South Korea

Price/Rent Ratio in South Korea compared to Asia

This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.

  • Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
  • Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
  • Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.

Change Continent

Last updated May, 2025
Taiwan
47 yrs
China
38 yrs
Hong Kong
28 yrs
Vietnam
26 yrs
South Korea
23 yrs
Japan
23 yrs
Singapore
23 yrs
India
20 yrs
Malaysia
19 yrs
Philippines
19 yrs
Indonesia
18 yrs
Thailand
16 yrs
Georgia
13 yrs
Kazakhstan
10 yrs

South Korea real estate data, including prices, rents, and sizes in square meters, has been compiled and analyzed from the following sources:

  • Korea Real Estate Board (REB)
  • KBStar
  • Smile Seoul Real Estate

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Asia: More Comparisons

Square Meter Prices
Rental Yields (City)
GDP Per Capita
Buying Prices
Price/Rent Ratios
GDP/Cap Growth
Rental Prices
Rental Income Tax
Price Changes