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 |
|---|---|---|---|---|---|---|
| 501 | Oguni Town Yamagata |
54/100 | ¥10K/m² | −1.0% | −5.2% | 28 |
| 502 | Koriyama City Fukushima |
54/100 | ¥65K/m² | +3.2% | +16.7% | 83 |
| 503 | Shirakawa City Fukushima |
54/100 | ¥18K/m² | −0.6% | −1.8% | 46 |
| 504 | Shimogo Town Fukushima |
54/100 | ¥6,898/m² | −1.4% | −7.7% | 19 |
| 505 | Mishima Town Fukushima |
54/100 | ¥3,450/m² | −2.3% | −9.7% | 9 |
| 506 | Hirata Village Fukushima |
54/100 | ¥6,712/m² | −1.6% | −7.6% | 18 |
| 507 | Hitachiota City Ibaraki |
54/100 | ¥18K/m² | −0.3% | −2.0% | 46 |
| 508 | Ushiku City Ibaraki |
54/100 | ¥49K/m² | +2.8% | +7.2% | 75 |
| 509 | Naka City Ibaraki |
54/100 | ¥21K/m² | ±0.0% | −0.9% | 53 |
| 510 | Sakuragawa City Ibaraki |
54/100 | ¥16K/m² | −0.5% | −3.0% | 42 |
| 511 | Kamagaya City Chiba |
54/100 | ¥108K/m² | +7.3% | +18.9% | 84 |
| 512 | Yachimata City Chiba |
54/100 | ¥21K/m² | +0.4% | −2.1% | 51 |
| 513 | Myoko City Niigata |
54/100 | ¥12K/m² | +0.1% | −7.5% | 33 |
| 514 | Aga Town Niigata |
54/100 | ¥6,690/m² | −1.4% | −8.0% | 19 |
| 515 | Kawakita Town Ishikawa |
54/100 | ¥27K/m² | +0.7% | +0.5% | 52 |
| 516 | Tsubata Town Ishikawa |
54/100 | ¥47K/m² | +2.2% | +9.7% | 72 |
| 517 | Omachi City Nagano |
54/100 | ¥11K/m² | −0.8% | −5.6% | 32 |
| 518 | Saku City Nagano |
54/100 | ¥26K/m² | +0.6% | +0.3% | 63 |
| 519 | Chikuhoku Village Nagano |
54/100 | ¥7,247/m² | −1.5% | −7.3% | 16 |
| 520 | Obuse Town Nagano |
54/100 | ¥35K/m² | +1.3% | +4.7% | 62 |
| 521 | Atami City Shizuoka |
54/100 | ¥56K/m² | +3.4% | +11.7% | 75 |
| 522 | Shitara Town Aichi |
54/100 | ¥7,847/m² | −2.2% | −5.3% | 19 |
| 523 | Tamaki Town Mie |
54/100 | ¥18K/m² | −0.1% | −2.7% | 42 |
| 524 | Minamiyamashiro Village Kyoto |
54/100 | ¥8,330/m² | −1.0% | −7.9% | 16 |
| 525 | Tamba Sasayama City Hyogo |
54/100 | ¥19K/m² | −0.2% | −1.6% | 49 |
| 526 | Kato City Hyogo |
54/100 | ¥27K/m² | +0.4% | +1.0% | 59 |
| 527 | Hayashima Town Okayama |
54/100 | ¥56K/m² | +3.1% | +12.8% | 69 |
| 528 | Shoo Town Okayama |
54/100 | ¥21K/m² | −0.2% | −0.5% | 44 |
| 529 | Kitahiroshima Town Hiroshima |
54/100 | ¥11K/m² | −0.9% | −5.3% | 31 |
| 530 | Kamikatsu Town Tokushima |
54/100 | ¥5,200/m² | −1.7% | −8.8% | 12 |
| 531 | Nahari Town Kochi |
54/100 | ¥12K/m² | −0.9% | −4.2% | 29 |
| 532 | Tosa Town Kochi |
54/100 | ¥14K/m² | −0.7% | −3.6% | 33 |
| 533 | Hidaka Village Kochi |
54/100 | ¥19K/m² | −0.3% | −1.6% | 41 |
| 534 | Omuta City Fukuoka |
54/100 | ¥23K/m² | +0.1% | +0.4% | 55 |
| 535 | Chikushino City Fukuoka |
54/100 | ¥97K/m² | +2.6% | +39.9% | 82 |
| 536 | Nakagawa City Fukuoka |
54/100 | ¥80K/m² | +3.2% | +19.5% | 76 |
| 537 | Toho Village Fukuoka |
54/100 | ¥4,367/m² | −1.9% | −10.0% | 9 |
| 538 | Kanda Town Fukuoka |
54/100 | ¥33K/m² | +0.4% | +6.6% | 62 |
| 539 | Iki City Nagasaki |
54/100 | ¥9,121/m² | −0.9% | −7.0% | 25 |
| 540 | Yatsushiro City Kumamoto |
54/100 | ¥19K/m² | −0.3% | −1.0% | 49 |
| 541 | Tamana City Kumamoto |
54/100 | ¥19K/m² | −0.2% | −1.1% | 50 |
| 542 | Uto City Kumamoto |
54/100 | ¥39K/m² | +1.5% | +6.2% | 68 |
| 543 | Yamato Town Kumamoto |
54/100 | ¥7,130/m² | −1.3% | −8.0% | 21 |
| 544 | Hita City Oita |
54/100 | ¥19K/m² | ±0.0% | −2.5% | 51 |
| 545 | Kunisaki City Oita |
54/100 | ¥8,431/m² | −1.3% | −6.8% | 25 |
| 546 | Kirishima City Kagoshima |
54/100 | ¥17K/m² | −0.2% | −3.0% | 51 |
| 547 | Kinko Town Kagoshima |
54/100 | ¥4,508/m² | −1.7% | −10.0% | 17 |
| 548 | Ginowan City Okinawa |
54/100 | ¥147K/m² | +8.0% | +33.8% | 87 |
| 549 | Okinawa City Okinawa |
54/100 | ¥89K/m² | +4.9% | +21.7% | 83 |
| 550 | Yomitan Village Okinawa |
54/100 | ¥80K/m² | +4.3% | +18.7% | 78 |
| 551 | Haebaru Town Okinawa |
54/100 | ¥118K/m² | +7.6% | +29.7% | 81 |
| 552 | Minami Ward Sapporo City, Hokkaido |
54/100 | ¥59K/m² | +0.8% | +26.7% | 80 |
| 553 | Teine Ward Sapporo City, Hokkaido |
54/100 | ¥75K/m² | +0.5% | +45.3% | 83 |
| 554 | Wakaba Ward Chiba City, Chiba |
54/100 | ¥97K/m² | +6.2% | +20.2% | 80 |
| 555 | Kita Ward Niigata City, Niigata |
54/100 | ¥33K/m² | +0.9% | +3.6% | 67 |
| 556 | Yahatanishi Ward Kitakyushu City, Fukuoka |
54/100 | ¥62K/m² | +3.1% | +14.9% | 75 |
| 557 | Higashi Ward Fukuoka City, Fukuoka |
54/100 | ¥148K/m² | +5.6% | +48.3% | 92 |
| 558 | Higashi Ward Kumamoto City, Kumamoto |
54/100 | ¥80K/m² | +3.7% | +17.3% | 78 |
| 559 | Minami Ward Kumamoto City, Kumamoto |
54/100 | ¥51K/m² | +2.3% | +10.3% | 73 |
| 560 | Minamifurano Town Hokkaido |
53/100 | ¥1,755/m² | −2.5% | −14.1% | 4 |
| 561 | Wassamu Town Hokkaido |
53/100 | ¥4,425/m² | −1.7% | −12.0% | 9 |
| 562 | Bifuka Town Hokkaido |
53/100 | ¥2,580/m² | −2.3% | −12.3% | 5 |
| 563 | Nakagawa Town Hokkaido |
53/100 | ¥1,875/m² | −2.8% | −13.4% | 3 |
| 564 | Hamatonbetsu Town Hokkaido |
53/100 | ¥3,660/m² | −2.1% | −11.8% | 7 |
| 565 | Nishiwaga Town Iwate |
53/100 | ¥3,816/m² | −2.4% | −11.2% | 6 |
| 566 | Kakuda City Miyagi |
53/100 | ¥17K/m² | −0.8% | −2.2% | 42 |
| 567 | Kurihara City Miyagi |
53/100 | ¥10K/m² | −1.0% | −6.3% | 27 |
| 568 | Ogawara Town Miyagi |
53/100 | ¥36K/m² | +0.3% | +7.8% | 70 |
| 569 | Wakuya Town Miyagi |
53/100 | ¥13K/m² | −0.6% | −5.0% | 35 |
| 570 | Kitaakita City Akita |
53/100 | ¥6,449/m² | −1.6% | −8.6% | 14 |
| 571 | Hachirogata Town Akita |
53/100 | ¥8,295/m² | −0.9% | −8.9% | 19 |
| 572 | Date City Fukushima |
53/100 | ¥20K/m² | −0.4% | −0.7% | 51 |
| 573 | Tsuchiura City Ibaraki |
53/100 | ¥32K/m² | +0.7% | +2.0% | 65 |
| 574 | Joso City Ibaraki |
53/100 | ¥22K/m² | ±0.0% | −0.7% | 53 |
| 575 | Chikusei City Ibaraki |
53/100 | ¥21K/m² | −0.2% | −1.5% | 51 |
| 576 | Miho Village Ibaraki |
53/100 | ¥9,600/m² | −1.0% | −6.6% | 25 |
| 577 | Oyama City Tochigi |
53/100 | ¥41K/m² | +1.5% | +4.5% | 72 |
| 578 | Meiwa Town Gunma |
53/100 | ¥24K/m² | ±0.0% | −0.1% | 50 |
| 579 | Mobara City Chiba |
53/100 | ¥26K/m² | +0.2% | +0.2% | 56 |
| 580 | Nagareyama City Chiba |
53/100 | ¥211K/m² | +13.1% | +48.3% | 94 |
| 581 | Abiko City Chiba |
53/100 | ¥101K/m² | +4.3% | +21.5% | 83 |
| 582 | Katori City Chiba |
53/100 | ¥21K/m² | ±0.0% | −1.2% | 55 |
| 583 | Hakusan City Ishikawa |
53/100 | ¥47K/m² | +1.4% | +7.9% | 67 |
| 584 | Iizuna Town Nagano |
53/100 | ¥9,122/m² | −1.0% | −7.4% | 22 |
| 585 | Nakatsugawa City Gifu |
53/100 | ¥19K/m² | −0.3% | −1.8% | 51 |
| 586 | Taki Town Mie |
53/100 | ¥14K/m² | −0.8% | −4.3% | 33 |
| 587 | Koura Town Shiga |
53/100 | ¥9,800/m² | −1.3% | −5.8% | 21 |
| 588 | Kumiyama Town Kyoto |
53/100 | ¥78K/m² | +1.7% | +21.2% | 68 |
| 589 | Mitsue Village Nara |
53/100 | ¥4,430/m² | −2.2% | −10.7% | 9 |
| 590 | Yurihama Town Tottori |
53/100 | ¥15K/m² | −0.5% | −4.2% | 38 |
| 591 | Iinan Town Shimane |
53/100 | ¥5,620/m² | −2.1% | −8.2% | 12 |
| 592 | Misato Town Shimane |
53/100 | ¥5,070/m² | −2.4% | −8.9% | 10 |
| 593 | Akaiwa City Okayama |
53/100 | ¥15K/m² | −0.7% | −3.8% | 41 |
| 594 | Fukuyama City Hiroshima |
53/100 | ¥50K/m² | +2.3% | +8.1% | 77 |
| 595 | Yamaguchi City Yamaguchi |
53/100 | ¥31K/m² | +0.5% | +1.6% | 64 |
| 596 | Kurume City Fukuoka |
53/100 | ¥56K/m² | +2.0% | +12.3% | 75 |
| 597 | Onojo City Fukuoka |
53/100 | ¥164K/m² | +5.4% | +46.6% | 88 |
| 598 | Itsuki Village Kumamoto |
53/100 | ¥2,525/m² | −2.3% | −14.0% | 4 |
| 599 | Tsuno Town Miyazaki |
53/100 | ¥11K/m² | −1.0% | −5.5% | 28 |
| 600 | Isen Town Kagoshima |
53/100 | ¥3,920/m² | −2.2% | −11.7% | 7 |
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.