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 |
|---|---|---|---|---|---|---|
| 801 | Onjuku Town Chiba |
50/100 | ¥16K/m² | −0.7% | −5.0% | 32 |
| 802 | Shinjuku Ward Tokyo |
50/100 | ¥1.13M/m² | +13.2% | +45.9% | 99 |
| 803 | Bunkyo Ward Tokyo |
50/100 | ¥1.44M/m² | +15.7% | +52.5% | 99 |
| 804 | Taito Ward Tokyo |
50/100 | ¥1.20M/m² | +18.5% | +60.5% | 99 |
| 805 | Sumida Ward Tokyo |
50/100 | ¥621K/m² | +13.9% | +45.5% | 98 |
| 806 | Nakano Ward Tokyo |
50/100 | ¥785K/m² | +12.7% | +46.5% | 98 |
| 807 | Toshima Ward Tokyo |
50/100 | ¥935K/m² | +13.9% | +48.3% | 99 |
| 808 | Kita Ward Tokyo |
50/100 | ¥736K/m² | +13.0% | +45.4% | 98 |
| 809 | Arakawa Ward Tokyo |
50/100 | ¥745K/m² | +13.9% | +47.4% | 98 |
| 810 | Murakami City Niigata |
50/100 | ¥14K/m² | −0.9% | −5.4% | 37 |
| 811 | Sado City Niigata |
50/100 | ¥9,931/m² | −1.4% | −7.9% | 27 |
| 812 | Kanazawa City Ishikawa |
50/100 | ¥92K/m² | +2.7% | +13.4% | 82 |
| 813 | Uchinada Town Ishikawa |
50/100 | ¥45K/m² | +0.3% | +7.9% | 67 |
| 814 | Showa Town Yamanashi |
50/100 | ¥52K/m² | +0.9% | +5.0% | 66 |
| 815 | Matsumoto City Nagano |
50/100 | ¥48K/m² | +1.2% | +3.5% | 74 |
| 816 | Shiojiri City Nagano |
50/100 | ¥40K/m² | +0.6% | +2.4% | 67 |
| 817 | Sakuho Town Nagano |
50/100 | ¥18K/m² | −0.4% | −3.7% | 37 |
| 818 | Iijima Town Nagano |
50/100 | ¥10K/m² | −1.1% | −7.6% | 21 |
| 819 | Tajimi City Gifu |
50/100 | ¥38K/m² | +0.4% | +1.4% | 65 |
| 820 | Hashima City Gifu |
50/100 | ¥37K/m² | +0.8% | +1.5% | 65 |
| 821 | Nagakute City Aichi |
50/100 | ¥178K/m² | +5.0% | +21.1% | 85 |
| 822 | Higashiura Town Aichi |
50/100 | ¥92K/m² | +2.0% | +15.3% | 72 |
| 823 | Yokkaichi City Mie |
50/100 | ¥50K/m² | +1.1% | +4.4% | 73 |
| 824 | Komono Town Mie |
50/100 | ¥33K/m² | +0.2% | +1.3% | 60 |
| 825 | Omihachiman City Shiga |
50/100 | ¥50K/m² | +1.5% | +3.7% | 71 |
| 826 | Kasagi Town Kyoto |
50/100 | ¥7,940/m² | −1.9% | −8.8% | 11 |
| 827 | Moriguchi City Osaka |
50/100 | ¥190K/m² | +6.0% | +19.3% | 87 |
| 828 | Nishiwaki City Hyogo |
50/100 | ¥19K/m² | −0.5% | −3.3% | 41 |
| 829 | Harima Town Hyogo |
50/100 | ¥84K/m² | +3.1% | +10.2% | 69 |
| 830 | Ichikawa Town Hyogo |
50/100 | ¥9,533/m² | −1.4% | −8.3% | 16 |
| 831 | Soni Village Nara |
50/100 | ¥6,210/m² | −2.7% | −9.1% | 10 |
| 832 | Wakasa Town Tottori |
50/100 | ¥7,050/m² | −1.9% | −10.0% | 11 |
| 833 | Kurashiki City Okayama |
50/100 | ¥51K/m² | +1.2% | +5.3% | 75 |
| 834 | Setouchi City Okayama |
50/100 | ¥21K/m² | −0.5% | −2.0% | 49 |
| 835 | Higashihiroshima City Hiroshima |
50/100 | ¥47K/m² | +1.0% | +3.5% | 72 |
| 836 | Fuchu Town Hiroshima |
50/100 | ¥188K/m² | +5.5% | +21.9% | 83 |
| 837 | Kumano Town Hiroshima |
50/100 | ¥33K/m² | +0.7% | −0.5% | 58 |
| 838 | Hagi City Yamaguchi |
50/100 | ¥13K/m² | −0.8% | −6.6% | 33 |
| 839 | Hikari City Yamaguchi |
50/100 | ¥28K/m² | +0.1% | −0.4% | 57 |
| 840 | Naka Town Tokushima |
50/100 | ¥7,466/m² | −2.1% | −9.3% | 15 |
| 841 | Kamiita Town Tokushima |
50/100 | ¥13K/m² | −1.2% | −5.0% | 27 |
| 842 | Yasuda Town Kochi |
50/100 | ¥11K/m² | −1.3% | −5.8% | 24 |
| 843 | Nakatosa Town Kochi |
50/100 | ¥15K/m² | −0.9% | −4.7% | 32 |
| 844 | Sakawa Town Kochi |
50/100 | ¥23K/m² | −0.1% | −1.6% | 49 |
| 845 | Ochi Town Kochi |
50/100 | ¥21K/m² | −0.4% | −2.4% | 44 |
| 846 | Miyazaki City Miyazaki |
50/100 | ¥50K/m² | +1.5% | +3.6% | 74 |
| 847 | Toyohira Ward Sapporo City, Hokkaido |
50/100 | ¥154K/m² | +2.2% | +39.4% | 89 |
| 848 | Nishi Ward Yokohama City, Kanagawa |
50/100 | ¥382K/m² | +9.1% | +36.3% | 96 |
| 849 | Chuo Ward Sagamihara City, Kanagawa |
50/100 | ¥180K/m² | +5.2% | +20.8% | 88 |
| 850 | Atsuta Ward Nagoya City, Aichi |
50/100 | ¥278K/m² | +6.7% | +36.1% | 89 |
| 851 | Moriyama Ward Nagoya City, Aichi |
50/100 | ¥143K/m² | +3.6% | +17.1% | 82 |
| 852 | Higashiyama Ward Kyoto City, Kyoto |
50/100 | ¥351K/m² | +11.3% | +38.8% | 92 |
| 853 | Shimogyo Ward Kyoto City, Kyoto |
50/100 | ¥320K/m² | +9.2% | +37.4% | 95 |
| 854 | Fukushima Ward Osaka City, Osaka |
50/100 | ¥524K/m² | +12.4% | +44.8% | 96 |
| 855 | Nishi Ward Osaka City, Osaka |
50/100 | ¥651K/m² | +15.5% | +62.5% | 98 |
| 856 | Higashiyodogawa Ward Osaka City, Osaka |
50/100 | ¥251K/m² | +8.5% | +26.4% | 91 |
| 857 | Higashinari Ward Osaka City, Osaka |
50/100 | ¥290K/m² | +9.8% | +35.3% | 93 |
| 858 | Joto Ward Osaka City, Osaka |
50/100 | ¥315K/m² | +8.6% | +32.3% | 93 |
| 859 | Nishinari Ward Osaka City, Osaka |
50/100 | ¥219K/m² | +8.2% | +24.9% | 87 |
| 860 | Yodogawa Ward Osaka City, Osaka |
50/100 | ¥288K/m² | +9.0% | +30.3% | 94 |
| 861 | Tsurumi Ward Osaka City, Osaka |
50/100 | ¥274K/m² | +8.9% | +29.6% | 91 |
| 862 | Kita Ward Osaka City, Osaka |
50/100 | ¥558K/m² | +13.5% | +48.0% | 98 |
| 863 | Chuo Ward Osaka City, Osaka |
50/100 | ¥711K/m² | +14.1% | +48.1% | 99 |
| 864 | Higashi Ward Sakai City, Osaka |
50/100 | ¥142K/m² | +4.5% | +18.1% | 81 |
| 865 | Higashi Ward Okayama City, Okayama |
50/100 | ¥33K/m² | +0.4% | +0.7% | 64 |
| 866 | Wakamatsu Ward Kitakyushu City, Fukuoka |
50/100 | ¥41K/m² | +0.2% | +4.3% | 62 |
| 867 | Nishi Ward Kumamoto City, Kumamoto |
50/100 | ¥65K/m² | +1.7% | +7.0% | 74 |
| 868 | Ashibetsu City Hokkaido |
49/100 | ¥4,086/m² | −3.0% | −19.3% | 2 |
| 869 | Hokuto City Hokkaido |
49/100 | ¥22K/m² | −0.5% | −2.1% | 49 |
| 870 | Tsukigata Town Hokkaido |
49/100 | ¥3,800/m² | −3.7% | −19.2% | 2 |
| 871 | Numata Town Hokkaido |
49/100 | ¥3,295/m² | −4.7% | −22.9% | 1 |
| 872 | Mashike Town Hokkaido |
49/100 | ¥4,800/m² | −2.7% | −14.6% | 5 |
| 873 | Teshio Town Hokkaido |
49/100 | ¥4,300/m² | −3.2% | −15.8% | 3 |
| 874 | Toyotomi Town Hokkaido |
49/100 | ¥5,133/m² | −2.8% | −14.0% | 6 |
| 875 | Horonobe Town Hokkaido |
49/100 | ¥4,400/m² | −2.7% | −17.3% | 4 |
| 876 | Ashoro Town Hokkaido |
49/100 | ¥7,340/m² | −2.1% | −10.3% | 12 |
| 877 | Hachinohe City Aomori |
49/100 | ¥33K/m² | +0.1% | +0.6% | 61 |
| 878 | Imabetsu Town Aomori |
49/100 | ¥4,150/m² | −3.6% | −15.8% | 3 |
| 879 | Matsushima Town Miyagi |
49/100 | ¥21K/m² | −0.3% | −3.6% | 46 |
| 880 | Nihonmatsu City Fukushima |
49/100 | ¥20K/m² | −0.7% | −2.8% | 46 |
| 881 | Ono Town Fukushima |
49/100 | ¥12K/m² | −1.5% | −6.1% | 26 |
| 882 | Toride City Ibaraki |
49/100 | ¥45K/m² | +1.3% | +0.9% | 68 |
| 883 | Hitachinaka City Ibaraki |
49/100 | ¥33K/m² | +0.2% | +0.4% | 62 |
| 884 | Sakura City Tochigi |
49/100 | ¥25K/m² | +0.1% | −2.1% | 53 |
| 885 | Kanra Town Gunma |
49/100 | ¥17K/m² | −0.7% | −4.5% | 34 |
| 886 | Higashiagatsuma Town Gunma |
49/100 | ¥14K/m² | −0.9% | −6.2% | 28 |
| 887 | Soka City Saitama |
49/100 | ¥163K/m² | +4.4% | +17.6% | 87 |
| 888 | Warabi City Saitama |
49/100 | ¥324K/m² | +6.4% | +27.8% | 91 |
| 889 | Toda City Saitama |
49/100 | ¥320K/m² | +6.7% | +30.5% | 92 |
| 890 | Yashio City Saitama |
49/100 | ¥138K/m² | +3.4% | +15.3% | 82 |
| 891 | Yachiyo City Chiba |
49/100 | ¥118K/m² | +4.4% | +12.0% | 82 |
| 892 | Chiyoda Ward Tokyo |
49/100 | ¥3.88M/m² | +12.2% | +42.3% | 97 |
| 893 | Chuo Ward Tokyo |
49/100 | ¥1.91M/m² | +13.0% | +42.0% | 99 |
| 894 | Minato Ward Tokyo |
49/100 | ¥3.03M/m² | +14.6% | +44.7% | 99 |
| 895 | Koto Ward Tokyo |
49/100 | ¥694K/m² | +13.2% | +43.7% | 99 |
| 896 | Shinagawa Ward Tokyo |
49/100 | ¥1.24M/m² | +13.8% | +46.5% | 99 |
| 897 | Meguro Ward Tokyo |
49/100 | ¥1.37M/m² | +13.5% | +46.1% | 98 |
| 898 | Shibuya Ward Tokyo |
49/100 | ¥1.84M/m² | +12.3% | +44.4% | 99 |
| 899 | Suginami Ward Tokyo |
49/100 | ¥726K/m² | +10.8% | +39.3% | 98 |
| 900 | Itabashi Ward Tokyo |
49/100 | ¥560K/m² | +9.9% | +33.1% | 97 |
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.