Subway station areas equipped with infrastructure facilities function as housing spatial areas, where have effects on facilitating 'work distance with employment centers' and public transportation. And, such areas become the focus of attention as an solution to urban housing supply. Actually, the demands of subway station areas-oriented urban development are steadily increasing. Despite a rising number of development demands of subway station areas and pertained legal provisions, objective standards on characteristics of subway station areas are not established, as yet. This research thesis selected as an indicator of potential housing development'. and this thesis classified the 'indicators of potential housing development' into the 'indicators of housing development enforcement' and indicators of housing development capacity'. This research thesis measured potential housing development of 250 subway station areas around seoul cities, with the use of added weighting and data of each indicator based on AHP. The analysis was conducted on the ranking of the development of subway station areas on the basis of measurement results of potential housing development along with the analysis on characteristics of subway station areas