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 |
|---|---|---|---|---|---|---|
| 201 | Akiota Town Hiroshima |
61/100 | ¥8,190/m² | −0.8% | −3.9% | 24 |
| 202 | Okawa City Fukuoka |
61/100 | ¥18K/m² | +0.2% | +1.8% | 51 |
| 203 | Mizumaki Town Fukuoka |
61/100 | ¥38K/m² | +3.8% | +19.4% | 73 |
| 204 | Ogi City Saga |
61/100 | ¥23K/m² | +2.0% | +4.5% | 64 |
| 205 | Miyaki Town Saga |
61/100 | ¥23K/m² | +1.5% | +4.4% | 60 |
| 206 | Kohoku Town Saga |
61/100 | ¥18K/m² | +0.1% | +1.6% | 48 |
| 207 | Gyokuto Town Kumamoto |
61/100 | ¥12K/m² | −0.1% | −2.6% | 37 |
| 208 | Kawaminami Town Miyazaki |
61/100 | ¥11K/m² | −0.4% | −2.9% | 35 |
| 209 | Kanoya City Kagoshima |
61/100 | ¥9,910/m² | −0.4% | −3.9% | 42 |
| 210 | Higashikushira Town Kagoshima |
61/100 | ¥5,177/m² | −1.1% | −5.5% | 21 |
| 211 | Nanjo City Okinawa |
61/100 | ¥49K/m² | +6.2% | +26.9% | 79 |
| 212 | Rebun Town Hokkaido |
60/100 | ¥3,250/m² | −1.3% | −7.3% | 15 |
| 213 | Misawa City Aomori |
60/100 | ¥19K/m² | +0.3% | +0.8% | 56 |
| 214 | Shichinohe Town Aomori |
60/100 | ¥8,543/m² | −0.7% | −4.4% | 31 |
| 215 | Hashikami Town Aomori |
60/100 | ¥7,742/m² | −0.9% | −5.0% | 27 |
| 216 | Kanegasaki Town Iwate |
60/100 | ¥20K/m² | +0.4% | +2.2% | 59 |
| 217 | Taiwa Town Miyagi |
60/100 | ¥52K/m² | +4.5% | +36.8% | 86 |
| 218 | Misato Town Miyagi |
60/100 | ¥14K/m² | +0.2% | −2.3% | 46 |
| 219 | Oga City Akita |
60/100 | ¥7,309/m² | −0.7% | −5.6% | 24 |
| 220 | Yurihonjo City Akita |
60/100 | ¥12K/m² | −0.3% | −3.2% | 38 |
| 221 | Daisen City Akita |
60/100 | ¥11K/m² | −0.4% | −3.9% | 34 |
| 222 | Okura Village Yamagata |
60/100 | ¥3,815/m² | −1.3% | −6.7% | 16 |
| 223 | Shirataka Town Yamagata |
60/100 | ¥8,482/m² | −0.9% | −4.5% | 28 |
| 224 | Yugawa Village Fukushima |
60/100 | ¥7,570/m² | −1.2% | −4.1% | 28 |
| 225 | Nakajima Village Fukushima |
60/100 | ¥8,766/m² | −1.0% | −3.9% | 32 |
| 226 | Hitachiomiya City Ibaraki |
60/100 | ¥13K/m² | −0.2% | −2.7% | 41 |
| 227 | Daigo Town Ibaraki |
60/100 | ¥9,248/m² | −0.3% | −5.0% | 30 |
| 228 | Mutsuzawa Town Chiba |
60/100 | ¥12K/m² | −0.5% | −2.2% | 38 |
| 229 | Funahashi Village Toyama |
60/100 | ¥23K/m² | +1.0% | +4.5% | 55 |
| 230 | Karuizawa Town Nagano |
60/100 | ¥83K/m² | +13.5% | +55.4% | 90 |
| 231 | Anan Town Nagano |
60/100 | ¥2,995/m² | −1.1% | −7.6% | 14 |
| 232 | Odai Town Mie |
60/100 | ¥7,792/m² | −0.8% | −4.6% | 24 |
| 233 | Hokuei Town Tottori |
60/100 | ¥12K/m² | −0.4% | −3.0% | 35 |
| 234 | Hiezu Village Tottori |
60/100 | ¥26K/m² | +1.9% | +6.0% | 59 |
| 235 | Kibichuo Town Okayama |
60/100 | ¥4,560/m² | −1.2% | −6.6% | 20 |
| 236 | Yame City Fukuoka |
60/100 | ¥14K/m² | ±0.0% | −2.0% | 48 |
| 237 | Munakata City Fukuoka |
60/100 | ¥34K/m² | +2.1% | +15.4% | 70 |
| 238 | Itoshima City Fukuoka |
60/100 | ¥50K/m² | +5.0% | +29.0% | 79 |
| 239 | Saga City Saga |
60/100 | ¥45K/m² | +5.0% | +19.3% | 79 |
| 240 | Imari City Saga |
60/100 | ¥23K/m² | +0.8% | +5.3% | 61 |
| 241 | Takeo City Saga |
60/100 | ¥20K/m² | +1.1% | +0.6% | 58 |
| 242 | Higashisonogi Town Nagasaki |
60/100 | ¥12K/m² | −0.3% | −3.3% | 33 |
| 243 | Kawatana Town Nagasaki |
60/100 | ¥19K/m² | +0.5% | +0.6% | 49 |
| 244 | Uki City Kumamoto |
60/100 | ¥22K/m² | +0.9% | +4.4% | 62 |
| 245 | Koshi City Kumamoto |
60/100 | ¥55K/m² | +4.2% | +37.0% | 83 |
| 246 | Yufu City Oita |
60/100 | ¥23K/m² | +1.3% | +3.4% | 63 |
| 247 | Kokonoe Town Oita |
60/100 | ¥5,100/m² | −0.6% | −8.1% | 23 |
| 248 | Miyakonojo City Miyazaki |
60/100 | ¥17K/m² | +0.3% | −0.7% | 54 |
| 249 | Aya Town Miyazaki |
60/100 | ¥14K/m² | −0.2% | −1.2% | 43 |
| 250 | Uruma City Okinawa |
60/100 | ¥55K/m² | +5.7% | +24.9% | 82 |
| 251 | Ie Village Okinawa |
60/100 | ¥10K/m² | −0.3% | −3.9% | 29 |
| 252 | Kushiro City Hokkaido |
59/100 | ¥17K/m² | ±0.0% | −0.2% | 52 |
| 253 | Obihiro City Hokkaido |
59/100 | ¥36K/m² | +0.5% | +36.9% | 77 |
| 254 | Kuroishi City Aomori |
59/100 | ¥11K/m² | −0.8% | −2.4% | 36 |
| 255 | Takizawa City Iwate |
59/100 | ¥36K/m² | +2.4% | +14.9% | 77 |
| 256 | Rifu Town Miyagi |
59/100 | ¥65K/m² | +6.0% | +35.7% | 88 |
| 257 | Ikawa Town Akita |
59/100 | ¥6,150/m² | −0.9% | −6.4% | 21 |
| 258 | Tozawa Village Yamagata |
59/100 | ¥3,000/m² | −1.6% | −7.4% | 13 |
| 259 | Takahata Town Yamagata |
59/100 | ¥15K/m² | −0.3% | −0.8% | 47 |
| 260 | Tamura City Fukushima |
59/100 | ¥9,574/m² | −1.0% | −3.4% | 33 |
| 261 | Kashima City Ibaraki |
59/100 | ¥20K/m² | +0.8% | +0.4% | 59 |
| 262 | Kasumigaura City Ibaraki |
59/100 | ¥18K/m² | +0.3% | ±0.0% | 54 |
| 263 | Kawachi Town Ibaraki |
59/100 | ¥10K/m² | −0.6% | −3.9% | 34 |
| 264 | Tsumagoi Village Gunma |
59/100 | ¥8,833/m² | −0.6% | −5.3% | 29 |
| 265 | Kamikawa Town Saitama |
59/100 | ¥12K/m² | −0.4% | −2.5% | 36 |
| 266 | Kisarazu City Chiba |
59/100 | ¥40K/m² | +3.3% | +14.7% | 79 |
| 267 | Togane City Chiba |
59/100 | ¥25K/m² | +1.7% | +3.4% | 60 |
| 268 | Tomisato City Chiba |
59/100 | ¥44K/m² | +4.3% | +17.3% | 74 |
| 269 | Kujukuri Town Chiba |
59/100 | ¥8,571/m² | −1.0% | −4.4% | 30 |
| 270 | Chonan Town Chiba |
59/100 | ¥9,917/m² | −0.7% | −4.0% | 31 |
| 271 | Azumino City Nagano |
59/100 | ¥26K/m² | +1.6% | +4.3% | 68 |
| 272 | Minamiminowa Village Nagano |
59/100 | ¥19K/m² | +0.2% | +0.5% | 50 |
| 273 | Taga Town Shiga |
59/100 | ¥17K/m² | ±0.0% | −1.1% | 42 |
| 274 | Awaji City Hyogo |
59/100 | ¥29K/m² | +2.9% | +4.0% | 58 |
| 275 | Chikugo City Fukuoka |
59/100 | ¥44K/m² | +3.0% | +23.8% | 72 |
| 276 | Fukutsu City Fukuoka |
59/100 | ¥61K/m² | +4.9% | +38.2% | 81 |
| 277 | Umi Town Fukuoka |
59/100 | ¥75K/m² | +5.7% | +46.6% | 76 |
| 278 | Soeda Town Fukuoka |
59/100 | ¥9,208/m² | −0.8% | −4.2% | 27 |
| 279 | Tosu City Saga |
59/100 | ¥51K/m² | +4.2% | +24.1% | 77 |
| 280 | Kikuyo Town Kumamoto |
59/100 | ¥77K/m² | +5.7% | +64.3% | 82 |
| 281 | Shiiba Village Miyazaki |
59/100 | ¥1,835/m² | −1.3% | −9.4% | 10 |
| 282 | Takachiho Town Miyazaki |
59/100 | ¥14K/m² | ±0.0% | −2.5% | 40 |
| 283 | Asahikawa City Hokkaido |
58/100 | ¥21K/m² | +0.2% | +2.2% | 59 |
| 284 | Tobetsu Town Hokkaido |
58/100 | ¥7,620/m² | −1.6% | −4.2% | 20 |
| 285 | Kutchan Town Hokkaido |
58/100 | ¥86K/m² | +11.1% | +44.7% | 93 |
| 286 | Shiranuka Town Hokkaido |
58/100 | ¥5,600/m² | −1.6% | −6.0% | 20 |
| 287 | Gonohe Town Aomori |
58/100 | ¥8,892/m² | −1.1% | −4.4% | 28 |
| 288 | Shingo Village Aomori |
58/100 | ¥4,233/m² | −1.1% | −9.8% | 16 |
| 289 | Iwanuma City Miyagi |
58/100 | ¥58K/m² | +4.0% | +29.3% | 86 |
| 290 | Osato Town Miyagi |
58/100 | ¥10K/m² | −0.8% | −3.8% | 33 |
| 291 | Noshiro City Akita |
58/100 | ¥11K/m² | −0.7% | −3.3% | 33 |
| 292 | Katagami City Akita |
58/100 | ¥11K/m² | −0.3% | −4.9% | 33 |
| 293 | Misato Town Akita |
58/100 | ¥5,934/m² | −1.0% | −6.9% | 19 |
| 294 | Ugo Town Akita |
58/100 | ¥5,740/m² | −0.9% | −7.9% | 19 |
| 295 | Asahi Town Yamagata |
58/100 | ¥7,570/m² | −1.0% | −5.2% | 25 |
| 296 | Tomioka Town Fukushima |
58/100 | ¥14K/m² | −0.6% | −1.4% | 41 |
| 297 | Ishioka City Ibaraki |
58/100 | ¥19K/m² | +0.2% | −0.6% | 53 |
| 298 | Ryugasaki City Ibaraki |
58/100 | ¥31K/m² | +2.5% | +5.8% | 71 |
| 299 | Yachiyo Town Ibaraki |
58/100 | ¥13K/m² | −0.6% | −2.5% | 40 |
| 300 | Misato Town Saitama |
58/100 | ¥14K/m² | −0.4% | −1.8% | 39 |
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.