Municipalities whose price momentum (1-year and 5-year) ranks higher than their price level (a Fudosan Zukan indicator).
Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
| Rank | Area | Undervalued | Avg. residential | 1 year | 5 years | Index |
|---|---|---|---|---|---|---|
| 1 | Kimobetsu Town Hokkaido |
90/100 | ¥5,825/m² | +5.0% | +17.0% | 60 |
| 2 | Kyogoku Town Hokkaido |
89/100 | ¥9,250/m² | +10.9% | +43.4% | 71 |
| 3 | Higashi Village Okinawa |
87/100 | ¥4,400/m² | +2.7% | +9.5% | 45 |
| 4 | Rankoshi Town Hokkaido |
86/100 | ¥9,100/m² | +6.9% | +20.1% | 66 |
| 5 | Nakafurano Town Hokkaido |
86/100 | ¥8,167/m² | +10.5% | +11.4% | 63 |
| 6 | Taketomi Town Okinawa |
86/100 | ¥8,450/m² | +2.7% | +24.1% | 55 |
| 7 | Hakuba Village Nagano |
84/100 | ¥14K/m² | +27.4% | +89.3% | 69 |
| 8 | Nanporo Town Hokkaido |
83/100 | ¥6,200/m² | +3.1% | +3.8% | 48 |
| 9 | Higashikawa Town Hokkaido |
82/100 | ¥15K/m² | +14.4% | +34.4% | 75 |
| 10 | Ine Town Kyoto |
80/100 | ¥8,600/m² | +2.0% | +6.3% | 47 |
| 11 | Nakijin Village Okinawa |
80/100 | ¥13K/m² | +6.0% | +20.8% | 62 |
| 12 | Betsukai Town Hokkaido |
79/100 | ¥5,933/m² | +0.5% | +3.0% | 49 |
| 13 | Shibetsu Town Hokkaido |
78/100 | ¥5,167/m² | +0.4% | +0.3% | 44 |
| 14 | Ogimi Village Okinawa |
78/100 | ¥11K/m² | +3.4% | +8.8% | 52 |
| 15 | Inakadate Village Aomori |
77/100 | ¥8,060/m² | +1.2% | +1.3% | 49 |
| 16 | Nishiki Town Kumamoto |
77/100 | ¥7,423/m² | +0.9% | +1.6% | 45 |
| 17 | Yamae Village Kumamoto |
77/100 | ¥5,517/m² | +0.3% | +0.8% | 37 |
| 18 | Tatsugo Town Kagoshima |
76/100 | ¥13K/m² | +3.2% | +13.8% | 58 |
| 19 | Kunigami Village Okinawa |
76/100 | ¥7,587/m² | +0.1% | +3.5% | 42 |
| 20 | Ginoza Village Okinawa |
76/100 | ¥20K/m² | +11.1% | +44.8% | 68 |
| 21 | Niseko Town Hokkaido |
75/100 | ¥22K/m² | +10.8% | +64.7% | 83 |
| 22 | Shikaoi Town Hokkaido |
75/100 | ¥4,833/m² | ±0.0% | −0.5% | 40 |
| 23 | Yoron Town Kagoshima |
75/100 | ¥6,900/m² | +0.6% | −0.3% | 39 |
| 24 | Higashikagura Town Hokkaido |
74/100 | ¥15K/m² | +3.4% | +9.5% | 65 |
| 25 | Rikubetsu Town Hokkaido |
74/100 | ¥2,950/m² | ±0.0% | −3.3% | 30 |
| 26 | Oirase Town Aomori |
74/100 | ¥13K/m² | +2.4% | +8.8% | 62 |
| 27 | Narusawa Village Yamanashi |
74/100 | ¥10K/m² | +0.9% | +3.3% | 50 |
| 28 | Minamiaso Village Kumamoto |
74/100 | ¥6,414/m² | +0.2% | −0.4% | 38 |
| 29 | Kozushima Village Tokyo |
73/100 | ¥6,975/m² | ±0.0% | ±0.0% | 37 |
| 30 | Shihoro Town Hokkaido |
72/100 | ¥7,267/m² | ±0.0% | −0.4% | 42 |
| 31 | Shintoku Town Hokkaido |
72/100 | ¥7,180/m² | ±0.0% | −0.5% | 41 |
| 32 | Tsugaru City Aomori |
72/100 | ¥6,750/m² | −0.1% | −0.9% | 39 |
| 33 | Okuma Town Fukushima |
72/100 | ¥12K/m² | +0.9% | — | 46 |
| 34 | Niijima Village Tokyo |
72/100 | ¥6,200/m² | ±0.0% | −1.7% | 33 |
| 35 | Nagomi Town Kumamoto |
72/100 | ¥4,796/m² | −0.2% | −2.3% | 32 |
| 36 | Nishihara Village Kumamoto |
72/100 | ¥17K/m² | +1.4% | +14.3% | 58 |
| 37 | Motobu Town Okinawa |
72/100 | ¥21K/m² | +7.7% | +19.6% | 71 |
| 38 | Biei Town Hokkaido |
71/100 | ¥9,960/m² | +0.5% | +0.7% | 49 |
| 39 | Kamishihoro Town Hokkaido |
71/100 | ¥4,900/m² | −0.6% | −1.5% | 32 |
| 40 | Shibayama Town Chiba |
71/100 | ¥12K/m² | +0.5% | +4.3% | 51 |
| 41 | Miyake Village Tokyo |
71/100 | ¥8,050/m² | ±0.0% | ±0.0% | 37 |
| 42 | Kikuchi City Kumamoto |
71/100 | ¥16K/m² | +1.3% | +12.1% | 63 |
| 43 | Gokase Town Miyazaki |
71/100 | ¥4,350/m² | ±0.0% | −3.5% | 29 |
| 44 | Miyakojima City Okinawa |
71/100 | ¥28K/m² | +9.5% | +71.8% | 80 |
| 45 | Hirakawa City Aomori |
70/100 | ¥9,319/m² | +0.1% | +0.3% | 46 |
| 46 | Fujisaki Town Aomori |
70/100 | ¥11K/m² | +0.5% | +1.2% | 50 |
| 47 | Rokunohe Town Aomori |
70/100 | ¥6,540/m² | −0.4% | −1.3% | 36 |
| 48 | Nozawaonsen Village Nagano |
70/100 | ¥30K/m² | +23.1% | +79.3% | 72 |
| 49 | Miyawaka City Fukuoka |
70/100 | ¥13K/m² | +0.2% | +6.0% | 52 |
| 50 | Aso City Kumamoto |
70/100 | ¥9,133/m² | +0.1% | +0.1% | 46 |
| 51 | Nankan Town Kumamoto |
70/100 | ¥6,917/m² | −0.3% | −1.2% | 36 |
| 52 | Kyowa Town Hokkaido |
69/100 | ¥8,770/m² | −0.8% | +2.9% | 40 |
| 53 | Atsuma Town Hokkaido |
69/100 | ¥5,219/m² | −0.1% | −4.0% | 30 |
| 54 | Memuro Town Hokkaido |
69/100 | ¥21K/m² | +1.6% | +31.5% | 74 |
| 55 | Makubetsu Town Hokkaido |
69/100 | ¥21K/m² | +2.1% | +23.2% | 72 |
| 56 | Nakashibetsu Town Hokkaido |
69/100 | ¥15K/m² | +1.1% | +5.0% | 60 |
| 57 | Onan Town Shimane |
69/100 | ¥4,200/m² | −0.3% | −4.5% | 26 |
| 58 | Fukuchi Town Fukuoka |
69/100 | ¥10K/m² | −0.2% | +1.0% | 40 |
| 59 | Kijo Town Miyazaki |
69/100 | ¥8,790/m² | ±0.0% | −1.1% | 37 |
| 60 | Uken Village Kagoshima |
69/100 | ¥4,045/m² | −0.6% | −3.3% | 25 |
| 61 | Tomakomai City Hokkaido |
68/100 | ¥21K/m² | +3.5% | +10.6% | 69 |
| 62 | Iwanai Town Hokkaido |
68/100 | ¥10K/m² | −0.3% | +0.7% | 42 |
| 63 | Taiki Town Hokkaido |
68/100 | ¥5,680/m² | −0.4% | −3.4% | 31 |
| 64 | Teshikaga Town Hokkaido |
68/100 | ¥5,510/m² | −0.8% | −2.4% | 32 |
| 65 | Otama Village Fukushima |
68/100 | ¥16K/m² | +0.9% | +5.2% | 62 |
| 66 | Kusatsu Town Gunma |
68/100 | ¥20K/m² | +4.4% | +5.1% | 52 |
| 67 | Yamanakako Village Yamanashi |
68/100 | ¥16K/m² | +1.2% | +4.2% | 49 |
| 68 | Miyota Town Nagano |
68/100 | ¥22K/m² | +8.1% | +11.4% | 72 |
| 69 | Kama City Fukuoka |
68/100 | ¥9,447/m² | +0.2% | −1.0% | 42 |
| 70 | Takamori Town Kumamoto |
68/100 | ¥8,900/m² | ±0.0% | −1.2% | 39 |
| 71 | Nishinoomote City Kagoshima |
68/100 | ¥15K/m² | +1.4% | +2.2% | 50 |
| 72 | Kin Town Okinawa |
68/100 | ¥31K/m² | +6.2% | +33.2% | 71 |
| 73 | Iide Town Yamagata |
67/100 | ¥3,997/m² | −1.1% | −3.2% | 26 |
| 74 | Mikawa Town Yamagata |
67/100 | ¥12K/m² | +0.3% | +0.1% | 50 |
| 75 | Showa Village Fukushima |
67/100 | ¥2,937/m² | −0.4% | −6.3% | 25 |
| 76 | Namegata City Ibaraki |
67/100 | ¥7,026/m² | −0.2% | −3.0% | 36 |
| 77 | Matsukawa Village Nagano |
67/100 | ¥17K/m² | +1.8% | +3.7% | 55 |
| 78 | Umaji Village Kochi |
67/100 | ¥6,673/m² | −0.4% | −2.7% | 29 |
| 79 | Mihara Village Kochi |
67/100 | ¥5,215/m² | −0.7% | −3.6% | 26 |
| 80 | Keisen Town Fukuoka |
67/100 | ¥17K/m² | +0.4% | +9.0% | 53 |
| 81 | Chikuzen Town Fukuoka |
67/100 | ¥32K/m² | +7.1% | +34.9% | 71 |
| 82 | Yoshinogari Town Saga |
67/100 | ¥20K/m² | +2.0% | +10.1% | 60 |
| 83 | Bungotakada City Oita |
67/100 | ¥8,648/m² | −0.3% | −1.5% | 42 |
| 84 | Furano City Hokkaido |
66/100 | ¥35K/m² | +8.1% | +30.4% | 84 |
| 85 | Engaru Town Hokkaido |
66/100 | ¥8,796/m² | −0.2% | −2.8% | 39 |
| 86 | Akkeshi Town Hokkaido |
66/100 | ¥7,460/m² | −0.9% | −1.8% | 35 |
| 87 | Hamanaka Town Hokkaido |
66/100 | ¥4,033/m² | −0.8% | −4.3% | 26 |
| 88 | Kamisu City Ibaraki |
66/100 | ¥18K/m² | +1.6% | +5.4% | 63 |
| 89 | Kozaki Town Chiba |
66/100 | ¥7,583/m² | −0.5% | −2.7% | 31 |
| 90 | Tako Town Chiba |
66/100 | ¥10K/m² | −0.2% | −0.5% | 41 |
| 91 | Otaki Town Chiba |
66/100 | ¥6,508/m² | −0.6% | −3.4% | 29 |
| 92 | Kumenan Town Okayama |
66/100 | ¥7,205/m² | −0.5% | −2.8% | 31 |
| 93 | Kotake Town Fukuoka |
66/100 | ¥9,342/m² | −0.4% | −0.6% | 35 |
| 94 | Kurate Town Fukuoka |
66/100 | ¥17K/m² | +0.3% | +4.7% | 52 |
| 95 | Kanzaki City Saga |
66/100 | ¥15K/m² | +0.5% | +2.1% | 52 |
| 96 | Hasami Town Nagasaki |
66/100 | ¥16K/m² | +0.7% | +1.9% | 49 |
| 97 | Mifune Town Kumamoto |
66/100 | ¥24K/m² | +2.4% | +16.7% | 68 |
| 98 | Kikai Town Kagoshima |
66/100 | ¥5,646/m² | −0.6% | −3.5% | 28 |
| 99 | Otaru City Hokkaido |
65/100 | ¥17K/m² | +0.7% | +3.3% | 59 |
| 100 | Otofuke Town Hokkaido |
65/100 | ¥26K/m² | +0.9% | +26.9% | 74 |
1795 areas · calculated Nov 2, 2026. Wards of designated cities are counted separately; areas with few survey sites are excluded.
Based on Japan's official land price surveys and MLIT transaction data, aggregated by Fudosan Zukan. Forecasts and the index are Fudosan Zukan indicators. Prices in Japanese yen.