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 |
|---|---|---|---|---|---|---|
| 1601 | Kawanishi Town Nara |
40/100 | ¥50K/m² | −0.5% | −0.4% | 47 |
| 1602 | Hashimoto City Wakayama |
40/100 | ¥31K/m² | −0.6% | −4.0% | 44 |
| 1603 | Katsuragi Town Wakayama |
40/100 | ¥20K/m² | −1.1% | −6.1% | 32 |
| 1604 | Aridagawa Town Wakayama |
40/100 | ¥29K/m² | −0.4% | −4.7% | 42 |
| 1605 | Suooshima Town Yamaguchi |
40/100 | ¥12K/m² | −2.6% | −11.7% | 19 |
| 1606 | Kaminoseki Town Yamaguchi |
40/100 | ¥11K/m² | −3.4% | −15.2% | 8 |
| 1607 | Mima City Tokushima |
40/100 | ¥14K/m² | −2.0% | −9.3% | 22 |
| 1608 | Higashikagawa City Kagawa |
40/100 | ¥17K/m² | −1.8% | −7.8% | 26 |
| 1609 | Matsuyama City Ehime |
40/100 | ¥86K/m² | +0.3% | ±0.0% | 69 |
| 1610 | Sukumo City Kochi |
40/100 | ¥18K/m² | −1.6% | −7.5% | 26 |
| 1611 | Kami City Kochi |
40/100 | ¥36K/m² | −0.5% | −2.7% | 51 |
| 1612 | Kosa Town Kumamoto |
40/100 | ¥13K/m² | −2.1% | −11.0% | 22 |
| 1613 | Tokunoshima Town Kagoshima |
40/100 | ¥19K/m² | −1.7% | −6.3% | 29 |
| 1614 | Motegi Town Tochigi |
39/100 | ¥12K/m² | −2.9% | −14.5% | 12 |
| 1615 | Ichikai Town Tochigi |
39/100 | ¥14K/m² | −2.2% | −11.8% | 16 |
| 1616 | Fujioka City Gunma |
39/100 | ¥23K/m² | −1.0% | −5.9% | 39 |
| 1617 | Annaka City Gunma |
39/100 | ¥20K/m² | −1.0% | −8.0% | 34 |
| 1618 | Kaga City Ishikawa |
39/100 | ¥19K/m² | −1.3% | −7.6% | 34 |
| 1619 | Yamanashi City Yamanashi |
39/100 | ¥22K/m² | −1.2% | −5.7% | 35 |
| 1620 | Gifu City Gifu |
39/100 | ¥68K/m² | ±0.0% | −0.7% | 67 |
| 1621 | Gujo City Gifu |
39/100 | ¥22K/m² | −1.1% | −5.7% | 38 |
| 1622 | Fujinomiya City Shizuoka |
39/100 | ¥37K/m² | −0.5% | −3.1% | 51 |
| 1623 | Tsushima City Aichi |
39/100 | ¥59K/m² | ±0.0% | −1.3% | 56 |
| 1624 | Aisai City Aichi |
39/100 | ¥52K/m² | −0.3% | −1.7% | 52 |
| 1625 | Kumano City Mie |
39/100 | ¥23K/m² | −0.9% | −5.9% | 33 |
| 1626 | Kihoku Town Mie |
39/100 | ¥17K/m² | −1.6% | −8.6% | 24 |
| 1627 | Kiho Town Mie |
39/100 | ¥18K/m² | −1.3% | −8.4% | 24 |
| 1628 | Maibara City Shiga |
39/100 | ¥27K/m² | −0.7% | −5.5% | 42 |
| 1629 | Kizugawa City Kyoto |
39/100 | ¥61K/m² | +0.3% | −2.7% | 58 |
| 1630 | Kashiwara City Osaka |
39/100 | ¥101K/m² | +0.4% | +0.7% | 65 |
| 1631 | Toyooka City Hyogo |
39/100 | ¥29K/m² | −0.7% | −4.7% | 39 |
| 1632 | Sakurai City Nara |
39/100 | ¥50K/m² | −0.2% | −2.5% | 53 |
| 1633 | Ikaruga Town Nara |
39/100 | ¥76K/m² | ±0.0% | −0.7% | 60 |
| 1634 | Gobo City Wakayama |
39/100 | ¥23K/m² | −0.8% | −6.3% | 35 |
| 1635 | Matsushige Town Tokushima |
39/100 | ¥36K/m² | −0.8% | −2.2% | 46 |
| 1636 | Tsurugi Town Tokushima |
39/100 | ¥14K/m² | −2.4% | −11.4% | 17 |
| 1637 | Kotohira Town Kagawa |
39/100 | ¥23K/m² | −1.1% | −5.6% | 34 |
| 1638 | Ninohe City Iwate |
38/100 | ¥18K/m² | −1.6% | −8.7% | 24 |
| 1639 | Iwate Town Iwate |
38/100 | ¥12K/m² | −2.8% | −19.1% | 10 |
| 1640 | Iwaizumi Town Iwate |
38/100 | ¥14K/m² | −2.6% | −11.8% | 16 |
| 1641 | Minamisoma City Fukushima |
38/100 | ¥20K/m² | −1.8% | −6.1% | 34 |
| 1642 | Minamiashigara City Kanagawa |
38/100 | ¥59K/m² | +0.1% | −2.9% | 54 |
| 1643 | Anamizu Town Ishikawa |
38/100 | ¥12K/m² | −2.8% | −18.0% | 14 |
| 1644 | Tatsuno Town Nagano |
38/100 | ¥15K/m² | −1.8% | −10.4% | 20 |
| 1645 | Agematsu Town Nagano |
38/100 | ¥12K/m² | −3.2% | −14.6% | 10 |
| 1646 | Sekigahara Town Gifu |
38/100 | ¥18K/m² | −1.7% | −8.2% | 22 |
| 1647 | Sakahogi Town Gifu |
38/100 | ¥23K/m² | −0.9% | −6.4% | 31 |
| 1648 | Fuji City Shizuoka |
38/100 | ¥60K/m² | −0.2% | −2.0% | 61 |
| 1649 | Yaizu City Shizuoka |
38/100 | ¥47K/m² | −0.1% | −3.6% | 53 |
| 1650 | Susono City Shizuoka |
38/100 | ¥71K/m² | ±0.0% | −1.4% | 59 |
| 1651 | Shimizu Town Shizuoka |
38/100 | ¥113K/m² | +0.5% | +0.1% | 64 |
| 1652 | Takashima City Shiga |
38/100 | ¥16K/m² | −1.7% | −11.2% | 28 |
| 1653 | Nantan City Kyoto |
38/100 | ¥28K/m² | −0.9% | −4.7% | 45 |
| 1654 | Wazuka Town Kyoto |
38/100 | ¥13K/m² | −3.1% | −13.2% | 11 |
| 1655 | Habikino City Osaka |
38/100 | ¥89K/m² | +0.2% | −0.3% | 65 |
| 1656 | Tawaramoto Town Nara |
38/100 | ¥69K/m² | −0.3% | −0.7% | 59 |
| 1657 | Asuka Village Nara |
38/100 | ¥44K/m² | −0.5% | −2.4% | 47 |
| 1658 | Onomichi City Hiroshima |
38/100 | ¥38K/m² | −0.5% | −3.5% | 54 |
| 1659 | Yoshinogawa City Tokushima |
38/100 | ¥22K/m² | −1.3% | −5.8% | 36 |
| 1660 | Higashimiyoshi Town Tokushima |
38/100 | ¥18K/m² | −1.6% | −8.2% | 25 |
| 1661 | Sakaide City Kagawa |
38/100 | ¥31K/m² | −0.8% | −3.8% | 48 |
| 1662 | Saijo City Ehime |
38/100 | ¥30K/m² | −0.6% | −5.4% | 46 |
| 1663 | Tobe Town Ehime |
38/100 | ¥36K/m² | −0.4% | −4.9% | 43 |
| 1664 | Minamata City Kumamoto |
38/100 | ¥24K/m² | −1.4% | −4.5% | 38 |
| 1665 | Kiryu City Gunma |
37/100 | ¥24K/m² | −0.9% | −7.2% | 41 |
| 1666 | Shimonita Town Gunma |
37/100 | ¥13K/m² | −2.5% | −14.6% | 13 |
| 1667 | Nagaoka City Niigata |
37/100 | ¥32K/m² | −0.8% | −4.5% | 52 |
| 1668 | Joetsu City Niigata |
37/100 | ¥19K/m² | −1.6% | −8.0% | 38 |
| 1669 | Tagami Town Niigata |
37/100 | ¥15K/m² | −2.2% | −11.9% | 17 |
| 1670 | Ono City Fukui |
37/100 | ¥13K/m² | −3.5% | −15.8% | 15 |
| 1671 | Suwa City Nagano |
37/100 | ¥37K/m² | −0.6% | −4.3% | 45 |
| 1672 | Minowa Town Nagano |
37/100 | ¥20K/m² | −1.2% | −8.4% | 30 |
| 1673 | Tarui Town Gifu |
37/100 | ¥34K/m² | −0.7% | −4.6% | 44 |
| 1674 | Gamagori City Aichi |
37/100 | ¥64K/m² | −0.5% | −1.5% | 57 |
| 1675 | Tahara City Aichi |
37/100 | ¥33K/m² | −1.0% | −3.6% | 47 |
| 1676 | Maizuru City Kyoto |
37/100 | ¥40K/m² | −0.8% | −2.8% | 49 |
| 1677 | Sennan City Osaka |
37/100 | ¥42K/m² | −0.6% | −3.6% | 48 |
| 1678 | Toyono Town Osaka |
37/100 | ¥34K/m² | −0.7% | −4.6% | 42 |
| 1679 | Kanan Town Osaka |
37/100 | ¥31K/m² | −0.8% | −5.2% | 39 |
| 1680 | Minamiawaji City Hyogo |
37/100 | ¥22K/m² | −0.9% | −8.8% | 35 |
| 1681 | Kami Town Hyogo |
37/100 | ¥15K/m² | −1.9% | −13.5% | 17 |
| 1682 | Koryo Town Nara |
37/100 | ¥61K/m² | −0.3% | −1.8% | 51 |
| 1683 | Kudoyama Town Wakayama |
37/100 | ¥18K/m² | −1.4% | −9.7% | 21 |
| 1684 | Yura Town Wakayama |
37/100 | ¥18K/m² | −1.6% | −9.5% | 20 |
| 1685 | Oda City Shimane |
37/100 | ¥17K/m² | −2.0% | −9.0% | 27 |
| 1686 | Yasugi City Shimane |
37/100 | ¥19K/m² | −1.8% | −8.6% | 27 |
| 1687 | Komatsushima City Tokushima |
37/100 | ¥30K/m² | −1.0% | −4.5% | 42 |
| 1688 | Miyoshi City Tokushima |
37/100 | ¥17K/m² | −2.0% | −9.7% | 26 |
| 1689 | Iyo City Ehime |
37/100 | ¥31K/m² | −0.7% | −4.9% | 42 |
| 1690 | Toon City Ehime |
37/100 | ¥41K/m² | −0.4% | −4.2% | 48 |
| 1691 | Aki City Kochi |
37/100 | ¥26K/m² | −1.1% | −5.7% | 37 |
| 1692 | Tenryu-ku Hamamatsu City, Shizuoka |
37/100 | ¥15K/m² | −2.4% | −11.6% | 24 |
| 1693 | Kuji City Iwate |
36/100 | ¥16K/m² | −3.0% | −11.9% | 16 |
| 1694 | Ichinohe Town Iwate |
36/100 | ¥14K/m² | −3.4% | −15.3% | 12 |
| 1695 | Ishinomaki City Miyagi |
36/100 | ¥29K/m² | −1.2% | −5.2% | 41 |
| 1696 | Takaoka City Toyama |
36/100 | ¥30K/m² | −1.0% | −5.0% | 47 |
| 1697 | Ichikawamisato Town Yamanashi |
36/100 | ¥19K/m² | −1.6% | −8.8% | 24 |
| 1698 | Matsuzaki Town Shizuoka |
36/100 | ¥18K/m² | −1.1% | −13.0% | 20 |
| 1699 | Nagahama City Shiga |
36/100 | ¥24K/m² | −1.3% | −6.7% | 41 |
| 1700 | Ide Town Kyoto |
36/100 | ¥31K/m² | −0.4% | −7.3% | 36 |
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.