明石町, Chuo Ward, Kobe City: property prices and land values

明石町(中央区)

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

Avg. residential land price
No data
Avg. commercial land price
¥4.29M/m²
≈ $2,524/sq ft · 1 sites
1-year change
+8.9%
Residential — · commercial +8.9%
5 years / 10 years
+24.7% / +163.2%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
No data
Real Estate Zukan Index
No data
Total real estate value Estimate
Coming soon

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¥1.00M/m²¥2.00M/m²¥3.00M/m²¥4.00M/m²¥5.00M/m²20062009201220152018202120242026
Commercial
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+3.8% a year
—¥4.45M/m²¥4.80M/m²¥5.17M/m²¥6.23M/m²

Forecasts are projections, not guarantees. 10-year range: ¥5.11M/m²–¥7.35M/m²

明石町, Chuo Ward, Kobe City compared with larger areas

AreaAvg. residential≈ USD/sq ft明石町, Chuo Ward, Kobe City is1 year5 yearsCondos per m²Index
明石町, Chuo Ward, Kobe City —— +8.9%+24.7% ——
Chuo Ward, Kobe City ¥386K/m²$227/sq ft +6.5%+21.1% ¥700K/m²94
Kobe City ¥184K/m²$108/sq ft +3.6%+14.2% ¥383K/m²—
Hyogo ¥138K/m²$81/sq ft +2.2%+7.9% ¥343K/m²81
Japan ¥120K/m²$70/sq ft +2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 1 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
兵庫県 神戸市中央区明石町47番
Land Price Publication 2026
Commercial¥4.29M/m²$2,524/sq ft +8.9%元町
400 m

Transaction prices

No data No transaction data for this area yet.

Nearby neighborhoods

FAQ

Are land prices in 明石町, Chuo Ward, Kobe City going up?

Land prices in 明石町, Chuo Ward, Kobe City have risen by +8.9% on average over the past year. Over five years the change is +24.7%.

What is the land price forecast for 明石町, Chuo Ward, Kobe City?

The Fudosan Zukan model projects residential land prices to change by +3.8% a year, reaching about ¥6,232,880 per m² in 10 years (range ¥5,110,962–¥7,354,798). Forecasts are projections, not guarantees.

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 ¥157.9 = $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.