Municipalities ranked by the estimated market value of all land and buildings. Designated cities are counted as a whole and Tokyo's 23 wards as one (ward-level assessed values are not published).
Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
| Rank | Area | Total value | ≈ USD | Land | Buildings | Share of Japan | Avg. residential |
|---|---|---|---|---|---|---|---|
| 1 | Tokyo 23 wards Tokyo |
¥274.2 trillion | $1.7T | ¥236.3 trillion | ¥37.9 trillion | 19.7% | ¥852K/m² |
| 2 | Yokohama City Kanagawa |
¥52.4 trillion | $333.0B | ¥42.2 trillion | ¥10.1 trillion | 3.8% | ¥268K/m² |
| 3 | Osaka City Osaka |
¥46.2 trillion | $293.9B | ¥34.6 trillion | ¥11.6 trillion | 3.3% | ¥303K/m² |
| 4 | Nagoya City Aichi |
¥39.7 trillion | $252.5B | ¥31.6 trillion | ¥8.1 trillion | 2.9% | ¥233K/m² |
| 5 | Fukuoka City Fukuoka |
¥26.0 trillion | $165.3B | ¥20.8 trillion | ¥5.2 trillion | 1.9% | ¥248K/m² |
| 6 | Kyoto City Kyoto |
¥22.4 trillion | $142.5B | ¥18.5 trillion | ¥3.9 trillion | 1.6% | ¥245K/m² |
| 7 | Kawasaki City Kanagawa |
¥22.1 trillion | $140.8B | ¥17.8 trillion | ¥4.4 trillion | 1.6% | ¥323K/m² |
| 8 | Sapporo City Hokkaido |
¥21.2 trillion | $134.8B | ¥15.3 trillion | ¥5.9 trillion | 1.5% | ¥116K/m² |
| 9 | Kobe City Hyogo |
¥17.1 trillion | $108.7B | ¥12.5 trillion | ¥4.6 trillion | 1.2% | ¥184K/m² |
| 10 | Saitama City Saitama |
¥16.7 trillion | $106.2B | ¥13.5 trillion | ¥3.2 trillion | 1.2% | ¥236K/m² |
| 11 | Sendai City Miyagi |
¥14.1 trillion | $89.5B | ¥11.0 trillion | ¥3.1 trillion | 1.0% | ¥139K/m² |
| 12 | Hiroshima City Hiroshima |
¥13.6 trillion | $86.5B | ¥10.4 trillion | ¥3.2 trillion | 0.98% | ¥147K/m² |
| 13 | Chiba City Chiba |
¥9.7 trillion | $61.9B | ¥7.0 trillion | ¥2.7 trillion | 0.70% | ¥145K/m² |
| 14 | Sakai City Osaka |
¥8.7 trillion | $55.1B | ¥6.7 trillion | ¥1.9 trillion | 0.62% | ¥154K/m² |
| 15 | Sagamihara City Kanagawa |
¥8.0 trillion | $51.2B | ¥6.4 trillion | ¥1.6 trillion | 0.58% | ¥186K/m² |
| 16 | Kitakyushu City Fukuoka |
¥7.9 trillion | $50.5B | ¥5.4 trillion | ¥2.5 trillion | 0.57% | ¥60K/m² |
| 17 | Shizuoka City Shizuoka |
¥7.9 trillion | $50.2B | ¥6.1 trillion | ¥1.7 trillion | 0.57% | ¥119K/m² |
| 18 | Kawaguchi City Saitama |
¥7.6 trillion | $48.1B | ¥6.3 trillion | ¥1.3 trillion | 0.54% | ¥267K/m² |
| 19 | Hamamatsu City Shizuoka |
¥7.2 trillion | $45.6B | ¥5.2 trillion | ¥2.0 trillion | 0.52% | ¥69K/m² |
| 20 | Kumamoto City Kumamoto |
¥6.7 trillion | $42.9B | ¥4.9 trillion | ¥1.8 trillion | 0.48% | ¥79K/m² |
| 21 | Okayama City Okayama |
¥6.7 trillion | $42.7B | ¥4.9 trillion | ¥1.8 trillion | 0.48% | ¥66K/m² |
| 22 | Funabashi City Chiba |
¥6.7 trillion | $42.6B | ¥5.2 trillion | ¥1.5 trillion | 0.48% | ¥201K/m² |
| 23 | Niigata City Niigata |
¥6.6 trillion | $42.2B | ¥4.8 trillion | ¥1.8 trillion | 0.48% | ¥56K/m² |
| 24 | Ichikawa City Chiba |
¥6.6 trillion | $42.0B | ¥5.5 trillion | ¥1.1 trillion | 0.47% | ¥319K/m² |
| 25 | Nishinomiya City Hyogo |
¥6.4 trillion | $41.0B | ¥5.2 trillion | ¥1.2 trillion | 0.46% | ¥293K/m² |
| 26 | Fujisawa City Kanagawa |
¥6.0 trillion | $38.2B | ¥4.9 trillion | ¥1.1 trillion | 0.43% | ¥239K/m² |
| 27 | Hachioji City Tokyo |
¥5.9 trillion | $37.2B | ¥4.5 trillion | ¥1.3 trillion | 0.42% | ¥136K/m² |
| 28 | Toyota City Aichi |
¥5.5 trillion | $35.3B | ¥4.3 trillion | ¥1.3 trillion | 0.40% | ¥108K/m² |
| 29 | Kagoshima City Kagoshima |
¥5.5 trillion | $35.0B | ¥4.0 trillion | ¥1.5 trillion | 0.40% | ¥96K/m² |
| 30 | Amagasaki City Hyogo |
¥5.4 trillion | $34.1B | ¥4.2 trillion | ¥1.2 trillion | 0.39% | ¥209K/m² |
| 31 | Utsunomiya City Tochigi |
¥5.0 trillion | $31.9B | ¥3.7 trillion | ¥1.4 trillion | 0.36% | ¥65K/m² |
| 32 | Himeji City Hyogo |
¥5.0 trillion | $31.6B | ¥3.6 trillion | ¥1.4 trillion | 0.36% | ¥68K/m² |
| 33 | Machida City Tokyo |
¥4.9 trillion | $31.3B | ¥4.0 trillion | ¥898.9 billion | 0.35% | ¥170K/m² |
| 34 | Higashiosaka City Osaka |
¥4.9 trillion | $31.3B | ¥3.9 trillion | ¥1.1 trillion | 0.35% | ¥151K/m² |
| 35 | Kanazawa City Ishikawa |
¥4.9 trillion | $30.9B | ¥3.6 trillion | ¥1.2 trillion | 0.35% | ¥92K/m² |
| 36 | Toyonaka City Osaka |
¥4.8 trillion | $30.5B | ¥3.8 trillion | ¥986.7 billion | 0.34% | ¥246K/m² |
| 37 | Matsuyama City Ehime |
¥4.8 trillion | $30.3B | ¥3.5 trillion | ¥1.2 trillion | 0.34% | ¥86K/m² |
| 38 | Matsudo City Chiba |
¥4.6 trillion | $28.9B | ¥3.6 trillion | ¥958.4 billion | 0.33% | ¥174K/m² |
| 39 | Okazaki City Aichi |
¥4.4 trillion | $28.1B | ¥3.5 trillion | ¥927.3 billion | 0.32% | ¥112K/m² |
| 40 | Suita City Osaka |
¥4.4 trillion | $27.9B | ¥3.3 trillion | ¥1.1 trillion | 0.32% | ¥245K/m² |
| 41 | Fuchu City Tokyo |
¥4.3 trillion | $27.5B | ¥3.6 trillion | ¥694.8 billion | 0.31% | ¥357K/m² |
| 42 | Musashino City Tokyo |
¥4.3 trillion | $27.4B | ¥3.9 trillion | ¥426.5 billion | 0.31% | ¥673K/m² |
| 43 | Naha City Okinawa |
¥4.3 trillion | $27.3B | ¥3.4 trillion | ¥936.4 billion | 0.31% | ¥232K/m² |
| 44 | Kashiwa City Chiba |
¥4.3 trillion | $27.2B | ¥3.2 trillion | ¥1.1 trillion | 0.31% | ¥142K/m² |
| 45 | Kurashiki City Okayama |
¥4.1 trillion | $26.2B | ¥3.1 trillion | ¥1.1 trillion | 0.30% | ¥51K/m² |
| 46 | Kawagoe City Saitama |
¥4.0 trillion | $25.6B | ¥3.3 trillion | ¥748.0 billion | 0.29% | ¥151K/m² |
| 47 | Toyohashi City Aichi |
¥4.0 trillion | $25.6B | ¥3.1 trillion | ¥884.5 billion | 0.29% | ¥80K/m² |
| 48 | Oita City Oita |
¥4.0 trillion | $25.5B | ¥2.8 trillion | ¥1.2 trillion | 0.29% | ¥66K/m² |
| 49 | Fukuyama City Hiroshima |
¥3.9 trillion | $25.0B | ¥2.9 trillion | ¥1.0 trillion | 0.28% | ¥50K/m² |
| 50 | Tokorozawa City Saitama |
¥3.8 trillion | $24.3B | ¥3.1 trillion | ¥697.3 billion | 0.28% | ¥191K/m² |
| 51 | Gifu City Gifu |
¥3.8 trillion | $24.2B | ¥2.8 trillion | ¥1.0 trillion | 0.27% | ¥68K/m² |
| 52 | Chofu City Tokyo |
¥3.8 trillion | $24.0B | ¥3.2 trillion | ¥544.1 billion | 0.27% | ¥428K/m² |
| 53 | Hirakata City Osaka |
¥3.6 trillion | $23.1B | ¥2.8 trillion | ¥851.9 billion | 0.26% | ¥139K/m² |
| 54 | Mitaka City Tokyo |
¥3.6 trillion | $23.0B | ¥3.2 trillion | ¥414.5 billion | 0.26% | ¥486K/m² |
| 55 | Kasugai City Aichi |
¥3.5 trillion | $22.1B | ¥2.8 trillion | ¥721.7 billion | 0.25% | ¥123K/m² |
| 56 | Urayasu City Chiba |
¥3.4 trillion | $21.7B | ¥2.8 trillion | ¥659.3 billion | 0.24% | ¥397K/m² |
| 57 | Nara City Nara |
¥3.4 trillion | $21.5B | ¥2.7 trillion | ¥722.2 billion | 0.24% | ¥104K/m² |
| 58 | Ibaraki City Osaka |
¥3.4 trillion | $21.4B | ¥2.5 trillion | ¥829.4 billion | 0.24% | ¥206K/m² |
| 59 | Toyama City Toyama |
¥3.3 trillion | $21.3B | ¥2.2 trillion | ¥1.1 trillion | 0.24% | ¥45K/m² |
| 60 | Takamatsu City Kagawa |
¥3.3 trillion | $21.3B | ¥2.2 trillion | ¥1.2 trillion | 0.24% | ¥58K/m² |
| 61 | Yokosuka City Kanagawa |
¥3.3 trillion | $21.1B | ¥2.5 trillion | ¥791.1 billion | 0.24% | ¥112K/m² |
| 62 | Takatsuki City Osaka |
¥3.3 trillion | $21.1B | ¥2.6 trillion | ¥726.2 billion | 0.24% | ¥176K/m² |
| 63 | Tachikawa City Tokyo |
¥3.3 trillion | $21.0B | ¥2.8 trillion | ¥526.5 billion | 0.24% | ¥309K/m² |
| 64 | Ichinomiya City Aichi |
¥3.2 trillion | $20.6B | ¥2.4 trillion | ¥839.0 billion | 0.23% | ¥88K/m² |
| 65 | Koshigaya City Saitama |
¥3.2 trillion | $20.6B | ¥2.6 trillion | ¥673.0 billion | 0.23% | ¥152K/m² |
| 66 | Chigasaki City Kanagawa |
¥3.2 trillion | $20.5B | ¥2.7 trillion | ¥488.5 billion | 0.23% | ¥241K/m² |
| 67 | Takasaki City Gunma |
¥3.2 trillion | $20.4B | ¥2.3 trillion | ¥949.3 billion | 0.23% | ¥56K/m² |
| 68 | Hiratsuka City Kanagawa |
¥3.2 trillion | $20.3B | ¥2.5 trillion | ¥653.6 billion | 0.23% | ¥142K/m² |
| 69 | Miyazaki City Miyazaki |
¥3.1 trillion | $19.5B | ¥2.1 trillion | ¥933.2 billion | 0.22% | ¥50K/m² |
| 70 | Maebashi City Gunma |
¥3.0 trillion | $19.1B | ¥2.2 trillion | ¥823.2 billion | 0.22% | ¥49K/m² |
| 71 | Wakayama City Wakayama |
¥3.0 trillion | $19.0B | ¥2.1 trillion | ¥865.7 billion | 0.21% | ¥66K/m² |
| 72 | Kamakura City Kanagawa |
¥2.9 trillion | $18.7B | ¥2.5 trillion | ¥402.6 billion | 0.21% | ¥246K/m² |
| 73 | Atsugi City Kanagawa |
¥2.9 trillion | $18.6B | ¥2.2 trillion | ¥707.8 billion | 0.21% | ¥129K/m² |
| 74 | Nagano City Nagano |
¥2.9 trillion | $18.6B | ¥2.1 trillion | ¥809.6 billion | 0.21% | ¥50K/m² |
| 75 | Otsu City Shiga |
¥2.9 trillion | $18.2B | ¥2.1 trillion | ¥776.9 billion | 0.21% | ¥83K/m² |
| 76 | Koriyama City Fukushima |
¥2.8 trillion | $17.9B | ¥2.1 trillion | ¥733.9 billion | 0.20% | ¥65K/m² |
| 77 | Yokkaichi City Mie |
¥2.8 trillion | $17.9B | ¥2.0 trillion | ¥838.2 billion | 0.20% | ¥50K/m² |
| 78 | Nishitokyo City Tokyo |
¥2.8 trillion | $17.9B | ¥2.4 trillion | ¥413.0 billion | 0.20% | ¥324K/m² |
| 79 | Nagasaki City Nagasaki |
¥2.8 trillion | $17.7B | ¥1.9 trillion | ¥908.3 billion | 0.20% | ¥62K/m² |
| 80 | Iwaki City Fukushima |
¥2.7 trillion | $17.3B | ¥2.0 trillion | ¥717.7 billion | 0.20% | ¥41K/m² |
| 81 | Yamato City Kanagawa |
¥2.7 trillion | $17.2B | ¥2.2 trillion | ¥527.7 billion | 0.20% | ¥230K/m² |
| 82 | Tsukuba City Ibaraki |
¥2.7 trillion | $17.2B | ¥1.8 trillion | ¥892.9 billion | 0.19% | ¥90K/m² |
| 83 | Anjo City Aichi |
¥2.7 trillion | $17.0B | ¥2.1 trillion | ¥536.5 billion | 0.19% | ¥159K/m² |
| 84 | Kochi City Kochi |
¥2.7 trillion | $16.9B | ¥2.0 trillion | ¥696.9 billion | 0.19% | ¥76K/m² |
| 85 | Kodaira City Tokyo |
¥2.6 trillion | $16.6B | ¥2.2 trillion | ¥372.1 billion | 0.19% | ¥259K/m² |
| 86 | Fuji City Shizuoka |
¥2.6 trillion | $16.4B | ¥1.9 trillion | ¥652.5 billion | 0.18% | ¥60K/m² |
| 87 | Kariya City Aichi |
¥2.5 trillion | $16.1B | ¥2.0 trillion | ¥493.2 billion | 0.18% | ¥179K/m² |
| 88 | Soka City Saitama |
¥2.5 trillion | $16.0B | ¥2.0 trillion | ¥518.1 billion | 0.18% | ¥163K/m² |
| 89 | Yao City Osaka |
¥2.5 trillion | $15.7B | ¥1.9 trillion | ¥565.9 billion | 0.18% | ¥130K/m² |
| 90 | Akashi City Hyogo |
¥2.5 trillion | $15.6B | ¥1.8 trillion | ¥660.4 billion | 0.18% | ¥118K/m² |
| 91 | Nagareyama City Chiba |
¥2.4 trillion | $15.5B | ¥1.9 trillion | ¥565.5 billion | 0.17% | ¥211K/m² |
| 92 | Takarazuka City Hyogo |
¥2.4 trillion | $15.4B | ¥1.9 trillion | ¥492.6 billion | 0.17% | ¥166K/m² |
| 93 | Ichihara City Chiba |
¥2.4 trillion | $15.3B | ¥1.8 trillion | ¥562.5 billion | 0.17% | ¥55K/m² |
| 94 | Hino City Tokyo |
¥2.4 trillion | $15.3B | ¥2.0 trillion | ¥404.5 billion | 0.17% | ¥222K/m² |
| 95 | Fukui City Fukui |
¥2.4 trillion | $15.2B | ¥1.7 trillion | ¥714.7 billion | 0.17% | ¥53K/m² |
| 96 | Morioka City Iwate |
¥2.4 trillion | $15.0B | ¥1.7 trillion | ¥653.2 billion | 0.17% | ¥56K/m² |
| 97 | Tokushima City Tokushima |
¥2.3 trillion | $14.7B | ¥1.6 trillion | ¥670.9 billion | 0.17% | ¥74K/m² |
| 98 | Fukushima City Fukushima |
¥2.3 trillion | $14.5B | ¥1.7 trillion | ¥598.5 billion | 0.16% | ¥49K/m² |
| 99 | Kurume City Fukuoka |
¥2.3 trillion | $14.4B | ¥1.6 trillion | ¥686.5 billion | 0.16% | ¥56K/m² |
| 100 | Yamagata City Yamagata |
¥2.3 trillion | $14.4B | ¥1.7 trillion | ¥548.5 billion | 0.16% | ¥58K/m² |
1719 areas · calculated Nov 1, 2026. Total value is estimated from assessed values for fixed-asset tax (MIC survey), with residential land brought to the level of official land prices; tax-exempt land and buildings are not included. Designated cities are counted as a whole and Tokyo's 23 wards as one.
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.