Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 27.02
Mortgage as Percentage of Income: 212.08%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 86.52
Price to Rent Ratio - Outside of Centre: 86.38
Gross Rental Yield (City Centre): 1.16%
Gross Rental Yield (Outside of Centre): 1.16%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,186,021.85 ₩ 800,000.00-2,000,000.00
Apartment (1 bedroom) Outside of Centre 684,070.59 ₩ 500,000.00-1,148,310.82
Apartment (3 bedrooms) in City Centre 3,567,046.62 ₩ 2,000,000.00-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,952,631.58 ₩ 1,400,000.00-3,157,854.75
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,707,951.15 ₩ 1,858,045.34-3,716,090.67
Price per Square Feet to Buy Apartment Outside of Centre 1,513,386.35 ₩ 929,022.67-1,950,947.60
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,204,922.86 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.90 4.00-6.00

These data are based on 318 entries in the past 18 months from 59 different contributors.
Last update: February 2025

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