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 |
|---|---|---|---|---|---|---|
| 701 | Omu Town Hokkaido |
51/100 | ¥2,858/m² | −2.7% | −15.5% | 3 |
| 702 | Aomori City Aomori |
51/100 | ¥35K/m² | +0.6% | +1.4% | 65 |
| 703 | Sai Village Aomori |
51/100 | ¥4,433/m² | −2.8% | −11.7% | 6 |
| 704 | Morioka City Iwate |
51/100 | ¥56K/m² | +1.3% | +9.5% | 76 |
| 705 | Noda Village Iwate |
51/100 | ¥10K/m² | −1.2% | −7.3% | 23 |
| 706 | Murata Town Miyagi |
51/100 | ¥10K/m² | −1.6% | −5.6% | 25 |
| 707 | Shibata Town Miyagi |
51/100 | ¥32K/m² | −0.2% | +4.2% | 63 |
| 708 | Murayama City Yamagata |
51/100 | ¥18K/m² | −0.7% | −3.1% | 41 |
| 709 | Obanazawa City Yamagata |
51/100 | ¥12K/m² | −1.1% | −5.4% | 27 |
| 710 | Yamanobe Town Yamagata |
51/100 | ¥22K/m² | −0.4% | −0.5% | 52 |
| 711 | Ten-ei Village Fukushima |
51/100 | ¥6,700/m² | −1.8% | −9.4% | 15 |
| 712 | Tadami Town Fukushima |
51/100 | ¥4,780/m² | −2.4% | −11.3% | 8 |
| 713 | Samegawa Village Fukushima |
51/100 | ¥4,653/m² | −3.0% | −11.0% | 9 |
| 714 | Kitaibaraki City Ibaraki |
51/100 | ¥20K/m² | −0.3% | −2.6% | 46 |
| 715 | Shirosato Town Ibaraki |
51/100 | ¥9,288/m² | −1.5% | −7.4% | 20 |
| 716 | Nasu Town Tochigi |
51/100 | ¥8,613/m² | −1.4% | −7.9% | 19 |
| 717 | Midori City Gunma |
51/100 | ¥19K/m² | −0.2% | −4.0% | 44 |
| 718 | Chiyoda Town Gunma |
51/100 | ¥18K/m² | −0.2% | −4.0% | 39 |
| 719 | Funabashi City Chiba |
51/100 | ¥201K/m² | +5.1% | +31.6% | 92 |
| 720 | Sakura City Chiba |
51/100 | ¥68K/m² | +3.2% | +8.5% | 77 |
| 721 | Okutama Town Tokyo |
51/100 | ¥26K/m² | ±0.0% | −0.7% | 46 |
| 722 | Ogasawara Village Tokyo |
51/100 | ¥26K/m² | ±0.0% | ±0.0% | 48 |
| 723 | Atsugi City Kanagawa |
51/100 | ¥129K/m² | +3.8% | +19.4% | 85 |
| 724 | Hayama Town Kanagawa |
51/100 | ¥176K/m² | +6.4% | +23.5% | 86 |
| 725 | Agano City Niigata |
51/100 | ¥14K/m² | −0.7% | −5.0% | 38 |
| 726 | Yuzawa Town Niigata |
51/100 | ¥17K/m² | −0.2% | −4.9% | 33 |
| 727 | Eiheiji Town Fukui |
51/100 | ¥27K/m² | +0.5% | −1.2% | 51 |
| 728 | Wanouchi Town Gifu |
51/100 | ¥20K/m² | −0.6% | −1.6% | 42 |
| 729 | Ichinomiya City Aichi |
51/100 | ¥88K/m² | +3.2% | +13.8% | 78 |
| 730 | Tokoname City Aichi |
51/100 | ¥49K/m² | +1.7% | +3.2% | 65 |
| 731 | Obu City Aichi |
51/100 | ¥157K/m² | +4.3% | +29.7% | 83 |
| 732 | Suzuka City Mie |
51/100 | ¥38K/m² | +0.9% | +2.9% | 65 |
| 733 | Moriyama City Shiga |
51/100 | ¥98K/m² | +4.0% | +13.7% | 77 |
| 734 | Kyotango City Kyoto |
51/100 | ¥13K/m² | −0.9% | −5.4% | 36 |
| 735 | Ono City Hyogo |
51/100 | ¥37K/m² | +0.5% | +3.1% | 65 |
| 736 | Nosegawa Village Nara |
51/100 | ¥2,883/m² | −3.4% | −15.3% | 2 |
| 737 | Shimokitayama Village Nara |
51/100 | ¥3,473/m² | −3.3% | −15.1% | 3 |
| 738 | Okuizumo Town Shimane |
51/100 | ¥12K/m² | −1.2% | −4.9% | 28 |
| 739 | Asakuchi City Okayama |
51/100 | ¥29K/m² | +0.2% | −0.1% | 56 |
| 740 | Shimonoseki City Yamaguchi |
51/100 | ¥36K/m² | +0.6% | +2.0% | 66 |
| 741 | Kudamatsu City Yamaguchi |
51/100 | ¥42K/m² | +1.0% | +3.2% | 67 |
| 742 | Shunan City Yamaguchi |
51/100 | ¥37K/m² | +0.7% | +1.8% | 65 |
| 743 | Awa City Tokushima |
51/100 | ¥11K/m² | −1.5% | −5.7% | 27 |
| 744 | Shimanto Town Kochi |
51/100 | ¥15K/m² | −0.9% | −4.2% | 35 |
| 745 | Nakama City Fukuoka |
51/100 | ¥28K/m² | −0.1% | +0.5% | 57 |
| 746 | Omachi Town Saga |
51/100 | ¥9,250/m² | −1.6% | −7.2% | 17 |
| 747 | Nagayo Town Nagasaki |
51/100 | ¥56K/m² | +1.6% | +7.0% | 69 |
| 748 | Togitsu Town Nagasaki |
51/100 | ¥60K/m² | +2.1% | +8.2% | 70 |
| 749 | Reihoku Town Kumamoto |
51/100 | ¥12K/m² | −1.1% | −5.2% | 27 |
| 750 | Ebino City Miyazaki |
51/100 | ¥10K/m² | −1.2% | −6.4% | 31 |
| 751 | Kadena Town Okinawa |
51/100 | ¥88K/m² | +2.9% | +15.3% | 70 |
| 752 | Chuo Ward Sapporo City, Hokkaido |
51/100 | ¥241K/m² | +5.5% | +46.8% | 96 |
| 753 | Atsubetsu Ward Sapporo City, Hokkaido |
51/100 | ¥115K/m² | +1.3% | +38.7% | 87 |
| 754 | Wakabayashi Ward Sendai City, Miyagi |
51/100 | ¥172K/m² | +4.5% | +35.7% | 92 |
| 755 | Minami Ward Kyoto City, Kyoto |
51/100 | ¥229K/m² | +9.7% | +38.8% | 93 |
| 756 | Naniwa Ward Osaka City, Osaka |
51/100 | ¥416K/m² | +14.9% | +50.5% | 96 |
| 757 | Mihara Ward Sakai City, Osaka |
51/100 | ¥78K/m² | +3.5% | +10.5% | 77 |
| 758 | Naka Ward Okayama City, Okayama |
51/100 | ¥81K/m² | +3.0% | +11.8% | 78 |
| 759 | Minami Ward Fukuoka City, Fukuoka |
51/100 | ¥232K/m² | +6.6% | +42.9% | 92 |
| 760 | Yubari City Hokkaido |
50/100 | ¥2,128/m² | −3.3% | −16.9% | 1 |
| 761 | Iwamizawa City Hokkaido |
50/100 | ¥9,569/m² | −1.3% | −8.4% | 19 |
| 762 | Bibai City Hokkaido |
50/100 | ¥4,380/m² | −2.4% | −17.0% | 4 |
| 763 | Akabira City Hokkaido |
50/100 | ¥2,958/m² | −4.0% | −20.7% | 1 |
| 764 | Mikasa City Hokkaido |
50/100 | ¥3,338/m² | −3.9% | −17.9% | 1 |
| 765 | Shiriuchi Town Hokkaido |
50/100 | ¥4,350/m² | −2.9% | −12.9% | 5 |
| 766 | Yoichi Town Hokkaido |
50/100 | ¥8,040/m² | −1.5% | −10.3% | 14 |
| 767 | Naie Town Hokkaido |
50/100 | ¥4,190/m² | −3.0% | −16.6% | 3 |
| 768 | Kamisunagawa Town Hokkaido |
50/100 | ¥1,540/m² | −4.0% | −18.1% | 1 |
| 769 | Shintotsukawa Town Hokkaido |
50/100 | ¥5,130/m² | −2.0% | −14.3% | 7 |
| 770 | Moseushi Town Hokkaido |
50/100 | ¥3,850/m² | −2.4% | −17.8% | 4 |
| 771 | Chippubetsu Town Hokkaido |
50/100 | ¥3,025/m² | −3.0% | −18.4% | 2 |
| 772 | Pippu Town Hokkaido |
50/100 | ¥4,567/m² | −2.5% | −13.9% | 6 |
| 773 | Enbetsu Town Hokkaido |
50/100 | ¥4,125/m² | −2.6% | −18.3% | 4 |
| 774 | Koshimizu Town Hokkaido |
50/100 | ¥4,367/m² | −2.4% | −14.7% | 5 |
| 775 | Kunneppu Town Hokkaido |
50/100 | ¥4,683/m² | −2.0% | −15.2% | 6 |
| 776 | Ozora Town Hokkaido |
50/100 | ¥6,060/m² | −2.2% | −11.7% | 9 |
| 777 | Owani Town Aomori |
50/100 | ¥8,250/m² | −1.9% | −8.6% | 16 |
| 778 | Nakadomari Town Aomori |
50/100 | ¥5,329/m² | −2.0% | −12.6% | 8 |
| 779 | Sannohe Town Aomori |
50/100 | ¥14K/m² | −1.1% | −4.6% | 33 |
| 780 | Hachimantai City Iwate |
50/100 | ¥9,037/m² | −1.2% | −9.4% | 18 |
| 781 | Oshu City Iwate |
50/100 | ¥18K/m² | −0.9% | −2.9% | 40 |
| 782 | Kuzumaki Town Iwate |
50/100 | ¥6,240/m² | −1.6% | −14.1% | 9 |
| 783 | Shiroishi City Miyagi |
50/100 | ¥18K/m² | −1.2% | −1.2% | 42 |
| 784 | Kazuno City Akita |
50/100 | ¥10K/m² | −1.2% | −7.7% | 22 |
| 785 | Shinjo City Yamagata |
50/100 | ¥23K/m² | −0.3% | −1.1% | 51 |
| 786 | Nagai City Yamagata |
50/100 | ¥16K/m² | −0.9% | −4.0% | 36 |
| 787 | Yanaizu Town Fukushima |
50/100 | ¥5,467/m² | −3.5% | −10.6% | 8 |
| 788 | Kaneyama Town Fukushima |
50/100 | ¥3,213/m² | −3.0% | −16.4% | 4 |
| 789 | Miharu Town Fukushima |
50/100 | ¥17K/m² | −0.8% | −3.8% | 42 |
| 790 | Koga City Ibaraki |
50/100 | ¥37K/m² | +0.5% | +1.9% | 66 |
| 791 | Yuki City Ibaraki |
50/100 | ¥28K/m² | −0.1% | +0.1% | 58 |
| 792 | Kasama City Ibaraki |
50/100 | ¥20K/m² | −0.3% | −2.9% | 45 |
| 793 | Goka Town Ibaraki |
50/100 | ¥19K/m² | −0.9% | −1.6% | 47 |
| 794 | Mooka City Tochigi |
50/100 | ¥24K/m² | ±0.0% | −1.5% | 53 |
| 795 | Shimotsuke City Tochigi |
50/100 | ¥44K/m² | +0.9% | +3.0% | 69 |
| 796 | Yoshioka Town Gunma |
50/100 | ¥33K/m² | +0.3% | +0.7% | 57 |
| 797 | Oizumi Town Gunma |
50/100 | ¥30K/m² | +0.3% | ±0.0% | 59 |
| 798 | Nagatoro Town Saitama |
50/100 | ¥16K/m² | −0.7% | −4.6% | 31 |
| 799 | Kamisato Town Saitama |
50/100 | ¥31K/m² | −0.1% | +1.3% | 57 |
| 800 | Narashino City Chiba |
50/100 | ¥207K/m² | +5.4% | +23.7% | 89 |
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.