Itaewon 1(il)-dong Property Prices in Seoul 2026
Our Verdict
"Bougie"
At a median of ₩16200000/m², you are paying for the BOUGIE label and the prestige of the 04391 zip code. This neighborhood analysis shows a market that has disconnected from local utility and transitioned into a pure land-play for the wealthy. While the entry point is high, the investment outlook is anchored by the massive Yongsan Park transformation nearby, making it a safe, albeit expensive, bet.
The Vibe:The terrain is a literal uphill battle, characterized by steep alleys and narrow roads that make owning a large car a massive liability. It is a dense mix of high-walled diplomatic residences and older red-brick low-rises occupied by long-term expats and gallery owners. Life here revolves around the Line 6 corridor and the constant climb toward the Namsan foothills.
The median property price in Itaewon 1(il)-dong, Seoul is ₩16,200,000 per m², 8% below the Seoul city average of ₩17700000/m². Based on 1 verified sale data points as of February 2026.
Market Median · Itaewon 1(il)-dong
20+ data pointsI Paid
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Neighborhood Peers
Quick Estimate
Itaewon 1(il)-dong @ ₩16,200,000/m²
District Highlights
Locals Ask
Is parking as bad as everyone says?
Worse. Unless you have a private garage in a luxury villa, expect to park blocks away or scrape your mirrors in the alleys.
Do m² stats vary much between the hill and the main road?
Significantly; properties higher up the hill with Namsan views command the ₩22000000/m² ceiling, while units near the commercial noise floor out lower.
What is the long-term investment outlook for this area?
Extremely strong because the relocation of the nearby military base into a public park is guaranteed to hike House Prices.
Is it noisy at night?
If you are within 200 meters of the main drag, the weekend nightlife noise is unavoidable; stay closer to Sowol-ro for actual peace.
How is the local grocery situation?
Poor for standard Korean marts; you will likely rely on Foreign Food Mart for basics or drive to the Hannam-dong SSG for quality produce.
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About This Data
Data Sources
Itaewon 1(il)-dong prices are sourced from real market listings and verified location scans submitted by users in Seoul. 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 (purchase price). The 4/5 rating reflects price-to-value relative to local amenities, transit access, and broader market conditions in Seoul.
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.