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Daejeon's real estate market is experiencing notable growth with average prices ranging between ₩4-5.2 million per square meter as of September 2025.
The city's property market shows strong momentum driven by tech sector expansion, university presence, and ongoing infrastructure developments, particularly in Yuseong-gu and Seo-gu districts which are leading price appreciation.
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Daejeon's real estate market demonstrates robust growth with 10.7% price increases over the past year, led by Yuseong-gu and Seo-gu districts.
Apartments and officetels show strongest demand, with officetels offering the highest rental yields nationally at 7.83%.
| District | Avg Price/m² (KRW) | 2025 Price Trend | Rental Yield | Demand Level | Main Projects |
|---|---|---|---|---|---|
| Yuseong-gu | 5-6 million | Highest growth | 6-7% | Very high | Science Belt, tech hub |
| Seo-gu | 4.5-5.5 million | Strong growth | ~6% | High | Family complexes |
| Jung-gu | 3.5-4.2 million | Modest growth | ~4% | Moderate | Urban renewal |
| Dong-gu | 3.0-4.0 million | Slow/stagnant | ~4% | Lower | Limited development |
| Citywide Average | 4-5.2 million | Strong growth (10.7% annually) | 5-6% | High | Infrastructure upgrades |
What's the current average price per square meter for apartments and houses across Daejeon?
As of September 2025, the average price per square meter for apartments and houses in Daejeon ranges between ₩4 million and ₩5.2 million.
This citywide average reflects significant variation across different property types and locations within the metropolitan area.
Apartments typically command higher prices per square meter compared to single-family houses, with newer developments and those in prime locations reaching the upper end of this range. The pricing structure shows clear differentiation based on age, condition, and proximity to key amenities like universities, tech hubs, and transportation networks.
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How do prices differ between the main districts of Daejeon, like Yuseong, Seo, Jung, and Dong?
Yuseong-gu leads the market with the highest prices, ranging from ₩5-6 million per square meter, driven by its proximity to universities and the expanding tech sector.
Seo-gu follows closely with prices between ₩4.5-5.5 million per square meter, favored for its modern residential complexes and family-friendly amenities.
Jung-gu occupies the middle range at ₩3.5-4.2 million per square meter, offering more traditional urban living with ongoing but slower renewal projects. Dong-gu presents the most affordable option at ₩3.0-4.0 million per square meter, though it experiences the slowest price appreciation due to limited new development and aging infrastructure.
What has been the short-term trend in prices over the past 6 to 12 months?
Daejeon's residential market has demonstrated remarkable strength with average apartment prices surging by 10.7% over the past year.
Month-on-month gains have remained steady since mid-2024, indicating sustained market momentum rather than speculative bubbles.
Yuseong-gu and Seo-gu have recorded the most significant increases, with some premium areas seeing appreciation rates exceeding the city average. Jung-gu and Dong-gu have shown more modest but still positive price changes, reflecting their different market dynamics and development stages.
Transaction activity has supported these price increases, with volumes increasing 1.7 times from January to May 2025 compared to the same period in the previous year.
What are the medium-term projections for the next 2 to 3 years?
Market analysts project modest but positive annual appreciation rates of 2-3% for the Daejeon residential market over the next 2-3 years.
Cumulative growth estimates range from 6-9% over three years, with the highest growth expected in revitalized districts undergoing infrastructure improvements.
The success of these projections depends heavily on the completion of ongoing infrastructure projects and continued expansion of the tech sector employment base. Yuseong-gu and Seo-gu are expected to outperform the city average, while Jung-gu and Dong-gu may see accelerated growth as urban renewal projects reach completion.
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What's the long-term outlook over the next 5 to 10 years?
The long-term outlook for Daejeon real estate shows prospects for sustained but moderate price appreciation, particularly in innovation hubs like Yuseong-gu and areas undergoing redevelopment.
City infrastructure upgrades, including the planned Daejeon Line 2 tram system opening in 2028, are expected to support steady price growth across multiple districts.
However, aging housing stock and supply constraints pose potential risks that could limit growth in certain areas. The completion of major projects like the International Science and Business Belt will likely create new high-value zones, while districts that fail to modernize may experience relative price stagnation.
Overall market fundamentals suggest cumulative appreciation of 15-25% over the next decade, with significant variation based on district-specific development progress.
How do transaction volumes and number of listings compare now versus last year?
Transaction volumes in Daejeon have shown remarkable recovery and growth, increasing by 1.7 times from January to May 2025 compared to the same period in 2024.
Current trading activity significantly exceeds last year's levels across all major property categories, indicating strong market confidence and buyer demand.
Listings remain competitive, particularly for newer apartments and well-located properties, as inventory tightness persists throughout the metropolitan area. The combination of increased transaction volumes and limited inventory has created a seller's market in many districts, especially Yuseong-gu and Seo-gu where demand consistently exceeds supply.
Which property types are showing the strongest demand right now?
Apartments dominate the demand landscape, representing the most popular property type with consistent appreciation across all districts.
- Apartments: Most sought-after for their modern amenities, security features, and consistent value appreciation
- Officetels: High demand among young professionals and singles, particularly near tech hubs and research facilities
- Single-family houses: Appeal mainly to budget-conscious buyers and families seeking more space, though with slower investment growth
- Land: Less active market due to regulatory constraints and complex development requirements
- Luxury apartments: Strong demand in Yuseong-gu and Seo-gu for premium units with advanced facilities
What are rental yields looking like in different districts, and how do they compare to national averages?
Daejeon offers exceptional rental yield opportunities, with officetels delivering the highest gross rental yield nationally at 7.83%.
This significantly exceeds Seoul's rental yields of 4-4.3%, making Daejeon an attractive destination for rental income investors.
| Property Type | Yuseong-gu Yield | Seo-gu Yield | Jung-gu Yield | Dong-gu Yield | National Average |
|---|---|---|---|---|---|
| Officetels | 6-7% | 6-6.5% | 5-5.5% | 4.5-5% | 7.83% (Daejeon leads) |
| Apartments | 5-6% | 5-5.5% | 4-4.5% | 3.5-4% | 4-4.3% (Seoul) |
| Single-family homes | 4-5% | 4-4.5% | 3.5-4% | 3-3.5% | 3.5-4% |
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.
Where are the main new developments and infrastructure projects that could influence future values?
The International Science and Business Belt in Yuseong-gu represents the most significant development project, creating a massive high-tech cluster that's nearing completion.
Major infrastructure improvements include the Daejeon Line 2 tram system scheduled to open in 2028, which will significantly enhance connectivity across the metropolitan area.
New mixed-use residential complexes are under development throughout Seo-gu and downtown areas, adding modern housing stock to meet growing demand. The Daejeon Cultural Park Soujain project will create new cultural amenities that enhance the city's desirability for residents and investors.
These infrastructure investments are strategically positioned to boost property values in surrounding areas, particularly benefiting early investors in adjacent neighborhoods.
What budget ranges are most competitive right now for buyers?
The entry-level market faces the most intense competition, with buyers competing heavily for older apartments, renovated properties, and officetels.
Budget ranges under ₩300 million experience the highest buyer-to-listing ratios, making it challenging for first-time buyers to secure desirable properties.
Mid-tier buyers with budgets between ₩300-600 million find more options but still face competition, especially in Yuseong-gu and Seo-gu where new developments command premium prices. The luxury segment above ₩600 million shows strong activity but less intense competition, particularly for high-end apartments in prime locations with advanced amenities.
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If you're buying to live in, which districts offer the best mix of affordability, amenities, and lifestyle?
Seo-gu and Yuseong-gu provide the optimal combination of affordability, modern amenities, quality schools, efficient transit connections, and vibrant community life.
- Seo-gu: Excellent balance of price and amenities, with new residential complexes and family-friendly facilities
- Yuseong-gu: Premium lifestyle with university atmosphere, tech sector opportunities, and cultural attractions
- Jung-gu: Traditional urban living with ongoing renewal projects, suitable for those preferring established neighborhoods
- Dong-gu: Most affordable option but with limited modern amenities and slower development progress
- Newer developments in Seo-gu: Modern apartments with integrated amenities, playgrounds, and proximity to schools
If you're buying to rent out or resell, which areas and property types show the best return potential?
Short-term investment returns favor Yuseong-gu and Seo-gu apartments, especially new developments and officetels, due to high rental demand and leading rental yields.
Medium-term opportunities exist in Jung-gu and Dong-gu areas undergoing urban renewal, where property values are expected to rise as redevelopment projects reach completion.
Long-term investment potential centers on tech-adjacent neighborhoods and properties near major infrastructure projects, which are positioned for the strongest appreciation as city upgrades mature over the next decade.
Officetels represent the strongest rental income opportunity with yields reaching 7.83%, while apartments in prime districts offer the best combination of rental yield and capital appreciation potential.
It's something we develop in our South Korea property pack.
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.
Daejeon's real estate market demonstrates robust fundamentals with strong growth potential across multiple districts and property types.
Investors and residents should focus on Yuseong-gu and Seo-gu for optimal returns, while considering emerging opportunities in renewal districts for medium-term appreciation.
Sources
- Daejeon Real Estate Market Analysis
- Daejeon Real Estate Market Trends
- Daejeon Property Market Report
- Korean Real Estate Market Updates
- Korea's Economic Growth Model 2040
- Korean Real Estate Transaction Volume
- Korean Rental Yield Analysis
- South Korea Housing Market Forecast
- Daejeon International Science Belt
- South Korea Property Price History