Ishigaki City: property prices and land values

石垣市

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

Avg. residential land price
¥52K/m²
≈ $31/sq ft · 9 sites
#491 of 1795 municipalities in Japan
Avg. commercial land price
¥150K/m²
≈ $89/sq ft · 5 sites
1-year change
+6.5%
Residential +5.3% · commercial +8.6%
5 years / 10 years
+40.4% / +65.4%
Same sites, chained
Pre-owned condos per m²
¥730K/m²
70 m² ≈ ¥51.1M · 6 sales
Pre-owned houses (median)
¥30.0M
≈ $191K · 25 sales
Real Estate Zukan Index
83/100
#223 in Japan
Total real estate value Estimate
¥448.3 billion
≈ $2.9B · land ¥305.0 billion + buildings ¥143.2 billion
#440 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¥50K/m²¥100K/m²¥150K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+5.2% a year
¥52K/m²¥55K/m²¥61K/m²¥67K/m²¥87K/m²

Forecasts are projections, not guarantees. 10-year range: ¥71K/m²–¥103K/m²

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

Total value (market estimate)
¥448.3 billion
≈ $2.9B · 0.03% of Japan
Land (market estimate)
¥305.0 billion
residential land ¥273.2 billion
Buildings (assessed)
¥143.2 billion
15,528 buildings · 2.6 km² floor area
Assessed value (fixed-asset tax)
¥366.3 billion
land ¥223.1 billion · buildings ¥143.2 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥191.3 billion¥273.2 billion7.9 km²¥35K/m²
Other land
farmland, forest, other
¥31.8 billion¥31.8 billion93.1 km²—
Buildings
wooden ¥5.2 billion · non-wooden ¥138.1 billion
¥143.2 billion¥143.2 billion2.6 km² floor—
Total¥366.3 billion¥448.3 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.

Ishigaki City compared with larger areas

AreaAvg. residential≈ USD/sq ftIshigaki City is1 year5 yearsCondos per m²Index
Ishigaki City ¥52K/m²$31/sq ft +6.5%+40.4% ¥730K/m²83
Okinawa ¥99K/m²$59/sq ft 0.53x+6.1%+27.2% ¥512K/m²81
Japan ¥120K/m²$71/sq ft 0.44x+2.1%+8.0% ¥494K/m²—

Neighborhoods 29 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
Shin-eicho
新栄町
¥76K/m² ¥94K/m² +3.6% +29.2% — 2
登野城村内
登野城村内
¥74K/m² — +4.4% +59.1% — —
新川喜田盛
新川喜田盛
¥73K/m² — +4.1% +61.4% — —
平得西原
平得西原
¥72K/m² — +4.2% +63.7% — —
新川川花
新川川花
¥58K/m² — +9.1% +52.5% — —
新川真喜良
新川真喜良
¥48K/m² — +5.5% +44.6% — —
川平内原
川平内原
¥31K/m² — +6.4% +18.5% — —
宮良村内
宮良村内
¥23K/m² — +6.4% +37.9% — —
伊原間前原
伊原間前原
¥15K/m² — +5.6% +20.6% — —
Aza Maezato
真栄里
— — — — — 10
Aza Shiraho
白保
— — — — — 9
Aza Ohama
大浜
— — — — — 7
Aza Arakawa
新川
— — — — — 7
Aza Tonoshiro
登野城
— — — — — 6
Aza Ishigaki
石垣
— — — — — 5
Aza Kabira
川平
— — — — — 4
Aza Nagura
名蔵
— — — — — 4
Aza Hirae
平得
— — — — — 4
Aza Miyara
宮良
— — — — — 4
Aza Nosoko
野底
— — — — — 4
Aza Fukai
桴海
— — — — — 3
Aza Okawa
大川
— — — — — 2
Hamasakicho
浜崎町
— — — — — 2
Aza Sakieda
崎枝
— — — — — 1
Aza Ibaruma
伊原間
— — — — — 1
石垣長田次良若
石垣長田次良若
— ¥195K/m² +8.9% +34.5% — —
大川東ノハカ
大川東ノハカ
— ¥113K/m² +7.6% +30.3% — —
大川中ノハカ
大川中ノハカ
— ¥209K/m² +11.2% +41.2% — —
真栄里慶田山
真栄里慶田山
— ¥138K/m² +10.4% +53.3% — —

Official land price survey sites highest first · 14 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
沖縄県 石垣市字大川中ノハカ207番3
Land Price Publication 2026
Commercial¥209K/m²$123/sq ft +11.2%東運輸バスターミナル
260 m
沖縄県 石垣市字石垣長田次良若5番2
Prefectural Survey 2026
Commercial¥195K/m²$115/sq ft +8.9%店舗兼共同住宅が建ち並ぶ商業地域
沖縄県 石垣市字真栄里慶田山544番1
Prefectural Survey 2026
Commercial¥138K/m²$82/sq ft +10.4%郊外型店舗、営業所等が建ち並ぶ国道沿いの路線商業地域
沖縄県 石垣市字大川東ノハカ20番5
Prefectural Survey 2026
Commercial¥113K/m²$67/sq ft +7.6%小規模各種店舗が建ち並ぶ商業地域
沖縄県 石垣市新栄町70番12
Land Price Publication 2026
Commercial¥94K/m²$56/sq ft +5.0%新川小学校前停
沖縄県 石垣市新栄町51番23
Prefectural Survey 2026
Residential¥76K/m²$45/sq ft +2.3%中規模一般住宅が建ち並ぶ既成住宅地域
沖縄県 石垣市字登野城村内104番
Land Price Publication 2026
Residential¥74K/m²$44/sq ft +4.4%裁判所前停
240 m
沖縄県 石垣市字新川喜田盛14番1
Land Price Publication 2026
Residential¥73K/m²$43/sq ft +4.1%桃林寺前停
150 m
沖縄県 石垣市字平得西原129番3
Land Price Publication 2026
Residential¥72K/m²$42/sq ft +4.2%中央運動公園入口停
200 m
沖縄県 石垣市字新川川花351番23
Prefectural Survey 2026
Residential¥58K/m²$34/sq ft +9.1%中規模一般住宅が多い幹線道路背後の住宅地域
沖縄県 石垣市字新川真喜良2357番66
Prefectural Survey 2026
Residential¥48K/m²$28/sq ft +5.5%中規模一般住宅の多い既成住宅地域
沖縄県 石垣市字川平内原900番1
Prefectural Survey 2026
Residential¥31K/m²$19/sq ft +6.4%一般住宅のほか民宿、飲食店等が介在する住宅地域
沖縄県 石垣市字宮良村内266番
Prefectural Survey 2026
Residential¥23K/m²$14/sq ft +6.4%農家住宅、一般住宅等が混在する既成住宅地域
沖縄県 石垣市字伊原間前原50番1
Prefectural Survey 2026
Residential¥15K/m²$9/sq ft +5.6%県道沿いに一般住宅及び農家住宅等が立地する農家集落地域

Transaction prices MLIT Real Estate Information Library · last 2 years · 75 sales

Condos per m² (median)
¥730K/m²
Condo price (median)
¥45.5M
Land & building (median)
¥30.0M
Land per m² (median)
¥24K/m²

Sales in the loaded period: Land 119 · Land & building 108 · Farmland 65 · Pre-owned condo 15 · Forest 13

DistrictPeriodTypePriceAreaBuiltPer m²
Aza IshigakiQ2 2026Land & building ¥40.0M350 m²1981—
Aza FukaiQ2 2026Land & building ¥44.0M660 m²2008—
Aza ShirahoQ2 2026Land ¥8.5M510 m²—¥17K/m²
Aza ShirahoQ2 2026Land & building ¥12.0M480 m²——
Aza ShirahoQ2 2026Land & building ¥43.0M230 m²2026—
Aza KabiraQ2 2026Land & building ¥29.0M490 m²2001—
Aza MaezatoQ2 2026Land & building ¥20.0M280 m²1988—
Aza SakiedaQ2 2026Farmland ¥170K400 m²——
Aza ArakawaQ1 2026Pre-owned condo (contract) ¥60.0M85 m²2022¥706K/m²
Aza MiyaraQ1 2026Land & building ¥15.0M1,100 m²1993—
Aza NosokoQ1 2026Land ¥2.0M520 m²—¥3,900/m²
Aza NosokoQ1 2026Land ¥1.0M520 m²—¥1,900/m²
Aza NosokoQ1 2026Land ¥2.0M630 m²—¥3,200/m²
Aza TonoshiroQ1 2026Land ¥74.0M1,900 m²—¥38K/m²
Aza TonoshiroQ1 2026Land ¥16.0M330 m²—¥50K/m²
Aza TonoshiroQ1 2026Land ¥9.0M210 m²—¥43K/m²
Aza OhamaQ1 2026Land ¥4.9M210 m²—¥24K/m²
Aza IshigakiQ1 2026Land & building ¥35.0M185 m²2015—
Aza IshigakiQ1 2026Land & building ¥15.0M130 m²1980—
Aza ArakawaQ1 2026Forest ¥260K400 m²——

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

Market activity
52
1-year growth
95
5-year growth
97
10-year growth
95
Price level
73
Condo price level
93

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 Ishigaki City?

The average price of residential land in Ishigaki City is ¥52,189 per m² (about ¥172,526 per tsubo), based on 9 sites in the official land price surveys (2026).

Are land prices in Ishigaki City going up?

Land prices in Ishigaki City have risen by +6.5% on average over the past year. Over five years the change is +40.4%.

How much do pre-owned condos cost in Ishigaki City?

The median price of pre-owned condo transactions in the last two years is ¥729,864 per m², with a median price of ¥45.5 million (6 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Ishigaki City?

The Fudosan Zukan model projects residential land prices to change by +5.2% a year, reaching about ¥86,997 per m² in 10 years (range ¥71,338–¥102,656). Forecasts are projections, not guarantees.

What is the total value of real estate in Ishigaki City?

About ¥448.3 billion: land ¥305.0 billion and buildings ¥143.2 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥366.3 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.