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 |
|---|---|---|---|---|---|---|
| 101 | Shibecha Town Hokkaido |
65/100 | ¥5,570/m² | −1.2% | −2.6% | 30 |
| 102 | Rausu Town Hokkaido |
65/100 | ¥7,600/m² | −0.3% | −3.6% | 34 |
| 103 | Yamamoto Town Miyagi |
65/100 | ¥12K/m² | −0.3% | +0.7% | 44 |
| 104 | Hachijo Town Tokyo |
65/100 | ¥8,825/m² | −0.5% | −1.5% | 35 |
| 105 | Naoshima Town Kagawa |
65/100 | ¥21K/m² | +2.4% | +6.4% | 57 |
| 106 | Ukiha City Fukuoka |
65/100 | ¥15K/m² | −0.5% | +6.6% | 51 |
| 107 | Miyama City Fukuoka |
65/100 | ¥16K/m² | +0.5% | +1.4% | 53 |
| 108 | Oto Town Fukuoka |
65/100 | ¥9,662/m² | ±0.0% | −2.6% | 34 |
| 109 | Aka Village Fukuoka |
65/100 | ¥4,917/m² | −1.1% | −3.8% | 21 |
| 110 | Onna Village Okinawa |
65/100 | ¥42K/m² | +9.2% | +47.9% | 79 |
| 111 | Eniwa City Hokkaido |
64/100 | ¥46K/m² | +5.7% | +84.2% | 88 |
| 112 | Nanae Town Hokkaido |
64/100 | ¥20K/m² | +0.6% | +9.6% | 64 |
| 113 | Oshamanbe Town Hokkaido |
64/100 | ¥5,660/m² | −0.8% | −4.8% | 24 |
| 114 | Abira Town Hokkaido |
64/100 | ¥5,198/m² | +0.5% | −9.5% | 24 |
| 115 | Shimizu Town Hokkaido |
64/100 | ¥5,520/m² | −0.7% | −4.9% | 26 |
| 116 | Itayanagi Town Aomori |
64/100 | ¥8,710/m² | ±0.0% | −4.5% | 35 |
| 117 | Shonai Town Yamagata |
64/100 | ¥11K/m² | −0.1% | −1.5% | 42 |
| 118 | Kagamiishi Town Fukushima |
64/100 | ¥21K/m² | +1.8% | +6.1% | 67 |
| 119 | Tamakawa Village Fukushima |
64/100 | ¥9,836/m² | −0.2% | −2.3% | 41 |
| 120 | Namie Town Fukushima |
64/100 | ¥16K/m² | +0.2% | +1.7% | 52 |
| 121 | Hokota City Ibaraki |
64/100 | ¥9,906/m² | −0.1% | −2.9% | 39 |
| 122 | Yokoshibahikari Town Chiba |
64/100 | ¥11K/m² | −0.3% | −0.6% | 43 |
| 123 | Kahoku City Ishikawa |
64/100 | ¥25K/m² | +3.0% | +11.9% | 69 |
| 124 | Ama Town Shimane |
64/100 | ¥5,983/m² | −0.8% | −4.0% | 23 |
| 125 | Otsuki Town Kochi |
64/100 | ¥7,700/m² | −0.6% | −3.2% | 28 |
| 126 | Iizuka City Fukuoka |
64/100 | ¥23K/m² | +1.5% | +13.9% | 66 |
| 127 | Tachiarai Town Fukuoka |
64/100 | ¥26K/m² | +2.8% | +14.6% | 67 |
| 128 | Taku City Saga |
64/100 | ¥12K/m² | −0.3% | −0.6% | 40 |
| 129 | Kiyama Town Saga |
64/100 | ¥42K/m² | +6.6% | +32.7% | 77 |
| 130 | Ojika Town Nagasaki |
64/100 | ¥5,170/m² | −0.6% | −5.6% | 24 |
| 131 | Saza Town Nagasaki |
64/100 | ¥23K/m² | +2.7% | +10.2% | 61 |
| 132 | Nagasu Town Kumamoto |
64/100 | ¥13K/m² | −0.1% | ±0.0% | 44 |
| 133 | Taragi Town Kumamoto |
64/100 | ¥5,733/m² | −0.7% | −4.2% | 26 |
| 134 | Usa City Oita |
64/100 | ¥9,867/m² | −0.2% | −2.2% | 45 |
| 135 | Bungoono City Oita |
64/100 | ¥9,084/m² | −0.5% | −2.4% | 40 |
| 136 | Mimata Town Miyazaki |
64/100 | ¥16K/m² | +0.4% | +1.2% | 55 |
| 137 | Morotsuka Village Miyazaki |
64/100 | ¥2,060/m² | −1.1% | −5.9% | 16 |
| 138 | Misato Town Miyazaki |
64/100 | ¥4,173/m² | −0.8% | −5.7% | 22 |
| 139 | Hinokage Town Miyazaki |
64/100 | ¥3,980/m² | −0.8% | −5.6% | 20 |
| 140 | Nago City Okinawa |
64/100 | ¥36K/m² | +6.8% | +22.3% | 77 |
| 141 | Naganuma Town Hokkaido |
63/100 | ¥10K/m² | −0.2% | −2.8% | 37 |
| 142 | Niikappu Town Hokkaido |
63/100 | ¥6,650/m² | −0.5% | −5.2% | 28 |
| 143 | Ohira Village Miyagi |
63/100 | ¥21K/m² | +1.6% | +5.9% | 66 |
| 144 | Kawauchi Village Fukushima |
63/100 | ¥3,583/m² | −1.0% | −6.1% | 23 |
| 145 | Iitate Village Fukushima |
63/100 | ¥4,400/m² | −1.0% | −5.0% | 21 |
| 146 | Ichinomiya Town Chiba |
63/100 | ¥26K/m² | +2.6% | +13.0% | 67 |
| 147 | Oshima Town Tokyo |
63/100 | ¥7,740/m² | −0.8% | −3.3% | 28 |
| 148 | Seiro Town Niigata |
63/100 | ¥12K/m² | −0.5% | +0.3% | 43 |
| 149 | Achi Village Nagano |
63/100 | ¥4,882/m² | −0.9% | −5.7% | 22 |
| 150 | Ikeda Town Nagano |
63/100 | ¥11K/m² | −0.2% | −1.6% | 38 |
| 151 | Hisayama Town Fukuoka |
63/100 | ¥43K/m² | +7.2% | +35.1% | 74 |
| 152 | Ureshino City Saga |
63/100 | ¥17K/m² | +0.6% | +1.4% | 47 |
| 153 | Hirado City Nagasaki |
63/100 | ¥11K/m² | ±0.0% | −3.0% | 39 |
| 154 | Yamaga City Kumamoto |
63/100 | ¥14K/m² | ±0.0% | −0.8% | 49 |
| 155 | Minamioguni Town Kumamoto |
63/100 | ¥9,633/m² | −0.4% | −2.8% | 33 |
| 156 | Kadogawa Town Miyazaki |
63/100 | ¥16K/m² | +0.4% | +0.2% | 49 |
| 157 | Nemuro City Hokkaido |
62/100 | ¥11K/m² | −0.4% | −1.9% | 42 |
| 158 | Chitose City Hokkaido |
62/100 | ¥64K/m² | +11.7% | +103.3% | 92 |
| 159 | Kitahiroshima City Hokkaido |
62/100 | ¥46K/m² | +3.4% | +81.2% | 86 |
| 160 | Kushiro Town Hokkaido |
62/100 | ¥18K/m² | +0.1% | +2.4% | 56 |
| 161 | Mogami Town Yamagata |
62/100 | ¥6,670/m² | −0.9% | −4.6% | 26 |
| 162 | Funagata Town Yamagata |
62/100 | ¥6,633/m² | −1.2% | −3.5% | 26 |
| 163 | Bandai Town Fukushima |
62/100 | ¥7,735/m² | −1.1% | −3.1% | 30 |
| 164 | Inashiki City Ibaraki |
62/100 | ¥8,341/m² | −0.9% | −3.3% | 32 |
| 165 | Sanmu City Chiba |
62/100 | ¥13K/m² | −0.1% | −1.1% | 49 |
| 166 | Kyonan Town Chiba |
62/100 | ¥13K/m² | ±0.0% | −1.8% | 42 |
| 167 | Fujikawaguchiko Town Yamanashi |
62/100 | ¥24K/m² | +2.4% | +6.1% | 59 |
| 168 | Kitagawa Village Kochi |
62/100 | ¥8,395/m² | −0.7% | −3.5% | 29 |
| 169 | Tsuno Town Kochi |
62/100 | ¥11K/m² | −0.4% | −2.4% | 37 |
| 170 | Nogata City Fukuoka |
62/100 | ¥21K/m² | +1.0% | +5.7% | 58 |
| 171 | Tagawa City Fukuoka |
62/100 | ¥19K/m² | +0.4% | +1.6% | 54 |
| 172 | Asakura City Fukuoka |
62/100 | ¥21K/m² | +0.5% | +7.4% | 57 |
| 173 | Oki Town Fukuoka |
62/100 | ¥20K/m² | +0.7% | +3.8% | 55 |
| 174 | Hirokawa Town Fukuoka |
62/100 | ¥22K/m² | +0.4% | +9.8% | 59 |
| 175 | Kawasaki Town Fukuoka |
62/100 | ¥11K/m² | −0.5% | −1.5% | 35 |
| 176 | Kamimine Town Saga |
62/100 | ¥21K/m² | +1.2% | +4.1% | 56 |
| 177 | Ozu Town Kumamoto |
62/100 | ¥51K/m² | +5.1% | +81.5% | 82 |
| 178 | Asagiri Town Kumamoto |
62/100 | ¥5,795/m² | −1.1% | −4.5% | 27 |
| 179 | Kunitomi Town Miyazaki |
62/100 | ¥15K/m² | +0.2% | −0.9% | 47 |
| 180 | Shintomi Town Miyazaki |
62/100 | ¥15K/m² | +0.1% | −0.8% | 47 |
| 181 | Ishigaki City Okinawa |
62/100 | ¥52K/m² | +6.5% | +40.4% | 83 |
| 182 | Kumejima Town Okinawa |
62/100 | ¥9,305/m² | ±0.0% | −4.9% | 29 |
| 183 | Takasu Town Hokkaido |
61/100 | ¥11K/m² | ±0.0% | −4.0% | 38 |
| 184 | Tsuruta Town Aomori |
61/100 | ¥9,200/m² | −0.7% | −3.7% | 33 |
| 185 | Oma Town Aomori |
61/100 | ¥3,650/m² | −0.7% | −8.7% | 17 |
| 186 | Nanbu Town Aomori |
61/100 | ¥9,490/m² | −0.5% | −4.0% | 34 |
| 187 | Yokote City Akita |
61/100 | ¥9,841/m² | −0.3% | −3.8% | 34 |
| 188 | Mitane Town Akita |
61/100 | ¥4,000/m² | −0.9% | −7.6% | 16 |
| 189 | Nishikawa Town Yamagata |
61/100 | ¥4,940/m² | −1.1% | −5.8% | 20 |
| 190 | Sakegawa Village Yamagata |
61/100 | ¥3,357/m² | −1.3% | −6.8% | 15 |
| 191 | Motomiya City Fukushima |
61/100 | ¥19K/m² | +1.0% | +0.2% | 58 |
| 192 | Nishigo Village Fukushima |
61/100 | ¥20K/m² | +0.9% | +2.6% | 61 |
| 193 | Itako City Ibaraki |
61/100 | ¥12K/m² | −0.2% | −2.5% | 42 |
| 194 | Omitama City Ibaraki |
61/100 | ¥14K/m² | +0.1% | −1.8% | 46 |
| 195 | Ami Town Ibaraki |
61/100 | ¥30K/m² | +3.4% | +8.8% | 73 |
| 196 | Hakone Town Kanagawa |
61/100 | ¥36K/m² | +5.3% | +14.6% | 69 |
| 197 | Komoro City Nagano |
61/100 | ¥19K/m² | +0.7% | +0.6% | 56 |
| 198 | Taka Town Hyogo |
61/100 | ¥8,721/m² | −0.7% | −4.0% | 31 |
| 199 | Hoki Town Tottori |
61/100 | ¥9,620/m² | −0.6% | −3.3% | 33 |
| 200 | Misaki Town Okayama |
61/100 | ¥5,420/m² | −0.9% | −5.6% | 26 |
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.