Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 28.84
Mortgage as Percentage of Income: 194.52%
Loan Affordability Index: 0.51
Price to Rent Ratio - City Centre: 80.94
Price to Rent Ratio - Outside of Centre: 66.92
Gross Rental Yield (City Centre): 1.24%
Gross Rental Yield (Outside of Centre): 1.49%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,059,507.21 ₩ 600,000.00-1,800,000.00
Apartment (1 bedroom) Outside of Centre 730,769.23 ₩ 400,000.00-1,200,000.00
Apartment (3 bedrooms) in City Centre 2,788,830.21 ₩ 2,000,000.00-4,466,200.00
Apartment (3 bedrooms) Outside of Centre 1,485,216.58 ₩ 1,200,000.00-2,300,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 2,099,877.66 ₩ 1,393,534.00-2,787,068.00
Price per Square Feet to Buy Apartment Outside of Centre 1,048,877.74 ₩ 771,088.81-1,393,534.00
Salaries And Financing
Average Monthly Net Salary (After Tax) 2,938,236.76 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.15 2.50-4.00

These data are based on 379 entries in the past 18 months from 81 different contributors.
Last update: June 2021

Sources and References
Sign up for our newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

12 Comments so far
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,
jiminvity on May 26, 2020:
Hey I am a girl who looking to move to Korea after she graduate high school and i really need to find a good home
Sejal Soni on Jan 08, 2019:
I want to move korea, seoul which area is good for living?
Michael Kennedy on Jun 28, 2018:
Where can i apply for a job in Korea if i want to move to South Korea? I have experiences as Assistant Sales Manager, Restaurant, Business Tutor and Messenger. I speak English, Indonesian, and Chinese Dialect. I am a college graduate with Business Major and International Business Management.
Btw, I am currently live in USA & US citizen.
I am looking for Office Job if possible. Thank you.
Fromseoul on Feb 06, 2018:
Aprtment 99squeare meters -> 600.000usd~

You can buy small villa which usually people dont want to buy is around 150.000~ but hard to sell when u want to move.

Im living in seoul for 35yrs now.
And having
1.400.000usd building(120squre meters) + 400.000(50squre meters) little apartment.

In gangnam you can buy apartment like 100.000usd~ ( maybe a bit more expensive?)
Anonymous on Oct 16, 2017:
I want to come to South Korea, please guys help me out with cheap house in South Korea
Anonymous on Sep 05, 2017:
That Chosun article uses 3.3m2 measurement units (Korean system).
VW on Aug 27, 2017:
Sorry about that comment below. The data is converted into 3.3 Square meter.
VW on Aug 27, 2017:
AVERAGE Price per Square Meter to Buy Apartment in Seoul exceed 20,000,000 KRW.
Gangnam is over 37.000,000 KRW. Do not ever believe that index above.
Jongsun on Jun 06, 2017: