What is the average property price in Daejeon?

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A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Daejeon. If you'd like to learn more about us, you can check our presentation page.

What's the average sale price today in Daejeon for apartments, villas, single-family homes and officetels?

As of September 2025, apartment prices in Daejeon average ₩686 million for a standard 84㎡ unit.

Villas and row houses typically range from ₩300 to ₩700 million, making them an attractive option for families seeking more space at lower costs than single-family homes. These properties offer good value in Daejeon's current market conditions.

Single-family detached homes command premium prices starting from ₩800 million and often exceed ₩1 billion for luxury properties. The detached home market in Daejeon caters primarily to high-income buyers seeking maximum privacy and space.

Officetels, which are popular mixed-use units combining residential and office functions, typically cost between ₩300 to ₩500 million. These properties attract young professionals and investors due to their flexibility and relatively affordable entry point into Daejeon's property market.

The price variations reflect different target markets, with officetels serving as entry-level investments and detached homes representing the luxury segment.

How much do average prices differ across neighborhoods or districts within Daejeon?

Daejeon's property prices vary significantly by district, with premiums of 30-50% between the most and least expensive areas.

Yuseong-gu and Seo-gu command the highest prices due to their concentration of tech companies, universities, and business centers. Properties in these districts often trade at premiums above the city average, particularly in areas like Noeun-dong and Dunsan-dong.

Daedeok-gu, specifically the Jangdae-dong area, is emerging as a high-growth district driven by innovation hubs and proximity to Daedeok Innopolis. This area shows rapid price appreciation as tech companies expand their presence.

Jung-gu and Dong-gu offer the most budget-friendly options, with properties typically priced 20-30% below the city average. These older central districts are experiencing urban renewal projects that may drive future appreciation.

The district selection significantly impacts both purchase price and future appreciation potential in Daejeon's evolving market.

What's the typical price per square meter or per square foot for each property type?

What's the all-in total cost for buying including taxes, registration, agent fees and other closing costs?

Total closing costs in Daejeon range from 2% to 7% of the property purchase price.

For a typical ₩700 million property, buyers should budget an additional ₩14 to ₩49 million for all closing costs. The variation depends on property value, buyer status (first-time vs. multiple property owner), and specific transaction circumstances.

Major cost components include acquisition tax (1-3% of property value), registration tax (0.2-2%), stamp duty, legal fees for contract review, and real estate agent commissions (typically 0.5-1% of sale price). Foreign buyers may face additional documentation and legal costs.

First-time homebuyers often qualify for reduced acquisition tax rates, while multiple property owners face higher tax burdens as part of Korea's property market cooling measures.

It's something we develop in our South Korea property pack.

What typical mortgage terms and monthly payments can buyers expect in Daejeon right now?

Current mortgage interest rates in Daejeon range from 3.05% to 4.15% for qualified borrowers.

Banks typically offer loan-to-value ratios of 60-70% for properties in major cities like Daejeon, with some lenders extending up to 80% for well-qualified applicants. The exact LTV depends on the borrower's income, credit history, and the specific property location.

For a ₩500 million property with a 30-year mortgage at 3.5% interest, monthly payments would be approximately ₩2.24 million. This calculation assumes a 70% LTV ratio, requiring a ₩150 million down payment.

Mortgage approval typically requires proof of steady income, Korean tax records, and may include additional requirements for foreign buyers. Most banks prefer debt-to-income ratios below 40% for mortgage approval.

The relatively stable interest rate environment in 2025 provides predictable financing costs for Daejeon property buyers.

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If I'm looking to live in the property, which areas and property types offer the best value today?

For residents prioritizing value and livability, Galma-dong, Gwanjeo-dong, and Wolpyeong-dong offer the best combination of affordability, connectivity, and amenities.

These neighborhoods provide excellent access to Daejeon's subway system, shopping centers, schools, and parks while maintaining prices below the city average. Family-oriented buyers particularly benefit from the spacious villa options available in these areas.

Apartments in the 60-84㎡ range represent the sweet spot for most residents, offering modern amenities and good resale potential. Older apartment complexes undergoing renovation provide excellent value opportunities for buyers willing to invest in updates.

Areas near subway stations command slight premiums but offer significant lifestyle benefits through reduced commuting times and access to city-wide amenities. The subway connectivity particularly benefits professionals working in different districts.

Budget-conscious buyers should consider properties in Jung-gu and Dong-gu, where urban renewal projects may drive future appreciation while current prices remain accessible.

If I want to rent it out, what are the average rental yields for short-term rentals versus long-term rentals in Daejeon?

Long-term rental yields in Daejeon typically range from 3% to 4% annually for apartments and villas.

Short-term rental yields through platforms like Airbnb can reach 4% to 5% annually, with average gross revenue around ₩14 million per year for well-located properties. However, short-term rentals require more active management and may face regulatory restrictions in certain areas.

Officetels near universities and tech centers often achieve the highest rental yields due to strong demand from students and young professionals. Properties near Daedeok Innopolis particularly benefit from tech worker housing demand.

Location factors significantly impact rental yields, with properties near subway stations, universities, and business districts commanding premium rents. The monthly rental rates for officetels average ₩790,000 to ₩900,000 nationally, with Daejeon aligning closely to these figures.

It's something we develop in our South Korea property pack.

If I'm buying to resell later at a higher price, which areas seem most promising for capital appreciation?

Jangdae-dong in Daedeok-gu offers the strongest capital appreciation potential due to expanding tech infrastructure and innovation hub development.

Dunsan-dong in Seo-gu represents another high-growth area, benefiting from its established business district status and continued commercial development. Properties near new transit corridors and business centers in this area show particular promise.

Areas designated for urban renewal in Jung-gu and Dong-gu may offer value appreciation opportunities as redevelopment projects progress. These investments require longer time horizons but may yield significant returns as central areas modernize.

Properties near expanding university campuses and research facilities tend to maintain strong appreciation potential due to consistent demand from academic and research communities. The tech sector growth in Daejeon particularly benefits areas with good connectivity to innovation districts.

New subway line extensions and major infrastructure projects create appreciation opportunities in previously less connected areas of the city.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in South Korea versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

Can you give example purchase prices for representative property types in mid-range neighborhoods?

Which neighborhoods are currently the most expensive, which are emerging, and which are budget-friendly?

Yuseong-gu, particularly Noeun-dong, ranks as Daejeon's most expensive neighborhood due to its concentration of prestigious universities, research institutes, and high-tech companies.

Seo-gu's Dunsan-dong district follows closely as the second most expensive area, serving as Daejeon's primary business and financial center with modern commercial developments and premium residential complexes.

Daedeok-gu's Jangdae-dong emerges as the city's fastest-growing area, driven by proximity to Daedeok Innopolis and expanding tech company presence. Property prices here are rising rapidly as demand from tech workers increases.

Jung-gu and Dong-gu offer the most budget-friendly options, with older apartment complexes and villas available at significant discounts to city averages. These central districts benefit from urban renewal initiatives that may drive future appreciation.

Galma-dong, Gwanjeo-dong, and Wolpyeong-dong represent middle-market neighborhoods offering good value for families, with moderate prices and excellent connectivity to city amenities.

How have average prices in Daejeon changed compared to five years ago and compared to one year ago?

Daejeon property prices have surged over 55% in the past five years, rising from ₩13.05 million per pyeong in 2020 to over ₩20 million per pyeong in 2025.

The one-year price increase of 10.7% for apartments significantly outpaces inflation and demonstrates the continued strength of Daejeon's property market. This growth rate exceeds most other tier-2 cities in Korea.

The five-year growth trajectory reflects Daejeon's transformation into a major tech and innovation hub, with government investment in research facilities and private sector expansion driving housing demand. The consistent price appreciation indicates strong underlying market fundamentals.

Compared to the national average, Daejeon's price growth has been particularly robust, benefiting from its strategic position as a government-designated special city for science and technology development.

It's something we develop in our South Korea property pack.

What price trends are forecasted for the next one year, five years, and ten years, and how do Daejeon's prices compare with other tier-2 cities?

Property prices in Daejeon are forecast to continue growing over the next 1-5 years, with strongest appreciation expected in innovation and business districts.

Short-term forecasts suggest continued growth driven by tech sector expansion, infrastructure development, and strong rental demand from the growing professional population. The city's designation as a special innovation zone supports sustained price appreciation.

Five to ten-year projections indicate Daejeon will likely maintain its position as one of Korea's fastest-growing property markets, though growth rates may moderate as prices reach higher absolute levels. The long-term outlook remains positive due to government investment in research and development infrastructure.

Compared to other tier-2 cities like Gwangju, Ulsan, and Busan, Daejeon currently shows the strongest price momentum and appreciation potential. While still significantly cheaper than Seoul, Daejeon prices now exceed most comparable cities due to its unique tech industry concentration.

The city's strategic importance in Korea's technology development plans suggests it will continue outperforming other tier-2 markets in terms of both price appreciation and investment attractiveness.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Daejeon Real Estate Market Trends
2. Korea Real Estate News
3. Daejeon Property Analysis
4. Officetel Market Report
5. Daejeon Real Estate Market
6. South Korea Property Prices
7. Daejeon Area Guide
8. Property Price Statistics
9. Housing Finance Corporation
10. Airbnb Revenue Data