Property Prices in South Korea
| Index |  |
|---|---|
| Price to Income Ratio: | 24.11 |
| Mortgage as Percentage of Income: | 183.22% |
| Loan Affordability Index: | 0.55 |
| Price to Rent Ratio - City Centre: | 84.38 |
| Price to Rent Ratio - Outside of Centre: | 92.36 |
| Gross Rental Yield (City Centre): | 1.19% |
| Gross Rental Yield (Outside of Centre): | 1.08% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 798,534.39 ₩ | |
| Apartment (1 bedroom) Outside of Centre | 502,240.14 ₩ | |
| Apartment (3 bedrooms) in City Centre | 2,163,350.13 ₩ | |
| Apartment (3 bedrooms) Outside of Centre | 1,304,063.65 ₩ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,676,231.96 ₩ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,127,482.38 ₩ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,129,936.18 ₩ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.51 |
These data are based on 761 entries in the past 18 months from 189 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in South Korea
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Busan | 18.4 | 1.3 | 0.9 | 78.8 | 106.8 | 136.3 | 0.7 | |
| Daejeon | 10.9 | 1.8 | 1.6 | 56.5 | 62.4 | 77.6 | 1.3 | |
| Seoul | 27.9 | 1.2 | 1.1 | 85.0 | 87.8 | 215.1 | 0.5 |
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