Municipalities in Japan (wards of designated cities counted separately) ranked by the average price of residential survey sites.
Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
| Rank | Area | Cities: residential | 1 year | 5 years | Index |
|---|---|---|---|---|---|
| 1 | Karuizawa Town Nagano |
¥83K/m² | +13.5% | +55.4% | 90 |
| 2 | Nagano City Nagano |
¥50K/m² | +0.9% | +1.8% | 72 |
| 3 | Matsumoto City Nagano |
¥48K/m² | +1.2% | +3.5% | 74 |
| 4 | Shimosuwa Town Nagano |
¥41K/m² | −0.6% | −5.8% | 42 |
| 5 | Shiojiri City Nagano |
¥40K/m² | +0.6% | +2.4% | 67 |
| 6 | Suwa City Nagano |
¥37K/m² | −0.6% | −4.3% | 45 |
| 7 | Obuse Town Nagano |
¥35K/m² | +1.3% | +4.7% | 62 |
| 8 | Okaya City Nagano |
¥34K/m² | −0.6% | −5.6% | 43 |
| 9 | Ueda City Nagano |
¥34K/m² | +0.2% | −0.5% | 63 |
| 10 | Suzaka City Nagano |
¥31K/m² | +0.2% | −0.3% | 57 |
| 11 | Nozawaonsen Village Nagano |
¥30K/m² | +23.1% | +79.3% | 72 |
| 12 | Chikuma City Nagano |
¥29K/m² | −0.2% | −2.6% | 52 |
| 13 | Nakano City Nagano |
¥27K/m² | ±0.0% | −2.4% | 51 |
| 14 | Azumino City Nagano |
¥26K/m² | +1.6% | +4.3% | 68 |
| 15 | Saku City Nagano |
¥26K/m² | +0.6% | +0.3% | 63 |
| 16 | Chino City Nagano |
¥25K/m² | ±0.0% | −4.1% | 49 |
| 17 | Miyota Town Nagano |
¥22K/m² | +8.1% | +11.4% | 72 |
| 18 | Sakaki Town Nagano |
¥22K/m² | −1.7% | −8.7% | 25 |
| 19 | Tomi City Nagano |
¥22K/m² | −0.5% | −2.9% | 43 |
| 20 | Iida City Nagano |
¥21K/m² | −0.5% | −3.6% | 48 |
| 21 | Minowa Town Nagano |
¥20K/m² | −1.2% | −8.4% | 30 |
| 22 | Komoro City Nagano |
¥19K/m² | +0.7% | +0.6% | 56 |
| 23 | Komagane City Nagano |
¥19K/m² | −1.2% | −7.1% | 32 |
| 24 | Minamiminowa Village Nagano |
¥19K/m² | +0.2% | +0.5% | 50 |
| 25 | Sakuho Town Nagano |
¥18K/m² | −0.4% | −3.7% | 37 |
| 26 | Yamanouchi Town Nagano |
¥18K/m² | −2.6% | −12.5% | 18 |
| 27 | Koumi Town Nagano |
¥17K/m² | −1.6% | −7.0% | 23 |
| 28 | Miyada Village Nagano |
¥17K/m² | −1.2% | −7.0% | 25 |
| 29 | Matsukawa Village Nagano |
¥17K/m² | +1.8% | +3.7% | 55 |
| 30 | Fujimi Town Nagano |
¥16K/m² | −0.3% | −6.0% | 36 |
| 31 | Iiyama City Nagano |
¥16K/m² | −1.0% | −5.8% | 33 |
| 32 | Ina City Nagano |
¥15K/m² | −1.0% | −6.3% | 35 |
| 33 | Takamori Town Nagano |
¥15K/m² | −1.2% | −7.0% | 26 |
| 34 | Tatsuno Town Nagano |
¥15K/m² | −1.8% | −10.4% | 20 |
| 35 | Matsukawa Town Nagano |
¥15K/m² | −1.0% | −7.5% | 25 |
| 36 | Hakuba Village Nagano |
¥14K/m² | +27.4% | +89.3% | 69 |
| 37 | Agematsu Town Nagano |
¥12K/m² | −3.2% | −14.6% | 10 |
| 38 | Kiso Town Nagano |
¥12K/m² | −2.7% | −13.9% | 14 |
| 39 | Omachi City Nagano |
¥11K/m² | −0.8% | −5.6% | 32 |
| 40 | Ikeda Town Nagano |
¥11K/m² | −0.2% | −1.6% | 38 |
| 41 | Tateshina Town Nagano |
¥11K/m² | −0.9% | −4.1% | 28 |
| 42 | Iijima Town Nagano |
¥10K/m² | −1.1% | −7.6% | 21 |
| 43 | Iizuna Town Nagano |
¥9,122/m² | −1.0% | −7.4% | 22 |
| 44 | Shinano Town Nagano |
¥8,668/m² | −1.4% | −10.1% | 18 |
| 45 | Nagawa Town Nagano |
¥8,500/m² | −2.3% | −10.1% | 13 |
| 46 | Chikuhoku Village Nagano |
¥7,247/m² | −1.5% | −7.3% | 16 |
| 47 | Nagiso Town Nagano |
¥6,523/m² | −2.2% | −11.2% | 11 |
| 48 | Achi Village Nagano |
¥4,882/m² | −0.9% | −5.7% | 22 |
| 49 | Nakagawa Village Nagano |
¥4,043/m² | −1.7% | −9.4% | 9 |
| 50 | Anan Town Nagano |
¥2,995/m² | −1.1% | −7.6% | 14 |
50 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.