Property Prices in Incheon, South Korea

Index Info
Price to Income Ratio: 12.06
Mortgage as Percentage of Income: 88.43%
Loan Affordability Index: 1.13
Price to Rent Ratio - City Centre: 42.52
Price to Rent Ratio - Outside of Centre: 60.82
Gross Rental Yield (City Centre): 2.35%
Gross Rental Yield (Outside of Centre): 1.64%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 927,723.69 ₩ 550,000.00-1,160,894.78
Apartment (1 bedroom) Outside of Centre 524,075.86 ₩ 400,000.00-650,000.00
Apartment (3 bedrooms) in City Centre 1,859,727.57 ₩ 1,300,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,087,500.00 ₩ 750,000.00-2,000,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 840,549.19 ₩ 506,735.41-1,393,534.00
Price per Square Feet to Buy Apartment Outside of Centre 690,531.33 ₩ 253,764.13-929,022.67
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,417,606.85 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.10 3.70-4.50

These data are based on 41 entries from 6 contributors over the past 18 months.
Last update: 7 June 2025

Sources and References
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

0 Comments so far