Shimomeguro, Meguro Ward: property prices and land values

下目黒(目黒区)

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

Avg. residential land price
¥1.11M/m²
≈ $653/sq ft · 3 sites
#19 of 25 neighborhoods
Avg. commercial land price
¥2.97M/m²
≈ $1,745/sq ft · 3 sites
1-year change
+12.7%
Residential +12.7% · commercial +12.7%
5 years / 10 years
+43.4% / +70.9%
Same sites, chained
Pre-owned condos per m²
¥1.60M/m²
70 m² ≈ ¥112.0M · 190 sales
Pre-owned houses (median)
¥190.0M
≈ $1.20M · 21 sales
Real Estate Zukan Index
No data
Total real estate value Estimate
Coming soon

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¥1.00M/m²¥2.00M/m²¥3.00M/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+6.0% a year
¥1.11M/m²¥1.18M/m²¥1.33M/m²¥1.49M/m²¥1.99M/m²

Forecasts are projections, not guarantees. 10-year range: ¥1.63M/m²–¥2.35M/m²

Shimomeguro, Meguro Ward compared with larger areas

AreaAvg. residential≈ USD/sq ftShimomeguro, Meguro Ward is1 year5 yearsCondos per m²Index
Shimomeguro, Meguro Ward ¥1.11M/m²$653/sq ft +12.7%+43.4% ¥1.60M/m²—
Meguro Ward ¥1.37M/m²$807/sq ft 0.81x+13.5%+46.1% ¥1.36M/m²98
Tokyo ¥547K/m²$321/sq ft 2.0x+8.1%+27.3% ¥1.00M/m²100
Japan ¥120K/m²$70/sq ft 9.3x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 6 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
東京都 目黒区下目黒1丁目119番12外
Land Price Publication 2026
Commercial¥5.64M/m²$3,310/sq ft +13.5%目黒
200 m
東京都 目黒区下目黒3丁目604番6外
Land Price Publication 2026
Commercial¥1.80M/m²$1,056/sq ft +12.5%目黒
750 m
東京都 目黒区下目黒6丁目991番30
Land Price Publication 2026
Commercial¥1.48M/m²$869/sq ft +12.1%学芸大学
1.2 km
東京都 目黒区下目黒三丁目663番11
Prefectural Survey 2026
Residential¥1.16M/m²$681/sq ft +13.7%中小規模一般住宅、アパートが混在する住宅地域
東京都 目黒区下目黒2丁目220番1外
Land Price Publication 2026
Residential¥1.11M/m²$651/sq ft +14.4%目黒
740 m
東京都 目黒区下目黒5丁目882番16
Land Price Publication 2026
Residential¥1.07M/m²$628/sq ft +10.0%目黒
1.6 km

Transaction prices MLIT Real Estate Information Library · last 2 years · 220 sales

Condos per m² (median)
¥1.60M/m²
Condo price (median)
¥75.0M
Land & building (median)
¥190.0M
Land per m² (median)
¥1.30M/m²

Sales in the loaded period: Pre-owned condo 392 · Land & building 38 · Land 18

DistrictPeriodTypePriceAreaBuiltPer m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥140.0M60 m²2013¥2.33M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥120.0M60 m²2011¥2.00M/m²
ShimomeguroQ2 2026Land & building (contract) ¥170.0M105 m²2005—
ShimomeguroQ2 2026Pre-owned condo (contract) ¥130.0M85 m²1998¥1.53M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥68.0M40 m²2013¥1.70M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥150.0M70 m²2012¥2.14M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥170.0M80 m²1998¥2.12M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥35.0M30 m²2015¥1.17M/m²
ShimomeguroQ2 2026Land & building (contract) ¥170.0M90 m²2017—
ShimomeguroQ2 2026Pre-owned condo (contract) ¥110.0M60 m²2023¥1.83M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥53.0M50 m²1980¥1.06M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥64.0M55 m²1979¥1.16M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥95.0M55 m²2011¥1.73M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥130.0M65 m²2021¥2.00M/m²
ShimomeguroQ2 2026Land & building (contract) ¥80.0M65 m²1983—
ShimomeguroQ2 2026Land & building (contract) ¥210.0M120 m²2012—
ShimomeguroQ2 2026Pre-owned condo (contract) ¥69.0M45 m²2010¥1.53M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥120.0M55 m²2005¥2.18M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥61.0M60 m²1974¥1.02M/m²
ShimomeguroQ2 2026Pre-owned condo (contract) ¥15.0M20 m²1991¥750K/m²

Nearby neighborhoods

FAQ

What is the average land price in Shimomeguro, Meguro Ward?

The average price of residential land in Shimomeguro, Meguro Ward is ¥1,113,333 per m² (about ¥3,680,440 per tsubo), based on 3 sites in the official land price surveys (2026).

Are land prices in Shimomeguro, Meguro Ward going up?

Land prices in Shimomeguro, Meguro Ward have risen by +12.7% on average over the past year. Over five years the change is +43.4%.

How much do pre-owned condos cost in Shimomeguro, Meguro Ward?

The median price of pre-owned condo transactions in the last two years is ¥1,600,000 per m², with a median price of ¥75.0 million (190 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Shimomeguro, Meguro Ward?

The Fudosan Zukan model projects residential land prices to change by +6.0% a year, reaching about ¥1,993,810 per m² in 10 years (range ¥1,634,924–¥2,352,696). Forecasts are projections, not guarantees.

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 ¥158.29 = $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.