Hyogo: property prices and land values

兵庫県

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

Avg. residential land price
¥138K/m²
≈ $82/sq ft · 1359 sites
#6 of 47 prefectures
Avg. commercial land price
¥392K/m²
≈ $232/sq ft · 392 sites
1-year change
+2.2%
Residential +1.9% · commercial +3.6%
5 years / 10 years
+7.9% / +6.9%
Same sites, chained
Pre-owned condos per m²
¥343K/m²
70 m² ≈ ¥24.0M · 13472 sales
Pre-owned houses (median)
¥25.0M
≈ $159K · 14435 sales
Real Estate Zukan Index
81/100
Total real estate value Estimate
¥54.8 trillion
≈ $348.3B · land ¥40.7 trillion + buildings ¥14.0 trillion
#7 of 47 prefectures

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

¥100K/m²¥200K/m²¥300K/m²¥400K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+1.3% a year
¥138K/m²¥140K/m²¥143K/m²¥147K/m²¥157K/m²

Forecasts are projections, not guarantees. 10-year range: ¥129K/m²–¥185K/m²

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

Total value (market estimate)
¥54.8 trillion
≈ $348.3B · 3.9% of Japan
Land (market estimate)
¥40.7 trillion
residential land ¥38.7 trillion
Buildings (assessed)
¥14.0 trillion
2,312,176 buildings · 380.2 km² floor area
Assessed value (fixed-asset tax)
¥43.2 trillion
land ¥29.1 trillion · buildings ¥14.0 trillion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥27.1 trillion¥38.7 trillion592.2 km²¥65K/m²
Other land
farmland, forest, other
¥2.0 trillion¥2.0 trillion3,345.7 km²—
Buildings
wooden ¥3.8 trillion · non-wooden ¥10.2 trillion
¥14.0 trillion¥14.0 trillion380.2 km² floor—
Total¥43.2 trillion¥54.8 trillion

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.

Hyogo compared with larger areas

AreaAvg. residential≈ USD/sq ftHyogo is1 year5 yearsCondos per m²Index
Hyogo ¥138K/m²$82/sq ft +2.2%+7.9% ¥343K/m²81
Japan ¥120K/m²$71/sq ft 1.2x+2.1%+8.0% ¥493K/m²—

Municipalities 41 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²SalesTotal value
Kobe City
神戸市
¥184K/m² ¥873K/m² +3.6% +14.2% ¥383K/m² 11,177 ¥17.1 trillion
Himeji City
姫路市
¥68K/m² ¥205K/m² +0.5% +0.8% ¥167K/m² 2,442 ¥5.0 trillion
Amagasaki City
尼崎市
¥209K/m² ¥437K/m² +3.3% +16.5% ¥400K/m² 2,845 ¥5.4 trillion
Akashi City
明石市
¥118K/m² ¥229K/m² +5.0% +20.8% ¥215K/m² 2,106 ¥2.5 trillion
Nishinomiya City
西宮市
¥293K/m² ¥592K/m² +4.3% +16.0% ¥462K/m² 3,158 ¥6.4 trillion
Sumoto City
洲本市
¥32K/m² ¥68K/m² −0.5% −7.7% ¥80K/m² 145 ¥274.4 billion
Ashiya City
芦屋市
¥401K/m² ¥810K/m² +5.2% +21.2% ¥425K/m² 846 ¥1.7 trillion
Itami City
伊丹市
¥199K/m² ¥298K/m² +3.7% +14.8% ¥324K/m² 1,154 ¥2.2 trillion
Aioi City
相生市
¥40K/m² ¥60K/m² −0.2% −2.2% — 116 ¥193.4 billion
Toyooka City
豊岡市
¥29K/m² ¥85K/m² −0.7% −4.7% ¥43K/m² 216 ¥474.5 billion
Kakogawa City
加古川市
¥78K/m² ¥161K/m² +1.5% +4.7% ¥138K/m² 1,342 ¥2.1 trillion
Ako City
赤穂市
¥41K/m² ¥76K/m² −1.8% −7.9% ¥222K/m² 181 ¥422.2 billion
Nishiwaki City
西脇市
¥19K/m² ¥52K/m² −0.5% −3.3% ¥109K/m² 152 ¥236.3 billion
Takarazuka City
宝塚市
¥166K/m² ¥327K/m² +2.6% +9.6% ¥278K/m² 1,755 ¥2.4 trillion
Miki City
三木市
¥30K/m² ¥62K/m² +0.4% +1.1% ¥50K/m² 384 ¥574.5 billion
Takasago City
高砂市
¥63K/m² ¥90K/m² +0.5% +2.3% ¥117K/m² 356 ¥879.1 billion
Kawanishi City
川西市
¥99K/m² ¥253K/m² +2.6% +9.5% ¥228K/m² 1,190 ¥1.2 trillion
Ono City
小野市
¥37K/m² ¥65K/m² +0.5% +3.1% — 165 ¥390.7 billion
Sanda City
三田市
¥55K/m² ¥139K/m² +1.3% +2.4% ¥188K/m² 635 ¥843.3 billion
Kasai City
加西市
¥29K/m² ¥50K/m² −0.3% −0.5% — 155 ¥343.0 billion
Tamba Sasayama City
丹波篠山市
¥19K/m² ¥44K/m² −0.2% −1.6% — 177 ¥245.2 billion
Yabu City
養父市
¥18K/m² ¥29K/m² −0.9% −7.7% — 64 ¥99.6 billion
Tanba City
丹波市
¥15K/m² ¥30K/m² −0.6% −3.4% — 261 ¥346.6 billion
Minamiawaji City
南あわじ市
¥22K/m² ¥40K/m² −0.9% −8.8% — 149 ¥259.8 billion
Asago City
朝来市
¥22K/m² ¥40K/m² −0.6% −4.9% — 119 ¥169.4 billion
Awaji City
淡路市
¥29K/m² ¥48K/m² +2.9% +4.0% ¥120K/m² 162 ¥251.0 billion
Shiso City
宍粟市
¥21K/m² ¥51K/m² −1.3% −9.0% — 130 ¥209.1 billion
Kato City
加東市
¥27K/m² ¥58K/m² +0.4% +1.0% — 158 ¥338.7 billion
Tatsuno City
たつの市
¥40K/m² ¥65K/m² +0.2% ±0.0% — 271 ¥548.8 billion
Inagawa Town
猪名川町
¥42K/m² ¥82K/m² +0.5% ±0.0% ¥102K/m² 148 ¥213.1 billion
Taka Town
多可町
¥8,721/m² ¥17K/m² −0.7% −4.0% — 54 ¥80.3 billion
Inami Town
稲美町
¥44K/m² ¥77K/m² +0.2% +0.3% — 92 ¥227.9 billion
Harima Town
播磨町
¥84K/m² ¥99K/m² +3.1% +10.2% ¥129K/m² 151 ¥337.1 billion
Ichikawa Town
市川町
¥9,533/m² ¥40K/m² −1.4% −8.3% — 20 ¥56.0 billion
Fukusaki Town
福崎町
¥38K/m² ¥76K/m² −0.4% +0.7% — 45 ¥177.8 billion
Kamikawa Town
神河町
¥8,950/m² ¥32K/m² −1.2% −7.4% — 20 ¥51.0 billion
Taishi Town
太子町
¥57K/m² ¥80K/m² +0.8% +3.1% — 138 ¥249.2 billion
Kamigori Town
上郡町
¥17K/m² ¥36K/m² −1.8% −11.8% — 82 ¥100.5 billion
Sayo Town
佐用町
¥12K/m² ¥31K/m² −1.2% −9.3% — 549 ¥89.2 billion
Kami Town
香美町
¥15K/m² ¥37K/m² −1.9% −13.5% — 39 ¥69.7 billion
Shin-onsen Town
新温泉町
¥20K/m² ¥43K/m² −1.7% −11.9% — 30 ¥57.6 billion

Official land price survey sites highest first · 60 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
兵庫県 神戸市中央区三宮町1丁目7番6外
Prefectural Survey 2026
Commercial¥8.45M/m²$4,992/sq ft +10.5%中高層の店舗ビル等が建ち並ぶ中心的商業地域
兵庫県 神戸市中央区三宮町1丁目7番6外
Land Price Publication 2026
Commercial¥8.00M/m²$4,726/sq ft +9.6%三ノ宮
170 m
兵庫県 神戸市中央区磯上通8丁目329番
Land Price Publication 2026
Commercial¥4.59M/m²$2,712/sq ft +11.4%三ノ宮
340 m
兵庫県 神戸市中央区明石町47番
Land Price Publication 2026
Commercial¥4.29M/m²$2,535/sq ft +8.9%元町
400 m
兵庫県 神戸市中央区元町通1丁目11番20
Prefectural Survey 2026
Commercial¥3.70M/m²$2,186/sq ft +11.1%中高層店舗ビル等が建ち並ぶ駅前の商業地域
兵庫県 神戸市中央区京町79番
Prefectural Survey 2026
Commercial¥3.15M/m²$1,861/sq ft +6.4%中高層の事務所ビル等が建ち並ぶ商業地域
兵庫県 神戸市中央区八幡通4丁目333番外
Prefectural Survey 2026
Commercial¥3.05M/m²$1,802/sq ft +8.9%中高層の事務所ビルが多い幹線道路沿いの商業地域
兵庫県 神戸市中央区京町79番
Land Price Publication 2026
Commercial¥3.05M/m²$1,802/sq ft +5.9%三ノ宮
650 m
兵庫県 神戸市中央区加納町3丁目1番34外
Prefectural Survey 2026
Commercial¥2.45M/m²$1,447/sq ft +7.5%中高層の店舗併用マンション等が建ち並ぶ商業地域
兵庫県 神戸市中央区栄町通1丁目1番13外
Prefectural Survey 2026
Commercial¥1.84M/m²$1,087/sq ft +9.5%中高層の事務所ビルが建ち並ぶ商業地域
兵庫県 姫路市駅前町252番
Land Price Publication 2026
Commercial¥1.66M/m²$981/sq ft +1.8%姫路
200 m
兵庫県 神戸市中央区北長狭通3丁目1番18外
Prefectural Survey 2026
Commercial¥1.61M/m²$951/sq ft +9.5%中高層の店舗、事務所ビル等が建ち並ぶ商業地域
兵庫県 神戸市中央区北長狭通3丁目1番18外
Land Price Publication 2026
Commercial¥1.54M/m²$910/sq ft +10.0%元町
250 m
兵庫県 西宮市高松町541番外
Prefectural Survey 2026
Commercial¥1.50M/m²$886/sq ft +11.1%中高層の店舗、事務所ビルが建ち並ぶ商業地域
兵庫県 姫路市駅前町267番
Prefectural Survey 2026
Commercial¥1.43M/m²$845/sq ft +0.7%小売店舗、飲食店等が見られる繁華性の高い中心的商業地域
兵庫県 西宮市高松町541番外
Land Price Publication 2026
Commercial¥1.40M/m²$827/sq ft +11.1%西宮北口
160 m
兵庫県 神戸市中央区中山手通1丁目4番16
Land Price Publication 2026
Commercial¥1.38M/m²$815/sq ft +8.7%三ノ宮
350 m
兵庫県 神戸市中央区元町通3丁目9番4
Land Price Publication 2026
Commercial¥1.24M/m²$733/sq ft +6.9%元町
180 m
兵庫県 神戸市中央区中山手通2丁目1番21外
Land Price Publication 2026
Commercial¥1.18M/m²$697/sq ft +7.3%三ノ宮
550 m
兵庫県 神戸市中央区下山手通5丁目12番11
Land Price Publication 2026
Commercial¥1.13M/m²$668/sq ft +7.6%県庁前
110 m
兵庫県 芦屋市船戸町38番3
Land Price Publication 2026
Commercial¥1.10M/m²$650/sq ft +10.0%芦屋
300 m
兵庫県 神戸市中央区下山手通3丁目6番7外
Land Price Publication 2026
Commercial¥1.07M/m²$632/sq ft +8.1%元町
250 m
兵庫県 神戸市中央区加納町4丁目8番18外
Land Price Publication 2026
Commercial¥1.06M/m²$626/sq ft +8.3%三ノ宮
450 m
兵庫県 芦屋市業平町13番
Prefectural Survey 2026
Commercial¥1.05M/m²$620/sq ft +12.9%中層の店舗・事務所ビルが建ち並ぶ路線商業地域
兵庫県 神戸市中央区八幡通3丁目308番
Land Price Publication 2026
Commercial¥1.01M/m²$597/sq ft +9.0%三ノ宮
580 m
兵庫県 芦屋市業平町34番1
Land Price Publication 2026
Commercial¥1.00M/m²$591/sq ft +12.6%芦屋
130 m
兵庫県 神戸市中央区御幸通5丁目316番
Land Price Publication 2026
Commercial¥995K/m²$588/sq ft +9.0%三ノ宮
470 m
兵庫県 尼崎市潮江1丁目814番外
Prefectural Survey 2026
Commercial¥966K/m²$571/sq ft +10.0%高層店舗・事務所ビルが建ち並ぶ商業地域
兵庫県 尼崎市潮江1丁目814番外
Land Price Publication 2026
Commercial¥940K/m²$555/sq ft +9.9%尼崎
270 m
兵庫県 芦屋市公光町54番4外
Prefectural Survey 2026
Commercial¥925K/m²$546/sq ft +10.1%銀行、店舗兼共同住宅等が存する駅前の商業地域
兵庫県 神戸市中央区多聞通3丁目3番18
Prefectural Survey 2026
Commercial¥918K/m²$542/sq ft +8.0%中高層の店舗、事務所ビルが多い駅前商業地域
兵庫県 神戸市東灘区岡本1丁目64番3
Land Price Publication 2026
Commercial¥873K/m²$516/sq ft +5.4%岡本
150 m
兵庫県 芦屋市船戸町15番
Land Price Publication 2026
Residential¥815K/m²$482/sq ft +7.2%芦屋
550 m
兵庫県 芦屋市大原町75番2
Prefectural Survey 2026
Residential¥805K/m²$476/sq ft +7.3%中規模一般住宅が建ち並ぶ住宅地域
兵庫県 神戸市灘区森後町2丁目2番2外
Land Price Publication 2026
Commercial¥796K/m²$470/sq ft +5.9%六甲道
300 m
兵庫県 神戸市中央区元町通6丁目1番8
Land Price Publication 2026
Commercial¥768K/m²$454/sq ft +5.1%西元町
200 m
兵庫県 西宮市和上町19番1
Land Price Publication 2026
Commercial¥760K/m²$449/sq ft +11.1%阪神西宮
190 m
兵庫県 西宮市羽衣町167番
Prefectural Survey 2026
Commercial¥758K/m²$448/sq ft +8.0%中層ビルが建ち並ぶ駅前商業地域
兵庫県 尼崎市長洲本通1丁目35番1
Prefectural Survey 2026
Commercial¥736K/m²$435/sq ft +7.4%中高層の店舗兼共同住宅や店舗兼事務所ビル等が建ち並ぶ商業地域
兵庫県 神戸市東灘区田中町1丁目34番3
Prefectural Survey 2026
Commercial¥730K/m²$431/sq ft +7.4%店舗、事務所、マンション等が混在する駅近くの商業地域
兵庫県 神戸市中央区花隈町33番6外
Prefectural Survey 2026
Commercial¥728K/m²$430/sq ft +5.1%中高層の店舗、事務所、マンション等が連たんする商業地域
兵庫県 神戸市東灘区住吉宮町4丁目23番
Prefectural Survey 2026
Commercial¥723K/m²$427/sq ft +9.5%中高層の店舗、マンションが建ち並ぶ商業地域
兵庫県 神戸市東灘区御影郡家2丁目305番6
Prefectural Survey 2026
Residential¥720K/m²$425/sq ft ±0.0%一般住宅、マンション等が多い閑静な住宅地域
兵庫県 尼崎市神田北通1丁目7番1外
Land Price Publication 2026
Commercial¥695K/m²$411/sq ft +6.9%阪神尼崎
200 m
兵庫県 神戸市東灘区御影郡家2丁目305番6
Land Price Publication 2026
Residential¥695K/m²$411/sq ft +7.8%阪急御影
330 m
兵庫県 川西市中央町143番1外
Land Price Publication 2026
Commercial¥675K/m²$399/sq ft +5.5%川西能勢口
兵庫県 神戸市中央区山本通1丁目6番17
Land Price Publication 2026
Residential¥664K/m²$392/sq ft +5.9%三ノ宮
800 m
兵庫県 神戸市中央区下山手通2丁目12番29外
Land Price Publication 2026
Commercial¥663K/m²$392/sq ft +6.6%三ノ宮
630 m
兵庫県 姫路市白銀町43番外
Prefectural Survey 2026
Commercial¥660K/m²$390/sq ft +1.5%中高層の事務所、店舗ビルが建ち並ぶ商業地域
兵庫県 芦屋市月若町2番1
Land Price Publication 2026
Commercial¥653K/m²$386/sq ft +5.3%芦屋川
兵庫県 神戸市東灘区岡本2丁目18番1
Land Price Publication 2026
Residential¥651K/m²$385/sq ft +4.2%岡本
380 m
兵庫県 神戸市灘区友田町2丁目7番23
Prefectural Survey 2026
Commercial¥650K/m²$384/sq ft +9.8%店舗併用住宅が多い国道沿いの商業地域
兵庫県 神戸市兵庫区水木通1丁目4番37
Land Price Publication 2026
Commercial¥640K/m²$378/sq ft +7.2%新開地
兵庫県 神戸市東灘区甲南町3丁目320番4
Land Price Publication 2026
Commercial¥634K/m²$375/sq ft +8.4%摂津本山
700 m
兵庫県 神戸市中央区海岸通1丁目2番24
Land Price Publication 2026
Commercial¥631K/m²$373/sq ft +5.0%元町
430 m
兵庫県 神戸市東灘区岡本9丁目13番6
Prefectural Survey 2026
Residential¥625K/m²$369/sq ft +4.2%中規模の一般住宅が多い住宅地域
兵庫県 神戸市東灘区御影本町4丁目654番
Land Price Publication 2026
Commercial¥623K/m²$368/sq ft +7.4%阪神御影
90 m
兵庫県 神戸市東灘区住吉本町1丁目323番5外
Land Price Publication 2026
Commercial¥621K/m²$367/sq ft +6.3%住吉
240 m
兵庫県 神戸市東灘区御影中町3丁目993番1
Prefectural Survey 2026
Commercial¥619K/m²$366/sq ft +7.7%中小規模の中層店舗、雑居ビル等が多い駅至近の近隣商業地域
兵庫県 西宮市田中町67番
Land Price Publication 2026
Commercial¥611K/m²$361/sq ft +8.1%阪神西宮
250 m

Transaction prices MLIT Real Estate Information Library · last 2 years · 33,379 sales

Condos per m² (median)
¥343K/m²
Condo price (median)
¥22.0M
Land & building (median)
¥25.0M
Land per m² (median)
¥79K/m²

Sales in the loaded period: Land & building 25,186 · Pre-owned condo 23,515 · Land 7,878 · Farmland 1,470 · Forest 1,420

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

Market activity
84
1-year growth
83
5-year growth
72
10-year growth
70
Price level
89
Condo price level
81

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

FAQ

What is the average land price in Hyogo?

The average price of residential land in Hyogo is ¥138,030 per m² (about ¥456,298 per tsubo), based on 1359 sites in the official land price surveys (2026).

Are land prices in Hyogo going up?

Land prices in Hyogo have risen by +2.2% on average over the past year. Over five years the change is +7.9%.

How much do pre-owned condos cost in Hyogo?

The median price of pre-owned condo transactions in the last two years is ¥342,857 per m², with a median price of ¥22.0 million (13472 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Hyogo?

The Fudosan Zukan model projects residential land prices to change by +1.3% a year, reaching about ¥157,012 per m² in 10 years (range ¥128,750–¥185,274). Forecasts are projections, not guarantees.

What is the total value of real estate in Hyogo?

About ¥54.8 trillion: land ¥40.7 trillion and buildings ¥14.0 trillion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥43.2 trillion).

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.