Property Prices in Incheon, South Korea

Index
Price to Income Ratio:	13.17
Mortgage as Percentage of Income:	99.95%
Loan Affordability Index:	1.0
Price to Rent Ratio - City Centre:	55.26
Price to Rent Ratio - Outside of Centre:	66.18
Gross Rental Yield (City Centre):	1.81%
Gross Rental Yield (Outside of Centre):	1.51%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	683,333.33 ₩	500,000.0-1,000,000.0
Apartment (1 bedroom) Outside of Centre	466,666.67 ₩	350,000.0-650,000.0
Apartment (3 bedrooms) in City Centre	2,266,666.67 ₩	1,300,000.0-3,000,000.0
Apartment (3 bedrooms) Outside of Centre	1,466,666.67 ₩	900,000.0-2,000,000.0
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,055,706.52 ₩	506,735.41-1,393,534.0
Price per Square Feet to Buy Apartment Outside of Centre	836,120.4 ₩	650,315.87-929,022.67
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	3,866,666.67 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.5

These data are based on 28 entries in the past 18 months from 5 different contributors.
Last update: November 2024

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	45,600.0
GDP Growth Rate:	2.61%
Population Growth Rate:	0.23%