Hangzhou vs Seoul
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Hangzhou vs Seoul
Hangzhou is 40% more affordable for homebuyers. Hangzhou has a price-to-income ratio of 14.5x compared to 15.2x in Seoul.
| Metric | Hangzhou | Seoul |
|---|---|---|
| Avg Home Price | $350,000 | $580,000 |
| Price / sqm | $5,800 | $12,000 |
| Rent (1BR) | $750/mo | $1,000/mo |
| Rent (3BR) | $1,300/mo | $2,000/mo |
| Price-to-Income | 14.5x | 15.2x |
| Mortgage Rate | 4.2% | 3.8% |
| 1yr Change | -3.2% | -1.2% |
| Median Income | $24,000/yr | $38,000/yr |
| Population | 12,200,000 | 9,700,000 |
📊
HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Hangzhou or Seoul more expensive?
Hangzhou is more affordable. Home prices differ by $230,000 (40%).
Which city has cheaper rent, Hangzhou or Seoul?
Rent for a 1BR in Hangzhou is $750/mo vs $1,000/mo in Seoul.
Explore the DataPeek Network