Monthly Rent Fairness Check
Compare a wolse offer against official rent transactions in the same apartment complex.
Your result appears here: the verdict, the median we compared against, and the official transaction rows we used.
Compare a wolse offer against official rent transactions in the same apartment complex.
We compare your offer against apartment lease contracts reported to the Ministry of Land, Infrastructure and Transport, the official records behind Korean property prices. We look at the last three months in your district first, and if fewer than three comparable contracts survive the matching, we look back six months. We never use listing prices, broker estimates, or an unpublished market model.
Matching starts with the apartment name. Spelling it with or without spaces makes no difference, and a partial name still matches. If you give us the size, we first keep contracts within 10% of it, and widen to 20% when that leaves fewer than three. Leave the size out and every name match counts. You then see up to five of the newest matched contracts, so you can check the evidence yourself.
A deposit and a monthly rent cannot be compared by the rent alone. We turn each deposit into a monthly cost using a 5.0% annual conversion rate divided across 12 months, then add the stated monthly rent. The same formula applies to your offer and to every comparable contract, and we compare your normalized cost against the median of the matched records. This is a comparison device, not a prediction of the legally permitted conversion rate or of future rent.
| Band | Threshold | Meaning |
|---|---|---|
| Below market | More than 10% below the median | The normalized burden is clearly below the matched median. |
| Fair | From 10% below through 10% above | The offer sits within the comparison band around the median. |
| Above market | Above 10% and through 25% above | Ask what property or contract differences explain the premium. |
| Significantly above | More than 25% above | The normalized burden is well above the matched median. |
| Insufficient data | Fewer than 3 matched records | No price band is assigned because the comparison set is too small. |
For a broader district view before checking one offer, browse official apartment transaction prices.
Official transaction data can show how reported terms compare, but it cannot tell you whether a home is suitable or a contract is safe. This tool does not inspect the property register, confirm the landlord, identify mortgages or other senior claims, calculate your deposit priority, review management fees, assess building condition, or read special contract clauses. Apartment-name matching can also include a similarly named complex or miss a spelling variant. Review the displayed evidence and verify the address before relying on the comparison. A low or fair rent result is not approval of the deposit risk. The tool separately checks a monthly-rent deposit against sale prices when data is available, but the register and contract still require independent review.
Wolse normally combines a refundable deposit with monthly rent. Different deposit and rent combinations can represent a similar economic burden, which is why this checker normalizes both parts before comparing offers.
Yes. The form and explanation are in English, and the underlying transactions are official Korean records. You still need the Korean apartment name and should confirm the exact complex and address.
We found fewer than three contracts after matching on apartment name and, when you gave one, size, even after looking back six months and widening the size range.
No. It only describes the offer relative to matched reported transactions. Check the owner, property register, senior claims, deposit protection steps, fees, and contract terms before signing.