Donggwang-dong 5(o)-ga Rent Prices in Busan 2026
Our Verdict
"The Grid"
At ₩22000/m², you are paying for a central location without the modern frills. We categorize this area as THE_GRID because it’s a functional urban zone that lacks the 'cool factor' of Jeonpo but avoids the extreme pricing of the coast. It’s not a gentrification trap because the vertical terrain makes large-scale luxury development nearly impossible for now.
The Vibe:This is old-school Busan, defined by steep staircases and narrow alleys that prioritize foot traffic over cars. Residents here are a mix of elderly locals and office staff who work in the nearby Jungang-dong shipping district. The area feels gray and industrial, dominated by the looming presence of the Busan Tower and the sound of port activity.
The median rent price in Donggwang-dong 5(o)-ga, Busan is ₩22,000 per m² per month, 25% above the Busan city average of ₩17650/m². Based on 1 verified rental data points as of February 2026.
Market Median · Donggwang-dong 5(o)-ga
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Neighborhood Peers
Quick Estimate
Donggwang-dong 5(o)-ga @ ₩22,000/m²/mo
District Highlights
Locals Ask
Is the average rent negotiable in this area?
Since we only have 1 neighborhood-specific data point, landlords hold the cards, but older villas with no elevators have plenty of wiggle room.
What do the m² stats say about the investment outlook?
The investment outlook is stagnant; high maintenance costs on hill-side properties limit short-term gains despite the ₩22000/m² median.
Is parking a dealbreaker here?
Absolutely, unless you enjoy 20-minute hunts for a spot on a 30-degree incline every single evening.
Why is the price range so wide (₩16500 - ₩30500)?
The bottom end is for cramped 'oktapbang' rooftop units, while the high end covers rare renovated studios near the Jungang-dong border.
How's the neighborhood analysis for families?
It's tough; the lack of flat sidewalks and green space makes it a better fit for single workers than those with strollers.
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About This Data
Data Sources
Donggwang-dong 5(o)-ga prices are sourced from real market listings and verified location scans submitted by users in Busan. Each neighbourhood requires multiple independent data points before publication to ensure statistical reliability.
Methodology
We report median prices — not averages — to reduce outlier distortion. All figures are per square metre (per month). The 3/5 rating reflects price-to-value relative to local amenities, transit access, and broader market conditions in Busan.
Last Updated
This page was last updated in February 2026. AI-generated insights — including the vibe description, verdict, and FAQs — are regenerated whenever the underlying price data changes to keep analysis current.