Tochigi: 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)

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

25 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.