Namsu-dong Property Prices in Suwon-si 2026
Our Verdict
"The Grid"
At a median of ₩6,350,000/m², you are paying for history, but the reality is a bit of a stalemate. We categorize this as THE_GRID because the strict UNESCO heritage building codes severely limit your renovation or redevelopment upside. Our Investment outlook is lukewarm; while it is cheaper than Gwanggyo, the lack of parking and modern infrastructure makes the ₩8,900,000/m² ceiling feel like a stretch unless you're buying a rare commercial-facing plot.
The Vibe:This isn't your typical polished Suwon high-rise zone; it is a gritty, low-rise stretch squeezed between the Hwaseong Fortress wall and the chaos of the Paldalmun market district. Expect heavy foot traffic from tourists and elderly locals, with the Suwon-cheon stream providing the only real breathing room. Living here means navigating narrow alleys and dealing with the constant buzz of the nearby traditional markets.
The median property price in Namsu-dong, Suwon-si is ₩6,350,000 per m², 3% below the Suwon-si city average of ₩6575000/m². Based on 1 verified sale data points as of June 2026.
Market Median · Namsu-dong
20+ data pointsI Paid
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Neighborhood Peers
Quick Estimate
Namsu-dong @ ₩6,350,000/m²
District Highlights
Locals Ask
Can I rebuild an old house into a modern villa here?
Highly unlikely; heritage preservation laws in Namsu-dong impose strict height and aesthetic limits that kill most major redevelopment dreams.
Why is the m² price range so wide?
The ₩4,850,000/m² floor represents aging, inaccessible residential units, while the ₩8,900,000/m² peak is reserved for properties with direct street frontage near the museum.
How do I handle the lack of parking?
You don't; you either pay for a monthly pass at the Suwon Hwaseong Museum public lot or pray for a spot in a cramped alleyway.
Is this area seeing the same 'cafe culture' boom as Haenggung-dong?
It is slowly creeping in, but Namsu-dong remains more focused on traditional trade and older residential stock for now.
Is the neighborhood analysis promising for long-term growth?
Growth is capped by the lack of new apartment developments, making this more of a 'lifestyle' buy for fortress lovers than a high-yield investment.
Nearby in Suwon-si
About This Data
Data Sources
Namsu-dong prices are sourced from real market listings and verified location scans submitted by users in Suwon-si. 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 3/5 rating reflects price-to-value relative to local amenities, transit access, and broader market conditions in Suwon-si.
Last Updated
This page was last updated in June 2026. AI-generated insights — including the vibe description, verdict, and FAQs — are regenerated whenever the underlying price data changes to keep analysis current.