Ulsan’s market is rapidly transitioning from industrial-grade housing to luxury urban living, driven by a surge in high-rise residential developments. Current m² Prices reflect a maturing market where the Investment Outlook remains bullish for those targeting the rejuvenated Nam-gu corridor and its new infrastructure. While the overall Cost of Living is rising, the city’s high median income ensures that housing affordability remains superior to Busan or Seoul. Verdict: Ulsan is a strategic 'Accumulate' for investors looking for stability and rental yield amidst a tightening national supply.
Avg Buy
Avg Rent
Districts Analysed
Home to the city’s elite academic academies and the expansive Ulsan Grand Park, it offers the premier balance of education and green space.
As a primary residential hub for the automotive sector, this area provides the most competitive price-to-space ratio for young professionals.
Ideal for those seeking panoramic ocean views and a relaxed lifestyle near the newly redeveloped Ilsan Beach waterfront.
Top-rated zones for tenants
Ulsan has 8 analyzed neighborhoods with a citywide average rent of ₩9546.34/m² per month. Each district below is rated on our 1-5 scale and classified from "Trenches" (best value) to "Final Boss" (luxury tier). Click any neighborhood to see the full price breakdown, local highlights, and our verdict on whether it is fairly priced.
Gross rental yield for Ulsan: 2.5% annually based on average rent vs. buy prices.
Foreigners are subject to the same progressive acquisition tax (1-3%) as residents, though they must comply with the Foreigner's Acquisition of Land Act by reporting the transaction within 60 days.
Yes, a city-wide shift toward Wolse (monthly rent) has reduced Jeonse inventory by 15% year-over-year, making early scouting essential for those seeking traditional deposit-based contracts.
The local government offers various childcare subsidies and preferential interest rates on housing loans for young families and tech specialists relocating to designated innovation districts.