If You Lived Here--Yeonnam (연남)

Yeonnam surprised me.

It's tiny geographically: 0.64 km². Yet:

• 8,216 households
• 14,630 population
• 12,838 households/km², highest in the Hongdae orbit
• 6.30% foreigner ratio, second only to Seogyo

It has by far the highest housing density--a genuinely compressed urban habitat.

But its housing does something unexpected:

• Median space (all lease types): 33㎡, joint largest
• Median and modal size band for wolse bucket: 30–40㎡ (Compact)

Along with Mangwon, that's the largest median housing in my Hongdae set.

Then here is something:

• Median wolse ER/㎡:  ₩28,125, lowest of the orbit
• But the median wolse ER: 875,000, 2nd highest of the orbit

That's fascinating.
Wolse space is relatively cheap here, but the typical total housing cost isn't.

And look at the median / modal Wolse size bucket for Hongdae:

• Yeonnam : 30–40㎡ / 30–40㎡
• Mangwon: 0–20㎡ / 0–20㎡
• Hapjeong: 0–20㎡ / 0–20㎡
• Seogyo: 20–30㎡ / 20–30㎡
• Seongsan: 0–20㎡ / 0–20㎡
• Seogang: 0–20㎡ / 0–20㎡

Yeonnam is the only one whose Wolse market centers on 30–40㎡.

So, this:
Yeonnam feels pricy, but comes with space.

Seogyo and Yeonnam are both where Hongdae's "create and play" people gather.
And their median Wolse ERs rank #1 and #2 in my six hoods.

But there's a clear difference:
Yeonnam seems more willing to ask you to carry that housing cost as deposit rather than monthly rent.

Especially at the same 20–30㎡ size, it has the highest deposit and lowest monthly rent of the six hoods.
Deposit is doing lots of work here.

Budongsan behavior is relatively normal:

• packaging 1.19, low
• listings/door 1.70, basically orbit median
• 20% fresh listings
• 10-day median listing age
• moderate office concentration

Normal play.

So there are really two things happening simultaneously in Yeonnam.

Space efficiency: excellent.
Upfront commitment: heavier.