Gross rental yields in South Korea: Seoul

The average gross rental yield in South Korea stands at 4.29% (Q4, 2024).

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  • Seoul
Historical rental yields in South Korea

View the full rental yield dataset (2024 - Present)


  Last Updated: Oct 18, 2024
Next Update: March 2025
SEOUL - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Seoul (all locations)  
1-Bedroom $642,500 $3,500 6.54%
2-Bedroom $1,170,000 $3,735 3.83%
3-Bedroom $1,727,000 $6,000 4.17%
4+Bedroom $3,500,000 $7,680 2.63%
Seoul avg. Rental Yields 4.29%
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

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. 

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