Nikko City: property prices and land values

日光市

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

Avg. residential land price
¥16K/m²
≈ $9/sq ft · 22 sites
#1151 of 1795 municipalities in Japan
Avg. commercial land price
¥35K/m²
≈ $20/sq ft · 14 sites
1-year change
−0.9%
Residential −2.0% · commercial +0.8%
5 years / 10 years
−6.2% / −13.3%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
No data
Real Estate Zukan Index
32/100
#1228 in Japan
Total real estate value Estimate
¥525.9 billion
≈ $3.3B · land ¥323.4 billion + buildings ¥202.5 billion
#390 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
−0.9% a year
¥16K/m²¥16K/m²¥15K/m²¥15K/m²¥14K/m²

Forecasts are projections, not guarantees. 10-year range: ¥12K/m²–¥17K/m²

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

Total value (market estimate)
¥525.9 billion
≈ $3.3B · 0.04% of Japan
Land (market estimate)
¥323.4 billion
residential land ¥273.2 billion
Buildings (assessed)
¥202.5 billion
58,600 buildings · 7.7 km² floor area
Assessed value (fixed-asset tax)
¥444.0 billion
land ¥241.5 billion · buildings ¥202.5 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥191.3 billion¥273.2 billion22.4 km²¥12K/m²
Other land
farmland, forest, other
¥50.2 billion¥50.2 billion194.6 km²—
Buildings
wooden ¥75.5 billion · non-wooden ¥127.0 billion
¥202.5 billion¥202.5 billion7.7 km² floor—
Total¥444.0 billion¥525.9 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.

Nikko City compared with larger areas

AreaAvg. residential≈ USD/sq ftNikko City is1 year5 yearsCondos per m²Index
Nikko City ¥16K/m²$9/sq ft −0.9%−6.2% —32
Tochigi ¥35K/m²$21/sq ft 0.45x±0.0%−1.6% —35
Japan ¥120K/m²$71/sq ft 0.13x+2.1%+8.0% ¥493K/m²—

Neighborhoods 27 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
今市本町
今市本町
¥30K/m² — ±0.0% −0.7% — —
平ケ崎
平ケ崎
¥26K/m² — −0.4% −2.3% — —
今市
今市
¥25K/m² ¥35K/m² −0.4% −2.7% — —
豊田
豊田
¥24K/m² ¥32K/m² ±0.0% −2.4% — —
稲荷町
稲荷町
¥24K/m² — −1.2% −7.0% — —
七里
七里
¥23K/m² — −0.4% −2.1% — —
瀬尾
瀬尾
¥19K/m² — −1.6% −7.5% — —
土沢
土沢
¥18K/m² — −1.4% −6.8% — —
鬼怒川温泉大原
鬼怒川温泉大原
¥18K/m² ¥34K/m² −0.6% −6.2% — —
久次良町
久次良町
¥14K/m² — −2.8% −16.3% — —
藤原
藤原
¥13K/m² — −3.0% −12.8% — —
高徳
高徳
¥12K/m² — −3.1% −14.0% — —
清滝
清滝
¥11K/m² — −3.4% −16.4% — —
猪倉
猪倉
¥10K/m² — −3.8% −16.5% — —
所野
所野
¥8,600/m² — −2.3% −11.3% — —
小代
小代
¥7,500/m² — −5.1% — — —
足尾町赤沢
足尾町赤沢
¥7,300/m² — −3.9% −15.1% — —
日蔭
日蔭
¥4,700/m² — −2.1% −7.8% — —
足尾町赤倉
足尾町赤倉
¥4,650/m² — −3.1% −13.9% — —
湯西川
湯西川
¥3,820/m² ¥12K/m² −1.9% −9.0% — —
中鉢石町
中鉢石町
— ¥44K/m² +6.8% +11.4% — —
松原町
松原町
— ¥54K/m² +6.9% +11.5% — —
森友
森友
— — — −4.7% — —
本町
本町
— ¥41K/m² +3.8% +7.0% — —
鬼怒川温泉滝
鬼怒川温泉滝
— ¥23K/m² −1.3% −6.9% — —
瀬川
瀬川
— ¥28K/m² −2.1% −7.1% — —
中央町
中央町
— ¥42K/m² ±0.0% −1.6% — —

Official land price survey sites highest first · 37 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
栃木県 日光市松原町10番6
Land Price Publication 2026
Commercial¥54K/m²$32/sq ft +6.9%東武日光
栃木県 日光市中鉢石町904番1外
Land Price Publication 2026
Commercial¥44K/m²$26/sq ft +6.8%東武日光
1.3 km
栃木県 日光市中央町19番9
Prefectural Survey 2026
Commercial¥42K/m²$25/sq ft ±0.0%低層店舗の中に住宅等が見られる駅に近い商業地域
栃木県 日光市本町2262番5
Prefectural Survey 2026
Commercial¥41K/m²$24/sq ft +3.8%観光物産店、飲食店が建ち並ぶ東照宮門前商店街
栃木県 日光市鬼怒川温泉大原字三ッ石1398番6外
Prefectural Survey 2026
Commercial¥38K/m²$22/sq ft ±0.0%鬼怒川温泉駅周辺の物産店の多い商業地域
栃木県 日光市今市字曲リ松976番4外
Prefectural Survey 2026
Commercial¥38K/m²$22/sq ft ±0.0%幹線街路沿いに店舗等が建ち並ぶ路線商業地域
栃木県 日光市今市字小倉町773番2
Prefectural Survey 2026
Commercial¥36K/m²$22/sq ft ±0.0%小売店舗、事務所等が建ち並ぶ国道沿いの中心商業地域
栃木県 日光市今市字中道1109番6外
Land Price Publication 2026
Commercial¥34K/m²$20/sq ft −0.3%下今市
100 m
栃木県 日光市豊田字的場328番5外
Prefectural Survey 2026
Commercial¥32K/m²$19/sq ft ±0.0%国道沿いに郊外型店舗等の見られる路線商業地域
栃木県 日光市今市字春日町493番3
Land Price Publication 2026
Commercial¥32K/m²$19/sq ft −0.6%下今市
900 m
栃木県 日光市今市本町10番13
Prefectural Survey 2026
Residential¥30K/m²$18/sq ft ±0.0%一般住宅にアパート等も存する街区の整った住宅地域
栃木県 日光市鬼怒川温泉大原字三ツ石1388番3
Land Price Publication 2026
Commercial¥30K/m²$18/sq ft ±0.0%鬼怒川温泉
350 m
栃木県 日光市瀬川字大谷川向223番1
Prefectural Survey 2026
Commercial¥28K/m²$16/sq ft −2.1%国道沿いに大規模店舗、飲食店等が見られる路線商業地域
栃木県 日光市今市字東原849番3
Prefectural Survey 2026
Residential¥27K/m²$16/sq ft −0.4%一般住宅、アパートの他、空地も見られる住宅地域
栃木県 日光市平ケ崎字中原90番18
Land Price Publication 2026
Residential¥26K/m²$15/sq ft −0.4%今市
200 m
栃木県 日光市豊田字若林91番21
Prefectural Survey 2026
Residential¥24K/m²$14/sq ft ±0.0%一般住宅が増えつつある新興の住宅地域
栃木県 日光市稲荷町2丁目370番3外
Land Price Publication 2026
Residential¥24K/m²$14/sq ft −1.2%東武日光
550 m
栃木県 日光市七里703番8
Land Price Publication 2026
Residential¥23K/m²$14/sq ft −0.4%日光
1.1 km
栃木県 日光市今市字下原1241番11外
Land Price Publication 2026
Residential¥23K/m²$14/sq ft −0.9%下今市
1.9 km
栃木県 日光市鬼怒川温泉滝字中居589番3外
Prefectural Survey 2026
Commercial¥23K/m²$14/sq ft −1.3%店舗、旅館、一般住宅等が混在する国道沿いの路線商業地域
栃木県 日光市瀬尾字前原77番10外
Land Price Publication 2026
Residential¥19K/m²$11/sq ft −1.6%大谷向
720 m
栃木県 日光市土沢字上赤堀1432番45外
Land Price Publication 2026
Residential¥18K/m²$11/sq ft −1.6%下今市
3.8 km
栃木県 日光市土沢字南原557番35
Prefectural Survey 2026
Residential¥18K/m²$10/sq ft −1.1%一般住宅が建ち並ぶ区画整然とした住宅地域
栃木県 日光市鬼怒川温泉大原字袋原731番37
Land Price Publication 2026
Residential¥18K/m²$10/sq ft −1.7%鬼怒川温泉
900 m
栃木県 日光市久次良町98番14
Prefectural Survey 2026
Residential¥14K/m²$8/sq ft −2.8%中小規模の一般住宅が建ち並ぶ国道背後の住宅地域
栃木県 日光市藤原字宿ノ内257番
Prefectural Survey 2026
Residential¥13K/m²$8/sq ft −3.0%国道沿いに店舗も見られる住宅地域
栃木県 日光市湯西川字湯平752番1外
Prefectural Survey 2026
Commercial¥12K/m²$7/sq ft −2.3%旅館、物産店、飲食店等が見られる温泉街の商業地域
栃木県 日光市高徳字屋敷裏491番3外
Prefectural Survey 2026
Residential¥12K/m²$7/sq ft −3.1%農地も残された中に、一般住宅等が多い住宅地域
栃木県 日光市清滝1丁目175番1
Land Price Publication 2026
Residential¥11K/m²$7/sq ft −3.4%東武日光
6.0 km
栃木県 日光市猪倉字立沢原3507番220
Prefectural Survey 2026
Residential¥10K/m²$6/sq ft −3.8%一般住宅のまとまった分譲住宅地域
栃木県 日光市所野1541番2159
Prefectural Survey 2026
Residential¥8,600/m²$5/sq ft −2.3%別荘、ペンションが散在している別荘地域
栃木県 日光市小代字東原295番49
Prefectural Survey 2026
Residential¥7,500/m²$4/sq ft −5.1%一般住宅の中に空地が見られる区画整然とした住宅地域
栃木県 日光市森友字北原1520番18
Prefectural Survey 2026
Pre-residential¥7,460/m²$4/sq ft −0.9%小規模な分譲住宅及び農家住宅等が見受けられる地域
栃木県 日光市足尾町赤沢字前原2595番8
Prefectural Survey 2026
Residential¥7,300/m²$4/sq ft −3.9%小規模住宅のまとまった既成の住宅地域
栃木県 日光市日蔭字青柳570番7外
Prefectural Survey 2026
Residential¥4,700/m²$3/sq ft −2.1%一般住宅、小売店舗、民宿等が混在する地域
栃木県 日光市足尾町赤倉字下ノ原1280番1
Prefectural Survey 2026
Residential¥4,650/m²$3/sq ft −3.1%一般住宅の中に空地も見られる旧来からの住宅地域
栃木県 日光市湯西川字高野1308番4
Prefectural Survey 2026
Residential¥3,820/m²$2/sq ft −1.5%農家住宅、一般住宅に民宿等が見られる県道沿いの地域

Transaction prices

No data No transaction data for this area yet.

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

1-year growth
33
5-year growth
27
10-year growth
30
Price level
36

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 Nikko City?

The average price of residential land in Nikko City is ¥15,735 per m² (about ¥52,017 per tsubo), based on 22 sites in the official land price surveys (2026).

Are land prices in Nikko City going up?

Land prices in Nikko City have fallen by -0.9% on average over the past year. Over five years the change is -6.2%.

What is the land price forecast for Nikko City?

The Fudosan Zukan model projects residential land prices to change by -0.9% a year, reaching about ¥14,407 per m² in 10 years (range ¥11,814–¥17,000). Forecasts are projections, not guarantees.

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

About ¥525.9 billion: land ¥323.4 billion and buildings ¥202.5 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥444.0 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.