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 |
|---|---|---|---|---|---|---|
| 1201 | Ogano Town Saitama |
46/100 | ¥16K/m² | −1.2% | −5.4% | 27 |
| 1202 | Matsubushi Town Saitama |
46/100 | ¥58K/m² | +0.6% | +2.2% | 67 |
| 1203 | Urayasu City Chiba |
46/100 | ¥397K/m² | +2.8% | +39.2% | 92 |
| 1204 | Mitaka City Tokyo |
46/100 | ¥486K/m² | +5.6% | +20.4% | 93 |
| 1205 | Akishima City Tokyo |
46/100 | ¥210K/m² | +3.8% | +13.6% | 85 |
| 1206 | Machida City Tokyo |
46/100 | ¥170K/m² | +3.4% | +9.3% | 86 |
| 1207 | Koganei City Tokyo |
46/100 | ¥392K/m² | +5.2% | +17.1% | 90 |
| 1208 | Musashimurayama City Tokyo |
46/100 | ¥127K/m² | +2.3% | +8.6% | 74 |
| 1209 | Tama City Tokyo |
46/100 | ¥200K/m² | +3.8% | +11.5% | 84 |
| 1210 | Inagi City Tokyo |
46/100 | ¥268K/m² | +3.8% | +16.2% | 87 |
| 1211 | Mizuho Town Tokyo |
46/100 | ¥99K/m² | +1.8% | +8.5% | 68 |
| 1212 | Hiratsuka City Kanagawa |
46/100 | ¥142K/m² | +2.3% | +10.6% | 82 |
| 1213 | Miura City Kanagawa |
46/100 | ¥66K/m² | +1.4% | +1.3% | 64 |
| 1214 | Aikawa Town Kanagawa |
46/100 | ¥49K/m² | +0.6% | −0.2% | 61 |
| 1215 | Tonami City Toyama |
46/100 | ¥33K/m² | −0.1% | −1.0% | 56 |
| 1216 | Nanto City Toyama |
46/100 | ¥18K/m² | −0.9% | −5.2% | 37 |
| 1217 | Hodatsushimizu Town Ishikawa |
46/100 | ¥8,862/m² | −1.7% | −12.3% | 12 |
| 1218 | Sakai City Fukui |
46/100 | ¥26K/m² | −0.1% | −3.3% | 52 |
| 1219 | Iiyama City Nagano |
46/100 | ¥16K/m² | −1.0% | −5.8% | 33 |
| 1220 | Chino City Nagano |
46/100 | ¥25K/m² | ±0.0% | −4.1% | 49 |
| 1221 | Chikuma City Nagano |
46/100 | ¥29K/m² | −0.2% | −2.6% | 52 |
| 1222 | Matsukawa Town Nagano |
46/100 | ¥15K/m² | −1.0% | −7.5% | 25 |
| 1223 | Ena City Gifu |
46/100 | ¥18K/m² | −0.9% | −4.7% | 39 |
| 1224 | Minokamo City Gifu |
46/100 | ¥31K/m² | −0.2% | −0.6% | 56 |
| 1225 | Kani City Gifu |
46/100 | ¥32K/m² | −0.1% | −1.1% | 52 |
| 1226 | Gero City Gifu |
46/100 | ¥15K/m² | −0.8% | −8.2% | 30 |
| 1227 | Ginan Town Gifu |
46/100 | ¥58K/m² | +0.5% | +2.9% | 64 |
| 1228 | Anpachi Town Gifu |
46/100 | ¥35K/m² | ±0.0% | −0.6% | 51 |
| 1229 | Kosai City Shizuoka |
46/100 | ¥53K/m² | +0.5% | +1.4% | 65 |
| 1230 | Kikugawa City Shizuoka |
46/100 | ¥34K/m² | ±0.0% | −0.8% | 56 |
| 1231 | Toyota City Aichi |
46/100 | ¥108K/m² | +1.1% | +10.3% | 79 |
| 1232 | Owariasahi City Aichi |
46/100 | ¥111K/m² | +1.5% | +9.7% | 72 |
| 1233 | Kitanagoya City Aichi |
46/100 | ¥116K/m² | +1.5% | +8.5% | 74 |
| 1234 | Togo Town Aichi |
46/100 | ¥115K/m² | +1.1% | +11.1% | 70 |
| 1235 | Taketoyo Town Aichi |
46/100 | ¥61K/m² | +1.0% | +1.8% | 61 |
| 1236 | Kota Town Aichi |
46/100 | ¥92K/m² | +0.8% | +7.0% | 71 |
| 1237 | Matsusaka City Mie |
46/100 | ¥29K/m² | −0.2% | −2.5% | 55 |
| 1238 | Shima City Mie |
46/100 | ¥13K/m² | −1.3% | −7.9% | 26 |
| 1239 | Higashiomi City Shiga |
46/100 | ¥29K/m² | −0.1% | −2.4% | 56 |
| 1240 | Fukuchiyama City Kyoto |
46/100 | ¥32K/m² | −0.2% | −0.6% | 60 |
| 1241 | Nagaokakyo City Kyoto |
46/100 | ¥212K/m² | +3.5% | +16.2% | 84 |
| 1242 | Kyotanabe City Kyoto |
46/100 | ¥110K/m² | +1.6% | +7.0% | 76 |
| 1243 | Izumiotsu City Osaka |
46/100 | ¥114K/m² | +2.4% | +7.5% | 74 |
| 1244 | Hirakata City Osaka |
46/100 | ¥139K/m² | +2.3% | +11.1% | 81 |
| 1245 | Izumi City Osaka |
46/100 | ¥82K/m² | +1.4% | +3.8% | 72 |
| 1246 | Minoo City Osaka |
46/100 | ¥207K/m² | +3.6% | +13.4% | 85 |
| 1247 | Settsu City Osaka |
46/100 | ¥173K/m² | +3.4% | +10.1% | 83 |
| 1248 | Shijonawate City Osaka |
46/100 | ¥113K/m² | +1.9% | +6.7% | 74 |
| 1249 | Katano City Osaka |
46/100 | ¥117K/m² | +1.6% | +7.7% | 74 |
| 1250 | Osakasayama City Osaka |
46/100 | ¥106K/m² | +1.6% | +6.4% | 69 |
| 1251 | Nishinomiya City Hyogo |
46/100 | ¥293K/m² | +4.3% | +16.0% | 91 |
| 1252 | Ashiya City Hyogo |
46/100 | ¥401K/m² | +5.2% | +21.2% | 91 |
| 1253 | Inami Town Hyogo |
46/100 | ¥44K/m² | +0.2% | +0.3% | 60 |
| 1254 | Nara City Nara |
46/100 | ¥104K/m² | +1.8% | +7.4% | 79 |
| 1255 | Tenkawa Village Nara |
46/100 | ¥8,073/m² | −2.6% | −12.3% | 10 |
| 1256 | Totsukawa Village Nara |
46/100 | ¥7,730/m² | −2.7% | −13.3% | 8 |
| 1257 | Higashiyoshino Village Nara |
46/100 | ¥7,840/m² | −2.6% | −12.8% | 8 |
| 1258 | Hidakagawa Town Wakayama |
46/100 | ¥14K/m² | −1.2% | −7.2% | 23 |
| 1259 | Kawamoto Town Shimane |
46/100 | ¥9,954/m² | −2.0% | −9.2% | 14 |
| 1260 | Niimi City Okayama |
46/100 | ¥12K/m² | −1.4% | −8.0% | 25 |
| 1261 | Maniwa City Okayama |
46/100 | ¥12K/m² | −1.4% | −8.0% | 27 |
| 1262 | Sanagochi Village Tokushima |
46/100 | ¥9,725/m² | −1.9% | −8.9% | 16 |
| 1263 | Kamiyama Town Tokushima |
46/100 | ¥11K/m² | −1.8% | −8.5% | 17 |
| 1264 | Kamijima Town Ehime |
46/100 | ¥9,107/m² | −1.9% | −11.1% | 13 |
| 1265 | Muroto City Kochi |
46/100 | ¥13K/m² | −1.5% | −6.8% | 23 |
| 1266 | Hioki City Kagoshima |
46/100 | ¥16K/m² | −1.2% | −5.7% | 35 |
| 1267 | Isa City Kagoshima |
46/100 | ¥7,861/m² | −2.4% | −14.4% | 18 |
| 1268 | Yusui Town Kagoshima |
46/100 | ¥6,913/m² | −3.3% | −12.5% | 17 |
| 1269 | Nishi Ward Saitama City, Saitama |
46/100 | ¥119K/m² | +2.2% | +9.9% | 74 |
| 1270 | Isogo Ward Yokohama City, Kanagawa |
46/100 | ¥206K/m² | +3.4% | +12.7% | 86 |
| 1271 | Kanazawa Ward Yokohama City, Kanagawa |
46/100 | ¥203K/m² | +3.3% | +12.7% | 84 |
| 1272 | Kohoku Ward Yokohama City, Kanagawa |
46/100 | ¥378K/m² | +4.8% | +20.4% | 93 |
| 1273 | Izumi Ward Yokohama City, Kanagawa |
46/100 | ¥223K/m² | +3.2% | +14.0% | 86 |
| 1274 | Tama Ward Kawasaki City, Kanagawa |
46/100 | ¥274K/m² | +4.1% | +15.2% | 89 |
| 1275 | Miyamae Ward Kawasaki City, Kanagawa |
46/100 | ¥296K/m² | +4.8% | +15.5% | 91 |
| 1276 | Minami Ward Niigata City, Niigata |
46/100 | ¥23K/m² | −0.5% | −3.0% | 48 |
| 1277 | Naka Ward Nagoya City, Aichi |
46/100 | ¥1.20M/m² | +4.7% | +30.4% | 94 |
| 1278 | Showa Ward Nagoya City, Aichi |
46/100 | ¥332K/m² | +4.0% | +18.4% | 89 |
| 1279 | Mizuho Ward Nagoya City, Aichi |
46/100 | ¥278K/m² | +3.3% | +18.0% | 87 |
| 1280 | Minato Ward Nagoya City, Aichi |
46/100 | ¥117K/m² | +0.9% | +14.7% | 75 |
| 1281 | Meito Ward Nagoya City, Aichi |
46/100 | ¥236K/m² | +3.3% | +17.5% | 86 |
| 1282 | Tenpaku Ward Nagoya City, Aichi |
46/100 | ¥199K/m² | +3.1% | +15.2% | 82 |
| 1283 | Taisho Ward Osaka City, Osaka |
46/100 | ¥208K/m² | +4.2% | +12.9% | 84 |
| 1284 | Ikuno Ward Osaka City, Osaka |
46/100 | ¥197K/m² | +4.1% | +11.2% | 83 |
| 1285 | Hirano Ward Osaka City, Osaka |
46/100 | ¥194K/m² | +4.0% | +9.9% | 83 |
| 1286 | Hyogo Ward Kobe City, Hyogo |
46/100 | ¥211K/m² | +3.5% | +14.5% | 87 |
| 1287 | Suma Ward Kobe City, Hyogo |
46/100 | ¥154K/m² | +2.9% | +11.7% | 79 |
| 1288 | Tarumi Ward Kobe City, Hyogo |
46/100 | ¥134K/m² | +2.1% | +8.8% | 78 |
| 1289 | Fukushima Town Hokkaido |
45/100 | ¥6,690/m² | −4.0% | −17.6% | 5 |
| 1290 | Kikonai Town Hokkaido |
45/100 | ¥8,430/m² | −2.9% | −13.2% | 9 |
| 1291 | Mukawa Town Hokkaido |
45/100 | ¥7,510/m² | −2.6% | −16.0% | 7 |
| 1292 | Erimo Town Hokkaido |
45/100 | ¥6,083/m² | −4.6% | −20.1% | 4 |
| 1293 | Honbetsu Town Hokkaido |
45/100 | ¥7,500/m² | −4.4% | −13.2% | 7 |
| 1294 | Fudai Village Iwate |
45/100 | ¥9,165/m² | −2.1% | −11.3% | 12 |
| 1295 | Hirono Town Iwate |
45/100 | ¥8,958/m² | −2.3% | −12.0% | 11 |
| 1296 | Shikama Town Miyagi |
45/100 | ¥6,633/m² | −4.9% | −19.1% | 5 |
| 1297 | Mito City Ibaraki |
45/100 | ¥43K/m² | +0.2% | −0.2% | 63 |
| 1298 | Ageo City Saitama |
45/100 | ¥121K/m² | +1.6% | +8.1% | 81 |
| 1299 | Iruma City Saitama |
45/100 | ¥106K/m² | +1.4% | +5.2% | 73 |
| 1300 | Okegawa City Saitama |
45/100 | ¥95K/m² | +1.0% | +5.8% | 73 |
1795 areas · calculated Nov 3, 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.