Property Prices in South Korea

Index
Price to Income Ratio:	26.60
Mortgage as Percentage of Income:	184.06%
Loan Affordability Index:	0.54
Price to Rent Ratio - City Centre:	123.50
Price to Rent Ratio - Outside of Centre:	101.03
Gross Rental Yield (City Centre):	0.81%
Gross Rental Yield (Outside of Centre):	0.99%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	628,994.61 ₩	400,000.00-1,500,000.00
Apartment (1 bedroom) Outside of Centre	431,228.64 ₩	300,000.00-999,445.17
Apartment (3 bedrooms) in City Centre	1,486,376.35 ₩	750,000.00-3,500,000.00
Apartment (3 bedrooms) Outside of Centre	1,018,085.11 ₩	600,000.00-2,500,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,796,174.61 ₩	538,833.15-3,316,610.93
Price per Square Feet to Buy Apartment Outside of Centre	1,006,899.82 ₩	297,287.25-1,858,045.34
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	2,836,192.26 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.44	2.52-4.00

These data are based on 686 entries in the past 18 months from 104 different contributors.
Last update: June 2022
Our data for each country are based on all entries from all cities in that country.

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