Property Prices in South Korea

Index Info
Price to Income Ratio: 24.82
Mortgage as Percentage of Income: 187.50%
Loan Affordability Index: 0.53
Price to Rent Ratio - City Centre: 84.96
Price to Rent Ratio - Outside of Centre: 90.64
Gross Rental Yield (City Centre): 1.18%
Gross Rental Yield (Outside of Centre): 1.10%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 835,283.83 ₩ 500,000.00-1,800,000.00
Apartment (1 bedroom) Outside of Centre 534,943.34 ₩ 300,000.00-1,000,000.00
Apartment (3 bedrooms) in City Centre 2,247,088.84 ₩ 1,000,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,368,128.80 ₩ 700,000.00-2,800,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,758,640.34 ₩ 650,315.87-3,669,639.54
Price per Square Feet to Buy Apartment Outside of Centre 1,168,899.64 ₩ 464,511.33-1,904,496.47
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,174,533.53 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.44 3.41-6.00

These data are based on 770 entries from 183 contributors over the past 18 months.
Last update: May 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 17.9 1.3 1.0 79.6 97.8 132.8 0.8
Daejeon 10.9 1.7 1.6 58.1 62.1 77.6 1.3
Seoul 27.7 1.2 1.2 84.2 85.8 212.6 0.5
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