Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 28.06
Mortgage as Percentage of Income: 203.98%
Loan Affordability Index: 0.49
Price to Rent Ratio - City Centre: 111.73
Price to Rent Ratio - Outside of Centre: 94.99
Gross Rental Yield (City Centre): 0.90%
Gross Rental Yield (Outside of Centre): 1.05%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 1,244,090.91 ₩ 1,000,000.00-1,601,238.07
1 Bedroom Apartment Outside of City Centre 801,380.95 ₩ 500,000.00-1,200,000.00
3 Bedroom Apartment in City Centre 2,973,523.81 ₩ 2,200,000.00-5,000,000.00
3 Bedroom Apartment Outside of City Centre 1,583,500.00 ₩ 1,200,000.00-2,800,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 3,233,170.93 ₩ 1,858,045.34-4,830,917.87
Price per Square Feet to Buy Apartment Outside of Centre 1,610,858.95 ₩ 929,022.67-2,709,649.39
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,645,567.54 ₩
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.00 3.50-4.50

These data are based on 308 entries from 66 contributors over the past 18 months.
Last update: 9 February 2026

Sources and References
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9 Comments so far
Nancy on Jan 17, 2025:
My dream i live in South Korea and i do the job
Anonymous on Oct 30, 2024:
i'm Japanese and i like south korea and nothing know about it.
chloe on Jul 16, 2024:
hello im chloe im a highschooler i would like to plan my future to ensure i make something of my self when i'm older its always been a dream of mine to live in seoul and work as a mechanical engineering but i don't know if i can really do it with in the next 6 years as it can cost alot to live in korea
Artur I Smirnoff on Jul 14, 2024:
Hello,
Greetings, how are you doing today? I’m an investor. I want to invest in your country on real estate I wish to have an in depth discussion with you
Thanks

Artur I Smirnoff
Liam on Jun 22, 2023:
Hi my name is Liam and I’m learning the basics of Korean first and then wishing to save up and travel to Seoul and hopefully get a house there. Would that be enough to stay in the country?
kim jae hun on Mar 14, 2022:
The average price of apartments amounted to around $1M.
The average space per apartment in South Korea was about 100 square meters. (31.8 py)
JWK on May 24, 2021:
@Kushal Modi

You're never gonna be able to afford a 4 bedroom villa with 50k USD.
In seoul, a 4 bedroom villa costs at the very least 800K USD these days.
Kushal Modi on May 01, 2021:
What is the Price Range for buying a 4 Bedroom villa in South Korea. Can I manage it in 50000 Dollars
Surekha Balaji on Oct 30, 2020:
Hello. How can I apply for job in Korea. I am a Commerce Graduate, MBA Operational Management (Post Graduation) persuining. I have a working experience of 7yrs 8months. I live in India. Citizen of India.

Also let me know how can I buy/invest in property in Korea.

Thank You,
Surekha