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 | Hiroshima City Hiroshima |
¥13.6 trillion | $86.5B | ¥10.4 trillion | ¥3.2 trillion | 0.98% | ¥147K/m² |
| 2 | Fukuyama City Hiroshima |
¥3.9 trillion | $25.0B | ¥2.9 trillion | ¥1.0 trillion | 0.28% | ¥50K/m² |
| 3 | Higashihiroshima City Hiroshima |
¥1.6 trillion | $9.9B | ¥1.1 trillion | ¥494.2 billion | 0.11% | ¥47K/m² |
| 4 | Kure City Hiroshima |
¥1.5 trillion | $9.6B | ¥1.1 trillion | ¥453.1 billion | 0.11% | ¥54K/m² |
| 5 | Hatsukaichi City Hiroshima |
¥1.1 trillion | $6.8B | ¥823.9 billion | ¥244.5 billion | 0.08% | ¥81K/m² |
| 6 | Onomichi City Hiroshima |
¥873.2 billion | $5.6B | ¥615.0 billion | ¥258.2 billion | 0.06% | ¥38K/m² |
| 7 | Mihara City Hiroshima |
¥637.4 billion | $4.1B | ¥438.1 billion | ¥199.3 billion | 0.05% | ¥34K/m² |
| 8 | Fuchu Town Hiroshima |
¥519.8 billion | $3.3B | ¥407.2 billion | ¥112.6 billion | 0.04% | ¥188K/m² |
| 9 | Kaita Town Hiroshima |
¥357.0 billion | $2.3B | ¥287.2 billion | ¥69.9 billion | 0.03% | ¥131K/m² |
| 10 | Otake City Hiroshima |
¥295.5 billion | $1.9B | ¥227.7 billion | ¥67.8 billion | 0.02% | ¥54K/m² |
| 11 | Miyoshi City Hiroshima |
¥279.9 billion | $1.8B | ¥180.6 billion | ¥99.2 billion | 0.02% | ¥13K/m² |
| 12 | Fuchu City Hiroshima |
¥238.3 billion | $1.5B | ¥164.7 billion | ¥73.6 billion | 0.02% | ¥22K/m² |
| 13 | Takehara City Hiroshima |
¥181.9 billion | $1.2B | ¥121.5 billion | ¥60.4 billion | 0.01% | ¥31K/m² |
| 14 | Kumano Town Hiroshima |
¥160.8 billion | $1.0B | ¥123.8 billion | ¥37.0 billion | 0.01% | ¥33K/m² |
| 15 | Saka Town Hiroshima |
¥156.3 billion | $993.64M | ¥123.5 billion | ¥32.8 billion | 0.01% | ¥74K/m² |
| 16 | Akitakata City Hiroshima |
¥152.9 billion | $972.65M | ¥92.5 billion | ¥60.4 billion | 0.01% | ¥11K/m² |
| 17 | Shobara City Hiroshima |
¥149.2 billion | $948.94M | ¥92.7 billion | ¥56.5 billion | 0.01% | ¥9,289/m² |
| 18 | Kitahiroshima Town Hiroshima |
¥128.0 billion | $813.87M | ¥76.2 billion | ¥51.8 billion | 0.01% | ¥11K/m² |
| 19 | Edajima City Hiroshima |
¥105.6 billion | $671.84M | ¥65.1 billion | ¥40.5 billion | 0.01% | ¥15K/m² |
| 20 | Sera Town Hiroshima |
¥70.3 billion | $447.13M | ¥37.7 billion | ¥32.6 billion | 0.01% | ¥7,820/m² |
| 21 | Osakikamijima Town Hiroshima |
¥36.6 billion | $232.60M | ¥19.0 billion | ¥17.6 billion | 0.00% | ¥12K/m² |
| 22 | Jinsekikogen Town Hiroshima |
¥30.5 billion | $194.17M | ¥14.9 billion | ¥15.6 billion | 0.00% | ¥3,210/m² |
| 23 | Akiota Town Hiroshima |
¥28.6 billion | $181.56M | ¥18.5 billion | ¥10.0 billion | 0.00% | ¥8,190/m² |
23 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.