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 |
|---|---|---|---|---|---|---|
| 901 | Hachioji City Tokyo |
49/100 | ¥136K/m² | +4.4% | +12.9% | 86 |
| 902 | Tachikawa City Tokyo |
49/100 | ¥309K/m² | +7.1% | +24.5% | 93 |
| 903 | Fujisawa City Kanagawa |
49/100 | ¥239K/m² | +5.5% | +21.3% | 92 |
| 904 | Chigasaki City Kanagawa |
49/100 | ¥241K/m² | +4.8% | +25.1% | 92 |
| 905 | Zushi City Kanagawa |
49/100 | ¥214K/m² | +5.8% | +21.1% | 88 |
| 906 | Yamato City Kanagawa |
49/100 | ¥230K/m² | +5.9% | +22.6% | 91 |
| 907 | Isehara City Kanagawa |
49/100 | ¥120K/m² | +2.8% | +16.2% | 77 |
| 908 | Ebina City Kanagawa |
49/100 | ¥177K/m² | +4.5% | +17.1% | 88 |
| 909 | Kiyokawa Village Kanagawa |
49/100 | ¥34K/m² | +0.2% | +0.7% | 51 |
| 910 | Chuo City Yamanashi |
49/100 | ¥29K/m² | −0.1% | −0.7% | 52 |
| 911 | Suzaka City Nagano |
49/100 | ¥31K/m² | +0.2% | −0.3% | 57 |
| 912 | Fujimi Town Nagano |
49/100 | ¥16K/m² | −0.3% | −6.0% | 36 |
| 913 | Nagiso Town Nagano |
49/100 | ¥6,523/m² | −2.2% | −11.2% | 11 |
| 914 | Shinano Town Nagano |
49/100 | ¥8,668/m² | −1.4% | −10.1% | 18 |
| 915 | Seto City Aichi |
49/100 | ¥61K/m² | +1.2% | +5.2% | 69 |
| 916 | Kasugai City Aichi |
49/100 | ¥123K/m² | +2.9% | +14.3% | 80 |
| 917 | Anjo City Aichi |
49/100 | ¥159K/m² | +2.5% | +23.7% | 82 |
| 918 | Inazawa City Aichi |
49/100 | ¥85K/m² | +2.2% | +9.2% | 73 |
| 919 | Tokai City Aichi |
49/100 | ¥110K/m² | +0.9% | +20.3% | 77 |
| 920 | Chiryu City Aichi |
49/100 | ¥157K/m² | +2.9% | +23.7% | 80 |
| 921 | Toyoake City Aichi |
49/100 | ¥130K/m² | +2.8% | +16.0% | 75 |
| 922 | Agui Town Aichi |
49/100 | ¥70K/m² | +1.5% | +8.2% | 65 |
| 923 | Tsu City Mie |
49/100 | ¥41K/m² | +0.5% | +1.3% | 66 |
| 924 | Asahi Town Mie |
49/100 | ¥49K/m² | +1.0% | +2.8% | 61 |
| 925 | Konan City Shiga |
49/100 | ¥37K/m² | +0.1% | +2.3% | 64 |
| 926 | Ryuo Town Shiga |
49/100 | ¥23K/m² | −0.6% | −0.6% | 45 |
| 927 | Ayabe City Kyoto |
49/100 | ¥28K/m² | −0.2% | −0.3% | 53 |
| 928 | Uji City Kyoto |
49/100 | ¥124K/m² | +3.4% | +12.3% | 82 |
| 929 | Izumisano City Osaka |
49/100 | ¥65K/m² | +1.6% | +4.8% | 71 |
| 930 | Takaishi City Osaka |
49/100 | ¥143K/m² | +4.0% | +14.2% | 79 |
| 931 | Kamitonda Town Wakayama |
49/100 | ¥30K/m² | ±0.0% | −0.8% | 52 |
| 932 | Yonago City Tottori |
49/100 | ¥33K/m² | +0.2% | +0.2% | 62 |
| 933 | Kurayoshi City Tottori |
49/100 | ¥20K/m² | −0.4% | −3.4% | 47 |
| 934 | Misasa Town Tottori |
49/100 | ¥13K/m² | −1.0% | −6.9% | 23 |
| 935 | Yoshika Town Shimane |
49/100 | ¥8,150/m² | −2.0% | −8.8% | 13 |
| 936 | Mimasaka City Okayama |
49/100 | ¥7,128/m² | −2.0% | −10.3% | 17 |
| 937 | Miyoshi City Hiroshima |
49/100 | ¥13K/m² | −1.2% | −6.5% | 31 |
| 938 | Otake City Hiroshima |
49/100 | ¥54K/m² | +1.1% | +3.9% | 61 |
| 939 | Waki Town Yamaguchi |
49/100 | ¥68K/m² | +1.5% | +5.7% | 64 |
| 940 | Mitoyo City Kagawa |
49/100 | ¥15K/m² | −0.9% | −5.0% | 38 |
| 941 | Miki Town Kagawa |
49/100 | ¥23K/m² | −0.1% | −2.2% | 49 |
| 942 | Goto City Nagasaki |
49/100 | ¥8,460/m² | −1.5% | −10.9% | 19 |
| 943 | Unzen City Nagasaki |
49/100 | ¥13K/m² | −1.1% | −6.0% | 33 |
| 944 | Kamiamakusa City Kumamoto |
49/100 | ¥11K/m² | −1.2% | −7.7% | 25 |
| 945 | Minamiosumi Town Kagoshima |
49/100 | ¥5,792/m² | −2.6% | −12.3% | 13 |
| 946 | China Town Kagoshima |
49/100 | ¥6,590/m² | −2.5% | −11.4% | 11 |
| 947 | Naha City Okinawa |
49/100 | ¥232K/m² | +6.0% | +21.9% | 91 |
| 948 | Inage Ward Chiba City, Chiba |
49/100 | ¥178K/m² | +5.3% | +18.8% | 85 |
| 949 | Kanagawa Ward Yokohama City, Kanagawa |
49/100 | ¥335K/m² | +7.0% | +29.6% | 95 |
| 950 | Naka Ward Yokohama City, Kanagawa |
49/100 | ¥406K/m² | +9.7% | +34.8% | 96 |
| 951 | Kawasaki Ward Kawasaki City, Kanagawa |
49/100 | ¥340K/m² | +8.2% | +33.3% | 96 |
| 952 | Chikusa Ward Nagoya City, Aichi |
49/100 | ¥327K/m² | +5.2% | +31.7% | 93 |
| 953 | Nakagyo Ward Kyoto City, Kyoto |
49/100 | ¥388K/m² | +8.9% | +33.8% | 96 |
| 954 | Fushimi Ward Kyoto City, Kyoto |
49/100 | ¥162K/m² | +4.2% | +15.0% | 85 |
| 955 | Miyakojima Ward Osaka City, Osaka |
49/100 | ¥370K/m² | +9.3% | +31.1% | 93 |
| 956 | Naka Ward Sakai City, Osaka |
49/100 | ¥115K/m² | +3.3% | +12.2% | 77 |
| 957 | Nishi Ward Sakai City, Osaka |
49/100 | ¥149K/m² | +3.8% | +14.4% | 83 |
| 958 | Asaminami Ward Hiroshima City, Hiroshima |
49/100 | ¥110K/m² | +3.0% | +13.8% | 82 |
| 959 | Chuo Ward Fukuoka City, Fukuoka |
49/100 | ¥567K/m² | +7.2% | +57.9% | 97 |
| 960 | Rumoi City Hokkaido |
48/100 | ¥9,767/m² | −1.5% | −9.1% | 17 |
| 961 | Shibetsu City Hokkaido |
48/100 | ¥7,308/m² | −2.6% | −10.5% | 11 |
| 962 | Noboribetsu City Hokkaido |
48/100 | ¥14K/m² | −1.1% | −5.9% | 29 |
| 963 | Kaminokuni Town Hokkaido |
48/100 | ¥5,033/m² | −3.5% | −15.5% | 4 |
| 964 | Imakane Town Hokkaido |
48/100 | ¥8,770/m² | −2.1% | −9.0% | 14 |
| 965 | Kuriyama Town Hokkaido |
48/100 | ¥8,600/m² | −2.0% | −8.8% | 15 |
| 966 | Shiraoi Town Hokkaido |
48/100 | ¥5,008/m² | −3.1% | −15.4% | 4 |
| 967 | Noheji Town Aomori |
48/100 | ¥11K/m² | −1.7% | −7.2% | 22 |
| 968 | Tono City Iwate |
48/100 | ¥15K/m² | −1.4% | −4.3% | 32 |
| 969 | Shizukuishi Town Iwate |
48/100 | ¥13K/m² | −1.1% | −7.3% | 25 |
| 970 | Tome City Miyagi |
48/100 | ¥10K/m² | −1.7% | −7.8% | 21 |
| 971 | Shichigahama Town Miyagi |
48/100 | ¥37K/m² | +0.3% | +0.8% | 64 |
| 972 | Yamagata City Yamagata |
48/100 | ¥58K/m² | +0.6% | +6.0% | 73 |
| 973 | Kaminoyama City Yamagata |
48/100 | ¥24K/m² | −0.3% | −2.3% | 50 |
| 974 | Minamiaizu Town Fukushima |
48/100 | ¥8,007/m² | −2.2% | −10.3% | 14 |
| 975 | Nishiaizu Town Fukushima |
48/100 | ¥6,350/m² | −3.3% | −11.9% | 9 |
| 976 | Izumizaki Village Fukushima |
48/100 | ¥10K/m² | −1.5% | −7.6% | 23 |
| 977 | Hirono Town Fukushima |
48/100 | ¥19K/m² | −1.2% | −2.2% | 43 |
| 978 | Tone Town Ibaraki |
48/100 | ¥13K/m² | −0.8% | −8.3% | 28 |
| 979 | Utsunomiya City Tochigi |
48/100 | ¥65K/m² | +1.4% | +4.6% | 74 |
| 980 | Otawara City Tochigi |
48/100 | ¥19K/m² | −0.6% | −3.8% | 42 |
| 981 | Kaminokawa Town Tochigi |
48/100 | ¥30K/m² | ±0.0% | −0.9% | 56 |
| 982 | Nogi Town Tochigi |
48/100 | ¥33K/m² | ±0.0% | −0.5% | 59 |
| 983 | Shioya Town Tochigi |
48/100 | ¥10K/m² | −1.5% | −8.1% | 21 |
| 984 | Takanezawa Town Tochigi |
48/100 | ¥28K/m² | ±0.0% | −1.3% | 56 |
| 985 | Isesaki City Gunma |
48/100 | ¥33K/m² | +0.1% | −0.2% | 58 |
| 986 | Tamamura Town Gunma |
48/100 | ¥34K/m² | ±0.0% | −0.3% | 55 |
| 987 | Kumagaya City Saitama |
48/100 | ¥51K/m² | +0.8% | +1.8% | 66 |
| 988 | Kawaguchi City Saitama |
48/100 | ¥267K/m² | +4.9% | +24.0% | 93 |
| 989 | Honjo City Saitama |
48/100 | ¥39K/m² | +0.4% | +0.7% | 60 |
| 990 | Fukaya City Saitama |
48/100 | ¥40K/m² | +0.4% | +0.8% | 61 |
| 991 | Miyoshi Town Saitama |
48/100 | ¥164K/m² | +3.5% | +14.5% | 77 |
| 992 | Yoshimi Town Saitama |
48/100 | ¥25K/m² | −0.5% | −0.7% | 49 |
| 993 | Yorii Town Saitama |
48/100 | ¥26K/m² | −0.3% | −1.9% | 50 |
| 994 | Ichikawa City Chiba |
48/100 | ¥319K/m² | +3.5% | +38.7% | 93 |
| 995 | Katsuura City Chiba |
48/100 | ¥18K/m² | −0.4% | −5.5% | 39 |
| 996 | Sakae Town Chiba |
48/100 | ¥29K/m² | ±0.0% | −1.5% | 50 |
| 997 | Ota Ward Tokyo |
48/100 | ¥635K/m² | +8.5% | +31.1% | 97 |
| 998 | Adachi Ward Tokyo |
48/100 | ¥413K/m² | +6.6% | +26.2% | 95 |
| 999 | Katsushika Ward Tokyo |
48/100 | ¥387K/m² | +7.2% | +25.9% | 95 |
| 1000 | Edogawa Ward Tokyo |
48/100 | ¥439K/m² | +6.4% | +24.6% | 95 |
1795 areas · calculated Nov 4, 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.