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 |
|---|---|---|---|---|---|---|
| 1701 | Hannan City Osaka |
36/100 | ¥38K/m² | −0.6% | −4.4% | 47 |
| 1702 | Kamigori Town Hyogo |
36/100 | ¥17K/m² | −1.8% | −11.8% | 21 |
| 1703 | Tenri City Nara |
36/100 | ¥55K/m² | −0.5% | −2.6% | 53 |
| 1704 | Yoshino Town Nara |
36/100 | ¥14K/m² | −3.3% | −15.2% | 12 |
| 1705 | Shingu City Wakayama |
36/100 | ¥35K/m² | −0.7% | −4.6% | 44 |
| 1706 | Kushimoto Town Wakayama |
36/100 | ¥26K/m² | −1.2% | −5.8% | 36 |
| 1707 | Chizu Town Tottori |
36/100 | ¥14K/m² | −2.7% | −15.4% | 12 |
| 1708 | Hamada City Shimane |
36/100 | ¥21K/m² | −2.4% | −6.0% | 34 |
| 1709 | Tamano City Okayama |
36/100 | ¥30K/m² | −1.0% | −5.5% | 42 |
| 1710 | Niihama City Ehime |
36/100 | ¥35K/m² | −0.7% | −5.0% | 45 |
| 1711 | Susaki City Kochi |
36/100 | ¥28K/m² | −1.0% | −5.9% | 35 |
| 1712 | Ichikikushikino City Kagoshima |
36/100 | ¥14K/m² | −2.5% | −15.0% | 19 |
| 1713 | Sanjo City Niigata |
35/100 | ¥25K/m² | −1.3% | −6.3% | 39 |
| 1714 | Okaya City Nagano |
35/100 | ¥34K/m² | −0.6% | −5.6% | 43 |
| 1715 | Shimada City Shizuoka |
35/100 | ¥49K/m² | −0.3% | −4.2% | 53 |
| 1716 | Kisosaki Town Mie |
35/100 | ¥27K/m² | −1.0% | −7.0% | 30 |
| 1717 | Shiso City Hyogo |
35/100 | ¥21K/m² | −1.3% | −9.0% | 30 |
| 1718 | Gose City Nara |
35/100 | ¥35K/m² | −1.0% | −4.5% | 42 |
| 1719 | Takatori Town Nara |
35/100 | ¥24K/m² | −1.4% | −6.9% | 31 |
| 1720 | Takehara City Hiroshima |
35/100 | ¥31K/m² | −0.8% | −6.0% | 39 |
| 1721 | Mugi Town Tokushima |
35/100 | ¥14K/m² | −3.7% | −16.4% | 11 |
| 1722 | Minami Town Tokushima |
35/100 | ¥15K/m² | −3.2% | −15.0% | 12 |
| 1723 | Soma City Fukushima |
34/100 | ¥28K/m² | −1.5% | −5.6% | 39 |
| 1724 | Tomioka City Gunma |
34/100 | ¥23K/m² | −1.3% | −8.5% | 34 |
| 1725 | Nakanojo Town Gunma |
34/100 | ¥18K/m² | −1.9% | −12.5% | 19 |
| 1726 | Himi City Toyama |
34/100 | ¥25K/m² | −1.3% | −7.2% | 34 |
| 1727 | Nanao City Ishikawa |
34/100 | ¥15K/m² | −3.1% | −17.3% | 21 |
| 1728 | Hakui City Ishikawa |
34/100 | ¥15K/m² | −3.0% | −17.9% | 18 |
| 1729 | Nishikatsura Town Yamanashi |
34/100 | ¥22K/m² | −1.6% | −8.3% | 24 |
| 1730 | Makinohara City Shizuoka |
34/100 | ¥25K/m² | −1.2% | −7.3% | 36 |
| 1731 | Minamichita Town Aichi |
34/100 | ¥16K/m² | −2.1% | −19.0% | 18 |
| 1732 | Sumoto City Hyogo |
34/100 | ¥32K/m² | −0.5% | −7.7% | 37 |
| 1733 | Kainan City Wakayama |
34/100 | ¥42K/m² | −0.6% | −4.9% | 46 |
| 1734 | Yuasa Town Wakayama |
34/100 | ¥27K/m² | −1.0% | −8.2% | 30 |
| 1735 | Mihama Town Wakayama |
34/100 | ¥20K/m² | −1.7% | −9.8% | 21 |
| 1736 | Tsuwano Town Shimane |
34/100 | ¥16K/m² | −3.2% | −12.7% | 15 |
| 1737 | Edajima City Hiroshima |
34/100 | ¥15K/m² | −3.1% | −18.9% | 17 |
| 1738 | Tonosho Town Kagawa |
34/100 | ¥23K/m² | −1.6% | −7.5% | 30 |
| 1739 | Imabari City Ehime |
34/100 | ¥28K/m² | −1.0% | −7.5% | 44 |
| 1740 | Makurazaki City Kagoshima |
34/100 | ¥15K/m² | −2.9% | −17.3% | 17 |
| 1741 | Shimizu Ward Shizuoka City, Shizuoka |
34/100 | ¥86K/m² | −0.1% | −2.7% | 61 |
| 1742 | Ashikaga City Tochigi |
33/100 | ¥26K/m² | −1.5% | −7.1% | 33 |
| 1743 | Kashiwazaki City Niigata |
33/100 | ¥19K/m² | −2.1% | −10.3% | 29 |
| 1744 | Uenohara City Yamanashi |
33/100 | ¥36K/m² | −1.0% | −5.0% | 38 |
| 1745 | Shimosuwa Town Nagano |
33/100 | ¥41K/m² | −0.6% | −5.8% | 42 |
| 1746 | Sakaki Town Nagano |
33/100 | ¥22K/m² | −1.7% | −8.7% | 25 |
| 1747 | Yamanouchi Town Nagano |
33/100 | ¥18K/m² | −2.6% | −12.5% | 18 |
| 1748 | Shimoda City Shizuoka |
33/100 | ¥50K/m² | −0.4% | −4.9% | 47 |
| 1749 | Kawazu Town Shizuoka |
33/100 | ¥26K/m² | −1.1% | −8.3% | 29 |
| 1750 | Kumatori Town Osaka |
33/100 | ¥51K/m² | −0.7% | −4.1% | 48 |
| 1751 | Shin-onsen Town Hyogo |
33/100 | ¥20K/m² | −1.7% | −11.9% | 20 |
| 1752 | Gojo City Nara |
33/100 | ¥18K/m² | −2.8% | −11.9% | 21 |
| 1753 | Shimoichi Town Nara |
33/100 | ¥16K/m² | −3.3% | −15.8% | 13 |
| 1754 | Kure City Hiroshima |
33/100 | ¥54K/m² | −0.5% | −4.7% | 54 |
| 1755 | Miyako City Iwate |
32/100 | ¥25K/m² | −2.1% | −7.5% | 29 |
| 1756 | Ofunato City Iwate |
32/100 | ¥23K/m² | −2.0% | −8.5% | 29 |
| 1757 | Kamo City Niigata |
32/100 | ¥22K/m² | −1.9% | −9.1% | 24 |
| 1758 | Wajima City Ishikawa |
32/100 | ¥16K/m² | −4.9% | −28.0% | 20 |
| 1759 | Obama City Fukui |
32/100 | ¥33K/m² | −1.5% | −5.6% | 38 |
| 1760 | Nishiizu Town Shizuoka |
32/100 | ¥22K/m² | −1.4% | −11.3% | 24 |
| 1761 | Yoshida Town Shizuoka |
32/100 | ¥34K/m² | −1.0% | −6.9% | 38 |
| 1762 | Masuda City Shimane |
32/100 | ¥19K/m² | −2.3% | −13.1% | 27 |
| 1763 | Fuchu City Hiroshima |
32/100 | ¥22K/m² | −1.9% | −8.7% | 28 |
| 1764 | Hida City Gifu |
31/100 | ¥20K/m² | −2.4% | −13.0% | 23 |
| 1765 | Mihama Town Aichi |
31/100 | ¥22K/m² | −1.5% | −11.7% | 25 |
| 1766 | Mihara City Hiroshima |
31/100 | ¥34K/m² | −1.2% | −6.3% | 42 |
| 1767 | Ozu City Ehime |
31/100 | ¥27K/m² | −1.6% | −8.5% | 31 |
| 1768 | Itoigawa City Niigata |
30/100 | ¥22K/m² | −2.5% | −11.5% | 25 |
| 1769 | Uozu City Toyama |
30/100 | ¥31K/m² | −1.6% | −7.2% | 35 |
| 1770 | Takahama Town Fukui |
30/100 | ¥35K/m² | −1.4% | −6.8% | 32 |
| 1771 | Kannami Town Shizuoka |
30/100 | ¥71K/m² | −0.7% | −4.3% | 49 |
| 1772 | Ando Town Nara |
30/100 | ¥42K/m² | −1.4% | −4.8% | 38 |
| 1773 | Otsuchi Town Iwate |
29/100 | ¥21K/m² | −2.8% | −12.5% | 22 |
| 1774 | Yamada Town Iwate |
29/100 | ¥20K/m² | −3.5% | −16.2% | 17 |
| 1775 | Kesennuma City Miyagi |
29/100 | ¥20K/m² | −3.7% | −14.4% | 18 |
| 1776 | Ojiya City Niigata |
29/100 | ¥24K/m² | −1.9% | −10.5% | 29 |
| 1777 | Shinshiro City Aichi |
29/100 | ¥33K/m² | −2.0% | −6.7% | 36 |
| 1778 | Misaki Town Osaka |
29/100 | ¥20K/m² | −2.7% | −18.5% | 18 |
| 1779 | Oyodo Town Nara |
29/100 | ¥21K/m² | −2.8% | −12.9% | 22 |
| 1780 | Arida City Wakayama |
29/100 | ¥30K/m² | −1.4% | −9.7% | 29 |
| 1781 | Uwajima City Ehime |
29/100 | ¥30K/m² | −1.7% | −8.3% | 35 |
| 1782 | Kamaishi City Iwate |
28/100 | ¥37K/m² | −1.8% | −6.7% | 39 |
| 1783 | Higashiizu Town Shizuoka |
28/100 | ¥30K/m² | −1.4% | −9.9% | 28 |
| 1784 | Heguri Town Nara |
28/100 | ¥37K/m² | −1.1% | −8.7% | 36 |
| 1785 | Numazu City Shizuoka |
27/100 | ¥78K/m² | −0.6% | −6.0% | 52 |
| 1786 | Miyake Town Nara |
27/100 | ¥41K/m² | −1.5% | −6.9% | 35 |
| 1787 | Yawatahama City Ehime |
27/100 | ¥40K/m² | −1.3% | −7.5% | 37 |
| 1788 | Choshi City Chiba |
25/100 | ¥28K/m² | −2.9% | −10.8% | 31 |
| 1789 | Ako City Hyogo |
25/100 | ¥41K/m² | −1.8% | −7.9% | 37 |
| 1790 | Otsuki City Yamanashi |
24/100 | ¥41K/m² | −1.9% | −8.4% | 33 |
| 1791 | Izu City Shizuoka |
24/100 | ¥35K/m² | −1.8% | −11.2% | 31 |
| 1792 | Sango Town Nara |
22/100 | ¥41K/m² | −1.9% | −9.7% | 30 |
| 1793 | Kawai Town Nara |
22/100 | ¥57K/m² | −1.1% | −9.7% | 36 |
| 1794 | Izunokuni City Shizuoka |
21/100 | ¥62K/m² | −1.6% | −8.3% | 37 |
| 1795 | Kanmaki Town Nara |
20/100 | ¥47K/m² | −1.9% | −11.0% | 32 |
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.