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 |
|---|---|---|---|---|---|---|
| 601 | Chatan Town Okinawa |
53/100 | ¥175K/m² | +10.6% | +31.5% | 85 |
| 602 | Kita Ward Sapporo City, Hokkaido |
53/100 | ¥93K/m² | +1.6% | +41.7% | 87 |
| 603 | Higashi Ward Sapporo City, Hokkaido |
53/100 | ¥119K/m² | +2.7% | +46.9% | 90 |
| 604 | Konan Ward Niigata City, Niigata |
53/100 | ¥45K/m² | +1.5% | +7.2% | 66 |
| 605 | Kita Ward Kumamoto City, Kumamoto |
53/100 | ¥51K/m² | +2.0% | +9.9% | 70 |
| 606 | Utashinai City Hokkaido |
52/100 | ¥1,918/m² | −3.0% | −16.2% | 2 |
| 607 | Urausu Town Hokkaido |
52/100 | ¥1,775/m² | −2.6% | −18.1% | 2 |
| 608 | Uryu Town Hokkaido |
52/100 | ¥2,530/m² | −2.8% | −15.2% | 3 |
| 609 | Toma Town Hokkaido |
52/100 | ¥6,467/m² | −1.6% | −9.4% | 15 |
| 610 | Aibetsu Town Hokkaido |
52/100 | ¥3,750/m² | −1.9% | −15.0% | 6 |
| 611 | Kenbuchi Town Hokkaido |
52/100 | ¥2,185/m² | −2.7% | −15.0% | 3 |
| 612 | Esashi Town Hokkaido |
52/100 | ¥5,320/m² | −1.9% | −9.9% | 11 |
| 613 | Kiyosato Town Hokkaido |
52/100 | ¥3,067/m² | −2.8% | −13.4% | 4 |
| 614 | Takinoue Town Hokkaido |
52/100 | ¥1,570/m² | −2.2% | −16.7% | 3 |
| 615 | Okoppe Town Hokkaido |
52/100 | ¥3,880/m² | −2.4% | −11.9% | 7 |
| 616 | Urahoro Town Hokkaido |
52/100 | ¥4,180/m² | −2.8% | −11.1% | 8 |
| 617 | Sotogahama Town Aomori |
52/100 | ¥4,667/m² | −2.3% | −10.8% | 8 |
| 618 | Fukaura Town Aomori |
52/100 | ¥4,100/m² | −2.6% | −11.4% | 7 |
| 619 | Yokohama Town Aomori |
52/100 | ¥5,300/m² | −2.0% | −9.3% | 12 |
| 620 | Onagawa Town Miyagi |
52/100 | ¥18K/m² | −0.5% | −3.3% | 44 |
| 621 | Kosaka Town Akita |
52/100 | ¥6,738/m² | −1.6% | −9.1% | 14 |
| 622 | Happo Town Akita |
52/100 | ¥3,800/m² | −2.6% | −12.0% | 5 |
| 623 | Nakayama Town Yamagata |
52/100 | ¥19K/m² | −0.4% | −2.0% | 46 |
| 624 | Fukushima City Fukushima |
52/100 | ¥49K/m² | +1.6% | +5.2% | 74 |
| 625 | Kitashiobara Village Fukushima |
52/100 | ¥4,525/m² | −2.7% | −9.7% | 10 |
| 626 | Bando City Ibaraki |
52/100 | ¥20K/m² | −0.3% | −1.9% | 48 |
| 627 | Ibaraki Town Ibaraki |
52/100 | ¥16K/m² | −0.8% | −3.8% | 37 |
| 628 | Mibu Town Tochigi |
52/100 | ¥32K/m² | +0.9% | +0.3% | 62 |
| 629 | Ota City Gunma |
52/100 | ¥37K/m² | +0.9% | +2.2% | 64 |
| 630 | Naganohara Town Gunma |
52/100 | ¥7,050/m² | −1.6% | −8.4% | 17 |
| 631 | Katashina Village Gunma |
52/100 | ¥7,000/m² | −1.6% | −8.8% | 13 |
| 632 | Tateyama City Chiba |
52/100 | ¥27K/m² | +0.3% | ±0.0% | 60 |
| 633 | Matsudo City Chiba |
52/100 | ¥174K/m² | +8.8% | +27.3% | 90 |
| 634 | Noda City Chiba |
52/100 | ¥56K/m² | +1.8% | +10.3% | 71 |
| 635 | Kashiwa City Chiba |
52/100 | ¥142K/m² | +5.0% | +26.5% | 90 |
| 636 | Futtsu City Chiba |
52/100 | ¥16K/m² | −0.4% | −4.5% | 42 |
| 637 | Shisui Town Chiba |
52/100 | ¥46K/m² | +1.1% | +5.5% | 60 |
| 638 | Toyama City Toyama |
52/100 | ¥45K/m² | +1.3% | +5.2% | 73 |
| 639 | Nonoichi City Ishikawa |
52/100 | ¥92K/m² | +2.7% | +18.5% | 76 |
| 640 | Minami Alps City Yamanashi |
52/100 | ¥21K/m² | −0.1% | −1.9% | 51 |
| 641 | Inabe City Mie |
52/100 | ¥20K/m² | −0.2% | −2.4% | 50 |
| 642 | Kusatsu City Shiga |
52/100 | ¥123K/m² | +5.6% | +17.0% | 87 |
| 643 | Ritto City Shiga |
52/100 | ¥79K/m² | +3.4% | +12.5% | 77 |
| 644 | Yasu City Shiga |
52/100 | ¥68K/m² | +2.9% | +10.1% | 74 |
| 645 | Aisho Town Shiga |
52/100 | ¥22K/m² | −0.4% | ±0.0% | 49 |
| 646 | Yosano Town Kyoto |
52/100 | ¥19K/m² | −0.4% | −1.9% | 41 |
| 647 | Akashi City Hyogo |
52/100 | ¥118K/m² | +5.0% | +20.8% | 85 |
| 648 | Miki City Hyogo |
52/100 | ¥30K/m² | +0.4% | +1.1% | 57 |
| 649 | Kamikawa Town Hyogo |
52/100 | ¥8,950/m² | −1.2% | −7.4% | 18 |
| 650 | Yamazoe Village Nara |
52/100 | ¥7,533/m² | −1.7% | −8.1% | 14 |
| 651 | Hidaka Town Wakayama |
52/100 | ¥19K/m² | −0.4% | −3.3% | 37 |
| 652 | Yazu Town Tottori |
52/100 | ¥16K/m² | −0.5% | −4.1% | 37 |
| 653 | Nanbu Town Tottori |
52/100 | ¥9,588/m² | −1.2% | −6.7% | 21 |
| 654 | Unnan City Shimane |
52/100 | ¥15K/m² | −0.8% | −3.5% | 38 |
| 655 | Satosho Town Okayama |
52/100 | ¥29K/m² | +0.4% | +0.1% | 53 |
| 656 | Akitakata City Hiroshima |
52/100 | ¥11K/m² | −1.1% | −5.7% | 30 |
| 657 | Tabuse Town Yamaguchi |
52/100 | ¥18K/m² | −0.4% | −3.0% | 41 |
| 658 | Kumakogen Town Ehime |
52/100 | ¥6,625/m² | −1.7% | −8.7% | 20 |
| 659 | Kihoku Town Ehime |
52/100 | ¥9,791/m² | −1.4% | −6.5% | 22 |
| 660 | Kasuga City Fukuoka |
52/100 | ¥165K/m² | +5.1% | +34.7% | 86 |
| 661 | Kawara Town Fukuoka |
52/100 | ¥13K/m² | −1.1% | −4.9% | 29 |
| 662 | Arita Town Saga |
52/100 | ¥14K/m² | −0.5% | −4.9% | 31 |
| 663 | Tsushima City Nagasaki |
52/100 | ¥13K/m² | −0.8% | −4.7% | 33 |
| 664 | Ashikita Town Kumamoto |
52/100 | ¥17K/m² | −0.7% | −3.0% | 40 |
| 665 | Kobayashi City Miyazaki |
52/100 | ¥14K/m² | −0.9% | −4.3% | 40 |
| 666 | Satsuma Town Kagoshima |
52/100 | ¥6,308/m² | −1.9% | −9.2% | 17 |
| 667 | Amagi Town Kagoshima |
52/100 | ¥6,286/m² | −1.7% | −9.8% | 13 |
| 668 | Urasoe City Okinawa |
52/100 | ¥164K/m² | +5.2% | +24.5% | 86 |
| 669 | Shiroishi Ward Sapporo City, Hokkaido |
52/100 | ¥123K/m² | +2.4% | +41.9% | 89 |
| 670 | Nishi Ward Sapporo City, Hokkaido |
52/100 | ¥128K/m² | +2.6% | +43.3% | 89 |
| 671 | Kiyota Ward Sapporo City, Hokkaido |
52/100 | ¥80K/m² | +0.6% | +43.0% | 83 |
| 672 | Aoba Ward Sendai City, Miyagi |
52/100 | ¥158K/m² | +5.4% | +31.9% | 93 |
| 673 | Taihaku Ward Sendai City, Miyagi |
52/100 | ¥121K/m² | +4.2% | +28.9% | 90 |
| 674 | Izumi Ward Sendai City, Miyagi |
52/100 | ¥117K/m² | +2.7% | +31.5% | 88 |
| 675 | Chuo Ward Chiba City, Chiba |
52/100 | ¥166K/m² | +7.6% | +29.8% | 92 |
| 676 | Mihama Ward Chiba City, Chiba |
52/100 | ¥198K/m² | +6.3% | +32.4% | 90 |
| 677 | Kita Ward Kobe City, Hyogo |
52/100 | ¥58K/m² | +2.4% | +8.6% | 72 |
| 678 | Nishi Ward Kobe City, Hyogo |
52/100 | ¥83K/m² | +3.2% | +13.8% | 80 |
| 679 | Kita Ward Okayama City, Okayama |
52/100 | ¥83K/m² | +3.2% | +13.6% | 83 |
| 680 | Minami Ward Okayama City, Okayama |
52/100 | ¥51K/m² | +2.0% | +7.2% | 72 |
| 681 | Tobata Ward Kitakyushu City, Fukuoka |
52/100 | ¥85K/m² | +3.5% | +14.2% | 74 |
| 682 | Kokurakita Ward Kitakyushu City, Fukuoka |
52/100 | ¥76K/m² | +2.5% | +15.7% | 77 |
| 683 | Yahatahigashi Ward Kitakyushu City, Fukuoka |
52/100 | ¥54K/m² | +2.0% | +8.5% | 69 |
| 684 | Hakata Ward Fukuoka City, Fukuoka |
52/100 | ¥267K/m² | +8.0% | +71.3% | 96 |
| 685 | Jonan Ward Fukuoka City, Fukuoka |
52/100 | ¥213K/m² | +6.7% | +43.6% | 90 |
| 686 | Sawara Ward Fukuoka City, Fukuoka |
52/100 | ¥273K/m² | +7.7% | +51.4% | 95 |
| 687 | Chuo Ward Kumamoto City, Kumamoto |
52/100 | ¥139K/m² | +5.9% | +21.7% | 86 |
| 688 | Shikabe Town Hokkaido |
51/100 | ¥5,167/m² | −2.2% | −10.9% | 9 |
| 689 | Okushiri Town Hokkaido |
51/100 | ¥4,525/m² | −2.1% | −12.9% | 7 |
| 690 | Suttsu Town Hokkaido |
51/100 | ¥5,075/m² | −1.7% | −13.2% | 9 |
| 691 | Shakotan Town Hokkaido |
51/100 | ¥4,350/m² | −2.1% | −14.7% | 6 |
| 692 | Furubira Town Hokkaido |
51/100 | ¥3,488/m² | −2.5% | −14.0% | 4 |
| 693 | Hokuryu Town Hokkaido |
51/100 | ¥1,750/m² | −3.2% | −19.0% | 1 |
| 694 | Kamikawa Town Hokkaido |
51/100 | ¥2,280/m² | −2.8% | −16.7% | 2 |
| 695 | Obira Town Hokkaido |
51/100 | ¥3,300/m² | −2.5% | −17.1% | 3 |
| 696 | Tomamae Town Hokkaido |
51/100 | ¥3,050/m² | −2.7% | −16.6% | 3 |
| 697 | Haboro Town Hokkaido |
51/100 | ¥4,290/m² | −2.4% | −14.0% | 6 |
| 698 | Tsubetsu Town Hokkaido |
51/100 | ¥4,067/m² | −2.6% | −12.8% | 6 |
| 699 | Shari Town Hokkaido |
51/100 | ¥8,060/m² | −1.6% | −8.3% | 17 |
| 700 | Oketo Town Hokkaido |
51/100 | ¥3,025/m² | −2.2% | −18.7% | 3 |
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.