Bangeo-dong Rent Prices in Ulsan 2026
Our Verdict
"The Grid"
At a median ₩12,000/m², you are paying for the convenience of walking to the shipyard gates, not for high-end urban living. We’ve classified this area as THE_GRID because the infrastructure is functional but aging, and the investment outlook is tied entirely to the global shipbuilding cycle. If you aren't working in the heavy industry sector, the isolation of the Dong-gu peninsula makes the average rent hard to justify compared to Nam-gu.
The Vibe:This is a rugged industrial engine room where the salty East Sea air meets the grit of Hyundai Heavy Industries. The crowd is a mix of veteran shipyard workers, specialized foreign engineers around Kkotbawi, and a busy fishing community at Bangeojin Port. Traffic on Bangeojinsunhwan-doro is a literal standstill during the 5 PM shift change, so don't expect a quick getaway.
The median rent price in Bangeo-dong, Ulsan is ₩12,000 per m² per month, 0% below the Ulsan city average of ₩12000/m². Based on 1 verified rental data points as of June 2026.
Market Median · Bangeo-dong
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Neighborhood Peers
Quick Estimate
Bangeo-dong @ ₩12,000/m²/mo
District Highlights
Locals Ask
Why is there such a gap between ₩9,500 and ₩16,500/m²?
The upper range covers 'foreigner-spec' furnished villas near the shipyard, while the lower end is for older, walk-up studios with zero parking.
Is parking manageable for residents?
It’s a nightmare in the older blocks; if your building doesn't have a designated gate, you'll be fighting for scraps on narrow side streets every night.
What is the investment outlook for Bangeo-dong rentals?
It is high-yield but high-risk; the neighborhood analysis shows demand spikes when HHI wins big contracts and craters when the docks are quiet.
How reliable are the public transit links?
The 100-series buses are frequent, but you're at the end of the line, so expect a long haul to get to Ulsan Station or Samsan-dong.
Is the m² stats calculation inclusive of the new high-rises?
Yes, the few premium towers near the waterfront pull the average rent up, but they are outliers compared to the standard villa stock.
Nearby in Ulsan
About This Data
Data Sources
Bangeo-dong prices are sourced from real market listings and verified location scans submitted by users in Ulsan. 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 Ulsan.
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.