Nishiki Town: property prices and land values

錦町

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

Avg. residential land price
¥7,423/m²
≈ $4/sq ft · 3 sites
#1556 of 1795 municipalities in Japan
Avg. commercial land price
¥14K/m²
≈ $8/sq ft · 1 sites
1-year change
+0.9%
Residential +0.8% · commercial +1.5%
5 years / 10 years
+1.6% / +0.1%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥12.0M
≈ $76K · 7 sales
Real Estate Zukan Index
45/100
#937 in Japan
Total real estate value Estimate
¥42.6 billion
≈ $269.63M · land ¥23.3 billion + buildings ¥19.3 billion
#1246 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

¥5,000/m²¥10K/m²¥15K/m²¥20K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+0.4% a year
¥7,423/m²¥7,454/m²¥7,516/m²¥7,579/m²¥7,737/m²

Forecasts are projections, not guarantees. 10-year range: ¥6,344/m²–¥9,130/m²

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

Total value (market estimate)
¥42.6 billion
≈ $269.63M · 0.00% of Japan
Land (market estimate)
¥23.3 billion
residential land ¥18.7 billion
Buildings (assessed)
¥19.3 billion
9,060 buildings · 1.0 km² floor area
Assessed value (fixed-asset tax)
¥37.0 billion
land ¥17.7 billion · buildings ¥19.3 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥13.1 billion¥18.7 billion4.2 km²¥4,493/m²
Other land
farmland, forest, other
¥4.6 billion¥4.6 billion34.8 km²—
Buildings
wooden ¥11.3 billion · non-wooden ¥8.0 billion
¥19.3 billion¥19.3 billion1.0 km² floor—
Total¥37.0 billion¥42.6 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.

Nishiki Town compared with larger areas

AreaAvg. residential≈ USD/sq ftNishiki Town is1 year5 yearsCondos per m²Index
Nishiki Town ¥7,423/m²$4/sq ft +0.9%+1.6% —45
Kumamoto ¥43K/m²$25/sq ft 0.17x+1.7%+8.4% ¥249K/m²66
Japan ¥120K/m²$70/sq ft 0.06x+2.1%+8.0% ¥493K/m²—

Neighborhoods 4 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
Oaza Nishi
西
¥10K/m² ¥14K/m² +2.2% +8.0% — 15
Oaza Ichibu
一武
¥7,450/m² — ±0.0% +0.3% — 14
木上東
木上東
¥4,420/m² — −0.7% −7.9% — —
Oaza Kinoe
木上
— — — — — 18

Official land price survey sites highest first · 5 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
熊本県 球磨郡錦町大字西字名次場3287番37
Prefectural Survey 2026
Commercial¥14K/m²$8/sq ft +1.5%国道沿線に店舗、営業所等が建ち並ぶ商業地域
熊本県 球磨郡錦町大字西字指杉3339番13
Prefectural Survey 2026
Residential¥10K/m²$6/sq ft +3.0%中規模一般住宅の中に農地が見られる利便性の良い住宅地域
熊本県 球磨郡錦町大字一武字新久保2136番10外
Prefectural Survey 2026
Residential¥7,450/m²$4/sq ft ±0.0%一般住宅、農家住宅のほか農地も見られる住宅地域
熊本県 球磨郡錦町大字一武字狩政下2605番13外
Prefectural Survey 2026
Industrial¥5,800/m²$3/sq ft +1.8%中規模の工場に住宅も混在する工業地域
熊本県 球磨郡錦町大字木上東字神倉5番1
Prefectural Survey 2026
Residential¥4,420/m²$3/sq ft −0.7%一般住宅、農家住宅のほか農地も見られる住宅地域

Transaction prices MLIT Real Estate Information Library · last 2 years · 47 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥12.0M
Land per m² (median)
¥4,500/m²

Sales in the loaded period: Farmland 48 · Land & building 18 · Forest 17 · Land 13

DistrictPeriodTypePriceAreaBuiltPer m²
Oaza IchibuQ2 2026Farmland ¥40K180 m²——
Oaza KinoeQ1 2026Farmland ¥960K2,400 m²——
Oaza KinoeQ1 2026Farmland ¥130K120 m²——
Oaza KinoeQ1 2026Farmland ¥240K340 m²——
Oaza KinoeQ1 2026Forest ¥2.2M1,400 m²——
Oaza KinoeQ1 2026Farmland ¥3.8M8,888 m²——
Oaza IchibuQ1 2026Farmland ¥500K1,400 m²——
Oaza NishiQ1 2026Farmland ¥560K145 m²——
Oaza KinoeQ4 2025Forest ¥200K1,300 m²——
Oaza IchibuQ4 2025Land & building ¥1.8M680 m²1961—
Oaza NishiQ4 2025Farmland ¥240K600 m²——
Oaza NishiQ4 2025Farmland ¥3.5M2,100 m²——
Oaza NishiQ4 2025Land ¥280K70 m²—¥3,900/m²
Oaza NishiQ3 2025Farmland ¥190K190 m²——
Oaza NishiQ3 2025Farmland ¥560K3,900 m²——
Oaza NishiQ3 2025Forest ¥350K680 m²——
Oaza NishiQ3 2025Land & building ¥27.0M510 m²2025—
Oaza KinoeQ3 2025Farmland ¥1.9M1,700 m²——
Oaza KinoeQ3 2025Farmland ¥5.3M4,000 m²——
Oaza KinoeQ3 2025Farmland ¥40K600 m²——

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

Market activity
23
1-year growth
71
5-year growth
65
10-year growth
66
Price level
13

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 Nishiki Town?

The average price of residential land in Nishiki Town is ¥7,423 per m² (about ¥24,539 per tsubo), based on 3 sites in the official land price surveys (2026).

Are land prices in Nishiki Town going up?

Land prices in Nishiki Town have risen by +0.9% on average over the past year. Over five years the change is +1.6%.

What is the land price forecast for Nishiki Town?

The Fudosan Zukan model projects residential land prices to change by +0.4% a year, reaching about ¥7,737 per m² in 10 years (range ¥6,344–¥9,130). Forecasts are projections, not guarantees.

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

About ¥42.6 billion: land ¥23.3 billion and buildings ¥19.3 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥37.0 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 ¥157.9 = $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.