Property Prices in Incheon, South Korea

Index Info
Price to Income Ratio: 11.88
Mortgage as Percentage of Income: 87.12%
Loan Affordability Index: 1.15
Price to Rent Ratio - City Centre: 49.80
Price to Rent Ratio - Outside of Centre: 67.31
Gross Rental Yield (City Centre): 2.01%
Gross Rental Yield (Outside of Centre): 1.49%
Rent Per Month
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1 Bedroom Apartment in City Centre 721,638.01 ₩ 500,000.00-1,000,000.00
1 Bedroom Apartment Outside of City Centre 459,704.00 ₩ 350,000.00-650,000.00
3 Bedroom Apartment in City Centre 1,784,760.00 ₩ 1,300,000.00-2,500,000.00
3 Bedroom Apartment Outside of City Centre 1,028,000.00 ₩ 750,000.00-1,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 851,088.35 ₩ 506,735.41-1,393,534.00
Price per Square Feet to Buy Apartment Outside of Centre 695,549.98 ₩ 273,838.72-929,022.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,504,040.00 ₩
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.10 3.70-4.50

These data are based on 50 entries from 8 contributors over the past 18 months.
Last update: 3 December 2025

Sources and References
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