Incheon, South Korea
Property prices · 2026 · Asia · Price +4.1% vs 2025
Property price trend in Incheon (2024–2026)
Property comparison — cities in South Korea (2026)
Other Asia cities (2026)
Frequently asked questions
How much does property cost in Incheon in 2026?
In Incheon, the average price per sqm in the city centre is KRW 7,905,600, and KRW 5,270,400 outside the centre (2026 data). Prices have risen 9.8% since 2024.
How much is rent in Incheon in 2026?
A 1-bedroom apartment in Incheon rents for approximately KRW 1,043,100 per month in 2026. A 3-bedroom apartment costs around KRW 1,701,900/month.
Is it better to buy or rent in Incheon?
Renting is generally more cost-effective in Incheon. The price-to-rent ratio is 29.0x — it would take approximately 29.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.00%.
What are mortgage rates in South Korea in 2026?
The average mortgage rate in South Korea is approximately 4.00% as of 2026. With a price-to-rent ratio of 29.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Incheon changed?
Property prices in Incheon have changed +4.1% vs 2025. Since 2024, prices have increased by 9.8%. Use the year tabs above to compare prices across years.
What is the price per sqm in Incheon?
The average property price per square metre in Incheon city centre is KRW 7,905,600 in 2026. Outside the centre, expect to pay around KRW 5,270,400/sqm.