Housing affordability index South Korea Q3 2023, by province

Published by
H. Yoo,
Jan 10, 2024
As of the third quarter of 2023, Seoul's housing affordability index was the highest among all cities and provinces in South Korea at 161.4. It was followed by Sejong and Gyeonggi with 107.8 and 87.2, respectively.

Housing affordability index in South Korea in the 3rd quarter of 2023, by province

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Source

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Release date

January 2024

Region

South Korea

Survey time period

Q3 2023

Supplementary notes

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.
The source did not provide a date of publication. The release date used here is the access date.

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