Nowon-gu Apartment Prices: Seoul's Fastest Rising Suburb

Average apartment transaction prices in Nowon-gu reached 920 million won in the first six months of 2026, marking a 12 percent increase from the same period last year and exceeding gains recorded in Dobong-gu and Gangbuk-gu.

The shift matters now because buyers priced out of southern districts have turned north in larger numbers since the Seoul Metropolitan Government expanded its housing supply targets in March 2025, directing more new units toward outer-ring areas with existing rail links.

Local anchors driving demand

Proximity to Seoul National University of Science and Technology on Gongneung-ro and the cluster of offices around Nowon Station on Subway Line 7 has kept rental yields steady even as interest rates held above 3 percent. Residents also cite the weekly markets at Chang-dong Station and the new community sports center opened in Ssangmun-dong last autumn as reasons families are staying longer rather than trading up.

KB Real Estate data released on 8 July shows Nowon-gu recorded 1,840 transactions between January and June, compared with 1,210 in Dobong-gu over the same stretch. Median price per square metre now sits at 8.4 million won, still 35 percent below the citywide average yet closing the gap at a faster clip than any other northern district.

Next steps for buyers and investors

Agents at local branches of the Korea Real Estate Board recommend checking listings along Wolgye-ro first, where several mid-sized complexes built between 2008 and 2012 are expected to release units this autumn. Prospective purchasers should review the latest Seoul housing supply plan updates at the Nowon-gu Office website before making offers, as additional transport improvements along the Gyeongchun Line are scheduled for completion by late 2027.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.