Murata Town: property prices and land values

村田町

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

Avg. residential land price
¥10K/m²
≈ $6/sq ft · 5 sites
#1392 of 1795 municipalities in Japan
Avg. commercial land price
¥16K/m²
≈ $9/sq ft · 2 sites
1-year change
−1.6%
Residential −1.6% · commercial −1.5%
5 years / 10 years
−5.6% / −9.9%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
No data
Real Estate Zukan Index
25/100
#1387 in Japan
Total real estate value Estimate
¥60.4 billion
≈ $384.29M · land ¥37.8 billion + buildings ¥22.6 billion
#1131 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¥10K/m²¥20K/m²¥30K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
−0.9% a year
¥10K/m²¥10K/m²¥10K/m²¥9,837/m²¥9,406/m²

Forecasts are projections, not guarantees. 10-year range: ¥7,713/m²–¥11K/m²

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

Total value (market estimate)
¥60.4 billion
≈ $384.29M · 0.00% of Japan
Land (market estimate)
¥37.8 billion
residential land ¥31.3 billion
Buildings (assessed)
¥22.6 billion
9,722 buildings · 1.1 km² floor area
Assessed value (fixed-asset tax)
¥51.0 billion
land ¥28.4 billion · buildings ¥22.6 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥21.9 billion¥31.3 billion3.9 km²¥8,112/m²
Other land
farmland, forest, other
¥6.5 billion¥6.5 billion50.5 km²—
Buildings
wooden ¥11.1 billion · non-wooden ¥11.5 billion
¥22.6 billion¥22.6 billion1.1 km² floor—
Total¥51.0 billion¥60.4 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.

Murata Town compared with larger areas

AreaAvg. residential≈ USD/sq ftMurata Town is1 year5 yearsCondos per m²Index
Murata Town ¥10K/m²$6/sq ft −1.6%−5.6% —25
Miyagi ¥77K/m²$45/sq ft 0.13x+2.2%+15.4% —83
Japan ¥120K/m²$71/sq ft 0.09x+2.1%+8.0% ¥493K/m²—

Neighborhoods 4 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
村田
村田
¥13K/m² ¥16K/m² −1.5% −4.4% — —
小泉
小泉
¥10K/m² — −0.9% −4.5% — —
沼辺
沼辺
¥8,800/m² — −2.0% −11.1% — —
菅生
菅生
¥5,640/m² — −2.4% −6.3% — —

Official land price survey sites highest first · 8 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
宮城県 柴田郡村田町大字村田字大槻下67番1
Land Price Publication 2026
Commercial¥17K/m²$10/sq ft −1.2%大河原
9.0 km
宮城県 柴田郡村田町大字村田字町156番
Prefectural Survey 2026
Commercial¥15K/m²$9/sq ft −1.9%店舗併用住宅が建ち並ぶ旧来からの商業地域
宮城県 柴田郡村田町大字村田字松崎43番
Prefectural Survey 2026
Residential¥14K/m²$8/sq ft −2.1%県道沿いに一般住宅、低層店舗等が建ち並ぶ混在地域
宮城県 柴田郡村田町大字村田字杉ノ内1番34
Land Price Publication 2026
Residential¥13K/m²$8/sq ft −0.8%大河原
9.0 km
宮城県 柴田郡村田町大字小泉字沖田前53番9
Land Price Publication 2026
Residential¥10K/m²$6/sq ft −0.9%大河原
7.0 km
宮城県 柴田郡村田町大字村田字西ケ丘21番
Prefectural Survey 2026
Industrial¥9,000/m²$5/sq ft ±0.0%中小工場、倉庫等が建ち並ぶ工業地域
宮城県 柴田郡村田町大字沼辺字寄井47番4
Prefectural Survey 2026
Residential¥8,800/m²$5/sq ft −2.0%一般住宅を主体とし、農家住宅、共同住宅の混在もみられる住宅地域
宮城県 柴田郡村田町大字菅生字鍛治谷134番
Prefectural Survey 2026
Residential¥5,640/m²$3/sq ft −2.4%農家住宅が散在する農家集落地域

Transaction prices

No data No transaction data for this area yet.

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

1-year growth
16
5-year growth
30
10-year growth
40
Price level
22

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 Murata Town?

The average price of residential land in Murata Town is ¥10,288 per m² (about ¥34,010 per tsubo), based on 5 sites in the official land price surveys (2026).

Are land prices in Murata Town going up?

Land prices in Murata Town have fallen by -1.6% on average over the past year. Over five years the change is -5.6%.

What is the land price forecast for Murata Town?

The Fudosan Zukan model projects residential land prices to change by -0.9% a year, reaching about ¥9,406 per m² in 10 years (range ¥7,713–¥11,099). Forecasts are projections, not guarantees.

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

About ¥60.4 billion: land ¥37.8 billion and buildings ¥22.6 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥51.0 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 ¥157.25 = $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.