In recent years, we have witnessed an increase in road subsidence accidents in urban areas, threatening the safety of citizens. Various road facilities, such as water and sewage pipes, and telecommunication facilities are buried under roads, and the aging of these facilities is one of the factors causing road subsidence. In particular, old sewer pipes are a primary cause of road subsidence. However, most maintenance work on such facilities is carried out based on how long ago they were buried underground, without considering the risk of road subsidence caused by them. Therefore, this study aims to present a reliable method to assess road subsidence risk that considers various sewer pipe specifications and the environment surrounding them. To derive the factors influencing subsidence, sewer pipes near the target region, where road subsidence occurs the most, were extracted to analyze the correlation between road subsidence, pipe integrity, and the surrounding environment. An effective analysis method was selected by comparing logistic regression analysis and AHP (Analytic Hierarchy Process) analysis, and a weighted road subsidence risk assessment method was proposed by evaluating the importance of factors affecting ground subsidence. Its applicability was examined by comparing actual road subsidence data and analyzing risk in a pilot study area to validate the reliability of the proposed methodology. The results showed that it was possible to make reliable predictions of road subsidence risk areas.