Property Prices in South Korea
| Index |  |
|---|---|
| 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 ₩ | |
| Apartment (1 bedroom) Outside of Centre | 534,943.34 ₩ | |
| Apartment (3 bedrooms) in City Centre | 2,247,088.84 ₩ | |
| Apartment (3 bedrooms) Outside of Centre | 1,368,128.80 ₩ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,758,640.34 ₩ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,168,899.64 ₩ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,174,533.53 ₩ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.44 |
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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