Mugeo-dong Rent Prices in Ulsan 2026
Our Verdict
"Bougie"
At a median of ₩15300/m², this area earns its BOUGIE rating more through high demand and proximity to the campus than actual luxury. The neighborhood analysis shows that while the upper end hits ₩20000/m², you are mostly paying for the privilege of avoiding a long commute. The investment outlook remains stable because students and faculty keep the floor from dropping, but renters should negotiate hard on older units that haven't been renovated since the 90s.
The Vibe:Mugeo-dong is defined by the heavy foot traffic around the University of Ulsan and the constant vehicle bottleneck at Sinbok Rotary. You are trading quiet residential life for the convenience of the intercity bus terminal and a grid of streets packed with cheap late-night eats. The landscape is a mix of aging multi-family villas and sleek, overpriced officetels that squeeze every won out of the limited square footage.
The median rent price in Mugeo-dong, Ulsan is ₩15,300 per m² per month, 28% above the Ulsan city average of ₩12000/m². Based on 1 verified rental data points as of June 2026.
Market Median · Mugeo-dong
20+ data pointsI'm Paying
Scroll to share what you pay · anonymous
Neighborhood Peers
Quick Estimate
Mugeo-dong @ ₩15,300/m²/mo
District Highlights
Locals Ask
Is parking really that difficult in Mugeo-dong?
Yes, unless you secure a spot in a newer building with underground levels, you will spend twenty minutes every night circling narrow alleys.
Why are m² stats higher here than in some parts of Nam-gu?
The high density of small-unit officetels near the university inflates the price per square meter compared to larger family apartments elsewhere.
What is the noise level like near the University of Ulsan?
The backstreets are loud until 2 AM with students; if you want quiet, look for units near Mugeo Middle School instead.
Does the Average Rent include the monthly maintenance fee?
No, these figures represent base rent; expect to pay an additional ₩70,000 to ₩120,000 for building management and utilities.
Is this a good area for those commuting to Busan?
It is the best spot in the city for it, as you are right at the Ulsan Expressway entrance, skipping the city center gridlock.
Nearby in Ulsan
About This Data
Data Sources
Mugeo-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 4/5 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.