Can You Afford to Buy in Seoul?
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
$580,000
Home Price
$116,000
Down Payment (20%)
$2,162.042/mo
Mortgage Payment
$92,659/yr
Required Salary
💡 Why it matters: Seoul
To afford a home in Seoul at 3.8% mortgage rate, you need a salary of at least $92,659/year. The local median income is $38,000/year — meaning most residents would struggle to buy at current prices. Alternatively, renting at $1,000/mo may be more practical.
Mortgage Breakdown (30yr fixed)
| Home Price | $580,000 |
| Down Payment (20%) | $116,000 |
| Loan Amount | $464,000 |
| Interest Rate | 3.8% |
| Monthly Payment | $2,162.042/mo |
| Required Annual Salary (28% rule) | $92,659 |
| Local Median Income | $38,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
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