While the average monthly rent for studio villas (row houses and multi-family units) in Seoul edged up in the last month, rents in Gangnam District were found to be nearing 1 million won.
On the 23rd, real estate information platform Dabang released the "September Dabang Map," which analyzed the levels of jeonse and monthly rents by 25 autonomous districts for studio units of 33 square meters or less in row houses and multi-family buildings in Seoul as of last month.
According to the findings, based on a 10 million won deposit, the average monthly rent in Seoul last month was 720,000 won, and the average jeonse deposit was 214.86 million won. Compared with August, monthly rents rose by 20,000 won (3.6%), while deposits fell by 2.33 million won (1.1%).
By district, monthly rents in nine of the 25 districts exceeded the Seoul average. The most expensive district was Gangnam District, where the average monthly rent was 980,000 won (137%), 260,000 won higher than the Seoul average. Gangnam District has ranked No. 1 in average monthly rent for four consecutive months since June.
Next were ▲ Jungnang District 117% (840,000 won) ▲ Gwangjin District 113% (810,000 won) ▲ Seocho District 111% (800,000 won) ▲ Yongsan District 109% (780,000 won) ▲ Geumcheon District 106% (760,000 won) ▲ Seongdong District and Jung District 104% (750,000 won) ▲ Yangcheon District 103% (740,000 won).
The average jeonse deposit was highest in Seocho District at 286.17 million won (133%) for the second straight month in Seoul. It was followed by ▲ Jung District 115% (247.92 million won) ▲ Gangnam District 113% (242.65 million won) ▲ Mapo District 109% (234.43 million won) ▲ Yongsan District 109% (233.67 million won), with 10 districts posting average jeonse deposits higher than the Seoul average.
The Dabang Map is a map designed to compare the average monthly rent and average jeonse deposit by district, extracted based on actual transaction prices from the Ministry of Land, Infrastructure and Transport (MOLIT), with the Seoul average. Using the Seoul average market price as the baseline (100%), a figure above 100% means studio prices in that district are higher than the average.