Masuda City: property prices and land values

益田市

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

Avg. residential land price
¥19K/m²
≈ $11/sq ft · 16 sites
#1041 of 1795 municipalities in Japan
Avg. commercial land price
¥34K/m²
≈ $20/sq ft · 7 sites
1-year change
−2.3%
Residential −2.2% · commercial −2.4%
5 years / 10 years
−13.1% / −23.3%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥4.0M
≈ $25K · 43 sales
Real Estate Zukan Index
27/100
#1353 in Japan
Total real estate value Estimate
¥229.6 billion
≈ $1.5B · land ¥148.9 billion + buildings ¥80.7 billion
#666 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¥20K/m²¥40K/m²¥60K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
−2.0% a year
¥19K/m²¥18K/m²¥17K/m²¥17K/m²¥15K/m²

Forecasts are projections, not guarantees. 10-year range: ¥12K/m²–¥18K/m²

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

Total value (market estimate)
¥229.6 billion
≈ $1.5B · 0.02% of Japan
Land (market estimate)
¥148.9 billion
residential land ¥134.5 billion
Buildings (assessed)
¥80.7 billion
46,247 buildings · 4.2 km² floor area
Assessed value (fixed-asset tax)
¥189.2 billion
land ¥108.6 billion · buildings ¥80.7 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥94.1 billion¥134.5 billion9.7 km²¥14K/m²
Other land
farmland, forest, other
¥14.4 billion¥14.4 billion277.4 km²—
Buildings
wooden ¥44.3 billion · non-wooden ¥36.4 billion
¥80.7 billion¥80.7 billion4.2 km² floor—
Total¥189.2 billion¥229.6 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.

Masuda City compared with larger areas

AreaAvg. residential≈ USD/sq ftMasuda City is1 year5 yearsCondos per m²Index
Masuda City ¥19K/m²$11/sq ft −2.3%−13.1% —27
Shimane ¥25K/m²$15/sq ft 0.74x−0.8%−3.9% ¥244K/m²15
Japan ¥120K/m²$71/sq ft 0.15x+2.1%+8.0% ¥493K/m²—

Neighborhoods 80 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
乙吉町イ
乙吉町イ
¥30K/m² ¥46K/m² −3.0% −15.6% — —
幸町ロ
幸町ロ
¥30K/m² — −3.3% −17.3% — —
Tokiwacho
常盤町
¥28K/m² — −3.1% −16.2% — 1
Takatsu
高津
¥27K/m² ¥48K/m² −2.6% −15.5% — 11
三宅町ロ
三宅町ロ
¥26K/m² — −3.0% — — —
Nakayoshidacho
中吉田町
¥24K/m² — −2.1% −15.7% — 6
東町ロ
東町ロ
¥22K/m² — −1.7% −15.1% — —
Kamoshimanishimachi
かもしま西町
¥22K/m² — −2.2% — — —
Shimohongocho
下本郷町
¥21K/m² — −0.9% −14.4% — 3
須子町イ
須子町イ
¥21K/m² ¥31K/m² −1.4% −11.0% — —
美都町山本イ
美都町山本イ
¥5,400/m² — −1.8% −8.5% — —
美都町仙道
美都町仙道
¥5,400/m² — −1.8% −8.5% — —
美都町宇津川ロ
美都町宇津川ロ
¥3,750/m² — −1.3% −6.2% — —
匹見町澄川イ
匹見町澄川イ
¥1,600/m² — −2.4% −11.1% — —
匹見町道川イ
匹見町道川イ
¥1,440/m² — −1.4% −10.0% — —
Todacho
戸田町
— — — — — 71
Shirakamicho
白上町
— — — — — 25
Kiamicho
喜阿弥町
— — — — — 38
Kohamacho
小浜町
— — — — — 12
Iinouracho
飯浦町
— — — — — 13
Otoyoshicho
乙吉町
— — — — — 10
Iidacho
飯田町
— — — — — 4
Nakanoshimacho
中島町
— — — — — 8
Kushirocho
久城町
— — — — — 11
Hikimichoshiso
匹見町紙祖
— — — — — 2
Todacho
遠田町
— — — — — 6
Musocho
虫追町
— — — — — 5
Hadacho
波田町
— — — — — 8
Higashimachi
東町
— — — — — 7
Sukocho
須子町
— — — — — 4
Uchidacho
内田町
— — — — — 3
Takatsucho
高津町
— — — — — 2
Kamoshimahigashimachi
かもしま東町
— — — — — 5
Otanicho
大谷町
— — — — — 8
Nakagauchicho
中垣内町
— — — — — 7
Nanaocho
七尾町
— — — — — 6
Katsurahiracho
桂平町
— — — — — 8
Yokotacho
横田町
— — — — — 3
Minojicho
美濃地町
— — — — — 4
Kibecho
木部町
— — — — — —
Showacho
昭和町
— — — — — 4
Saiwaicho
幸町
— — — — — 5
Hikimichohikimi
匹見町匹見
— — — — — 5
Kamoshimakitamachi
かもしま北町
— — — — — 3
Miyakecho
三宅町
— — — — — 1
Tsudacho
津田町
— — — — — 2
Mizuwakecho
水分町
— — — — — 2
Otokocho
乙子町
— — — — — 2
Ekimaecho
駅前町
— ¥53K/m² −3.1% — — 2
Tanemuracho
種村町
— — — — — 2
Kandacho
神田町
— — — — — 1
Hikimichohirose
匹見町広瀬
— — — — — 1
Nishihirabaracho
西平原町
— — — — — 2
Akagimachi
赤城町
— — — — — 2
Hikimichosumigawa
匹見町澄川
— — — — — 2
Mitochomarumo
美都町丸茂
— — — — — 1
Mitochotsumo
美都町都茂
— ¥7,350/m² −3.3% −11.4% — 1
Tadacho
多田町
— — — — — 2
Mitochoitaigawa
美都町板井川
— — — — — —
Akebonohigashimachi
あけぼの東町
— ¥47K/m² −2.3% −12.9% — 1
Yamaoricho
山折町
— — — — — 2
Motomachi
元町
— — — — — —
Shimohadacho
下波田町
— — — — — 1
Nakazucho
中須町
— — — — — —
Somebacho
染羽町
— — — — — 1
Kukumocho
久々茂町
— — — — — 1
Mitochokobara
美都町小原
— — — — — —
Umadanicho
馬谷町
— — — — — 1
Hommachi
本町
— — — — — 1
Sakaemachi
栄町
— — — — — 1
Akebononishimachi
あけぼの西町
— — — — — 1
Nagasawacho
長沢町
— — — — — 1
Mitochouzukawa
美都町宇津川
— — — — — 1
Kashibaracho
柏原町
— — — — — 1
Hidarigayamacho
左ケ山町
— — — — — 1
Ariakecho
有明町
— — — — — —
Shiraiwacho
白岩町
— — — — — 1
Hikimichomichigawa
匹見町道川
— — — — — 1
Doicho
土井町
— — — — — —
匹見町匹見イ
匹見町匹見イ
— ¥4,900/m² −2.0% −9.3% — —

Official land price survey sites highest first · 24 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
島根県 益田市駅前町92番5外
Land Price Publication 2026
Commercial¥53K/m²$31/sq ft −3.1%益田
100 m
島根県 益田市高津5丁目イ1592番104
Land Price Publication 2026
Commercial¥48K/m²$28/sq ft −2.9%益田
3.1 km
島根県 益田市あけぼの東町15番26
Prefectural Survey 2026
Commercial¥47K/m²$28/sq ft −2.3%中低層の店舗、事務所が建ち並ぶ沿道商業地域
島根県 益田市乙吉町イ103番4
Land Price Publication 2026
Commercial¥46K/m²$27/sq ft −2.9%益田
1.4 km
島根県 益田市須子町イ618番1
Prefectural Survey 2026
Commercial¥31K/m²$18/sq ft −0.6%国道沿いに店舗、営業所等が建ち並ぶ商業地域
島根県 益田市乙吉町イ333番5
Prefectural Survey 2026
Residential¥30K/m²$18/sq ft −3.2%戸建住宅等が存する区画整然とした住宅地域
島根県 益田市幸町ロ1913番2
Land Price Publication 2026
Residential¥30K/m²$18/sq ft −3.3%益田
1.6 km
島根県 益田市高津5丁目イ1592番66
Land Price Publication 2026
Residential¥29K/m²$17/sq ft −3.1%益田
3.0 km
島根県 益田市常盤町632番3
Land Price Publication 2026
Residential¥28K/m²$17/sq ft −3.1%益田
900 m
島根県 益田市三宅町ロ1596番3
Land Price Publication 2026
Residential¥26K/m²$15/sq ft −3.0%益田
2.0 km
島根県 益田市高津1丁目イ1009番
Prefectural Survey 2026
Residential¥26K/m²$15/sq ft −1.9%中規模一般住宅、共同住宅等が混在する既成住宅地域
島根県 益田市中吉田町517番1外
Prefectural Survey 2026
Residential¥24K/m²$14/sq ft −2.1%一般住宅の中に農地等が見られる住宅地域
島根県 益田市東町ロ628番26
Prefectural Survey 2026
Residential¥22K/m²$13/sq ft −1.7%中規模一般住宅が多い高台の住宅地域
島根県 益田市かもしま西町7番27
Land Price Publication 2026
Residential¥22K/m²$13/sq ft −2.2%益田
2.7 km
島根県 益田市下本郷町705番22
Prefectural Survey 2026
Residential¥21K/m²$13/sq ft −0.9%中規模一般住宅が多い郊外の住宅地域
島根県 益田市須子町イ683番80
Prefectural Survey 2026
Residential¥21K/m²$12/sq ft −2.3%中規模一般住宅が多い既成住宅地域
島根県 益田市高津7丁目イ1128番133
Prefectural Survey 2026
Industrial¥20K/m²$12/sq ft −3.0%中小工場、木材市場等が建ち並ぶ工業地域
島根県 益田市美都町都茂1800番4
Prefectural Survey 2026
Commercial¥7,350/m²$4/sq ft −3.3%店舗兼住宅と一般住宅が混在する既成商業地域
島根県 益田市美都町仙道589番1
Prefectural Survey 2026
Residential¥5,400/m²$3/sq ft −1.8%国道背後に一般住宅が建ち並ぶ住宅地域
島根県 益田市美都町山本イ218番2
Prefectural Survey 2026
Residential¥5,400/m²$3/sq ft −1.8%中小規模一般住宅や農地等も見られる住宅地域
島根県 益田市匹見町匹見イ1268番6
Prefectural Survey 2026
Commercial¥4,900/m²$3/sq ft −2.0%小売店舗兼住宅が建ち並ぶ商業地域
島根県 益田市美都町宇津川ロ688番4
Prefectural Survey 2026
Residential¥3,750/m²$2/sq ft −1.3%一般住宅、事業所等が混在する住宅地域
島根県 益田市匹見町澄川イ402番1外
Prefectural Survey 2026
Residential¥1,600/m²$1/sq ft −2.4%旧国道沿いに一般住宅が建ち並ぶ住宅地域
島根県 益田市匹見町道川イ26番
Prefectural Survey 2026
Residential¥1,440/m²$1/sq ft −1.4%県道沿いに農家住宅が点在する山村集落地域

Transaction prices MLIT Real Estate Information Library · last 2 years · 347 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥4.0M
Land per m² (median)
¥17K/m²

Sales in the loaded period: Forest 310 · Land 139 · Farmland 89 · Land & building 75

DistrictPeriodTypePriceAreaBuiltPer m²
HikimichohikimiQ2 2026Land & building ¥1.5M760 m²——
OtokochoQ2 2026Farmland ¥28.0M8,888 m²——
YokotachoQ2 2026Land ¥3.7M580 m²—¥6,300/m²
MusochoQ2 2026Forest ¥70K370 m²——
MusochoQ2 2026Forest ¥110K550 m²——
HikimichomichigawaQ2 2026Forest ¥3.0M8,888 m²——
NakayoshidachoQ2 2026Land & building ¥6.3M390 m²1977—
OtoyoshichoQ2 2026Land ¥6.5M570 m²—¥11K/m²
OtoyoshichoQ2 2026Land ¥2.0M195 m²—¥10K/m²
NakanoshimachoQ2 2026Land ¥6.3M340 m²—¥19K/m²
NakanoshimachoQ2 2026Land ¥2.7M145 m²—¥18K/m²
ShirakamichoQ2 2026Forest ¥380K3,600 m²——
SaiwaichoQ2 2026Land ¥1.5M120 m²—¥13K/m²
OtanichoQ2 2026Land ¥1.2M190 m²—¥6,300/m²
OtanichoQ2 2026Land ¥1.8M290 m²—¥6,300/m²
UchidachoQ2 2026Forest ¥1.5M8,888 m²——
TodachoQ2 2026Forest ¥320K2,300 m²——
TodachoQ2 2026Farmland ¥2.1M4,700 m²——
HadachoQ1 2026Forest ¥42K420 m²——
HadachoQ1 2026Farmland ¥740K980 m²——

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

Market activity
68
1-year growth
8
5-year growth
6
10-year growth
9
Price level
42

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 Masuda City?

The average price of residential land in Masuda City is ¥18,518 per m² (about ¥61,217 per tsubo), based on 16 sites in the official land price surveys (2026).

Are land prices in Masuda City going up?

Land prices in Masuda City have fallen by -2.3% on average over the past year. Over five years the change is -13.1%.

What is the land price forecast for Masuda City?

The Fudosan Zukan model projects residential land prices to change by -2.0% a year, reaching about ¥15,146 per m² in 10 years (range ¥12,420–¥17,872). Forecasts are projections, not guarantees.

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

About ¥229.6 billion: land ¥148.9 billion and buildings ¥80.7 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥189.2 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.