Gross rental yields in South Korea: Seoul
The average gross rental yield in South Korea stands at 4.31% (Q4, 2024). Previously, in Q3 2024, the rental yield was 4.29%.
Cities compared
- Seoul
Historical rental yields in South Korea
View the full rental yield dataset (2024 - Present)
| Last Updated: Apr 03, 2025 Next Update: October 2025 |
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| SEOUL - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Seoul (all locations) | |||
| 1-Bedroom | $645,700 | $3,535 | 6.57% |
| 2-Bedroom | $1,175,890 | $3,780 | 3.86% |
| 3-Bedroom | $1,734,600 | $6,000 | 4.15% |
| 4+Bedroom | $3,507,500 | $7,745 | 2.65% |
| Seoul avg. Rental Yields | 4.31% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Ssre.co.kr |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in South Korea, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.