Nagano: Where land prices are rising fastest in Japan

Municipalities ranked by the average year-on-year change of residential and commercial survey sites.

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

RankAreaRising fastestAvg. residential5 yearsIndex
1Hakuba Village
Nagano
+27.4% ¥14K/m² +89.3% 69
2Nozawaonsen Village
Nagano
+23.0% ¥30K/m² +79.3% 72
3Karuizawa Town
Nagano
+13.5% ¥83K/m² +55.4% 90
4Miyota Town
Nagano
+8.1% ¥22K/m² +11.4% 72
5Matsukawa Village
Nagano
+1.8% ¥17K/m² +3.7% 55
6Azumino City
Nagano
+1.6% ¥26K/m² +4.3% 68
7Obuse Town
Nagano
+1.3% ¥35K/m² +4.7% 62
8Matsumoto City
Nagano
+1.2% ¥48K/m² +3.5% 74
9Nagano City
Nagano
+0.9% ¥50K/m² +1.8% 72
10Komoro City
Nagano
+0.7% ¥19K/m² +0.6% 56
11Shiojiri City
Nagano
+0.6% ¥40K/m² +2.4% 67
12Saku City
Nagano
+0.6% ¥26K/m² +0.3% 63
13Ueda City
Nagano
+0.2% ¥34K/m² −0.5% 63
14Suzaka City
Nagano
+0.2% ¥31K/m² −0.3% 57
15Minamiminowa Village
Nagano
+0.2% ¥19K/m² +0.5% 50
16Chino City
Nagano
±0.0% ¥25K/m² −4.1% 49
17Nakano City
Nagano
±0.0% ¥27K/m² −2.4% 51
18Chikuma City
Nagano
−0.2% ¥29K/m² −2.6% 52
19Ikeda Town
Nagano
−0.2% ¥11K/m² −1.6% 38
20Fujimi Town
Nagano
−0.3% ¥16K/m² −6.0% 36
21Sakuho Town
Nagano
−0.4% ¥18K/m² −3.7% 37
22Tomi City
Nagano
−0.5% ¥22K/m² −2.9% 43
23Iida City
Nagano
−0.5% ¥21K/m² −3.6% 48
24Shimosuwa Town
Nagano
−0.6% ¥41K/m² −5.8% 42
25Suwa City
Nagano
−0.6% ¥37K/m² −4.3% 45
26Okaya City
Nagano
−0.6% ¥34K/m² −5.6% 43
27Omachi City
Nagano
−0.8% ¥11K/m² −5.6% 32
28Tateshina Town
Nagano
−0.9% ¥11K/m² −4.1% 28
29Achi Village
Nagano
−0.9% ¥4,882/m² −5.7% 22
30Iiyama City
Nagano
−1.0% ¥16K/m² −5.8% 33
31Ina City
Nagano
−1.0% ¥15K/m² −6.3% 35
32Iizuna Town
Nagano
−1.0% ¥9,122/m² −7.4% 22
33Matsukawa Town
Nagano
−1.0% ¥15K/m² −7.5% 25
34Anan Town
Nagano
−1.1% ¥2,995/m² −7.6% 14
35Iijima Town
Nagano
−1.1% ¥10K/m² −7.6% 21
36Komagane City
Nagano
−1.2% ¥19K/m² −7.1% 32
37Miyada Village
Nagano
−1.2% ¥17K/m² −7.0% 25
38Minowa Town
Nagano
−1.2% ¥20K/m² −8.4% 30
39Takamori Town
Nagano
−1.2% ¥15K/m² −7.0% 26
40Shinano Town
Nagano
−1.4% ¥8,668/m² −10.1% 18
41Chikuhoku Village
Nagano
−1.5% ¥7,247/m² −7.3% 16
42Koumi Town
Nagano
−1.6% ¥17K/m² −7.0% 23
43Sakaki Town
Nagano
−1.7% ¥22K/m² −8.7% 25
44Nakagawa Village
Nagano
−1.7% ¥4,043/m² −9.4% 9
45Tatsuno Town
Nagano
−1.8% ¥15K/m² −10.4% 20
46Nagiso Town
Nagano
−2.2% ¥6,523/m² −11.2% 11
47Nagawa Town
Nagano
−2.3% ¥8,500/m² −10.1% 13
48Yamanouchi Town
Nagano
−2.6% ¥18K/m² −12.5% 18
49Kiso Town
Nagano
−2.7% ¥12K/m² −13.9% 14
50Agematsu Town
Nagano
−3.2% ¥12K/m² −14.6% 10

50 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.