Property Prices in Suwon, South Korea

Index Info
Price to Income Ratio: 18.30
Mortgage as Percentage of Income: 160.51%
Loan Affordability Index: 0.62
Price to Rent Ratio - City Centre: 143.39
Price to Rent Ratio - Outside of Centre: 100.57
Gross Rental Yield (City Centre): 0.70%
Gross Rental Yield (Outside of Centre): 0.99%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 550,000.00 ₩ 500,000.00-600,000.00
Apartment (1 bedroom) Outside of Centre 400,000.00 ₩ 300,000.00-500,000.00
Apartment (3 bedrooms) in City Centre 1,066,666.67 ₩ 700,000.00-1,500,000.00
Apartment (3 bedrooms) Outside of Centre 850,000.00 ₩ 500,000.00-1,200,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,654,279.70 ₩ 1,021,924.93-2,547,380.16
Price per Square Feet to Buy Apartment Outside of Centre 881,642.51 ₩ 464,511.33-1,344,295.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,729,166.67 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.25 5.50-7.00

These data are based on 24 entries in the past 18 months from 5 different contributors.
Last update: November 2024

Sources and References
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