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 | Takasaki City Gunma |
¥3.2 trillion | $20.4B | ¥2.3 trillion | ¥949.3 billion | 0.23% | ¥56K/m² |
| 2 | Maebashi City Gunma |
¥3.0 trillion | $19.1B | ¥2.2 trillion | ¥823.2 billion | 0.22% | ¥49K/m² |
| 3 | Ota City Gunma |
¥2.0 trillion | $12.9B | ¥1.4 trillion | ¥657.2 billion | 0.15% | ¥37K/m² |
| 4 | Isesaki City Gunma |
¥1.7 trillion | $10.6B | ¥1.2 trillion | ¥508.2 billion | 0.12% | ¥33K/m² |
| 5 | Kiryu City Gunma |
¥625.2 billion | $4.0B | ¥428.3 billion | ¥196.9 billion | 0.04% | ¥24K/m² |
| 6 | Tatebayashi City Gunma |
¥602.6 billion | $3.8B | ¥413.0 billion | ¥189.6 billion | 0.04% | ¥32K/m² |
| 7 | Shibukawa City Gunma |
¥553.1 billion | $3.5B | ¥390.9 billion | ¥162.1 billion | 0.04% | ¥25K/m² |
| 8 | Fujioka City Gunma |
¥450.8 billion | $2.9B | ¥312.2 billion | ¥138.6 billion | 0.03% | ¥23K/m² |
| 9 | Annaka City Gunma |
¥363.1 billion | $2.3B | ¥233.4 billion | ¥129.7 billion | 0.03% | ¥20K/m² |
| 10 | Oizumi Town Gunma |
¥327.4 billion | $2.1B | ¥224.9 billion | ¥102.4 billion | 0.02% | ¥30K/m² |
| 11 | Tomioka City Gunma |
¥320.2 billion | $2.0B | ¥210.2 billion | ¥110.0 billion | 0.02% | ¥23K/m² |
| 12 | Numata City Gunma |
¥302.3 billion | $1.9B | ¥214.0 billion | ¥88.2 billion | 0.02% | ¥27K/m² |
| 13 | Midori City Gunma |
¥299.2 billion | $1.9B | ¥199.3 billion | ¥99.9 billion | 0.02% | ¥19K/m² |
| 14 | Tamamura Town Gunma |
¥264.6 billion | $1.7B | ¥191.7 billion | ¥72.9 billion | 0.02% | ¥34K/m² |
| 15 | Oura Town Gunma |
¥189.0 billion | $1.2B | ¥125.8 billion | ¥63.2 billion | 0.01% | ¥24K/m² |
| 16 | Yoshioka Town Gunma |
¥179.1 billion | $1.1B | ¥121.9 billion | ¥57.2 billion | 0.01% | ¥33K/m² |
| 17 | Minakami Town Gunma |
¥131.2 billion | $834.15M | ¥78.7 billion | ¥52.5 billion | 0.01% | ¥15K/m² |
| 18 | Itakura Town Gunma |
¥126.3 billion | $803.08M | ¥71.8 billion | ¥54.5 billion | 0.01% | ¥16K/m² |
| 19 | Chiyoda Town Gunma |
¥113.8 billion | $723.69M | ¥69.8 billion | ¥44.0 billion | 0.01% | ¥18K/m² |
| 20 | Meiwa Town Gunma |
¥113.5 billion | $722.03M | ¥71.5 billion | ¥42.0 billion | 0.01% | ¥24K/m² |
| 21 | Kusatsu Town Gunma |
¥87.9 billion | $558.70M | ¥45.5 billion | ¥42.3 billion | 0.01% | ¥20K/m² |
| 22 | Kanra Town Gunma |
¥85.1 billion | $541.04M | ¥55.7 billion | ¥29.4 billion | 0.01% | ¥17K/m² |
| 23 | Nakanojo Town Gunma |
¥77.4 billion | $492.46M | ¥50.5 billion | ¥26.9 billion | 0.01% | ¥18K/m² |
| 24 | Shinto Village Gunma |
¥77.2 billion | $490.76M | ¥52.7 billion | ¥24.4 billion | 0.01% | ¥22K/m² |
| 25 | Tsumagoi Village Gunma |
¥68.4 billion | $434.70M | ¥29.3 billion | ¥39.0 billion | 0.01% | ¥8,833/m² |
| 26 | Higashiagatsuma Town Gunma |
¥67.1 billion | $426.83M | ¥40.7 billion | ¥26.5 billion | 0.01% | ¥14K/m² |
| 27 | Showa Village Gunma |
¥48.9 billion | $311.22M | ¥28.0 billion | ¥20.9 billion | 0.00% | ¥11K/m² |
| 28 | Naganohara Town Gunma |
¥39.6 billion | $252.01M | ¥19.0 billion | ¥20.7 billion | 0.00% | ¥7,050/m² |
| 29 | Shimonita Town Gunma |
¥35.1 billion | $223.44M | ¥23.7 billion | ¥11.4 billion | 0.00% | ¥13K/m² |
| 30 | Katashina Village Gunma |
¥23.6 billion | $149.79M | ¥13.3 billion | ¥10.3 billion | 0.00% | ¥7,000/m² |
| 31 | Kawaba Village Gunma |
¥19.6 billion | $124.95M | ¥10.5 billion | ¥9.1 billion | 0.00% | ¥9,075/m² |
| 32 | Takayama Village Gunma |
¥16.5 billion | $104.66M | ¥10.0 billion | ¥6.5 billion | 0.00% | ¥7,000/m² |
| 33 | Kanna Town Gunma |
¥4.2 billion | $26.62M | ¥2.8 billion | ¥1.4 billion | — | ¥5,280/m² |
| 34 | Nanmoku Village Gunma |
¥3.9 billion | $24.74M | ¥2.6 billion | ¥1.3 billion | — | ¥4,530/m² |
| 35 | Ueno Village Gunma |
¥1.8 billion | $11.76M | ¥1.1 billion | ¥708.6M | — | ¥3,160/m² |
35 areas · calculated Nov 2, 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.