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)

RankAreaFallingAvg. residential5 yearsIndex
201Kunneppu Town
Hokkaido
−2.0% ¥4,683/m² −15.2% 6
202Sobetsu Town
Hokkaido
−2.0% ¥4,525/m² −9.3% 10
203Ofunato City
Iwate
−2.0% ¥23K/m² −8.5% 29
204Minamishimabara City
Nagasaki
−2.0% ¥12K/m² −10.8% 21
205Yoshika Town
Shimane
−2.0% ¥8,150/m² −8.8% 13
206Kuriyama Town
Hokkaido
−2.0% ¥8,600/m² −8.8% 15
207Ainan Town
Ehime
−2.0% ¥14K/m² −8.9% 20
208Esashi Town
Hokkaido
−1.9% ¥5,320/m² −9.9% 11
209Kamo City
Niigata
−1.9% ¥22K/m² −9.1% 24
210Fuchu City
Hiroshima
−1.9% ¥22K/m² −8.7% 28
211Miyako Town
Fukuoka
−1.9% ¥9,656/m² −7.4% 22
212Aibetsu Town
Hokkaido
−1.9% ¥3,750/m² −15.0% 6
213Toyone Village
Aichi
−1.9% ¥3,487/m² −8.4% 10
214Kasagi Town
Kyoto
−1.9% ¥7,940/m² −8.8% 11
215Kamifurano Town
Hokkaido
−1.9% ¥9,200/m² −10.1% 15
216Nakanojo Town
Gunma
−1.9% ¥18K/m² −12.5% 19
217Nakanoto Town
Ishikawa
−1.9% ¥7,980/m² −11.7% 15
218Otsuki City
Yamanashi
−1.9% ¥41K/m² −8.4% 33
219Kami Town
Hyogo
−1.9% ¥15K/m² −13.5% 17
220Wakasa Town
Tottori
−1.9% ¥7,050/m² −10.0% 11
221Muroran City
Hokkaido
−1.9% ¥15K/m² −9.4% 21
222Sango Town
Nara
−1.9% ¥41K/m² −9.7% 30
223Tarumizu City
Kagoshima
−1.9% ¥12K/m² −9.1% 19
224Sanagochi Village
Tokushima
−1.9% ¥9,725/m² −8.9% 16
225Kanmaki Town
Nara
−1.9% ¥47K/m² −11.0% 32
226Satsuma Town
Kagoshima
−1.9% ¥6,308/m² −9.2% 17
227Yuni Town
Hokkaido
−1.9% ¥4,283/m² −10.7% 9
228Kamijima Town
Ehime
−1.9% ¥9,107/m² −11.1% 13
229Sera Town
Hiroshima
−1.9% ¥7,820/m² −12.9% 14
230Owani Town
Aomori
−1.9% ¥8,250/m² −8.6% 16
231Ojiya City
Niigata
−1.9% ¥24K/m² −10.5% 29
232Nishinoshima Town
Shimane
−1.9% ¥13K/m² −10.1% 15
233Toho Village
Fukuoka
−1.9% ¥4,367/m² −10.0% 9
234Ten-ei Village
Fukushima
−1.8% ¥6,700/m² −9.4% 15
235Kitakata City
Fukushima
−1.8% ¥11K/m² −6.9% 23
236Tatsuno Town
Nagano
−1.8% ¥15K/m² −10.4% 20
237Minamiuonuma City
Niigata
−1.8% ¥15K/m² −8.8% 26
238Kamigori Town
Hyogo
−1.8% ¥17K/m² −11.8% 21
239Minamisoma City
Fukushima
−1.8% ¥20K/m² −6.1% 34
240Izu City
Shizuoka
−1.8% ¥35K/m² −11.2% 31
241Takko Town
Aomori
−1.8% ¥5,912/m² −7.7% 15
242Kamiyama Town
Tokushima
−1.8% ¥11K/m² −8.5% 17
243Tsunan Town
Niigata
−1.8% ¥11K/m² −9.5% 18
244Uonuma City
Niigata
−1.8% ¥11K/m² −9.9% 23
245Nichinan City
Miyazaki
−1.8% ¥16K/m² −7.4% 31
246Ako City
Hyogo
−1.8% ¥41K/m² −7.9% 37
247Higashikagawa City
Kagawa
−1.8% ¥17K/m² −7.8% 26
248Kamaishi City
Iwate
−1.8% ¥37K/m² −6.7% 39
249Mihama Town
Fukui
−1.8% ¥13K/m² −10.4% 17
250Minakami Town
Gunma
−1.8% ¥15K/m² −10.7% 18
251Izumozaki Town
Niigata
−1.8% ¥9,025/m² −9.2% 13
252Katsuura Town
Tokushima
−1.8% ¥13K/m² −8.5% 19
253Nanbu Town
Yamanashi
−1.8% ¥12K/m² −8.2% 18
254Yasugi City
Shimane
−1.8% ¥19K/m² −8.6% 27
255Kumakogen Town
Ehime
−1.7% ¥6,625/m² −8.7% 20
256Kinko Town
Kagoshima
−1.7% ¥4,508/m² −10.0% 17
257Hodatsushimizu Town
Ishikawa
−1.7% ¥8,862/m² −12.3% 12
258Yamazoe Village
Nara
−1.7% ¥7,533/m² −8.1% 14
259Kamikatsu Town
Tokushima
−1.7% ¥5,200/m² −8.8% 12
260Izumi City
Kagoshima
−1.7% ¥11K/m² −7.8% 27
261Inawashiro Town
Fukushima
−1.7% ¥14K/m² −8.3% 23
262Kozagawa Town
Wakayama
−1.7% ¥12K/m² −6.0% 22
263Wassamu Town
Hokkaido
−1.7% ¥4,425/m² −12.0% 9
264Yubetsu Town
Hokkaido
−1.7% ¥3,100/m² −11.8% 8
265Nakagawa Village
Nagano
−1.7% ¥4,043/m² −9.4% 9
266Takashima City
Shiga
−1.7% ¥16K/m² −11.2% 28
267Uwajima City
Ehime
−1.7% ¥30K/m² −8.3% 35
268Tome City
Miyagi
−1.7% ¥10K/m² −7.8% 21
269Noheji Town
Aomori
−1.7% ¥11K/m² −7.2% 22
270Amagi Town
Kagoshima
−1.7% ¥6,286/m² −9.8% 13
271Sekigahara Town
Gifu
−1.7% ¥18K/m² −8.2% 22
272Tokunoshima Town
Kagoshima
−1.7% ¥19K/m² −6.3% 29
273Osaki City
Miyagi
−1.7% ¥21K/m² −4.3% 35
274Sumita Town
Iwate
−1.7% ¥6,760/m² −7.1% 18
275Shin-onsen Town
Hyogo
−1.7% ¥20K/m² −11.9% 20
276Suttsu Town
Hokkaido
−1.7% ¥5,075/m² −13.2% 9
277Sakaki Town
Nagano
−1.7% ¥22K/m² −8.7% 25
278Zao Town
Miyagi
−1.7% ¥9,490/m² −11.5% 14
279Mihama Town
Wakayama
−1.7% ¥20K/m² −9.8% 21
280Wakasa Town
Fukui
−1.6% ¥13K/m² −12.3% 16
281Shiranuka Town
Hokkaido
−1.6% ¥5,600/m² −6.0% 20
282Buzen City
Fukuoka
−1.6% ¥18K/m² −6.3% 30
283Tohoku Town
Aomori
−1.6% ¥5,706/m² −7.7% 16
284Shari Town
Hokkaido
−1.6% ¥8,060/m² −8.3% 17
285Bihoro Town
Hokkaido
−1.6% ¥12K/m² −7.8% 23
286Kosaka Town
Akita
−1.6% ¥6,738/m² −9.1% 14
287Hirata Village
Fukushima
−1.6% ¥6,712/m² −7.6% 18
288Higashimiyoshi Town
Tokushima
−1.6% ¥18K/m² −8.2% 25
289Ozu City
Ehime
−1.6% ¥27K/m² −8.5% 31
290Katashina Village
Gunma
−1.6% ¥7,000/m² −8.8% 13
291Toma Town
Hokkaido
−1.6% ¥6,467/m² −9.4% 15
292Koumi Town
Nagano
−1.6% ¥17K/m² −7.0% 23
293Murata Town
Miyagi
−1.6% ¥10K/m² −5.6% 25
294Uozu City
Toyama
−1.6% ¥31K/m² −7.2% 35
295Ichikawamisato Town
Yamanashi
−1.6% ¥19K/m² −8.8% 24
296Tobetsu Town
Hokkaido
−1.6% ¥7,620/m² −4.2% 20
297Omachi Town
Saga
−1.6% ¥9,250/m² −7.2% 17
298Kuzumaki Town
Iwate
−1.6% ¥6,240/m² −14.1% 9
299Kihoku Town
Mie
−1.6% ¥17K/m² −8.6% 24
300Shobara City
Hiroshima
−1.6% ¥9,289/m² −9.6% 22

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.