Property Prices in Incheon, South Korea

Index Info
Price to Income Ratio: 17.26
Mortgage as Percentage of Income: 120.64%
Loan Affordability Index: 0.83
Price to Rent Ratio - City Centre: 67.46
Price to Rent Ratio - Outside of Centre: 80.82
Gross Rental Yield (City Centre): 1.48%
Gross Rental Yield (Outside of Centre): 1.24%
Rent Per Month
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Apartment (1 bedroom) in City Centre 525,000.00 ₩ 500,000.00-550,000.00
Apartment (1 bedroom) Outside of Centre 375,000.00 ₩ 350,000.00-400,000.00
Apartment (3 bedrooms) in City Centre 1,933,333.33 ₩ 1,300,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,216,666.67 ₩ 750,000.00-2,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,055,706.52 ₩ 506,735.41-1,393,534.00
Price per Square Feet to Buy Apartment Outside of Centre 836,120.40 ₩ 650,315.87-929,022.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,950,000.00 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.55 2.60-4.50

These data are based on 28 entries in the past 18 months from 6 different contributors.
Last update: March 2024

Sources and References
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