Shibata Town: property prices and land values

柴田町

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

Avg. residential land price
¥32K/m²
≈ $19/sq ft · 5 sites
#692 of 1795 municipalities in Japan
Avg. commercial land price
¥35K/m²
≈ $21/sq ft · 2 sites
1-year change
−0.2%
Residential −0.3% · commercial ±0.0%
5 years / 10 years
+4.2% / +9.4%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
No data
Real Estate Zukan Index
63/100
#574 in Japan
Total real estate value Estimate
¥231.4 billion
≈ $1.5B · land ¥160.3 billion + buildings ¥71.2 billion
#663 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¥30K/m²¥40K/m²¥50K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+0.6% a year
¥32K/m²¥33K/m²¥33K/m²¥33K/m²¥34K/m²

Forecasts are projections, not guarantees. 10-year range: ¥28K/m²–¥40K/m²

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

Total value (market estimate)
¥231.4 billion
≈ $1.5B · 0.02% of Japan
Land (market estimate)
¥160.3 billion
residential land ¥154.6 billion
Buildings (assessed)
¥71.2 billion
21,078 buildings · 2.6 km² floor area
Assessed value (fixed-asset tax)
¥185.1 billion
land ¥113.9 billion · buildings ¥71.2 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥108.2 billion¥154.6 billion7.7 km²¥20K/m²
Other land
farmland, forest, other
¥5.6 billion¥5.6 billion31.7 km²—
Buildings
wooden ¥43.1 billion · non-wooden ¥28.1 billion
¥71.2 billion¥71.2 billion2.6 km² floor—
Total¥185.1 billion¥231.4 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.

Shibata Town compared with larger areas

AreaAvg. residential≈ USD/sq ftShibata Town is1 year5 yearsCondos per m²Index
Shibata Town ¥32K/m²$19/sq ft −0.2%+4.2% —63
Miyagi ¥77K/m²$45/sq ft 0.42x+2.2%+15.4% —83
Japan ¥120K/m²$71/sq ft 0.27x+2.1%+8.0% ¥494K/m²—

Neighborhoods 7 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
船岡新栄
船岡新栄
¥45K/m² — ±0.0% +15.4% — —
槻木上町
槻木上町
¥38K/m² — ±0.0% +3.3% — —
西船迫
西船迫
¥34K/m² — ±0.0% +3.0% — —
上名生
上名生
¥24K/m² — ±0.0% ±0.0% — —
松ケ越
松ケ越
¥21K/m² — −1.4% −1.4% — —
船岡中央
船岡中央
— ¥43K/m² ±0.0% +10.0% — —
船岡
船岡
— ¥27K/m² ±0.0% ±0.0% — —

Official land price survey sites highest first · 7 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
宮城県 柴田郡柴田町船岡新栄2丁目12番11
Land Price Publication 2026
Residential¥45K/m²$27/sq ft ±0.0%船岡
1.6 km
宮城県 柴田郡柴田町船岡中央1丁目70番1
Land Price Publication 2026
Commercial¥43K/m²$25/sq ft ±0.0%船岡
90 m
宮城県 柴田郡柴田町槻木上町2丁目303番2
Prefectural Survey 2026
Residential¥38K/m²$22/sq ft ±0.0%一般住宅、事業所等が建ち並ぶ住宅地域
宮城県 柴田郡柴田町西船迫3丁目2番85
Prefectural Survey 2026
Residential¥34K/m²$20/sq ft ±0.0%中規模の一般住宅が多い区画整然とした住宅地域
宮城県 柴田郡柴田町大字船岡字若葉町4番14外
Prefectural Survey 2026
Commercial¥27K/m²$16/sq ft ±0.0%国道沿いに店舗、事業所等のほか空地も介在する路線商業地域
宮城県 柴田郡柴田町大字上名生字前川88番2
Prefectural Survey 2026
Residential¥24K/m²$14/sq ft ±0.0%低層一般住宅を中心に農家住宅も介在する空地の多い住宅地域
宮城県 柴田郡柴田町松ケ越1丁目8番4
Land Price Publication 2026
Residential¥21K/m²$13/sq ft −1.4%槻木
2.0 km

Transaction prices

No data No transaction data for this area yet.

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

1-year growth
51
5-year growth
71
10-year growth
77
Price level
61

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 Shibata Town?

The average price of residential land in Shibata Town is ¥32,320 per m² (about ¥106,843 per tsubo), based on 5 sites in the official land price surveys (2026).

Are land prices in Shibata Town going up?

Land prices in Shibata Town have fallen by -0.2% on average over the past year. Over five years the change is +4.2%.

What is the land price forecast for Shibata Town?

The Fudosan Zukan model projects residential land prices to change by +0.6% a year, reaching about ¥34,208 per m² in 10 years (range ¥28,051–¥40,365). Forecasts are projections, not guarantees.

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

About ¥231.4 billion: land ¥160.3 billion and buildings ¥71.2 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥185.1 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.