Home sale and jeonse (lump-sum deposit lease) prices in the Incheon area turned to a stabilizing decline in July 2026, while monthly rent prices rose at a faster pace. As of June, both the number of home sales and the volume of jeonse and monthly rent transactions increased from the previous month.
 [코리안투데이] Incheon City’s July Real Estate Market Trends Report © 장형임 기자 |
The Incheon Metropolitan City government (Mayor Park Chan-dae) announced that home sale and jeonse prices in the Incheon area showed a stabilizing decline in July 2026, while monthly rent prices rose. The findings come from the city’s 2026 July Real Estate Market Trends Report, compiled through an analysis of real estate statistics from the Korea Real Estate Board.
According to the report, the change rate of the July home sale price index in Incheon narrowed from 0.11% the previous month to 0.02%, indicating stabilization. By district, Gyeyang-gu rose 0.06%, while Yeonsu-gu (0.25%) and Bupyeong-gu (0.06%) declined, and Michuhol-gu held flat at -0.04%. Among the districts newly created through administrative reorganization, the figures were Jemulpo-gu 0.10%, Yeongjong-gu -0.12%, Seohae-gu 0.13%, and Geomdan-gu -0.01%.
The change rate of the jeonse price index edged down from 0.29% the previous month to 0.27%. Bupyeong-gu (0.37%) and Gyeyang-gu (0.30%) rose, while Michuhol-gu (0.09%), Yeonsu-gu (0.57%), and Namdong-gu (0.08%) declined. Among the newly created districts, the figures were Jemulpo-gu 0.20%, Yeongjong-gu 0.33%, Seohae-gu 0.50%, and Geomdan-gu 0.00%.
By contrast, the change rate of the combined monthly rent price index widened from 0.29% the previous month to 0.37% in July. Bupyeong-gu (0.45%), Namdong-gu (0.41%), and Gyeyang-gu (0.21%) led the increase, while Michuhol-gu (0.16%) and Yeonsu-gu (0.32%) posted slight declines. Among the newly created districts, the figures were Jemulpo-gu 0.32%, Yeongjong-gu 0.24%, Seohae-gu 0.77%, and Geomdan-gu 0.35%.
Transaction volumes are on an upward trend. The number of home sales in Incheon in June came to 4,067, up 9.1% from the previous month (3,729). By district, Seo-gu recorded the most at 830, followed by Bupyeong-gu (803), Yeonsu-gu (640), Namdong-gu (600), Michuhol-gu (500), Gyeyang-gu (332), Jung-gu (217), Ganghwa-gun (70), and Dong-gu (2). The combined volume of jeonse and monthly rent transactions stood at 12,439 in June, an 8.0% increase from the previous month (11,518).
Lee Won-ju, director of the city’s Urban Planning Bureau, explained, ‘The Incheon housing market in July showed a stabilizing decline in sale and jeonse prices, but monthly rent prices are showing a pattern of accelerating increases centered on some areas such as Seohae-gu, Bupyeong-gu, and Namdong-gu.’
The trend of rising monthly rent burdens amid stable sale and jeonse prices is closely tied to residents’ daily lives, as it directly affects the housing costs of end-users who struggle to find jeonse homes and of tenant households. To help residents grasp local real estate market trends easily and conveniently, Incheon City provides Incheon Real Estate Market Trends within ChatGPT, offering real-time, customized, conversational access to district-by-district home sale and rental price change rates, transaction volumes, and actual transaction prices for apartment sales, jeonse and monthly rent, presales, and occupancy rights.
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