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SUMMARY
We analyzed residential property rental yields in Jeju Island, as of 2026, for residential property buyers, using the raw dataset provided and turning it into a practical investor guide for May 2026.
The dataset covers apartment, villa-style multi-family, officetel-style small-unit, townhouse, detached-house, and coastal lifestyle-home demand where those formats affect the local yield story.
We conduct this research regularly and update this page constantly, so the figures should be read as a current Jeju Island residential property yield snapshot rather than a permanent forecast.
The strongest simple income signal is in smaller residential units. Across the table, 1-bedroom properties usually produce the best gross and net rental yields because the rent is high relative to the purchase price and recurring cost burden.
Daejeong-eup has the strongest 1-bedroom net yield in the dataset at 3.8%, supported by English Education City demand and a relatively low modelled purchase price of ₩190,000,000.
Yeon-dong, Nohyeong-dong, Ara-dong, Ido 2-dong, and Donghong-dong also look practical for income-focused buyers because tenant demand is linked to everyday life, work, hospitals, schools, offices, and city services rather than only tourism.
The weakest yield profile appears in larger lifestyle properties in Aewol-eup, Jungmun-dong, Seongsan-eup, and some coastal or suburban villa areas. These areas can be attractive places to live, but purchase prices, vacancy risk, exterior upkeep, and seasonal demand reduce net yield.
Jeju Island is unusually rent-oriented by Korean standards. The raw data notes that Jeju recorded an approximately 80% monthly-rent share in Q1 2025, which matters because foreign buyers should evaluate cash rent demand carefully instead of assuming a standard mainland Korean jeonse pattern.
The most important interpretation is that residential rental income in Jeju Island is not only a tourism story. Tourism supports some seasonal and short-stay demand, but stable rental income usually comes from deeper year-round tenant pools in Jeju City and education-linked Daejeong.
For a beginner foreign buyer, the safest Jeju Island rental yield strategy is usually a clean 1-bedroom or compact 2-bedroom property in a liquid area, not a large coastal house bought mainly for lifestyle appeal.
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Residential property rental yields in Jeju Island in 2026
This table compares residential property rental yields in Jeju Island by neighborhood and bedroom count.
For each area, the table shows estimated average purchase price, estimated average monthly rent, gross rental yield, and net rental yield for 1-bedroom, 2-bedroom, and 3-bedroom properties.
Finally, please note you'll find much more detailed data in our real estate pack about Jeju Island.
| Neighborhood | 1-bedroom property average purchase price | 1-bedroom property average monthly rent | 1-bedroom property gross rental yield | 1-bedroom property net rental yield | 2-bedroom property average purchase price | 2-bedroom property average monthly rent | 2-bedroom property gross rental yield | 2-bedroom property net rental yield | 3-bedroom property average purchase price | 3-bedroom property average monthly rent | 3-bedroom property gross rental yield | 3-bedroom property net rental yield |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aewol-eup | ₩240,000,000 | ₩800,000 | 4.0% | 2.5% | ₩360,000,000 | ₩980,000 | 3.3% | 1.9% | ₩450,000,000 | ₩1,120,000 | 3.0% | 1.8% |
| Ara-dong | ₩235,000,000 | ₩900,000 | 4.6% | 3.4% | ₩350,000,000 | ₩1,180,000 | 4.0% | 3.1% | ₩430,000,000 | ₩1,300,000 | 3.6% | 2.7% |
| Daejeong-eup | ₩190,000,000 | ₩780,000 | 4.9% | 3.8% | ₩300,000,000 | ₩1,050,000 | 4.2% | 3.2% | ₩360,000,000 | ₩1,080,000 | 3.6% | 2.6% |
| Donghong-dong | ₩205,000,000 | ₩780,000 | 4.6% | 3.3% | ₩320,000,000 | ₩1,050,000 | 3.9% | 2.9% | ₩380,000,000 | ₩1,100,000 | 3.5% | 2.4% |
| Hamdeok / Jocheon-eup | ₩230,000,000 | ₩820,000 | 4.3% | 3.1% | ₩340,000,000 | ₩1,080,000 | 3.8% | 2.7% | ₩430,000,000 | ₩1,180,000 | 3.3% | 2.2% |
| Ido 2-dong | ₩230,000,000 | ₩880,000 | 4.6% | 3.3% | ₩370,000,000 | ₩1,100,000 | 3.6% | 2.5% | ₩420,000,000 | ₩1,200,000 | 3.4% | 2.3% |
| Jungmun-dong | ₩250,000,000 | ₩860,000 | 4.1% | 2.8% | ₩360,000,000 | ₩1,050,000 | 3.5% | 2.3% | ₩480,000,000 | ₩1,250,000 | 3.1% | 2.0% |
| Nohyeong-dong | ₩250,000,000 | ₩950,000 | 4.6% | 3.5% | ₩390,000,000 | ₩1,200,000 | 3.7% | 2.7% | ₩470,000,000 | ₩1,340,000 | 3.4% | 2.4% |
| Oedo-dong | ₩220,000,000 | ₩820,000 | 4.5% | 3.2% | ₩330,000,000 | ₩1,020,000 | 3.7% | 2.7% | ₩400,000,000 | ₩1,160,000 | 3.5% | 2.4% |
| Ora-dong | ₩240,000,000 | ₩860,000 | 4.3% | 3.2% | ₩360,000,000 | ₩1,080,000 | 3.6% | 2.6% | ₩440,000,000 | ₩1,240,000 | 3.4% | 2.3% |
| Seongsan-eup | ₩190,000,000 | ₩680,000 | 4.3% | 2.9% | ₩300,000,000 | ₩900,000 | 3.6% | 2.3% | ₩380,000,000 | ₩1,050,000 | 3.3% | 2.0% |
| Yeon-dong | ₩240,000,000 | ₩940,000 | 4.7% | 3.6% | ₩380,000,000 | ₩1,180,000 | 3.7% | 2.7% | ₩460,000,000 | ₩1,320,000 | 3.4% | 2.4% |
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Which neighborhoods offer the best net yield among areas people actually want to live in Jeju Island?
The best net-yield neighborhoods among areas people actually want to live in Jeju Island are Daejeong-eup, Yeon-dong, Nohyeong-dong, Ara-dong, Ido 2-dong, and Donghong-dong.
These areas combine credible residential tenant demand with net yields that still look usable after vacancy, maintenance, leasing friction, and property-level costs.
Daejeong-eup is the strongest numerical case. Its 1-bedroom property estimate is ₩190,000,000 purchase price and ₩780,000 monthly rent, giving 4.9% gross yield and 3.8% net yield.
Yeon-dong and Nohyeong-dong are the strongest Jeju City income choices. Their 1-bedroom net yields are about 3.6% and 3.5%, supported by airport access, offices, shops, hospitals, restaurants, and year-round worker demand.
Ara-dong is also strong because it is practical rather than purely lifestyle-led. Its 2-bedroom estimate gives 3.1% net yield, one of the best 2-bedroom results in the table.
For a beginner buyer, the practical takeaway is to prioritize a small or mid-sized unit in a real daily-life district. Jeju Island residential property rental yields are strongest when tenant demand exists all year, not only during tourist seasons.
Where can I find residential properties with above-average yields and below-average entry prices in Jeju Island?
The clearest places to find residential properties with above-average yields and below-average entry prices in Jeju Island are Daejeong-eup, Donghong-dong, Oedo-dong, and selected parts of Ido 2-dong.
These areas are cheaper than the most popular Shinjeju districts, but they still have enough local rental demand to support the yield.
Daejeong-eup has the best rent-to-price balance in the dataset. A 1-bedroom property at ₩190,000,000 and ₩780,000 monthly rent produces 4.9% gross yield and 3.8% net yield.
Donghong-dong works as a Seogwipo-based local tenant market. Its 1-bedroom property estimate is ₩205,000,000 with ₩780,000 monthly rent, giving 4.6% gross yield and 3.3% net yield.
Oedo-dong is a west-Jeju City value option. A 1-bedroom property at ₩220,000,000 and ₩820,000 rent gives 3.2% net yield, while 2-bedroom properties remain more affordable than Nohyeong-dong or Yeon-dong.
The reason these areas are cheaper is not always weakness. Daejeong is farther from Jeju City, Donghong is more local, and Oedo is less prestigious than Shinjeju, but each can still work when the specific building is clean, rentable, and easy to maintain.
Where does the rent level justify the purchase price most clearly in Jeju Island?
The rent level most clearly justifies the purchase price in Jeju Island in Daejeong-eup, Ara-dong, Yeon-dong, Nohyeong-dong, and Donghong-dong.
These areas show the cleanest relationship between estimated purchase price and realistic residential monthly rent.
Daejeong-eup is the strongest numerical example. A 2-bedroom property at about ₩300,000,000 and ₩1,050,000 monthly rent gives 4.2% gross yield and 3.2% net yield.
Ara-dong is also rational. Its 2-bedroom property estimate is ₩350,000,000 with ₩1,180,000 monthly rent, giving 4.0% gross yield and 3.1% net yield.
Yeon-dong and Nohyeong-dong cost more, but the premium is partly supported by deeper tenant demand. The rent is backed by airport access, shopping, offices, hospitals, restaurants, and daily convenience.
The weak rent-to-price cases are larger lifestyle properties in Aewol-eup, Jungmun-dong, and Seongsan-eup. They may be pleasant to own, but the rental income does not rise enough to offset the purchase price and operating burden.
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Where is the best place to buy if I want stable rental income rather than maximum yield in Jeju Island?
The best places to buy for stable rental income rather than maximum yield in Jeju Island are Yeon-dong, Nohyeong-dong, Ara-dong, and Ido 2-dong.
These areas are not always the highest-yielding areas in the table, but they have deeper tenant pools and stronger everyday rental demand.
Yeon-dong has a 1-bedroom net yield of about 3.6%, while Nohyeong-dong has about 3.5%. These are solid figures for Jeju Island, but the bigger advantage is liquidity.
Ara-dong is useful for stability because demand is less dependent on tourists. A 2-bedroom property gives about 3.1% net yield, supported by medical, university, and family demand.
Ido 2-dong has older stock in places, but it remains central and practical. Its 1-bedroom net yield is around 3.3%, supported by city-hall, office, service, and local household demand.
The trade-off is that these areas have less coastal lifestyle appeal than Aewol or Jungmun. For income stability, boring daily demand is usually safer than seasonal coastal demand.
What type of residential property should a beginner investor buy to maximize rental profitability in Jeju Island?
A beginner investor who wants to maximize rental profitability in Jeju Island should usually buy a 1-bedroom apartment, officetel-style unit, or well-managed villa unit in Jeju City or Daejeong-eup.
The key reason is that smaller residential properties produce the best balance of lower entry price, tenant depth, and net rental yield.
The table shows 1-bedroom net yields of 3.3% to 3.8% in the stronger areas, including Daejeong-eup, Yeon-dong, Nohyeong-dong, Ara-dong, Donghong-dong, and Ido 2-dong.
By contrast, many 3-bedroom properties fall to 2.0% to 2.7% net yield. A Jungmun-dong 3-bedroom property at ₩480,000,000 and ₩1,250,000 monthly rent gives only about 2.0% net yield.
Small Jeju Island units serve more renter groups: airport staff, service workers, teachers, hospital workers, students, singles, young couples, and short-stay professionals.
The best beginner product is not necessarily the prettiest home. It is the most rentable home, with clean condition, simple maintenance, good access, and a tenant base that exists outside tourist peaks.
We give you more details in the our real estate pack about Jeju Island.
Which neighborhoods offer strong rental income with the lowest vacancy risk in Jeju Island?
The Jeju Island neighborhoods that offer strong rental income with the lowest vacancy risk are Yeon-dong, Nohyeong-dong, Ara-dong, and Daejeong-eup.
These areas combine solid rent levels with durable demand drivers rather than relying only on beach appeal or future infrastructure hopes.
Yeon-dong and Nohyeong-dong both support 2-bedroom rents around ₩1,180,000 to ₩1,200,000. These rents are supported by local employment, airport proximity, shopping, hospitals, and services.
Ara-dong’s 2-bedroom rent is estimated at ₩1,180,000, with a 3.1% net yield. That is strong for a family-oriented Jeju City area because the tenant base is broader than in pure tourism locations.
Daejeong-eup has a different demand base. Its 2-bedroom rent of about ₩1,050,000 is supported by English Education City, school staff, and education-linked families.
High-rent coastal areas can still carry more vacancy risk. Jungmun-dong may achieve ₩1,250,000 rent for a 3-bedroom property, but the net yield is only 2.0% because the purchase price and operating burden are high.
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Which areas look overpriced relative to their rental income in Jeju Island?
The Jeju Island areas that look most overpriced relative to residential rental income are Aewol-eup, Jungmun-dong, Seongsan-eup, and some larger homes in Hamdeok / Jocheon-eup.
These places may be desirable, but the residential rental-yield case is weaker after purchase price, upkeep, vacancy, and seasonality are considered.
Aewol-eup is a clear example. Its 3-bedroom estimate is ₩450,000,000 purchase price and ₩1,120,000 monthly rent, giving only 3.0% gross yield and 1.8% net yield.
Jungmun-dong has resort prestige, but the rent does not fully support the price. A 3-bedroom property at ₩480,000,000 and ₩1,250,000 monthly rent produces about 2.0% net yield.
Seongsan-eup has future-infrastructure appeal, but current residential rents remain modest. A 2-bedroom property at ₩300,000,000 and ₩900,000 monthly rent gives about 2.3% net yield.
The trade-off is not good neighborhood versus bad neighborhood. It is income return versus lifestyle, scenery, tourism appeal, and future expectations.
Which neighborhoods should I avoid even if the rental yield looks attractive in Jeju Island?
Beginner investors should be careful with Seongsan-eup, older Aewol houses, older Hamdeok villas, and weakly located Seogwipo fringe stock even when the headline yield looks attractive.
The reason is that risk-adjusted yield can be much lower than the gross yield suggests.
Seongsan-eup has a 1-bedroom gross yield around 4.3%, but net yield falls to about 2.9% after vacancy and upkeep. The second-airport story may support future demand, but it does not create a deep current tenant pool by itself.
Aewol-eup can look affordable compared with central Jeju, but larger homes have weak net yields. A 3-bedroom Aewol property gives about 1.8% net yield in the table.
Hamdeok has beach appeal, but it is more seasonal. A 3-bedroom estimate gives only 2.2% net yield, and exterior upkeep can be higher because coastal weather is harsher.
The practical issue is not reputation. It is tenant depth, maintenance burden, leasing time, and resale liquidity.
Which neighborhoods look risky even though the rental yield is high in Jeju Island?
The Jeju Island neighborhoods that can look risky even though the rental yield is high are Seongsan-eup, some Daejeong-eup stock, Donghong-dong older villas, and Hamdeok small units.
These areas may show acceptable headline yields, but the risk drivers are very different.
Daejeong-eup has the best 1-bedroom net yield at 3.8%, but demand is heavily tied to English Education City. That can be strong, but it is still concentrated.
Donghong-dong has a 1-bedroom net yield of about 3.3%, but older villa stock can have parking, repair, and resale limitations. The numbers work only if the building is well maintained.
Hamdeok small units can produce around 3.1% net yield, but beach-area demand is more seasonal and more sensitive to tourism sentiment.
Seongsan-eup is the most speculative. The planned second airport may improve future demand, but a beginner buyer should not price today’s rent as if the airport were already operating.
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What neighborhoods should I avoid when buying a rental property in Jeju Island?
When buying a rental property in Jeju Island, a beginner investor should avoid large lifestyle properties in Aewol-eup, large resort-linked homes in Jungmun-dong, speculative Seongsan-eup purchases, and older poorly managed villas in fringe locations.
This is not a full-neighborhood ban. It is a warning against weak versions of otherwise attractive areas.
Aewol-eup should not be avoided completely, but beginners should avoid large houses bought mainly for rental income. The table’s 3-bedroom net yield is only 1.8%.
Jungmun-dong should be avoided if the main goal is stable residential yield. It is better for lifestyle or resort exposure than simple rental income, with a 3-bedroom net yield around 2.0%.
Seongsan-eup should be approached only with a discount. Its airport story may improve demand later, but current 2-bedroom net yield is only 2.3%.
Older fringe villas should be avoided unless the price is very low and the building is easy to maintain. In Jeju Island, repair risk can erase a small yield advantage quickly.
Which neighborhoods are seeing rental demand weaken, and why, in Jeju Island?
The Jeju Island neighborhoods where rental demand appears softer are Aewol-eup, Jungmun-dong, Seongsan-eup, and some oversupplied suburban villa areas.
The weakness is not necessarily a collapse. It is often slower absorption, a thinner tenant pool, and more selective renters.
Aewol-eup demand is more lifestyle-driven. When remote-worker, second-home, or tourism-linked demand softens, rents do not always hold up enough to protect net yield.
Jungmun-dong depends more on resort and tourism employment. The table shows that a 3-bedroom Jungmun property can rent for ₩1,250,000 per month, but still produces only 2.0% net yield because the purchase price is high.
Seongsan-eup has future-infrastructure interest, but current residential demand is not as deep as Jeju City. Buyers may face longer vacancy if they buy too early or buy the wrong property type.
This is mainly a structural issue for weakly located stock. Better buildings in good micro-locations can still rent, but generic older houses are harder.
Which neighborhoods are seeing new developments that could create stronger rental demand in Jeju Island?
The Jeju Island neighborhoods where new developments could create stronger rental demand are Seongsan-eup, Daejeong-eup, and parts of Jeju City’s western and airport-linked corridor.
The important point is that development can create both demand and competition. New infrastructure can help tenants, while new housing supply can compete with older properties.
Seongsan-eup has the biggest infrastructure story because of the planned second Jeju airport. If delivered, it could improve access and create airport, logistics, hospitality, and service-worker housing demand.
Daejeong-eup benefits from English Education City. The raw data notes that a fifth international school, Fulton Science Academy Atherton, held a groundbreaking ceremony in April 2026, strengthening the education-linked rental story.
Jeju City’s western and airport-linked areas benefit from jobs, logistics, hospitals, shops, and daily services rather than one single mega-project. That creates a more stable rental base.
The practical recommendation is to buy properties that remain competitive after new supply arrives. New development helps only when it deepens the tenant pool more than it increases competing listings.
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Which neighborhoods have become less attractive for property investors over the last 12 months in Jeju Island?
The neighborhoods that have become less attractive for rental-income investors over the last 12 months in Jeju Island are Aewol-eup, Jungmun-dong, Seongsan-eup, and some newly supplied suburban apartment or villa pockets.
The common problem is not that people dislike these places. The problem is that yield compression, maintenance burden, and absorption risk have become harder to ignore.
Aewol-eup and Jungmun-dong remain desirable lifestyle markets, but residential rents have not risen enough to offset high purchase prices and upkeep. Their 3-bedroom net yields sit around 1.8% to 2.0%.
Seongsan-eup has a future story, but current rents remain below Jeju City levels. That makes the investment case more speculative than income-led.
Jeju Island also has a supply-risk issue in some locations. The raw data notes a 2025 example in Aewol where only one unit in a 425-household complex had found an owner and the rest were unsold.
These areas can still be good places to live. They are weaker for beginner rental investors because the rent does not compensate enough for vacancy, maintenance, and resale risk.
Which property types are becoming harder to rent in Jeju Island, and in which neighborhoods?
The property types becoming harder to rent in Jeju Island are large detached houses in Aewol-eup, large resort villas in Jungmun-dong, older villas in fringe Seogwipo locations, and speculative homes in Seongsan-eup.
The issue is usually not that these homes cannot rent at all. The issue is that the tenant pool is narrower and the carrying cost is heavier.
Large Aewol homes face a narrow renter base. The table shows ₩1,120,000 rent for a 3-bedroom property, but only about 1.8% net yield because the purchase price and upkeep are high.
Large Jungmun villas also need a specific tenant. They suit higher-income lifestyle renters, but those renters are fewer and more seasonal.
Older villas in Donghong-dong or fringe Seogwipo can still work, but only when bought cheaply and maintained well. Poor parking, dated interiors, and repair issues reduce tenant interest quickly.
Small Jeju City units are not becoming harder to rent in the same way. They face competition, but tenant depth remains stronger because the renter base is wider.
Which bedroom count offers the best balance between entry price, rental yield, and tenant demand in Jeju Island?
The bedroom count that offers the best balance between entry price, rental yield, and tenant demand in Jeju Island is usually the 1-bedroom property.
It has the best combination of lower purchase price, stronger net yield, and a wider range of potential tenants.
Across the table, 1-bedroom net yields commonly sit around 3.1% to 3.8% in the stronger areas. Daejeong-eup reaches 3.8%, Yeon-dong reaches 3.6%, Nohyeong-dong reaches 3.5%, and Ara-dong reaches 3.4%.
2-bedroom properties are the balanced family option. They usually produce lower yields, around 2.6% to 3.2% net in the better areas, but tenant turnover may be lower.
3-bedroom properties are best only when the investor values stability, lifestyle appeal, or future resale more than yield. In many Jeju Island neighborhoods, 3-bedroom net yields fall to 2.0% to 2.7%.
For a first rental property, a clean 1-bedroom or compact 2-bedroom in Yeon-dong, Nohyeong-dong, Ara-dong, or Daejeong-eup is usually more sensible than a larger coastal house.
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INSIGHTS
These insights are drawn from the Jeju Island residential property rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential property to rent out.
You’ll find even more insights in our our real estate pack about Jeju Island.
- Jeju Island 1-bedroom units produce the strongest average yield profile in most neighborhoods. The simple reason is that rents remain meaningful while the purchase price and operating burden stay lower than for larger homes.
- Daejeong-eup is the strongest income signal in the table, but it is not a generic island-wide signal. The 3.8% 1-bedroom net yield is tied to education demand, especially English Education City.
- Yeon-dong and Nohyeong-dong are the most practical Jeju City choices for income buyers. They do not rely on scenery or speculation, but on airport access, work, shopping, hospitals, restaurants, and daily life.
- Ara-dong is a strong middle-ground market. Its 2-bedroom net yield of 3.1% shows that family-oriented demand can still work when the purchase price is not stretched too far.
- Aewol-eup has lifestyle value, but weak income efficiency. Larger Aewol homes show how beach appeal can raise purchase prices faster than residential rent.
- Jungmun-dong is better understood as a resort and lifestyle market than a pure rental-yield market. The 3-bedroom net yield of about 2.0% makes the income case difficult for a beginner buyer.
- Seongsan-eup is a future-infrastructure story, not a current income story. The planned second airport may help later, but current rental depth is thinner than in Jeju City.
- Oedo-dong is a useful value compromise. It gives lower entry pricing than the most prestigious Jeju City districts while still benefiting from city-side demand.
- Hamdeok and Jocheon-eup need careful property selection. Beach appeal helps rent, but seasonality and coastal upkeep reduce the risk-adjusted return.
- 3-bedroom properties rarely beat 1-bedroom units on Jeju Island net yield. They can fit families and lifestyle buyers, but they are usually less efficient for pure rental income.
- Jeju City small units rent better than coastal lifestyle homes because the tenant pool is broader. Airport staff, service workers, hospital workers, students, and young professionals create more repeatable demand.
- Daejeong 2-bedroom properties can work because school families pay for location. This is different from tourist demand and should be analyzed as an education-linked rental pocket.
- Aewol-eup and Jungmun-dong need stronger rent premiums to justify their maintenance costs. Without a higher rent, exterior repairs, vacancy, and property management can erase the apparent return.
- Jeju Island investors should separate residential rent from tourism income. A property that works as a guesthouse or seasonal stay is not automatically a strong long-term residential rental.
- The safest beginner strategy is a liquid 1-bedroom or 2-bedroom near daily employment hubs. In Jeju Island, tenant depth and ease of maintenance usually matter more than the most attractive view.
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OUR METHODOLOGY TO BUILD THIS TRACKER
To estimate purchase price, monthly rent, and rental yield in different Jeju Island neighborhoods, we built this dataset ourselves from the ground up. We did not reuse a third-party yield dataset. We manually researched current residential sale and rental listings, then organized the data by neighborhood and property type.
For each neighborhood and property type, we collected comparable sale listings from recognized Korea and Jeju property platforms such as Naver Real Estate, Zigbang, and JEJUBI Property. We used the property categories shown in the tracker, then compared only listings that were reasonably similar in location, size, condition, and property format.
We cleaned the sale sample manually. Duplicate listings, unrealistic asking prices, luxury outliers, distressed assets, serviced-style offers, incomplete listings, and clearly non-comparable properties were removed before calculating the estimates.
Sale prices were normalized on a local-currency basis and, where possible, checked against comparable property size and condition. We used the median price as the main reference where possible, or the average only when the sample was clean.
We then built the rental side of the dataset manually. For the same neighborhood and property type, we collected rental listings separately, removed outliers and non-comparable listings, and estimated a realistic monthly rent using the median rent where possible.
The gross rental yield was calculated as: Gross rental yield = annual rent / estimated purchase price.
To estimate net yield, we avoided applying a flat discount across all segments. The deduction was adjusted by neighborhood and property type, reflecting differences in management fees, vacancy risk, repairs, insurance, leasing fees, tax friction, building costs, exterior maintenance, garden or pool upkeep, weather exposure, and property-level operating costs.
For residential property markets, we also paid attention to property-level factors when available. These include building or property condition, age, parking, road access, layout, moisture risk, coastal maintenance burden, rental model, tenant depth, and resale liquidity.
Each estimate was assigned a confidence level. 30 to 40 comparable listings means higher confidence. 20 to 30 comparable listings means usable but less robust. Fewer than 20 comparable listings means directional only, unless we widened the comparable area.
These estimates are updated regularly and should be read as structured market estimates, not as guarantees of future rental income. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Jeju Island.
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