Tokyo: 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
1Taito Ward
Tokyo
+18.5% ¥1.20M/m² +60.5% 99
2Bunkyo Ward
Tokyo
+15.7% ¥1.44M/m² +52.5% 99
3Minato Ward
Tokyo
+14.6% ¥3.03M/m² +44.7% 99
4Toshima Ward
Tokyo
+13.9% ¥935K/m² +48.3% 99
5Sumida Ward
Tokyo
+13.9% ¥621K/m² +45.5% 98
6Arakawa Ward
Tokyo
+13.9% ¥745K/m² +47.4% 98
7Shinagawa Ward
Tokyo
+13.8% ¥1.24M/m² +46.5% 99
8Meguro Ward
Tokyo
+13.5% ¥1.37M/m² +46.1% 98
9Koto Ward
Tokyo
+13.2% ¥694K/m² +43.7% 99
10Shinjuku Ward
Tokyo
+13.2% ¥1.13M/m² +45.9% 99
11Kita Ward
Tokyo
+13.0% ¥736K/m² +45.4% 98
12Chuo Ward
Tokyo
+13.0% ¥1.91M/m² +42.0% 99
13Nakano Ward
Tokyo
+12.7% ¥785K/m² +46.5% 98
14Shibuya Ward
Tokyo
+12.3% ¥1.84M/m² +44.4% 99
15Chiyoda Ward
Tokyo
+12.2% ¥3.88M/m² +42.3% 97
16Suginami Ward
Tokyo
+10.8% ¥726K/m² +39.3% 98
17Itabashi Ward
Tokyo
+9.9% ¥560K/m² +33.1% 97
18Ota Ward
Tokyo
+8.5% ¥635K/m² +31.1% 97
19Kunitachi City
Tokyo
+7.8% ¥422K/m² +25.2% 91
20Kokubunji City
Tokyo
+7.5% ¥346K/m² +24.6% 93
21Katsushika Ward
Tokyo
+7.2% ¥387K/m² +25.9% 95
22Setagaya Ward
Tokyo
+7.2% ¥777K/m² +24.6% 97
23Tachikawa City
Tokyo
+7.1% ¥309K/m² +24.5% 93
24Nerima Ward
Tokyo
+6.6% ¥476K/m² +23.1% 95
25Adachi Ward
Tokyo
+6.6% ¥413K/m² +26.2% 95
26Edogawa Ward
Tokyo
+6.4% ¥439K/m² +24.6% 95
27Musashino City
Tokyo
+6.3% ¥673K/m² +25.0% 94
28Chofu City
Tokyo
+5.9% ¥428K/m² +25.7% 94
29Komae City
Tokyo
+5.9% ¥388K/m² +23.1% 91
30Mitaka City
Tokyo
+5.6% ¥486K/m² +20.4% 93
31Koganei City
Tokyo
+5.2% ¥392K/m² +17.1% 90
32Hino City
Tokyo
+4.9% ¥222K/m² +16.2% 88
33Fuchu City
Tokyo
+4.7% ¥357K/m² +23.0% 92
34Hachioji City
Tokyo
+4.4% ¥136K/m² +12.9% 86
35Nishitokyo City
Tokyo
+4.2% ¥324K/m² +14.9% 90
36Akishima City
Tokyo
+3.8% ¥210K/m² +13.6% 85
37Tama City
Tokyo
+3.8% ¥200K/m² +11.5% 84
38Inagi City
Tokyo
+3.8% ¥268K/m² +16.2% 87
39Machida City
Tokyo
+3.4% ¥170K/m² +9.3% 86
40Kodaira City
Tokyo
+3.3% ¥259K/m² +11.6% 87
41Higashimurayama City
Tokyo
+3.1% ¥210K/m² +11.4% 85
42Higashikurume City
Tokyo
+3.0% ¥229K/m² +10.9% 82
43Kiyose City
Tokyo
+2.8% ¥206K/m² +10.0% 82
44Higashiyamato City
Tokyo
+2.6% ¥180K/m² +8.1% 81
45Musashimurayama City
Tokyo
+2.3% ¥127K/m² +8.6% 74
46Mizuho Town
Tokyo
+1.8% ¥99K/m² +8.5% 68
47Fussa City
Tokyo
+1.7% ¥173K/m² +7.3% 76
48Hamura City
Tokyo
+1.3% ¥147K/m² +10.3% 74
49Oume City
Tokyo
+0.8% ¥96K/m² +5.6% 72
50Akiruno City
Tokyo
+0.3% ¥95K/m² +3.1% 70
51Hinode Town
Tokyo
+0.2% ¥78K/m² +4.4% 63
52Hinohara Village
Tokyo
±0.0% ¥19K/m² −0.5% 43
53Okutama Town
Tokyo
±0.0% ¥26K/m² −0.7% 46
54Niijima Village
Tokyo
±0.0% ¥6,200/m² −1.7% 33
55Kozushima Village
Tokyo
±0.0% ¥6,975/m² ±0.0% 37
56Miyake Village
Tokyo
±0.0% ¥8,050/m² ±0.0% 37
57Ogasawara Village
Tokyo
±0.0% ¥26K/m² ±0.0% 48
58Hachijo Town
Tokyo
−0.5% ¥8,825/m² −1.5% 35
59Oshima Town
Tokyo
−0.8% ¥7,740/m² −3.3% 28

59 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.