Nishikawa Town: property prices and land values

西川町

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

Avg. residential land price
¥4,940/m²
≈ $3/sq ft · 5 sites
#1681 of 1795 municipalities in Japan
Avg. commercial land price
¥8,190/m²
≈ $5/sq ft · 2 sites
1-year change
−1.1%
Residential −1.2% · commercial −1.0%
5 years / 10 years
−5.8% / −17.0%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
No data
Real Estate Zukan Index
20/100
#1493 in Japan
Total real estate value Estimate
¥15.5 billion
≈ $98.85M · land ¥8.0 billion + buildings ¥7.5 billion
#1489 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

¥2,500/m²¥5,000/m²¥7,500/m²¥10K/m²¥12K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
−1.0% a year
¥4,940/m²¥4,892/m²¥4,798/m²¥4,706/m²¥4,482/m²

Forecasts are projections, not guarantees. 10-year range: ¥3,675/m²–¥5,289/m²

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

Total value (market estimate)
¥15.5 billion
≈ $98.85M · 0.00% of Japan
Land (market estimate)
¥8.0 billion
residential land ¥6.5 billion
Buildings (assessed)
¥7.5 billion
5,857 buildings · 57.8 ha floor area
Assessed value (fixed-asset tax)
¥13.6 billion
land ¥6.1 billion · buildings ¥7.5 billion
ItemAssessed valueMarket estimateAreaPer m² (market estimate)
Residential land¥4.6 billion¥6.5 billion1.7 km²¥3,786/m²
Other land
farmland, forest, other
¥1.5 billion¥1.5 billion68.6 km²—
Buildings
wooden ¥5.6 billion · non-wooden ¥1.9 billion
¥7.5 billion¥7.5 billion57.8 ha floor—
Total¥13.6 billion¥15.5 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.

Nishikawa Town compared with larger areas

AreaAvg. residential≈ USD/sq ftNishikawa Town is1 year5 yearsCondos per m²Index
Nishikawa Town ¥4,940/m²$3/sq ft −1.1%−5.8% —20
Yamagata ¥23K/m²$14/sq ft 0.21x−0.2%−0.3% —26
Japan ¥120K/m²$71/sq ft 0.04x+2.1%+8.0% ¥494K/m²—

Neighborhoods 4 · click a heading to sort

AreaAvg. residentialAvg. commercial1 year5 yearsCondos per m²Sales
海味
海味
¥6,340/m² — −1.1% −5.0% — —
間沢
間沢
¥5,000/m² ¥8,190/m² −1.2% −6.2% — —
吉川
吉川
¥4,420/m² — −0.9% −5.6% — —
水沢
水沢
¥2,600/m² — −1.1% −6.5% — —

Official land price survey sites highest first · 7 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
山形県 西村山郡西川町大字間沢字下堀59番16
Prefectural Survey 2026
Commercial¥8,710/m²$5/sq ft −1.0%小規模低層小売店舗の中に一般住宅が混在する既成商業地域
山形県 西村山郡西川町大字海味字町浦1360番10
Land Price Publication 2026
Residential¥7,930/m²$5/sq ft −0.5%羽前高松
9.9 km
山形県 西村山郡西川町大字間沢字金畑257番1外
Land Price Publication 2026
Commercial¥7,670/m²$5/sq ft −1.0%羽前高松
11.0 km
山形県 西村山郡西川町大字間沢字東355番5
Prefectural Survey 2026
Residential¥5,000/m²$3/sq ft −1.6%中小規模の一般住宅が多い住宅地域
山形県 西村山郡西川町大字海味字アクト120番2
Prefectural Survey 2026
Residential¥4,750/m²$3/sq ft −1.7%農家住宅、一般住宅が見られる住宅地域
山形県 西村山郡西川町大字吉川字久保251番6
Prefectural Survey 2026
Residential¥4,420/m²$3/sq ft −0.9%中規模一般住宅に農家住宅が見られる住宅地域
山形県 西村山郡西川町大字水沢字上原409番3
Land Price Publication 2026
Residential¥2,600/m²$2/sq ft −1.1%羽前高松
15.0 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
27
5-year growth
29
10-year growth
21
Price level
6

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 Nishikawa Town?

The average price of residential land in Nishikawa Town is ¥4,940 per m² (about ¥16,331 per tsubo), based on 5 sites in the official land price surveys (2026).

Are land prices in Nishikawa Town going up?

Land prices in Nishikawa Town have fallen by -1.1% on average over the past year. Over five years the change is -5.8%.

What is the land price forecast for Nishikawa Town?

The Fudosan Zukan model projects residential land prices to change by -1.0% a year, reaching about ¥4,482 per m² in 10 years (range ¥3,675–¥5,289). Forecasts are projections, not guarantees.

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

About ¥15.5 billion: land ¥8.0 billion and buildings ¥7.5 billion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥13.6 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.