Property Prices in Incheon, South Korea

Index
Price to Income Ratio:	11.89
Mortgage as Percentage of Income:	87.21%
Loan Affordability Index:	1.15
Price to Rent Ratio - City Centre:	42.19
Price to Rent Ratio - Outside of Centre:	60.63
Gross Rental Yield (City Centre):	2.37%
Gross Rental Yield (Outside of Centre):	1.65%

Your contribution can make a real impact on our data quality.

Do you live in Incheon? Add data for Incheon

Also, consider looking into aggregate data for Average in South Korea

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	949,077.57 ₩	550,000.00-1,246,310.26
Apartment (1 bedroom) Outside of Centre	534,124.74 ₩	400,000.00-650,000.00
Apartment (3 bedrooms) in City Centre	1,889,874.21 ₩	1,300,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre	1,087,500.00 ₩	750,000.00-2,000,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	850,351.61 ₩	506,735.41-1,393,534.00
Price per Square Feet to Buy Apartment Outside of Centre	695,199.15 ₩	272,435.41-929,022.67
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	3,497,997.89 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.10	3.70-4.50

These data are based on 41 entries in the past 18 months from 6 different contributors.
Last update: February 2025

Sources and References

Nearby cities:

This page in other languages:

country data (source The World Bank, 2024)
GDP Per Capita ($) :	45,600.00
GDP Growth Rate:	2.61%
Population Growth Rate:	0.23%