based on 808 entries in the past 18 months from 126 different contributors.
Last update: June 2021
Our data for each country are based on all entries from all cities in that country.

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