Shimane: 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
1Izumo City
Shimane
+0.5% ¥25K/m² +0.7% 61
2Matsue City
Shimane
+0.4% ¥45K/m² +1.5% 67
3Onan Town
Shimane
−0.3% ¥4,200/m² −4.5% 26
4Unnan City
Shimane
−0.8% ¥15K/m² −3.5% 38
5Ama Town
Shimane
−0.8% ¥5,983/m² −4.0% 23
6Okuizumo Town
Shimane
−1.2% ¥12K/m² −4.9% 28
7Gotsu City
Shimane
−1.5% ¥16K/m² −7.5% 30
8Yasugi City
Shimane
−1.8% ¥19K/m² −8.6% 27
9Nishinoshima Town
Shimane
−1.9% ¥13K/m² −10.1% 15
10Yoshika Town
Shimane
−2.0% ¥8,150/m² −8.8% 13
11Oda City
Shimane
−2.0% ¥17K/m² −9.0% 27
12Kawamoto Town
Shimane
−2.0% ¥9,954/m² −9.2% 14
13Iinan Town
Shimane
−2.1% ¥5,620/m² −8.2% 12
14Masuda City
Shimane
−2.3% ¥19K/m² −13.1% 27
15Okinoshima Town
Shimane
−2.3% ¥14K/m² −9.0% 20
16Hamada City
Shimane
−2.4% ¥21K/m² −6.0% 34
17Misato Town
Shimane
−2.4% ¥5,070/m² −8.9% 10
18Tsuwano Town
Shimane
−3.2% ¥16K/m² −12.7% 15

18 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.