Where land prices are falling in Japan

Municipalities ranked by the lowest average year-on-year change of survey sites.

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

Rank	Area	Falling	Avg. residential	5 years	Index
1	Suzu City Ishikawa	−5.0%	¥6,260/m²	−30.9%	8
2	Shikama Town Miyagi	−4.9%	¥6,633/m²	−19.1%	5
3	Wajima City Ishikawa	−4.9%	¥16K/m²	−28.0%	20
4	Numata Town Hokkaido	−4.7%	¥3,295/m²	−22.9%	1
5	Erimo Town Hokkaido	−4.6%	¥6,083/m²	−20.1%	4
6	Toyoura Town Hokkaido	−4.5%	¥5,017/m²	−23.1%	2
7	Kami Town Miyagi	−4.5%	¥10K/m²	−15.3%	10
8	Honbetsu Town Hokkaido	−4.4%	¥7,500/m²	−13.2%	7
9	Yamatsuri Town Fukushima	−4.1%	¥9,020/m²	−18.2%	7
10	Fukushima Town Hokkaido	−4.0%	¥6,690/m²	−17.6%	5
11	Hiroo Town Hokkaido	−4.0%	¥5,580/m²	−16.3%	4
12	Kamisunagawa Town Hokkaido	−4.0%	¥1,540/m²	−18.1%	1
13	Akabira City Hokkaido	−4.0%	¥2,958/m²	−20.7%	1
14	Mikasa City Hokkaido	−3.9%	¥3,338/m²	−17.9%	1
15	Esashi Town Hokkaido	−3.9%	¥9,800/m²	−18.0%	8
16	Samani Town Hokkaido	−3.8%	¥5,150/m²	−20.0%	3
17	Kesennuma City Miyagi	−3.7%	¥20K/m²	−14.4%	18
18	Mugi Town Tokushima	−3.7%	¥14K/m²	−16.4%	11
19	Minamisanriku Town Miyagi	−3.7%	¥11K/m²	−12.7%	12
20	Tsukigata Town Hokkaido	−3.7%	¥3,800/m²	−19.2%	2
21	Imabetsu Town Aomori	−3.6%	¥4,150/m²	−15.8%	3
22	Kaminokuni Town Hokkaido	−3.5%	¥5,033/m²	−15.5%	4
23	Yamada Town Iwate	−3.5%	¥20K/m²	−16.2%	17
24	Yanaizu Town Fukushima	−3.5%	¥5,467/m²	−10.6%	8
25	Assabu Town Hokkaido	−3.5%	¥6,017/m²	−15.8%	5
26	Kamikitayama Village Nara	−3.5%	¥4,700/m²	−16.3%	4
27	Ono City Fukui	−3.5%	¥13K/m²	−15.8%	15
28	Nosegawa Village Nara	−3.4%	¥2,883/m²	−15.3%	2
29	Shika Town Ishikawa	−3.4%	¥6,469/m²	−22.4%	8
30	Matsumae Town Hokkaido	−3.4%	¥6,350/m²	−17.5%	5
31	Kaminoseki Town Yamaguchi	−3.4%	¥11K/m²	−15.2%	8
32	Ichinohe Town Iwate	−3.4%	¥14K/m²	−15.3%	12
33	Shimoichi Town Nara	−3.3%	¥16K/m²	−15.8%	13
34	Yubari City Hokkaido	−3.3%	¥2,128/m²	−16.9%	1
35	Yoshino Town Nara	−3.3%	¥14K/m²	−15.2%	12
36	Tanohata Village Iwate	−3.3%	¥5,870/m²	−14.7%	6
37	Nishiaizu Town Fukushima	−3.3%	¥6,350/m²	−11.9%	9
38	Yusui Town Kagoshima	−3.3%	¥6,913/m²	−12.5%	17
39	Otobe Town Hokkaido	−3.3%	¥6,017/m²	−17.0%	5
40	Shimokitayama Village Nara	−3.3%	¥3,473/m²	−15.1%	3
41	Tsuwano Town Shimane	−3.2%	¥16K/m²	−12.7%	15
42	Minami Town Tokushima	−3.2%	¥15K/m²	−15.0%	12
43	Agematsu Town Nagano	−3.2%	¥12K/m²	−14.6%	10
44	Hokuryu Town Hokkaido	−3.2%	¥1,750/m²	−19.0%	1
45	Teshio Town Hokkaido	−3.2%	¥4,300/m²	−15.8%	3
46	Kurotaki Village Nara	−3.1%	¥5,507/m²	−14.8%	4
47	Nanao City Ishikawa	−3.1%	¥15K/m²	−17.3%	21
48	Edajima City Hiroshima	−3.1%	¥15K/m²	−18.9%	17
49	Shiraoi Town Hokkaido	−3.1%	¥5,008/m²	−15.4%	4
50	Wazuka Town Kyoto	−3.1%	¥13K/m²	−13.2%	11
51	Kawakami Village Nara	−3.1%	¥7,677/m²	−14.6%	7
52	Urakawa Town Hokkaido	−3.0%	¥8,810/m²	−17.9%	7
53	Samegawa Village Fukushima	−3.0%	¥4,653/m²	−11.0%	9
54	Naie Town Hokkaido	−3.0%	¥4,190/m²	−16.6%	3
55	Utashinai City Hokkaido	−3.0%	¥1,918/m²	−16.2%	2
56	Fukagawa City Hokkaido	−3.0%	¥5,925/m²	−19.3%	4
57	Hakui City Ishikawa	−3.0%	¥15K/m²	−17.9%	18
58	Kaneyama Town Fukushima	−3.0%	¥3,213/m²	−16.4%	4
59	Chippubetsu Town Hokkaido	−3.0%	¥3,025/m²	−18.4%	2
60	Kuji City Iwate	−3.0%	¥16K/m²	−11.9%	16
61	Ashibetsu City Hokkaido	−3.0%	¥4,086/m²	−19.3%	2
62	Choshi City Chiba	−2.9%	¥28K/m²	−10.8%	31
63	Kawanehon Town Shizuoka	−2.9%	¥8,788/m²	−13.1%	11
64	Kawasaki Town Miyagi	−2.9%	¥9,025/m²	−15.2%	9
65	Kikonai Town Hokkaido	−2.9%	¥8,430/m²	−13.2%	9
66	Shiriuchi Town Hokkaido	−2.9%	¥4,350/m²	−12.9%	5
67	Motegi Town Tochigi	−2.9%	¥12K/m²	−14.5%	12
68	Minamikyushu City Kagoshima	−2.9%	¥8,940/m²	−11.6%	19
69	Makurazaki City Kagoshima	−2.9%	¥15K/m²	−17.3%	17
70	Nasukarasuyama City Tochigi	−2.9%	¥11K/m²	−13.4%	12
71	Otsuchi Town Iwate	−2.8%	¥21K/m²	−12.5%	22
72	Kamikawa Town Hokkaido	−2.8%	¥2,280/m²	−16.7%	2
73	Minamisatsuma City Kagoshima	−2.8%	¥8,108/m²	−14.1%	16
74	Uryu Town Hokkaido	−2.8%	¥2,530/m²	−15.2%	3
75	Sai Village Aomori	−2.8%	¥4,433/m²	−11.7%	6
76	Anamizu Town Ishikawa	−2.8%	¥12K/m²	−18.0%	14
77	Gojo City Nara	−2.8%	¥18K/m²	−11.9%	21
78	Urahoro Town Hokkaido	−2.8%	¥4,180/m²	−11.1%	8
79	Iwate Town Iwate	−2.8%	¥12K/m²	−19.1%	10
80	Toyotomi Town Hokkaido	−2.8%	¥5,133/m²	−14.0%	6
81	Noto Town Ishikawa	−2.8%	¥7,544/m²	−21.5%	10
82	Nakagawa Town Hokkaido	−2.8%	¥1,875/m²	−13.4%	3
83	Setana Town Hokkaido	−2.8%	¥7,640/m²	−13.6%	9
84	Kiyosato Town Hokkaido	−2.8%	¥3,067/m²	−13.4%	4
85	Oyodo Town Nara	−2.8%	¥21K/m²	−12.9%	22
86	Totsukawa Village Nara	−2.7%	¥7,730/m²	−13.3%	8
87	Kaiyo Town Tokushima	−2.7%	¥11K/m²	−13.1%	16
88	Minobu Town Yamanashi	−2.7%	¥9,628/m²	−11.1%	12
89	Tomamae Town Hokkaido	−2.7%	¥3,050/m²	−16.6%	3
90	Kiso Town Nagano	−2.7%	¥12K/m²	−13.9%	14
91	Chizu Town Tottori	−2.7%	¥14K/m²	−15.4%	12
92	Omu Town Hokkaido	−2.7%	¥2,858/m²	−15.5%	3
93	Kenbuchi Town Hokkaido	−2.7%	¥2,185/m²	−15.0%	3
94	Horonobe Town Hokkaido	−2.7%	¥4,400/m²	−17.3%	4
95	Kitashiobara Village Fukushima	−2.7%	¥4,525/m²	−9.7%	10
96	Misaki Town Osaka	−2.7%	¥20K/m²	−18.5%	18
97	Soni Village Nara	−2.7%	¥6,210/m²	−9.1%	10
98	Mori Town Hokkaido	−2.7%	¥7,770/m²	−12.3%	9
99	Mashike Town Hokkaido	−2.7%	¥4,800/m²	−14.6%	5
100	Kawamata Town Fukushima	−2.6%	¥14K/m²	−7.4%	23

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.