Gero City: property prices and land values

下呂市

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

Avg. residential land price
¥15K/m²
≈ $9/sq ft · 7 sites
#1193 of 1795 municipalities in Japan
Avg. commercial land price
¥45K/m²
≈ $26/sq ft · 5 sites
1-year change
−0.8%
Residential −1.5% · commercial ±0.0%
5 years / 10 years
−8.2% / −20.1%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥3.5M
≈ $22K · 21 sales
Real Estate Zukan Index
31/100
#1251 in Japan
Total real estate value Estimate
¥164.7 billion
≈ $1.0B · land ¥96.6 billion + buildings ¥68.1 billion
#792 of 1719 municipalities

Map official land price survey sites

Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.

Price trend and forecast average chained from the same survey sites

¥0/m²¥20K/m²¥40K/m²¥60K/m²¥80K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
−1.2% a year
¥15K/m²¥15K/m²¥14K/m²¥14K/m²¥13K/m²

Forecasts are projections, not guarantees. 10-year range: ¥11K/m²–¥15K/m²

Total real estate value of Gero City land and buildings · estimated from FY2025 assessed values for fixed-asset tax

Total value (market estimate)
¥164.7 billion
≈ $1.0B · 0.01% of Japan
Land (market estimate)
¥96.6 billion
residential land ¥79.9 billion
Buildings (assessed)
¥68.1 billion
29,726 buildings · 3.6 km² floor area
Assessed value (fixed-asset tax)
¥140.7 billion
land ¥72.6 billion · buildings ¥68.1 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥56.0 billion¥79.9 billion7.8 km²¥10K/m²
Other land
farmland, forest, other
¥16.7 billion¥16.7 billion433.7 km²—
Buildings
wooden ¥31.6 billion · non-wooden ¥36.5 billion
¥68.1 billion¥68.1 billion3.6 km² floor—
Total¥140.7 billion¥164.7 billion

Market estimate: residential land is assessed at about 70% of official land prices, so its assessed value is divided by 0.7; other land and buildings are shown at assessed value. Tax-exempt land and buildings (roads, parks, etc.) are not included. Source: Ministry of Internal Affairs and Communications, survey of fixed-asset values (FY2025, by municipality), compiled by Fudosan Zukan.

Gero City compared with larger areas

AreaAvg. residential≈ USD/sq ftGero City is1 year5 yearsCondos per m²Index
Gero City ¥15K/m²$9/sq ft −0.8%−8.2% —31
Gifu ¥40K/m²$24/sq ft 0.37x−0.1%−2.0% ¥212K/m²36
Japan ¥120K/m²$71/sq ft 0.12x+2.1%+8.0% ¥494K/m²—

Neighborhoods 37 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
Ogawa
小川
¥28K/m² — −1.1% −8.2% — 2
Mori
森
¥22K/m² ¥54K/m² +0.1% −3.1% — 5
Hagiwarachohagiwara
萩原町萩原
¥21K/m² ¥28K/m² −0.6% −10.3% — 3
Osakachooshima
小坂町大島
¥16K/m² — −1.8% −11.4% — —
Miyaji
宮地
¥6,350/m² — −3.3% −15.9% — —
馬瀬中切
馬瀬中切
¥4,930/m² — −2.2% −9.5% — —
金山町祖師野
金山町祖師野
¥4,500/m² — −1.1% −14.6% — —
Osakachokadosaka
小坂町門坂
— — — — — 5
Hagiwarachowamura
萩原町上村
— — — — — 5
Hagiwarachonishiueda
萩原町西上田
— — — — — 4
Nojiri
野尻
— — — — — 3
Kanayamachoiwase
金山町岩瀬
— — — — — 3
Hagiwarachosakurabora
萩原町桜洞
— — — — — 3
Kanayamachohigashikutsube
金山町東沓部
— — — — — 3
Hagiwarachohanaike
萩原町花池
— — — — — 2
Kanayamachonakagiri
金山町中切
— — — — — 2
Mazenishimura
馬瀬西村
— — — — — 2
Hagiwarachomiyada
萩原町宮田
— — — — — 2
Hagiwarachohane
萩原町羽根
— — — −6.6% — 2
Osakachoosakamachi
小坂町小坂町
— — — — — 2
Osakachosakore
小坂町坂下
— — — — — 1
Kanayamachokanayama
金山町金山
— ¥17K/m² −1.2% — — 1
Hagiwarachojoro
萩原町上呂
— — — — — 1
Kanayamachosugatakirihora
金山町菅田桐洞
— — — — — 1
Kanayamachosugatasasahora
金山町菅田笹洞
— — — — — 1
Hagiwarachochuro
萩原町中呂
— — — — — 1
Natsuyake
夏焼
— — — — — 1
Mazesojima
馬瀬惣島
— — — — — 1
Wasa
和佐
— — — — — 1
Osakachoyuya
小坂町湯屋
— — — — — 1
Hagiwarachookahora
萩原町大ケ洞
— — — — — 1
Osakachoogaito
小坂町大垣内
— — — — — 1
Osakachonagase
小坂町長瀬
— — — — — 1
Mimayano
御厩野
— — — — — 1
Kanayamachotobe
金山町戸部
— — — — — 1
Yunoshima
湯之島
— ¥73K/m² +1.0% +0.8% — —
Koden
幸田
— ¥51K/m² +0.4% −1.7% — —

Official land price survey sites highest first · 13 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
岐阜県 下呂市湯之島字門田801番2外
Land Price Publication 2026
Commercial¥73K/m²$43/sq ft +1.0%下呂
550 m
岐阜県 下呂市森字折坂859番20外
Prefectural Survey 2026
Commercial¥54K/m²$32/sq ft +1.1%小売店舗、営業所等が建ち並ぶ商業地域
岐阜県 下呂市幸田字下小瀬1396番1外
Prefectural Survey 2026
Commercial¥51K/m²$30/sq ft +0.4%低層店舗が建ち並ぶ駅前の商業地域
岐阜県 下呂市小川字道添1065番2
Land Price Publication 2026
Residential¥28K/m²$17/sq ft −1.1%下呂
2.2 km
岐阜県 下呂市萩原町萩原字下屋鋪1012番3
Prefectural Survey 2026
Commercial¥28K/m²$16/sq ft −1.1%小売店舗、営業所等の建ち並ぶ駅前商店街
岐阜県 下呂市森字上垣内2613番1
Land Price Publication 2026
Residential¥22K/m²$13/sq ft −0.9%下呂
1.4 km
岐阜県 下呂市萩原町萩原字的場926番1
Prefectural Survey 2026
Residential¥21K/m²$13/sq ft ±0.0%中規模一般住宅が多いなかに農地も見られる住宅地域
岐阜県 下呂市金山町金山字桧杓柄2078番11外
Prefectural Survey 2026
Commercial¥17K/m²$10/sq ft −1.2%小売店舗、店舗兼用住宅等が建ち並ぶ既成商業地域
岐阜県 下呂市小坂町大島字塚中1746番1
Prefectural Survey 2026
Residential¥16K/m²$10/sq ft −1.8%一般住宅の中に店舗も見られる住宅地域
岐阜県 下呂市萩原町羽根字中瀬495番35外
Prefectural Survey 2026
Industrial¥7,330/m²$4/sq ft ±0.0%中小工場と一般住宅が混在し農地もある地域
岐阜県 下呂市宮地字岩本77番12外
Prefectural Survey 2026
Residential¥6,350/m²$4/sq ft −3.3%山間の一般住宅のほか、工場も混在する住宅地域
岐阜県 下呂市馬瀬中切字相津垣内1761番4外
Prefectural Survey 2026
Residential¥4,930/m²$3/sq ft −2.2%一般住宅のほか農地も多く見られる住宅地域
岐阜県 下呂市金山町祖師野字庭回津447番1外
Prefectural Survey 2026
Residential¥4,500/m²$3/sq ft −1.1%一般住宅のほか農地も見られる県道沿いの住宅地域

Transaction prices MLIT Real Estate Information Library · last 2 years · 63 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥3.5M
Land per m² (median)
¥6,450/m²

Sales in the loaded period: Forest 67 · Land & building 62 · Land 55 · Farmland 30

DistrictPeriodTypePriceAreaBuiltPer m²
OsakachosakoreQ2 2026Land ¥32.0M9,999 m²—¥12K/m²
OsakachokadosakaQ2 2026Forest ¥37K8,888 m²——
OsakachokadosakaQ2 2026Farmland ¥83K1,000 m²——
OsakachokadosakaQ2 2026Land & building ¥1.0M690 m²——
OsakachokadosakaQ2 2026Forest ¥7,400960 m²——
OsakachokadosakaQ2 2026Farmland ¥11K410 m²——
KanayamachotobeQ2 2026Forest ¥400K8,888 m²——
OsakachoosakamachiQ2 2026Land & building ¥1.0M190 m²1998—
OsakachoosakamachiQ2 2026Land & building ¥20.0M460 m²——
MimayanoQ2 2026Farmland ¥40K560 m²——
HagiwarachohanaikeQ2 2026Forest ¥17K760 m²——
KanayamachohigashikutsubeQ2 2026Land & building ¥3.5M500 m²——
HagiwarachomiyadaQ1 2026Land ¥880K120 m²—¥7,400/m²
HagiwarachomiyadaQ1 2026Land ¥740K120 m²—¥6,100/m²
KanayamachokanayamaQ1 2026Land & building ¥20.0M250 m²2021—
OsakachonagaseQ1 2026Land & building ¥7.0M9,999 m²1980—
OgawaQ1 2026Land & building ¥2.8M170 m²1958—
OgawaQ1 2026Land & building ¥3.0M510 m²1995—
MazenishimuraQ1 2026Forest ¥27K1,000 m²——
HagiwarachonishiuedaQ1 2026Land & building ¥16.0M350 m²1987—

Real Estate Zukan Index breakdown percentile within Japan (100 = highest)

Market activity
48
1-year growth
34
5-year growth
19
10-year growth
14
Price level
34

Population, income, rent, yield, transport and disaster risk will be added once sourced data is available. Methodology

Nearby areas

FAQ

What is the average land price in Gero City?

The average price of residential land in Gero City is ¥14,797 per m² (about ¥48,916 per tsubo), based on 7 sites in the official land price surveys (2026).

Are land prices in Gero City going up?

Land prices in Gero City have fallen by -0.8% on average over the past year. Over five years the change is -8.2%.

What is the land price forecast for Gero City?

The Fudosan Zukan model projects residential land prices to change by -1.2% a year, reaching about ¥13,121 per m² in 10 years (range ¥10,759–¥15,483). Forecasts are projections, not guarantees.

What is the total value of real estate in Gero City?

About ¥164.7 billion: land ¥96.6 billion and buildings ¥68.1 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥140.7 billion).

Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥157.25 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.