As of the first quarter of 2024, Seoul's housing affordability index was the highest among all cities and provinces in South Korea at 151. It was followed by Sejong and Gyeonggi at around 100 and 82, respectively.
Housing affordability index in South Korea in the 1st quarter 2024, by province
The housing affordability index measures the share of income necessary for median-income families to repay a standard mortgage on a median-priced home.
An index of 90.1 indicates approximately 25 percent of household income going toward the repayment of principal and interest of a mortgage loan for a home purchase. The lower the index value, the more affordable a home is for a median-income household.Â
The source did not provide a date of publication.Â
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Korea Housing Finance Corp. (July 4, 2024). Housing affordability index in South Korea in the 1st quarter 2024, by province [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1211967/south-korea-housing-affordability-index-by-province/
Korea Housing Finance Corp. "Housing affordability index in South Korea in the 1st quarter 2024, by province." Chart. July 4, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1211967/south-korea-housing-affordability-index-by-province/
Korea Housing Finance Corp. (2024). Housing affordability index in South Korea in the 1st quarter 2024, by province. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1211967/south-korea-housing-affordability-index-by-province/
Korea Housing Finance Corp. "Housing Affordability Index in South Korea in The 1st Quarter 2024, by Province." Statista, Statista Inc., 4 Jul 2024, https://www.statista.com/statistics/1211967/south-korea-housing-affordability-index-by-province/
Korea Housing Finance Corp, Housing affordability index in South Korea in the 1st quarter 2024, by province Statista, https://www.statista.com/statistics/1211967/south-korea-housing-affordability-index-by-province/ (last visited December 22, 2024)
Housing affordability index in South Korea in the 1st quarter 2024, by province [Graph], Korea Housing Finance Corp, July 4, 2024. [Online]. Available: https://www.statista.com/statistics/1211967/south-korea-housing-affordability-index-by-province/
