Yamagata: 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
1Tendo City
Yamagata
+1.1% ¥37K/m² +5.9% 71
2Higashine City
Yamagata
+0.6% ¥29K/m² +4.4% 66
3Yamagata City
Yamagata
+0.6% ¥58K/m² +6.0% 73
4Mikawa Town
Yamagata
+0.3% ¥12K/m² +0.1% 50
5Sagae City
Yamagata
+0.3% ¥27K/m² +0.9% 61
6Kahoku Town
Yamagata
±0.0% ¥19K/m² −0.2% 54
7Shonai Town
Yamagata
−0.1% ¥11K/m² −1.5% 42
8Yonezawa City
Yamagata
−0.1% ¥19K/m² −0.6% 52
9Nan-yo City
Yamagata
−0.1% ¥19K/m² −0.9% 51
10Sakata City
Yamagata
−0.2% ¥21K/m² −0.1% 54
11Tsuruoka City
Yamagata
−0.3% ¥17K/m² −1.5% 47
12Kaminoyama City
Yamagata
−0.3% ¥24K/m² −2.3% 50
13Takahata Town
Yamagata
−0.3% ¥15K/m² −0.8% 47
14Shinjo City
Yamagata
−0.3% ¥23K/m² −1.1% 51
15Yamanobe Town
Yamagata
−0.4% ¥22K/m² −0.5% 52
16Nakayama Town
Yamagata
−0.4% ¥19K/m² −2.0% 46
17Murayama City
Yamagata
−0.7% ¥18K/m² −3.1% 41
18Kawanishi Town
Yamagata
−0.8% ¥9,062/m² −5.8% 27
19Mogami Town
Yamagata
−0.9% ¥6,670/m² −4.6% 26
20Nagai City
Yamagata
−0.9% ¥16K/m² −4.0% 36
21Oe Town
Yamagata
−0.9% ¥10K/m² −5.1% 29
22Shirataka Town
Yamagata
−0.9% ¥8,482/m² −4.5% 28
23Oguni Town
Yamagata
−1.0% ¥10K/m² −5.2% 28
24Mamurogawa Town
Yamagata
−1.0% ¥7,824/m² −5.8% 24
25Asahi Town
Yamagata
−1.0% ¥7,570/m² −5.2% 25
26Obanazawa City
Yamagata
−1.1% ¥12K/m² −5.4% 27
27Nishikawa Town
Yamagata
−1.1% ¥4,940/m² −5.8% 20
28Iide Town
Yamagata
−1.1% ¥3,997/m² −3.2% 26
29Oishida Town
Yamagata
−1.2% ¥9,544/m² −5.0% 26
30Funagata Town
Yamagata
−1.2% ¥6,633/m² −3.5% 26
31Kaneyama Town
Yamagata
−1.2% ¥6,500/m² −6.6% 20
32Yuza Town
Yamagata
−1.3% ¥9,898/m² −4.5% 27
33Sakegawa Village
Yamagata
−1.3% ¥3,357/m² −6.8% 15
34Okura Village
Yamagata
−1.3% ¥3,815/m² −6.7% 16
35Tozawa Village
Yamagata
−1.6% ¥3,000/m² −7.4% 13

35 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.