Hakone Town: property prices and land values

箱根町

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

Avg. residential land price
¥36K/m²
≈ $21/sq ft · 8 sites
#637 of 1795 municipalities in Japan
Avg. commercial land price
¥301K/m²
≈ $178/sq ft · 5 sites
1-year change
+5.3%
Residential +4.5% · commercial +6.7%
5 years / 10 years
+14.6% / +7.2%
Same sites, chained
Pre-owned condos per m²
¥94K/m²
70 m² ≈ ¥6.6M · 168 sales
Pre-owned houses (median)
¥20.0M
≈ $127K · 40 sales
Real Estate Zukan Index
69/100
#455 in Japan
Total real estate value Estimate
¥362.3 billion
≈ $2.3B · land ¥195.9 billion + buildings ¥166.4 billion
#503 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¥100K/m²¥200K/m²¥300K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+2.4% a year
¥36K/m²¥37K/m²¥39K/m²¥40K/m²¥46K/m²

Forecasts are projections, not guarantees. 10-year range: ¥37K/m²–¥54K/m²

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

Total value (market estimate)
¥362.3 billion
≈ $2.3B · 0.03% of Japan
Land (market estimate)
¥195.9 billion
residential land ¥177.4 billion
Buildings (assessed)
¥166.4 billion
9,624 buildings · 2.8 km² floor area
Assessed value (fixed-asset tax)
¥309.1 billion
land ¥142.6 billion · buildings ¥166.4 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥124.2 billion¥177.4 billion6.8 km²¥26K/m²
Other land
farmland, forest, other
¥18.5 billion¥18.5 billion23.3 km²—
Buildings
wooden ¥20.1 billion · non-wooden ¥146.3 billion
¥166.4 billion¥166.4 billion2.8 km² floor—
Total¥309.1 billion¥362.3 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.

Hakone Town compared with larger areas

AreaAvg. residential≈ USD/sq ftHakone Town is1 year5 yearsCondos per m²Index
Hakone Town ¥36K/m²$21/sq ft +5.3%+14.6% ¥94K/m²69
Kanagawa ¥218K/m²$129/sq ft 0.16x+4.2%+15.8% ¥520K/m²94
Japan ¥120K/m²$71/sq ft 0.30x+2.1%+8.0% ¥493K/m²—

Neighborhoods 15 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
Yumoto
湯本
¥68K/m² ¥414K/m² +5.3% +22.8% ¥414K/m² 9
Gora
強羅
¥68K/m² — +5.8% +19.9% ¥100K/m² 50
Sengokuhara
仙石原
¥28K/m² — +6.6% +13.5% ¥117K/m² 88
Miyagino
宮城野
¥27K/m² — +2.0% +3.8% — 10
Ninotaira
二ノ平
¥23K/m² — +8.4% +20.7% ¥93K/m² 24
Motohakone
元箱根
¥17K/m² ¥148K/m² +4.4% +10.5% — 5
Kowakudani
小涌谷
— — — — ¥54K/m² 30
Ashinoyu
芦之湯
— — — — — 5
Ohiradai
大平台
— — — — ¥107K/m² 6
Miyanoshita
宮ノ下
— ¥115K/m² +7.5% — — 3
Hakone
箱根
— — — — — 2
Kiga
木賀
— — — — — 3
Yumotochaya
湯本茶屋
— — — — ¥112K/m² 3
Hatajuku
畑宿
— — — — — 1
Sukumogawa
須雲川
— — — — — —

Official land price survey sites highest first · 13 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
神奈川県 足柄下郡箱根町湯本字白石下706番12外
Prefectural Survey 2026
Commercial¥584K/m²$345/sq ft +15.0%小売店舗、飲食店等が建ち並ぶ駅前の商業地域
神奈川県 足柄下郡箱根町湯本字白石下706番12外
Land Price Publication 2026
Commercial¥542K/m²$320/sq ft ±0.0%箱根湯本
50 m
神奈川県 足柄下郡箱根町元箱根字御殿6番8外
Land Price Publication 2026
Commercial¥148K/m²$87/sq ft +5.7%小涌谷
8.0 km
神奈川県 足柄下郡箱根町湯本字仲町455番2
Prefectural Survey 2026
Commercial¥116K/m²$69/sq ft +5.5%小売店舗、住宅、旅館等が混在する路線商業地域
神奈川県 足柄下郡箱根町宮ノ下字上ノ山379番外
Prefectural Survey 2026
Commercial¥115K/m²$68/sq ft +7.5%ホテル、店舗等が建ち並ぶ商業地域
神奈川県 足柄下郡箱根町湯本字山崎下102番6
Prefectural Survey 2026
Residential¥68K/m²$40/sq ft +0.9%住宅、アパート、事業所等が混在する住宅地域
神奈川県 足柄下郡箱根町強羅字向山1320番820
Prefectural Survey 2026
Residential¥68K/m²$40/sq ft +5.8%保養所、リゾートマンション等の多い住宅地域
神奈川県 足柄下郡箱根町宮城野字上河原879番5
Land Price Publication 2026
Residential¥34K/m²$20/sq ft ±0.0%強羅
2.1 km
神奈川県 足柄下郡箱根町仙石原字中筋212番2
Prefectural Survey 2026
Residential¥33K/m²$19/sq ft +3.1%住宅、アパート、事業所等が混在する住宅地域
神奈川県 足柄下郡箱根町仙石原字六郎兵衛1246番718
Prefectural Survey 2026
Residential¥24K/m²$14/sq ft +10.2%中規模の別荘、保養所等が混在する住宅地域
神奈川県 足柄下郡箱根町二ノ平字南長尾1297番199
Prefectural Survey 2026
Residential¥23K/m²$14/sq ft +8.4%別荘、宿泊施設等が建ち並ぶ住宅地域
神奈川県 足柄下郡箱根町宮城野字井戸久保1488番24
Land Price Publication 2026
Residential¥20K/m²$12/sq ft +4.1%強羅
3.1 km
神奈川県 足柄下郡箱根町元箱根字大芝90番104
Prefectural Survey 2026
Residential¥17K/m²$10/sq ft +3.1%中規模の別荘、保養所等が見られる住宅地域

Transaction prices MLIT Real Estate Information Library · last 2 years · 239 sales

Condos per m² (median)
¥94K/m²
Condo price (median)
¥6.0M
Land & building (median)
¥20.0M
Land per m² (median)
¥18K/m²

Sales in the loaded period: Pre-owned condo 283 · Land & building 82 · Land 53 · Forest 12

DistrictPeriodTypePriceAreaBuiltPer m²
NinotairaQ2 2026Pre-owned condo (contract) ¥7.6M70 m²1992¥109K/m²
GoraQ2 2026Pre-owned condo (contract) ¥9.0M80 m²1991¥112K/m²
GoraQ2 2026Pre-owned condo (contract) ¥4.0M50 m²1988¥80K/m²
GoraQ2 2026Pre-owned condo (contract) ¥3.5M95 m²1990¥37K/m²
MiyaginoQ2 2026Pre-owned condo (contract) ¥2.0M135 m²1991¥15K/m²
KowakudaniQ2 2026Pre-owned condo (contract) ¥1.8M65 m²1980¥28K/m²
KowakudaniQ2 2026Pre-owned condo (contract) ¥6.3M95 m²1981¥66K/m²
KowakudaniQ2 2026Pre-owned condo (contract) ¥4.8M65 m²1977¥74K/m²
KowakudaniQ2 2026Pre-owned condo (contract) ¥3.0M65 m²1981¥46K/m²
KowakudaniQ2 2026Pre-owned condo (contract) ¥1.9M65 m²1979¥29K/m²
KowakudaniQ2 2026Pre-owned condo (contract) ¥2.2M65 m²1979¥34K/m²
OhiradaiQ2 2026Pre-owned condo (contract) ¥8.0M75 m²1991¥107K/m²
AshinoyuQ2 2026Land ¥30K1,000 m²—¥30/m²
KigaQ2 2026Land & building (contract) ¥8.5M95 m²1969—
KigaQ2 2026Pre-owned condo (contract) ¥7.2M65 m²1991¥111K/m²
SengokuharaQ2 2026Pre-owned condo (contract) ¥4.0M100 m²1990¥40K/m²
SengokuharaQ2 2026Pre-owned condo (contract) ¥12.0M50 m²2001¥240K/m²
SengokuharaQ2 2026Pre-owned condo (contract) ¥12.0M60 m²1983¥200K/m²
SengokuharaQ2 2026Pre-owned condo (contract) ¥13.0M75 m²1993¥173K/m²
SengokuharaQ2 2026Pre-owned condo (contract) ¥7.5M60 m²1987¥125K/m²

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

Market activity
61
1-year growth
92
5-year growth
84
10-year growth
75
Price level
65
Condo price level
5

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 Hakone Town?

The average price of residential land in Hakone Town is ¥35,950 per m² (about ¥118,843 per tsubo), based on 8 sites in the official land price surveys (2026).

Are land prices in Hakone Town going up?

Land prices in Hakone Town have risen by +5.3% on average over the past year. Over five years the change is +14.6%.

How much do pre-owned condos cost in Hakone Town?

The median price of pre-owned condo transactions in the last two years is ¥93,750 per m², with a median price of ¥6.0 million (168 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Hakone Town?

The Fudosan Zukan model projects residential land prices to change by +2.4% a year, reaching about ¥45,609 per m² in 10 years (range ¥37,399–¥53,819). Forecasts are projections, not guarantees.

What is the total value of real estate in Hakone Town?

About ¥362.3 billion: land ¥195.9 billion and buildings ¥166.4 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥309.1 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.