Tochigi: Cities with the highest residential land prices

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	Utsunomiya City Tochigi	¥65K/m²	+1.4%	+4.6%	74
2	Shimotsuke City Tochigi	¥44K/m²	+0.9%	+3.0%	69
3	Oyama City Tochigi	¥41K/m²	+1.5%	+4.5%	72
4	Nogi Town Tochigi	¥33K/m²	±0.0%	−0.5%	59
5	Mibu Town Tochigi	¥32K/m²	+0.9%	+0.3%	62
6	Kaminokawa Town Tochigi	¥30K/m²	±0.0%	−0.9%	56
7	Takanezawa Town Tochigi	¥28K/m²	±0.0%	−1.3%	56
8	Ashikaga City Tochigi	¥26K/m²	−1.5%	−7.1%	33
9	Sano City Tochigi	¥26K/m²	−0.8%	−4.1%	43
10	Kanuma City Tochigi	¥25K/m²	−0.2%	−3.6%	48
11	Sakura City Tochigi	¥25K/m²	+0.1%	−2.1%	53
12	Mooka City Tochigi	¥24K/m²	±0.0%	−1.5%	53
13	Tochigi City Tochigi	¥22K/m²	−0.8%	−4.7%	40
14	Nasushiobara City Tochigi	¥20K/m²	−0.9%	−5.3%	37
15	Yaita City Tochigi	¥20K/m²	−1.1%	−6.2%	33
16	Otawara City Tochigi	¥19K/m²	−0.6%	−3.8%	42
17	Haga Town Tochigi	¥19K/m²	−0.5%	+0.5%	50
18	Mashiko Town Tochigi	¥17K/m²	−1.1%	−9.0%	26
19	Nikko City Tochigi	¥16K/m²	−0.9%	−6.2%	32
20	Ichikai Town Tochigi	¥14K/m²	−2.2%	−11.8%	16
21	Motegi Town Tochigi	¥12K/m²	−2.9%	−14.5%	12
22	Nasukarasuyama City Tochigi	¥11K/m²	−2.9%	−13.4%	12
23	Nakagawa Town Tochigi	¥10K/m²	−2.5%	−10.9%	14
24	Shioya Town Tochigi	¥10K/m²	−1.5%	−8.1%	21
25	Nasu Town Tochigi	¥8,613/m²	−1.4%	−7.9%	19

25 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.