Okayama: 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
1Kita Ward
Okayama City, Okayama
+3.2% ¥83K/m² +13.6% 83
2Hayashima Town
Okayama
+3.1% ¥56K/m² +12.8% 69
3Naka Ward
Okayama City, Okayama
+3.0% ¥81K/m² +11.8% 78
4Minami Ward
Okayama City, Okayama
+2.0% ¥51K/m² +7.2% 72
5Soja City
Okayama
+1.6% ¥38K/m² +7.4% 70
6Kurashiki City
Okayama
+1.2% ¥51K/m² +5.3% 75
7Satosho Town
Okayama
+0.4% ¥29K/m² +0.1% 53
8Higashi Ward
Okayama City, Okayama
+0.4% ¥33K/m² +0.7% 64
9Asakuchi City
Okayama
+0.2% ¥29K/m² −0.1% 56
10Shoo Town
Okayama
−0.2% ¥21K/m² −0.5% 44
11Yakage Town
Okayama
−0.4% ¥15K/m² −2.5% 40
12Setouchi City
Okayama
−0.5% ¥21K/m² −2.0% 49
13Kasaoka City
Okayama
−0.5% ¥30K/m² −2.1% 49
14Kumenan Town
Okayama
−0.5% ¥7,205/m² −2.8% 31
15Tsuyama City
Okayama
−0.5% ¥20K/m² −3.9% 44
16Akaiwa City
Okayama
−0.7% ¥15K/m² −3.8% 41
17Wake Town
Okayama
−0.7% ¥10K/m² −4.3% 31
18Misaki Town
Okayama
−0.9% ¥5,420/m² −5.6% 26
19Tamano City
Okayama
−1.0% ¥30K/m² −5.5% 42
20Ibara City
Okayama
−1.2% ¥17K/m² −6.0% 33
21Kibichuo Town
Okayama
−1.2% ¥4,560/m² −6.6% 20
22Takahashi City
Okayama
−1.3% ¥16K/m² −7.6% 28
23Bizen City
Okayama
−1.3% ¥18K/m² −6.9% 30
24Nagi Town
Okayama
−1.4% ¥6,015/m² −7.6% 16
25Maniwa City
Okayama
−1.4% ¥12K/m² −8.0% 27
26Kagamino Town
Okayama
−1.4% ¥6,217/m² −7.9% 20
27Niimi City
Okayama
−1.4% ¥12K/m² −8.0% 25
28Mimasaka City
Okayama
−2.0% ¥7,128/m² −10.3% 17

28 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.