South Korea · Asia · Population: 2,400,000
Daegu is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $250,000 average home price in South Korea, buyers should consider the 7.8x price-to-income ratio when planning a purchase.
| Average Home Price | $250,000 |
| Price per sqm | $4,500 |
| Price-to-Income Ratio | 7.8x |
| Mortgage Rate | 3.8% |
| 1-Year Price Change | +1.2% |
| 1-Bedroom Apartment | $450/mo |
| 3-Bedroom Apartment | $800/mo |
| Rent-to-Income Ratio | 14% |
| Median Household Income | $32,000/year |
| Years to Buy (at median income) | 7.8 years |
| Local Currency | KRW |
With a price-to-income ratio of 7.8x, Daegu offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 1.2% in the past year.
Cities worldwide with home prices closest to Daegu
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.
Explore the DataPeek Network