Ofunato City: property prices and land values

大船渡市

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

Avg. residential land price
¥23K/m²
≈ $13/sq ft · 12 sites
#876 of 1795 municipalities in Japan
Avg. commercial land price
¥42K/m²
≈ $25/sq ft · 4 sites
1-year change
−2.0%
Residential −1.9% · commercial −2.1%
5 years / 10 years
−8.5% / −12.0%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
No data
Real Estate Zukan Index
29/100
#1289 in Japan
Total real estate value Estimate
¥207.0 billion
≈ $1.3B · land ¥131.9 billion + buildings ¥75.1 billion
#712 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/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
−1.2% a year
¥23K/m²¥23K/m²¥22K/m²¥21K/m²¥20K/m²

Forecasts are projections, not guarantees. 10-year range: ¥16K/m²–¥24K/m²

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

Total value (market estimate)
¥207.0 billion
≈ $1.3B · 0.01% of Japan
Land (market estimate)
¥131.9 billion
residential land ¥119.0 billion
Buildings (assessed)
¥75.1 billion
23,714 buildings · 3.0 km² floor area
Assessed value (fixed-asset tax)
¥171.3 billion
land ¥96.2 billion · buildings ¥75.1 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥83.3 billion¥119.0 billion8.8 km²¥14K/m²
Other land
farmland, forest, other
¥12.9 billion¥12.9 billion167.0 km²—
Buildings
wooden ¥40.0 billion · non-wooden ¥35.1 billion
¥75.1 billion¥75.1 billion3.0 km² floor—
Total¥171.3 billion¥207.0 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.

Ofunato City compared with larger areas

AreaAvg. residential≈ USD/sq ftOfunato City is1 year5 yearsCondos per m²Index
Ofunato City ¥23K/m²$13/sq ft −2.0%−8.5% —29
Iwate ¥30K/m²$17/sq ft 0.77x−0.4%−1.3% —23
Japan ¥120K/m²$71/sq ft 0.19x+2.1%+8.0% ¥493K/m²—

Neighborhoods 9 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
猪川町
猪川町
¥35K/m² — −3.6% −11.0% — —
大船渡町
大船渡町
¥34K/m² ¥47K/m² −1.9% −7.2% — —
立根町
立根町
¥31K/m² — −1.3% −4.6% — —
盛町
盛町
¥26K/m² ¥45K/m² −4.0% −10.2% — —
末崎町
末崎町
¥14K/m² — −3.5% −15.0% — —
赤崎町
赤崎町
¥8,890/m² ¥30K/m² +0.2% −6.6% — —
三陸町越喜来
三陸町越喜来
¥8,530/m² — −3.2% −9.7% — —
三陸町綾里
三陸町綾里
¥8,310/m² — +2.3% −2.0% — —
三陸町吉浜
三陸町吉浜
¥7,510/m² — −3.2% −12.9% — —

Official land price survey sites highest first · 17 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
岩手県 大船渡市大船渡町字野々田156番11外
Land Price Publication 2026
Commercial¥50K/m²$30/sq ft −1.6%BRT大船渡
440 m
岩手県 大船渡市盛町字内ノ目1番13
Prefectural Survey 2026
Commercial¥45K/m²$27/sq ft −4.0%低層小売店舗、飲食店等が建ち並ぶ商業地域
岩手県 大船渡市大船渡町字明神前3番19
Prefectural Survey 2026
Commercial¥43K/m²$26/sq ft −1.6%中小規模の店舗、事業所等が見られる国道沿いの商業地域
岩手県 大船渡市大船渡町字明神前11番14
Land Price Publication 2026
Residential¥38K/m²$23/sq ft −1.3%BRT大船渡
630 m
岩手県 大船渡市大船渡町字台15番19
Prefectural Survey 2026
Residential¥38K/m²$22/sq ft −3.3%一般住宅等が建ち並ぶ丘陵地の利便性の良い住宅地域
岩手県 大船渡市大船渡町字地ノ森38番20
Prefectural Survey 2026
Residential¥35K/m²$21/sq ft −2.2%中規模一般住宅が建ち並ぶ区画整然とした住宅地域
岩手県 大船渡市猪川町字前田5番5
Prefectural Survey 2026
Residential¥35K/m²$21/sq ft −3.6%中規模一般住宅、公共施設等が混在する住宅地域
岩手県 大船渡市立根町字中野25番2内
Land Price Publication 2026
Residential¥31K/m²$18/sq ft −1.3%BRT盛
3.5 km
岩手県 大船渡市赤崎町字沢田104番15外
Land Price Publication 2026
Commercial¥30K/m²$18/sq ft −1.3%BRT盛
1.4 km
岩手県 大船渡市盛町字宇津野沢12番15
Prefectural Survey 2026
Residential¥26K/m²$16/sq ft −4.0%国道背後に一般住宅が建ち並ぶ住宅地域
岩手県 大船渡市大船渡町字下平19番6
Land Price Publication 2026
Residential¥23K/m²$14/sq ft −1.3%BRT下船渡
780 m
岩手県 大船渡市盛町字二本枠14番8
Prefectural Survey 2026
Industrial¥15K/m²$9/sq ft −1.9%工場のほかに公共施設も見られる港に近い工業地域
岩手県 大船渡市末崎町字大田37番4
Prefectural Survey 2026
Residential¥14K/m²$8/sq ft −3.5%中規模一般住宅が多い丘陵地の区画整然とした住宅地域
岩手県 大船渡市赤崎町字鳥沢166番17
Prefectural Survey 2026
Residential¥8,890/m²$5/sq ft +1.6%中規模の一般住宅の中に空地が見られる漁港に近い住宅地域
岩手県 大船渡市三陸町越喜来字杉下97番4
Prefectural Survey 2026
Residential¥8,530/m²$5/sq ft −3.2%中規模一般住宅、漁家住宅等が混在する丘陵地の住宅地域
岩手県 大船渡市三陸町綾里字中曽根38番1
Prefectural Survey 2026
Residential¥8,310/m²$5/sq ft +2.3%中規模一般住宅、公共施設のほかに農地も見られる丘陵地の住宅地域
岩手県 大船渡市三陸町吉浜字沖田80番4
Prefectural Survey 2026
Residential¥7,510/m²$4/sq ft −3.2%一般住宅、小売店舗等が混在する丘陵地の住宅地域

Transaction prices

No data No transaction data for this area yet.

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

1-year growth
11
5-year growth
17
10-year growth
34
Price level
51

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 Ofunato City?

The average price of residential land in Ofunato City is ¥22,803 per m² (about ¥75,382 per tsubo), based on 12 sites in the official land price surveys (2026).

Are land prices in Ofunato City going up?

Land prices in Ofunato City have fallen by -2.0% on average over the past year. Over five years the change is -8.5%.

What is the land price forecast for Ofunato City?

The Fudosan Zukan model projects residential land prices to change by -1.2% a year, reaching about ¥20,109 per m² in 10 years (range ¥16,489–¥23,729). Forecasts are projections, not guarantees.

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

About ¥207.0 billion: land ¥131.9 billion and buildings ¥75.1 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥171.3 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.