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 |
|---|---|---|---|---|---|---|
| 301 | Asahi City Chiba |
58/100 | ¥16K/m² | −0.2% | −0.7% | 50 |
| 302 | Sodegaura City Chiba |
58/100 | ¥58K/m² | +5.3% | +23.4% | 77 |
| 303 | Hokuto City Yamanashi |
58/100 | ¥11K/m² | −0.3% | −4.5% | 38 |
| 304 | Oshino Village Yamanashi |
58/100 | ¥24K/m² | +1.1% | +2.7% | 55 |
| 305 | Watarai Town Mie |
58/100 | ¥8,483/m² | −0.8% | −5.6% | 24 |
| 306 | Iwami Town Tottori |
58/100 | ¥12K/m² | −0.5% | −3.6% | 33 |
| 307 | Daisen Town Tottori |
58/100 | ¥6,543/m² | −1.2% | −5.7% | 23 |
| 308 | Hofu City Yamaguchi |
58/100 | ¥27K/m² | +1.1% | +3.4% | 63 |
| 309 | Geisei Village Kochi |
58/100 | ¥12K/m² | −0.6% | −3.0% | 33 |
| 310 | Niyodogawa Town Kochi |
58/100 | ¥8,472/m² | −1.0% | −4.8% | 31 |
| 311 | Yusuhara Town Kochi |
58/100 | ¥14K/m² | −0.4% | −2.1% | 37 |
| 312 | Koga City Fukuoka |
58/100 | ¥79K/m² | +4.1% | +47.8% | 79 |
| 313 | Sasaguri Town Fukuoka |
58/100 | ¥83K/m² | +7.3% | +42.8% | 78 |
| 314 | Sue Town Fukuoka |
58/100 | ¥80K/m² | +4.8% | +55.0% | 76 |
| 315 | Okagaki Town Fukuoka |
58/100 | ¥29K/m² | +1.1% | +5.6% | 63 |
| 316 | Shiroishi Town Saga |
58/100 | ¥11K/m² | −0.6% | −4.3% | 34 |
| 317 | Omura City Nagasaki |
58/100 | ¥38K/m² | +3.2% | +12.2% | 74 |
| 318 | Arao City Kumamoto |
58/100 | ¥22K/m² | +0.5% | +2.2% | 55 |
| 319 | Tsunagi Town Kumamoto |
58/100 | ¥9,700/m² | −1.0% | −3.5% | 29 |
| 320 | Taketa City Oita |
58/100 | ¥11K/m² | −0.7% | −4.0% | 36 |
| 321 | Nishimera Village Miyazaki |
58/100 | ¥5,075/m² | −1.5% | −7.0% | 15 |
| 322 | Soo City Kagoshima |
58/100 | ¥6,639/m² | −1.0% | −6.9% | 30 |
| 323 | Nagashima Town Kagoshima |
58/100 | ¥5,600/m² | −1.4% | −6.4% | 19 |
| 324 | Osaki Town Kagoshima |
58/100 | ¥4,226/m² | −1.5% | −7.2% | 19 |
| 325 | Setouchi Town Kagoshima |
58/100 | ¥23K/m² | +0.5% | +2.4% | 52 |
| 326 | Itoman City Okinawa |
58/100 | ¥70K/m² | +6.0% | +30.4% | 83 |
| 327 | Monbetsu City Hokkaido |
57/100 | ¥6,625/m² | −1.1% | −7.4% | 20 |
| 328 | Niki Town Hokkaido |
57/100 | ¥6,217/m² | −0.8% | −8.3% | 20 |
| 329 | Shimokawa Town Hokkaido |
57/100 | ¥2,375/m² | −1.6% | −9.7% | 13 |
| 330 | Rishirifuji Town Hokkaido |
57/100 | ¥4,475/m² | −1.4% | −8.6% | 15 |
| 331 | Hidaka Town Hokkaido |
57/100 | ¥4,090/m² | −1.1% | −10.2% | 13 |
| 332 | Ikeda Town Hokkaido |
57/100 | ¥5,260/m² | −1.2% | −8.2% | 16 |
| 333 | Goshogawara City Aomori |
57/100 | ¥12K/m² | −0.5% | −3.8% | 37 |
| 334 | Mutsu City Aomori |
57/100 | ¥9,436/m² | −0.7% | −5.1% | 29 |
| 335 | Kazamaura Village Aomori |
57/100 | ¥3,683/m² | −1.3% | −9.4% | 13 |
| 336 | Shiwa Town Iwate |
57/100 | ¥38K/m² | +1.4% | +13.3% | 75 |
| 337 | Tagajo City Miyagi |
57/100 | ¥82K/m² | +6.0% | +31.6% | 89 |
| 338 | Higashimatsushima City Miyagi |
57/100 | ¥30K/m² | +1.2% | +5.8% | 68 |
| 339 | Tomiya City Miyagi |
57/100 | ¥64K/m² | +2.5% | +38.9% | 85 |
| 340 | Nikaho City Akita |
57/100 | ¥13K/m² | −0.5% | −3.3% | 37 |
| 341 | Kahoku Town Yamagata |
57/100 | ¥19K/m² | ±0.0% | −0.2% | 54 |
| 342 | Kaneyama Town Yamagata |
57/100 | ¥6,500/m² | −1.2% | −6.6% | 20 |
| 343 | Mamurogawa Town Yamagata |
57/100 | ¥7,824/m² | −1.0% | −5.8% | 24 |
| 344 | Yabuki Town Fukushima |
57/100 | ¥19K/m² | +0.3% | −1.2% | 53 |
| 345 | Narita City Chiba |
57/100 | ¥60K/m² | +5.1% | +20.7% | 79 |
| 346 | Shiroi City Chiba |
57/100 | ¥79K/m² | +6.0% | +24.4% | 77 |
| 347 | Minamiboso City Chiba |
57/100 | ¥13K/m² | −0.4% | −3.1% | 41 |
| 348 | Oamishirasato City Chiba |
57/100 | ¥30K/m² | +1.5% | +5.0% | 66 |
| 349 | Tonosho Town Chiba |
57/100 | ¥12K/m² | −0.7% | −2.7% | 35 |
| 350 | Chosei Village Chiba |
57/100 | ¥12K/m² | −0.7% | −3.8% | 36 |
| 351 | Wake Town Okayama |
57/100 | ¥10K/m² | −0.7% | −4.3% | 31 |
| 352 | Jinsekikogen Town Hiroshima |
57/100 | ¥3,210/m² | −1.6% | −9.1% | 14 |
| 353 | Ube City Yamaguchi |
57/100 | ¥25K/m² | +0.8% | +2.7% | 62 |
| 354 | Mine City Yamaguchi |
57/100 | ¥6,670/m² | −0.9% | −7.5% | 22 |
| 355 | Otoyo Town Kochi |
57/100 | ¥12K/m² | −0.6% | −3.3% | 34 |
| 356 | Onga Town Fukuoka |
57/100 | ¥30K/m² | +1.1% | +7.6% | 62 |
| 357 | Itoda Town Fukuoka |
57/100 | ¥11K/m² | −0.3% | −5.0% | 30 |
| 358 | Koge Town Fukuoka |
57/100 | ¥8,110/m² | −1.1% | −5.2% | 24 |
| 359 | Oguni Town Kumamoto |
57/100 | ¥9,633/m² | −1.0% | −4.8% | 29 |
| 360 | Nakatsu City Oita |
57/100 | ¥17K/m² | ±0.0% | −1.5% | 49 |
| 361 | Hiji Town Oita |
57/100 | ¥28K/m² | +1.4% | +2.5% | 62 |
| 362 | Kitanakagusuku Village Okinawa |
57/100 | ¥93K/m² | +7.4% | +43.5% | 82 |
| 363 | Yonabaru Town Okinawa |
57/100 | ¥86K/m² | +6.2% | +31.7% | 78 |
| 364 | Yaese Town Okinawa |
57/100 | ¥76K/m² | +6.0% | +28.6% | 79 |
| 365 | Kitami City Hokkaido |
56/100 | ¥14K/m² | −0.6% | −2.6% | 41 |
| 366 | Takikawa City Hokkaido |
56/100 | ¥7,531/m² | −1.1% | −6.4% | 22 |
| 367 | Ishikari City Hokkaido |
56/100 | ¥27K/m² | −1.2% | +42.8% | 63 |
| 368 | Kuromatsunai Town Hokkaido |
56/100 | ¥3,325/m² | −2.1% | −8.7% | 10 |
| 369 | Horokanai Town Hokkaido |
56/100 | ¥1,580/m² | −1.6% | −11.5% | 8 |
| 370 | Nakatonbetsu Town Hokkaido |
56/100 | ¥2,350/m² | −2.0% | −9.7% | 9 |
| 371 | Saroma Town Hokkaido |
56/100 | ¥3,967/m² | −1.6% | −10.0% | 11 |
| 372 | Kitakami City Iwate |
56/100 | ¥31K/m² | +1.1% | +4.8% | 68 |
| 373 | Natori City Miyagi |
56/100 | ¥88K/m² | +5.1% | +35.1% | 90 |
| 374 | Akita City Akita |
56/100 | ¥37K/m² | +2.1% | +8.2% | 73 |
| 375 | Odate City Akita |
56/100 | ¥14K/m² | −0.3% | −3.6% | 38 |
| 376 | Yuzawa City Akita |
56/100 | ¥9,329/m² | −0.8% | −5.8% | 27 |
| 377 | Yonezawa City Yamagata |
56/100 | ¥19K/m² | −0.1% | −0.6% | 52 |
| 378 | Tsuruoka City Yamagata |
56/100 | ¥17K/m² | −0.3% | −1.5% | 47 |
| 379 | Higashine City Yamagata |
56/100 | ¥29K/m² | +0.6% | +4.4% | 66 |
| 380 | Nan-yo City Yamagata |
56/100 | ¥19K/m² | −0.1% | −0.9% | 51 |
| 381 | Kawanishi Town Yamagata |
56/100 | ¥9,062/m² | −0.8% | −5.8% | 27 |
| 382 | Sukagawa City Fukushima |
56/100 | ¥27K/m² | +0.4% | +3.2% | 64 |
| 383 | Furudono Town Fukushima |
56/100 | ¥5,973/m² | −1.0% | −8.7% | 19 |
| 384 | Tsukubamirai City Ibaraki |
56/100 | ¥58K/m² | +3.8% | +15.9% | 82 |
| 385 | Sakai Town Ibaraki |
56/100 | ¥21K/m² | −0.1% | +1.0% | 56 |
| 386 | Haga Town Tochigi |
56/100 | ¥19K/m² | −0.5% | +0.5% | 50 |
| 387 | Ichihara City Chiba |
56/100 | ¥55K/m² | +3.9% | +15.4% | 79 |
| 388 | Kamogawa City Chiba |
56/100 | ¥21K/m² | +0.1% | +0.2% | 50 |
| 389 | Inzai City Chiba |
56/100 | ¥51K/m² | +4.0% | +13.2% | 77 |
| 390 | Sosa City Chiba |
56/100 | ¥18K/m² | −0.3% | −0.6% | 49 |
| 391 | Isumi City Chiba |
56/100 | ¥13K/m² | −0.6% | −3.9% | 37 |
| 392 | Shirako Town Chiba |
56/100 | ¥10K/m² | −1.0% | −4.5% | 29 |
| 393 | Hinohara Village Tokyo |
56/100 | ¥19K/m² | ±0.0% | −0.5% | 43 |
| 394 | Tateyama Town Toyama |
56/100 | ¥19K/m² | +0.4% | −1.7% | 48 |
| 395 | Komatsu City Ishikawa |
56/100 | ¥31K/m² | +1.2% | +6.0% | 63 |
| 396 | Tateshina Town Nagano |
56/100 | ¥11K/m² | −0.9% | −4.1% | 28 |
| 397 | Tomika Town Gifu |
56/100 | ¥20K/m² | +0.3% | −0.5% | 47 |
| 398 | Toyone Village Aichi |
56/100 | ¥3,487/m² | −1.9% | −8.4% | 10 |
| 399 | Ujitawara Town Kyoto |
56/100 | ¥31K/m² | +0.2% | +10.2% | 60 |
| 400 | Innami Town Wakayama |
56/100 | ¥17K/m² | −0.3% | −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.