Seoul Housing Guide

Seoul Housing Guide

From futuristic high-rises in Gangnam to tranquil hanok stays in Bukchon, Seoul’s housing options are as diverse as its culture. Whether you’re staying for a month or a decade, this guide breaks down neighborhoods, rental systems, and insider tips to help you settle in smoothly.

Understanding Your Housing Options

Seoul offers a diverse range of housing options to suit different needs and budgets:

01

Apartments & Condominiums

High-rise apartment complexes are ubiquitous in Seoul. These units range from affordable studios to spacious multi-bedroom apartments in luxury complexes, often featuring amenities like fitness centers, rooftop gardens, and security systems.

02

Goshiwon

For those on a tighter budget, share houses and goshiwon provide a cost-effective alternative. These communal living arrangements are especially popular among students and young adults seeking to immerse themselves in local culture.

03

Traditional Hanoks

In neighborhoods like Bukchon, you can find beautifully preserved hanok houses that offer a glimpse into Korea’s architectural heritage. Though more limited in availability, hanoks provide a unique living experience steeped in tradition.

a city where sleek modern high-rises stand side-by-side with traditional palaces and hanoks

Seoul Housing Guide

Whether you’re a long-time resident or a newcomer exploring your options, our Seoul Housing Guide is designed to help you navigate the local market with ease and confidence.

₩100M

Average deposit (~$75,000) for jeonse

605 km²

 The land area of Seoul

50% to 80%

Under Jeonse system, tenants pay a large deposit—typically 50% to 80% of a property’s market value

16,500

Seoul boasts an average density of roughly 16,500 people per km²

Seoul’s rental market

Navigating the Rental Market: Jeonse vs. Wolse

One of the distinctive aspects of Seoul’s housing market is the choice between two rental systems:

Jeonse (Key Money Lease)

In this system, tenants pay a large upfront deposit—often 50-80% of the property’s market value—instead of monthly rent. At the end of the lease, the deposit is returned. This model can be advantageous if you have sufficient savings and prefer not to deal with monthly payments.

Wolse (Monthly Rent)

More common in smaller apartments and goshiwons, Wolse requires a smaller deposit with regular monthly rental payments. This option provides greater flexibility for short-term stays or if you prefer spreading costs over time.

Tips for a Smooth Housing Search

Seoul’s housing market is as vibrant and diverse as the city itself. With the right research and a bit of patience, you can find a home that perfectly matches your lifestyle. Use this guide as your starting point, and enjoy the journey of discovering your ideal living space in one of Asia’s most exciting cities.

Use Local Apps

Platforms like Zigbang, Dabang, and Peterpanz are invaluable for browsing listings, comparing prices, and finding up-to-date information on available properties.

Local Contracts

Rental agreements in Seoul may include unique terms—especially with Jeonse contracts. Consider consulting with a local real estate agent or legal advisor to understand your rights and obligations.

Be Prepared

The rental market can move quickly. Having your financial documents and references ready can help you secure a property faster.

Visit in Person

While online listings are helpful, visiting properties allows you to assess the neighborhood, the building’s condition, and the commute to your workplace or school

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