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 |
|---|---|---|---|---|---|---|
| 401 | Sakaiminato City Tottori |
56/100 | ¥15K/m² | −0.4% | −2.9% | 41 |
| 402 | Yakage Town Okayama |
56/100 | ¥15K/m² | −0.4% | −2.5% | 40 |
| 403 | Nagi Town Okayama |
56/100 | ¥6,015/m² | −1.4% | −7.6% | 16 |
| 404 | Nagato City Yamaguchi |
56/100 | ¥13K/m² | −0.4% | −4.4% | 36 |
| 405 | Yanagawa City Fukuoka |
56/100 | ¥25K/m² | +0.6% | +0.6% | 58 |
| 406 | Ogori City Fukuoka |
56/100 | ¥63K/m² | +1.9% | +35.3% | 75 |
| 407 | Dazaifu City Fukuoka |
56/100 | ¥93K/m² | +4.9% | +34.6% | 81 |
| 408 | Shime Town Fukuoka |
56/100 | ¥98K/m² | +5.8% | +44.0% | 84 |
| 409 | Shingu Town Fukuoka |
56/100 | ¥96K/m² | +4.4% | +46.3% | 84 |
| 410 | Kasuya Town Fukuoka |
56/100 | ¥102K/m² | +6.0% | +47.6% | 82 |
| 411 | Ashiya Town Fukuoka |
56/100 | ¥25K/m² | +0.6% | +1.5% | 55 |
| 412 | Sasebo City Nagasaki |
56/100 | ¥34K/m² | +1.6% | +5.7% | 69 |
| 413 | Isahaya City Nagasaki |
56/100 | ¥33K/m² | +2.0% | +6.0% | 68 |
| 414 | Matsuura City Nagasaki |
56/100 | ¥9,275/m² | −0.9% | −5.4% | 26 |
| 415 | Saikai City Nagasaki |
56/100 | ¥8,331/m² | −0.9% | −7.1% | 23 |
| 416 | Shinkamigoto Town Nagasaki |
56/100 | ¥8,813/m² | −0.7% | −6.6% | 24 |
| 417 | Kashima Town Kumamoto |
56/100 | ¥43K/m² | +3.1% | +11.5% | 69 |
| 418 | Mashiki Town Kumamoto |
56/100 | ¥40K/m² | +1.9% | +11.7% | 72 |
| 419 | Sagara Village Kumamoto |
56/100 | ¥4,683/m² | −1.2% | −10.2% | 17 |
| 420 | Beppu City Oita |
56/100 | ¥45K/m² | +3.8% | +7.9% | 71 |
| 421 | Saito City Miyazaki |
56/100 | ¥20K/m² | +0.1% | −0.5% | 53 |
| 422 | Shibushi City Kagoshima |
56/100 | ¥6,094/m² | −1.3% | −7.7% | 24 |
| 423 | Nakatane Town Kagoshima |
56/100 | ¥5,814/m² | −0.9% | −9.3% | 18 |
| 424 | Yakushima Town Kagoshima |
56/100 | ¥6,314/m² | −1.1% | −7.8% | 21 |
| 425 | Ebetsu City Hokkaido |
55/100 | ¥46K/m² | −0.2% | +61.4% | 76 |
| 426 | Nayoro City Hokkaido |
55/100 | ¥9,089/m² | −1.1% | −5.7% | 27 |
| 427 | Towada City Aomori |
55/100 | ¥14K/m² | −0.7% | −3.4% | 38 |
| 428 | Tohoku Town Aomori |
55/100 | ¥5,706/m² | −1.6% | −7.7% | 16 |
| 429 | Hanamaki City Iwate |
55/100 | ¥18K/m² | −0.3% | −1.7% | 46 |
| 430 | Yahaba Town Iwate |
55/100 | ¥43K/m² | +1.1% | +12.4% | 76 |
| 431 | Senboku City Akita |
55/100 | ¥8,919/m² | −0.9% | −6.7% | 23 |
| 432 | Oe Town Yamagata |
55/100 | ¥10K/m² | −0.9% | −5.1% | 29 |
| 433 | Oishida Town Yamagata |
55/100 | ¥9,544/m² | −1.2% | −5.0% | 26 |
| 434 | Yuza Town Yamagata |
55/100 | ¥9,898/m² | −1.3% | −4.5% | 27 |
| 435 | Naraha Town Fukushima |
55/100 | ¥13K/m² | −1.2% | −2.1% | 39 |
| 436 | Shimotsuma City Ibaraki |
55/100 | ¥18K/m² | −0.3% | −1.9% | 46 |
| 437 | Tsukuba City Ibaraki |
55/100 | ¥90K/m² | +6.6% | +21.9% | 88 |
| 438 | Moriya City Ibaraki |
55/100 | ¥133K/m² | +9.6% | +36.7% | 93 |
| 439 | Higashichichibu Village Saitama |
55/100 | ¥8,067/m² | −1.2% | −6.2% | 19 |
| 440 | Kimitsu City Chiba |
55/100 | ¥40K/m² | +2.1% | +8.0% | 71 |
| 441 | Yotsukaido City Chiba |
55/100 | ¥67K/m² | +5.5% | +13.8% | 79 |
| 442 | Nagara Town Chiba |
55/100 | ¥9,975/m² | −1.0% | −4.9% | 27 |
| 443 | Nomi City Ishikawa |
55/100 | ¥24K/m² | +0.3% | +0.8% | 58 |
| 444 | Oi Town Fukui |
55/100 | ¥11K/m² | −1.0% | −4.6% | 28 |
| 445 | Nakagawa Village Nagano |
55/100 | ¥4,043/m² | −1.7% | −9.4% | 9 |
| 446 | Takayama City Gifu |
55/100 | ¥34K/m² | +1.9% | +3.1% | 67 |
| 447 | Tobishima Village Aichi |
55/100 | ¥33K/m² | −0.1% | +14.6% | 58 |
| 448 | Kameyama City Mie |
55/100 | ¥26K/m² | +0.3% | +1.3% | 57 |
| 449 | Koka City Shiga |
55/100 | ¥22K/m² | +0.4% | −0.6% | 57 |
| 450 | Tanba City Hyogo |
55/100 | ¥15K/m² | −0.6% | −3.4% | 43 |
| 451 | Izumo City Shimane |
55/100 | ¥25K/m² | +0.5% | +0.7% | 61 |
| 452 | Soja City Okayama |
55/100 | ¥38K/m² | +1.6% | +7.4% | 70 |
| 453 | Kagamino Town Okayama |
55/100 | ¥6,217/m² | −1.4% | −7.9% | 20 |
| 454 | San-yoonoda City Yamaguchi |
55/100 | ¥21K/m² | +0.1% | −0.3% | 51 |
| 455 | Abu Town Yamaguchi |
55/100 | ¥5,970/m² | −1.4% | −7.9% | 13 |
| 456 | Itano Town Tokushima |
55/100 | ¥16K/m² | −0.4% | −3.1% | 38 |
| 457 | Manno Town Kagawa |
55/100 | ¥13K/m² | −0.7% | −3.7% | 35 |
| 458 | Matsuno Town Ehime |
55/100 | ¥8,300/m² | −1.2% | −6.3% | 19 |
| 459 | Tano Town Kochi |
55/100 | ¥13K/m² | −0.7% | −3.4% | 32 |
| 460 | Motoyama Town Kochi |
55/100 | ¥14K/m² | −0.6% | −3.1% | 36 |
| 461 | Yukuhashi City Fukuoka |
55/100 | ¥30K/m² | +0.6% | +2.8% | 63 |
| 462 | Karatsu City Saga |
55/100 | ¥23K/m² | +0.7% | −0.5% | 57 |
| 463 | Genkai Town Saga |
55/100 | ¥6,353/m² | −1.6% | −7.1% | 15 |
| 464 | Tara Town Saga |
55/100 | ¥9,395/m² | −1.0% | −5.9% | 24 |
| 465 | Hitoyoshi City Kumamoto |
55/100 | ¥17K/m² | −0.5% | −2.6% | 44 |
| 466 | Misato Town Kumamoto |
55/100 | ¥5,180/m² | −1.2% | −9.9% | 17 |
| 467 | Yunomae Town Kumamoto |
55/100 | ¥4,750/m² | −1.3% | −10.8% | 11 |
| 468 | Kuma Village Kumamoto |
55/100 | ¥3,567/m² | −1.4% | −11.8% | 9 |
| 469 | Oita City Oita |
55/100 | ¥66K/m² | +4.4% | +16.9% | 82 |
| 470 | Hyuga City Miyazaki |
55/100 | ¥27K/m² | +0.8% | +0.8% | 60 |
| 471 | Aira City Kagoshima |
55/100 | ¥22K/m² | +0.5% | −0.1% | 59 |
| 472 | Kimotsuki Town Kagoshima |
55/100 | ¥5,708/m² | −1.5% | −8.3% | 20 |
| 473 | Minamitane Town Kagoshima |
55/100 | ¥5,948/m² | −1.1% | −9.3% | 15 |
| 474 | Tomigusuku City Okinawa |
55/100 | ¥123K/m² | +7.8% | +38.8% | 86 |
| 475 | Nakagusuku Village Okinawa |
55/100 | ¥99K/m² | +5.7% | +32.0% | 79 |
| 476 | Nishihara Town Okinawa |
55/100 | ¥110K/m² | +5.2% | +36.9% | 81 |
| 477 | Miyagino Ward Sendai City, Miyagi |
55/100 | ¥132K/m² | +6.2% | +46.2% | 93 |
| 478 | Midori Ward Chiba City, Chiba |
55/100 | ¥84K/m² | +5.6% | +21.9% | 81 |
| 479 | Nishi Ward Fukuoka City, Fukuoka |
55/100 | ¥147K/m² | +7.7% | +45.0% | 91 |
| 480 | Sunagawa City Hokkaido |
54/100 | ¥6,967/m² | −1.2% | −8.9% | 16 |
| 481 | Yuni Town Hokkaido |
54/100 | ¥4,283/m² | −1.9% | −10.7% | 9 |
| 482 | Rishiri Town Hokkaido |
54/100 | ¥2,675/m² | −2.1% | −12.3% | 6 |
| 483 | Yubetsu Town Hokkaido |
54/100 | ¥3,100/m² | −1.7% | −11.8% | 8 |
| 484 | Sobetsu Town Hokkaido |
54/100 | ¥4,525/m² | −2.0% | −9.3% | 10 |
| 485 | Biratori Town Hokkaido |
54/100 | ¥2,303/m² | −2.4% | −11.1% | 6 |
| 486 | Toyokoro Town Hokkaido |
54/100 | ¥2,450/m² | −1.4% | −19.1% | 6 |
| 487 | Hirosaki City Aomori |
54/100 | ¥27K/m² | +0.3% | +0.9% | 61 |
| 488 | Hiranai Town Aomori |
54/100 | ¥7,850/m² | −1.2% | −6.9% | 21 |
| 489 | Rokkasho Village Aomori |
54/100 | ¥5,425/m² | −1.5% | −9.3% | 14 |
| 490 | Higashidori Village Aomori |
54/100 | ¥2,833/m² | −2.3% | −10.8% | 7 |
| 491 | Takko Town Aomori |
54/100 | ¥5,912/m² | −1.8% | −7.7% | 15 |
| 492 | Sumita Town Iwate |
54/100 | ¥6,760/m² | −1.7% | −7.1% | 18 |
| 493 | Marumori Town Miyagi |
54/100 | ¥10K/m² | −1.1% | −5.0% | 26 |
| 494 | Watari Town Miyagi |
54/100 | ¥27K/m² | −0.1% | +3.5% | 59 |
| 495 | Fujisato Town Akita |
54/100 | ¥2,975/m² | −2.0% | −11.2% | 7 |
| 496 | Gojome Town Akita |
54/100 | ¥6,556/m² | −1.2% | −9.4% | 16 |
| 497 | Sakata City Yamagata |
54/100 | ¥21K/m² | −0.2% | −0.1% | 54 |
| 498 | Sagae City Yamagata |
54/100 | ¥27K/m² | +0.3% | +0.9% | 61 |
| 499 | Tendo City Yamagata |
54/100 | ¥37K/m² | +1.1% | +5.9% | 71 |
| 500 | Oguni Town Yamagata |
54/100 | ¥10K/m² | −1.0% | −5.2% | 28 |
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.