Impact of Natural Hazards on Housing Price Inequality

This study examines the structural effects of increasingly frequent natural disasters on South Korea’s housing market. Using nationwide apartment transaction data and disaster damage records from 2022 to 2023, it empirically investigates how natural hazards influence housing price inequality and spatial segregation. The findings indicate that areas with greater disaster damage tend to experience lower apartment prices, accompanied by widening price disparities and increased inequality. However, the impact of disasters on spatial segregation was not statistically significant. These results suggest that natural disasters can deepen regional disparities and housing inequality beyond short-term price shifts. By providing a multi-layered, national-level quantitative analysis, this study offers policy insights for addressing structural inequality and strengthening the resilience of housing policies in disaster contexts.