Mifune Town: property prices and land values

御船町

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

Avg. residential land price
¥24K/m²
≈ $14/sq ft · 5 sites
#840 of 1795 municipalities in Japan
Avg. commercial land price
¥36K/m²
≈ $22/sq ft · 1 sites
1-year change
+2.4%
Residential +2.7% · commercial +0.8%
5 years / 10 years
+16.7% / +19.1%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥29.5M
≈ $188K · 8 sales
Real Estate Zukan Index
67/100
#503 in Japan
Total real estate value Estimate
¥95.9 billion
≈ $609.97M · land ¥57.8 billion + buildings ¥38.1 billion
#974 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

¥20K/m²¥25K/m²¥30K/m²¥35K/m²¥40K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+2.2% a year
¥24K/m²¥25K/m²¥26K/m²¥27K/m²¥30K/m²

Forecasts are projections, not guarantees. 10-year range: ¥25K/m²–¥36K/m²

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

Total value (market estimate)
¥95.9 billion
≈ $609.97M · 0.01% of Japan
Land (market estimate)
¥57.8 billion
residential land ¥52.3 billion
Buildings (assessed)
¥38.1 billion
9,531 buildings · 1.2 km² floor area
Assessed value (fixed-asset tax)
¥80.2 billion
land ¥42.1 billion · buildings ¥38.1 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥36.6 billion¥52.3 billion4.1 km²¥13K/m²
Other land
farmland, forest, other
¥5.5 billion¥5.5 billion37.3 km²—
Buildings
wooden ¥20.7 billion · non-wooden ¥17.5 billion
¥38.1 billion¥38.1 billion1.2 km² floor—
Total¥80.2 billion¥95.9 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.

Mifune Town compared with larger areas

AreaAvg. residential≈ USD/sq ftMifune Town is1 year5 yearsCondos per m²Index
Mifune Town ¥24K/m²$14/sq ft +2.4%+16.7% —67
Kumamoto ¥43K/m²$25/sq ft 0.57x+1.7%+8.4% ¥252K/m²66
Japan ¥120K/m²$71/sq ft 0.20x+2.1%+8.0% ¥494K/m²—

Neighborhoods 10 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
Oaza Hetami
辺田見
¥30K/m² — +3.2% +14.4% — 1
Oaza Ozaka
小坂
¥22K/m² — +2.3% +11.1% — 2
Oaza Mifune
御船
¥21K/m² ¥36K/m² +0.9% +2.9% — 1
Oaza Takaki
高木
¥18K/m² — +4.0% +14.6% — 7
Oaza Takio
滝尾
— — — — — 13
Oaza Kinokura
木倉
— — — — — 10
Oaza Takigawa
滝川
— — — — — 3
Oaza Mizukoshi
水越
— — — — — 1
Oaza Nanataki
七滝
— — — — — 1
Oaza Toyoaki
豊秋
— — — +66.7% — —

Official land price survey sites highest first · 7 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
熊本県 上益城郡御船町大字御船字下囲946番8
Land Price Publication 2026
Commercial¥36K/m²$22/sq ft +0.8%南熊本
13.0 km
熊本県 上益城郡御船町大字辺田見字目抜76番15
Land Price Publication 2026
Residential¥33K/m²$20/sq ft +4.1%南熊本
13.0 km
熊本県 上益城郡御船町大字辺田見字山下712番10
Prefectural Survey 2026
Residential¥27K/m²$16/sq ft +2.3%中規模一般住宅が多い区画整然とした既成住宅地域
熊本県 上益城郡御船町大字小坂字免ノ鼻2224番20
Prefectural Survey 2026
Residential¥22K/m²$13/sq ft +2.3%中規模一般住宅が建ち並ぶ郊外の住宅地域
熊本県 上益城郡御船町大字御船字町園742番3
Land Price Publication 2026
Residential¥21K/m²$13/sq ft +0.9%南熊本
14.0 km
熊本県 上益城郡御船町大字豊秋字前田753番
Prefectural Survey 2026
Industrial¥19K/m²$11/sq ft +11.1%県道沿いの田畑の広がる中に中小工場が点在する地域
熊本県 上益城郡御船町大字高木字上原1971番11
Prefectural Survey 2026
Residential¥18K/m²$11/sq ft +4.0%中規模一般住宅が多い区画整然とした既成住宅地域

Transaction prices MLIT Real Estate Information Library · last 2 years · 39 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥29.5M
Land per m² (median)
¥36K/m²

Sales in the loaded period: Land 74 · Farmland 52 · Land & building 52 · Forest 31

DistrictPeriodTypePriceAreaBuiltPer m²
Oaza TakioQ2 2026Forest ¥1.1M8,888 m²——
Oaza HetamiQ2 2026Land ¥10.0M230 m²—¥44K/m²
Oaza TakakiQ2 2026Forest ¥160K1,600 m²——
Oaza TakakiQ2 2026Land & building ¥29.0M280 m²2022—
Oaza TakigawaQ2 2026Land ¥12.0M220 m²—¥57K/m²
Oaza MizukoshiQ1 2026Land & building ¥1.1M1,000 m²——
Oaza TakioQ1 2026Farmland ¥80K350 m²——
Oaza TakioQ1 2026Forest ¥230K1,200 m²——
Oaza TakioQ1 2026Farmland ¥53K350 m²——
Oaza TakioQ1 2026Farmland ¥65K200 m²——
Oaza TakioQ1 2026Farmland ¥62K230 m²——
Oaza TakioQ1 2026Forest ¥24K150 m²——
Oaza TakioQ1 2026Forest ¥420K760 m²——
Oaza TakioQ1 2026Forest ¥110K350 m²——
Oaza TakioQ1 2026Farmland ¥240K980 m²——
Oaza TakioQ1 2026Forest ¥68K230 m²——
Oaza TakioQ1 2026Forest ¥140K490 m²——
Oaza TakakiQ1 2026Forest ¥43K430 m²——
Oaza TakakiQ1 2026Land & building ¥12.0M1,000 m²1993—
Oaza OzakaQ1 2026Farmland ¥200K200 m²——

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

Market activity
36
1-year growth
80
5-year growth
87
10-year growth
84
Price level
53

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 Mifune Town?

The average price of residential land in Mifune Town is ¥24,400 per m² (about ¥80,661 per tsubo), based on 5 sites in the official land price surveys (2026).

Are land prices in Mifune Town going up?

Land prices in Mifune Town have risen by +2.4% on average over the past year. Over five years the change is +16.7%.

What is the land price forecast for Mifune Town?

The Fudosan Zukan model projects residential land prices to change by +2.2% a year, reaching about ¥30,287 per m² in 10 years (range ¥24,835–¥35,739). Forecasts are projections, not guarantees.

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

About ¥95.9 billion: land ¥57.8 billion and buildings ¥38.1 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥80.2 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.