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 |
|---|---|---|---|---|---|---|
| 1501 | Ibigawa Town Gifu |
42/100 | ¥12K/m² | −2.1% | −10.1% | 20 |
| 1502 | Ono Town Gifu |
42/100 | ¥23K/m² | −0.6% | −5.3% | 38 |
| 1503 | Kakegawa City Shizuoka |
42/100 | ¥44K/m² | ±0.0% | −1.8% | 61 |
| 1504 | Gotenba City Shizuoka |
42/100 | ¥66K/m² | +0.3% | +0.4% | 64 |
| 1505 | Owase City Mie |
42/100 | ¥20K/m² | −0.9% | −6.4% | 31 |
| 1506 | Toba City Mie |
42/100 | ¥19K/m² | −0.9% | −6.9% | 28 |
| 1507 | Kaizuka City Osaka |
42/100 | ¥60K/m² | +0.1% | +0.3% | 60 |
| 1508 | Yao City Osaka |
42/100 | ¥130K/m² | +0.9% | +4.9% | 78 |
| 1509 | Matsubara City Osaka |
42/100 | ¥117K/m² | +0.5% | +4.5% | 73 |
| 1510 | Fujiidera City Osaka |
42/100 | ¥136K/m² | +1.1% | +3.9% | 71 |
| 1511 | Tadaoka Town Osaka |
42/100 | ¥89K/m² | +0.5% | +2.6% | 59 |
| 1512 | Yabu City Hyogo |
42/100 | ¥18K/m² | −0.9% | −7.7% | 28 |
| 1513 | Yamatotakada City Nara |
42/100 | ¥68K/m² | +0.2% | +0.1% | 62 |
| 1514 | Kashiba City Nara |
42/100 | ¥82K/m² | +0.4% | +1.2% | 67 |
| 1515 | Wakayama City Wakayama |
42/100 | ¥66K/m² | +0.3% | +0.1% | 67 |
| 1516 | Nachikatsuura Town Wakayama |
42/100 | ¥22K/m² | −0.7% | −5.8% | 35 |
| 1517 | Gotsu City Shimane |
42/100 | ¥16K/m² | −1.5% | −7.5% | 30 |
| 1518 | Ishii Town Tokushima |
42/100 | ¥31K/m² | −0.6% | −3.1% | 47 |
| 1519 | Sanuki City Kagawa |
42/100 | ¥21K/m² | −1.0% | −5.0% | 37 |
| 1520 | Uchiko Town Ehime |
42/100 | ¥21K/m² | −0.9% | −5.5% | 35 |
| 1521 | Tosa City Kochi |
42/100 | ¥29K/m² | −0.5% | −3.5% | 44 |
| 1522 | Shimabara City Nagasaki |
42/100 | ¥20K/m² | −1.0% | −6.6% | 35 |
| 1523 | Minamishimabara City Nagasaki |
42/100 | ¥12K/m² | −2.0% | −10.8% | 21 |
| 1524 | Amakusa City Kumamoto |
42/100 | ¥17K/m² | −1.5% | −6.5% | 32 |
| 1525 | Usuki City Oita |
42/100 | ¥24K/m² | −0.7% | −4.2% | 45 |
| 1526 | Nichinan City Miyazaki |
42/100 | ¥16K/m² | −1.8% | −7.4% | 31 |
| 1527 | Satsumasendai City Kagoshima |
42/100 | ¥12K/m² | −2.1% | −10.4% | 29 |
| 1528 | Aoba Ward Yokohama City, Kanagawa |
42/100 | ¥337K/m² | +3.0% | +12.2% | 89 |
| 1529 | Nishi Ward Niigata City, Niigata |
42/100 | ¥57K/m² | −0.1% | ±0.0% | 62 |
| 1530 | Suruga Ward Shizuoka City, Shizuoka |
42/100 | ¥129K/m² | +1.3% | +3.4% | 76 |
| 1531 | Date City Hokkaido |
41/100 | ¥17K/m² | −1.4% | −8.2% | 26 |
| 1532 | Yakumo Town Hokkaido |
41/100 | ¥12K/m² | −2.1% | −12.3% | 14 |
| 1533 | Osaki City Miyagi |
41/100 | ¥21K/m² | −1.7% | −4.3% | 35 |
| 1534 | Yamatsuri Town Fukushima |
41/100 | ¥9,020/m² | −4.1% | −18.2% | 7 |
| 1535 | Hanawa Town Fukushima |
41/100 | ¥12K/m² | −2.2% | −10.6% | 17 |
| 1536 | Yaita City Tochigi |
41/100 | ¥20K/m² | −1.1% | −6.2% | 33 |
| 1537 | Nasukarasuyama City Tochigi |
41/100 | ¥11K/m² | −2.9% | −13.4% | 12 |
| 1538 | Kasukabe City Saitama |
41/100 | ¥87K/m² | +0.1% | +1.7% | 68 |
| 1539 | Kuki City Saitama |
41/100 | ¥60K/m² | −0.1% | −0.2% | 63 |
| 1540 | Shiraoka City Saitama |
41/100 | ¥85K/m² | +0.3% | +1.4% | 67 |
| 1541 | Hatoyama Town Saitama |
41/100 | ¥29K/m² | −0.7% | −3.9% | 44 |
| 1542 | Matsuda Town Kanagawa |
41/100 | ¥95K/m² | +0.6% | +0.5% | 61 |
| 1543 | Tsubame City Niigata |
41/100 | ¥29K/m² | −0.7% | −3.8% | 49 |
| 1544 | Gosen City Niigata |
41/100 | ¥21K/m² | −1.2% | −5.5% | 39 |
| 1545 | Namerikawa City Toyama |
41/100 | ¥21K/m² | −1.1% | −5.4% | 37 |
| 1546 | Kurobe City Toyama |
41/100 | ¥24K/m² | −0.9% | −4.7% | 41 |
| 1547 | Echizen City Fukui |
41/100 | ¥26K/m² | −0.6% | −4.9% | 44 |
| 1548 | Mihama Town Fukui |
41/100 | ¥13K/m² | −1.8% | −10.4% | 17 |
| 1549 | Wakasa Town Fukui |
41/100 | ¥13K/m² | −1.6% | −12.3% | 16 |
| 1550 | Koumi Town Nagano |
41/100 | ¥17K/m² | −1.6% | −7.0% | 23 |
| 1551 | Kakamigahara City Gifu |
41/100 | ¥47K/m² | −0.2% | −1.8% | 56 |
| 1552 | Godo Town Gifu |
41/100 | ¥31K/m² | −0.6% | −3.1% | 43 |
| 1553 | Toyokawa City Aichi |
41/100 | ¥72K/m² | ±0.0% | +0.3% | 63 |
| 1554 | Nishio City Aichi |
41/100 | ¥63K/m² | ±0.0% | −0.4% | 62 |
| 1555 | Oharu Town Aichi |
41/100 | ¥79K/m² | +0.3% | +0.1% | 60 |
| 1556 | Higashiosaka City Osaka |
41/100 | ¥151K/m² | +1.1% | +3.8% | 78 |
| 1557 | Aioi City Hyogo |
41/100 | ¥40K/m² | −0.2% | −2.2% | 51 |
| 1558 | Uda City Nara |
41/100 | ¥22K/m² | −1.1% | −5.0% | 37 |
| 1559 | Tanabe City Wakayama |
41/100 | ¥43K/m² | −0.1% | −1.9% | 58 |
| 1560 | Hirogawa Town Wakayama |
41/100 | ¥22K/m² | −0.6% | −5.9% | 33 |
| 1561 | Nishinoshima Town Shimane |
41/100 | ¥13K/m² | −1.9% | −10.1% | 15 |
| 1562 | Okinoshima Town Shimane |
41/100 | ¥14K/m² | −2.3% | −9.0% | 20 |
| 1563 | Bizen City Okayama |
41/100 | ¥18K/m² | −1.3% | −6.9% | 30 |
| 1564 | Osakikamijima Town Hiroshima |
41/100 | ¥12K/m² | −2.5% | −12.0% | 13 |
| 1565 | Tokushima City Tokushima |
41/100 | ¥74K/m² | +0.2% | ±0.0% | 66 |
| 1566 | Kaiyo Town Tokushima |
41/100 | ¥11K/m² | −2.7% | −13.1% | 16 |
| 1567 | Shikokuchuo City Ehime |
41/100 | ¥36K/m² | −0.3% | −2.9% | 54 |
| 1568 | Ainan Town Ehime |
41/100 | ¥14K/m² | −2.0% | −8.9% | 20 |
| 1569 | Kochi City Kochi |
41/100 | ¥76K/m² | +0.2% | −0.3% | 67 |
| 1570 | Buzen City Fukuoka |
41/100 | ¥18K/m² | −1.6% | −6.3% | 30 |
| 1571 | Tsukumi City Oita |
41/100 | ¥21K/m² | −1.0% | −5.8% | 33 |
| 1572 | Hamana-ku Hamamatsu City, Shizuoka |
41/100 | ¥49K/m² | −0.2% | −0.9% | 57 |
| 1573 | Muroran City Hokkaido |
40/100 | ¥15K/m² | −1.9% | −9.4% | 21 |
| 1574 | Esashi Town Hokkaido |
40/100 | ¥9,800/m² | −3.9% | −18.0% | 8 |
| 1575 | Hiraizumi Town Iwate |
40/100 | ¥18K/m² | −1.3% | −7.4% | 29 |
| 1576 | Kami Town Miyagi |
40/100 | ¥10K/m² | −4.5% | −15.3% | 10 |
| 1577 | Minamisanriku Town Miyagi |
40/100 | ¥11K/m² | −3.7% | −12.7% | 12 |
| 1578 | Mashiko Town Tochigi |
40/100 | ¥17K/m² | −1.1% | −9.0% | 26 |
| 1579 | Numata City Gunma |
40/100 | ¥27K/m² | −0.6% | −4.9% | 44 |
| 1580 | Minakami Town Gunma |
40/100 | ¥15K/m² | −1.8% | −10.7% | 18 |
| 1581 | Satte City Saitama |
40/100 | ¥45K/m² | −0.4% | −1.7% | 52 |
| 1582 | Ina Town Saitama |
40/100 | ¥84K/m² | ±0.0% | +0.9% | 61 |
| 1583 | Yamakita Town Kanagawa |
40/100 | ¥38K/m² | −0.1% | −3.9% | 43 |
| 1584 | Kaisei Town Kanagawa |
40/100 | ¥101K/m² | +0.7% | +0.6% | 65 |
| 1585 | Manazuru Town Kanagawa |
40/100 | ¥50K/m² | +0.2% | −3.4% | 46 |
| 1586 | Minamiuonuma City Niigata |
40/100 | ¥15K/m² | −1.8% | −8.8% | 26 |
| 1587 | Yahiko Village Niigata |
40/100 | ¥22K/m² | −1.1% | −5.7% | 32 |
| 1588 | Kamiichi Town Toyama |
40/100 | ¥18K/m² | −1.5% | −7.3% | 27 |
| 1589 | Asahi Town Toyama |
40/100 | ¥17K/m² | −1.6% | −8.4% | 24 |
| 1590 | Katsuyama City Fukui |
40/100 | ¥13K/m² | −2.4% | −10.1% | 18 |
| 1591 | Koshu City Yamanashi |
40/100 | ¥20K/m² | −1.1% | −6.7% | 32 |
| 1592 | Komagane City Nagano |
40/100 | ¥19K/m² | −1.2% | −7.1% | 32 |
| 1593 | Kiso Town Nagano |
40/100 | ¥12K/m² | −2.7% | −13.9% | 14 |
| 1594 | Seki City Gifu |
40/100 | ¥24K/m² | −1.0% | −4.7% | 44 |
| 1595 | Motosu City Gifu |
40/100 | ¥23K/m² | −1.0% | −4.7% | 40 |
| 1596 | Yaotsu Town Gifu |
40/100 | ¥15K/m² | −2.0% | −9.1% | 21 |
| 1597 | Ito City Shizuoka |
40/100 | ¥45K/m² | −0.1% | −2.7% | 55 |
| 1598 | Miyazu City Kyoto |
40/100 | ¥19K/m² | −1.5% | −6.5% | 32 |
| 1599 | Taishi Town Osaka |
40/100 | ¥48K/m² | −0.1% | −1.9% | 52 |
| 1600 | Katsuragi City Nara |
40/100 | ¥55K/m² | −0.1% | −1.7% | 55 |
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.