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 | Morioka City Iwate |
¥2.4 trillion | $15.0B | ¥1.7 trillion | ¥653.2 billion | 0.17% | ¥56K/m² |
| 2 | Kitakami City Iwate |
¥789.6 billion | $5.0B | ¥437.0 billion | ¥352.6 billion | 0.06% | ¥31K/m² |
| 3 | Oshu City Iwate |
¥595.5 billion | $3.8B | ¥373.2 billion | ¥222.4 billion | 0.04% | ¥18K/m² |
| 4 | Ichinoseki City Iwate |
¥568.8 billion | $3.6B | ¥361.1 billion | ¥207.7 billion | 0.04% | ¥17K/m² |
| 5 | Hanamaki City Iwate |
¥545.9 billion | $3.5B | ¥347.4 billion | ¥198.5 billion | 0.04% | ¥18K/m² |
| 6 | Takizawa City Iwate |
¥296.9 billion | $1.9B | ¥217.7 billion | ¥79.2 billion | 0.02% | ¥36K/m² |
| 7 | Miyako City Iwate |
¥279.1 billion | $1.8B | ¥197.3 billion | ¥81.7 billion | 0.02% | ¥25K/m² |
| 8 | Yahaba Town Iwate |
¥270.1 billion | $1.7B | ¥201.1 billion | ¥69.0 billion | 0.02% | ¥43K/m² |
| 9 | Kamaishi City Iwate |
¥212.6 billion | $1.4B | ¥139.5 billion | ¥73.1 billion | 0.01% | ¥37K/m² |
| 10 | Ofunato City Iwate |
¥207.0 billion | $1.3B | ¥131.9 billion | ¥75.1 billion | 0.01% | ¥23K/m² |
| 11 | Shiwa Town Iwate |
¥184.7 billion | $1.2B | ¥126.8 billion | ¥58.0 billion | 0.01% | ¥38K/m² |
| 12 | Kuji City Iwate |
¥164.8 billion | $1.0B | ¥104.4 billion | ¥60.4 billion | 0.01% | ¥16K/m² |
| 13 | Ninohe City Iwate |
¥135.3 billion | $860.69M | ¥92.1 billion | ¥43.2 billion | 0.01% | ¥18K/m² |
| 14 | Hachimantai City Iwate |
¥128.1 billion | $814.76M | ¥61.7 billion | ¥66.4 billion | 0.01% | ¥9,037/m² |
| 15 | Kanegasaki Town Iwate |
¥125.4 billion | $797.19M | ¥66.7 billion | ¥58.7 billion | 0.01% | ¥20K/m² |
| 16 | Tono City Iwate |
¥109.9 billion | $698.98M | ¥66.2 billion | ¥43.7 billion | 0.01% | ¥15K/m² |
| 17 | Rikuzentakata City Iwate |
¥99.4 billion | $632.17M | ¥59.8 billion | ¥39.6 billion | 0.01% | ¥17K/m² |
| 18 | Shizukuishi Town Iwate |
¥81.9 billion | $520.89M | ¥45.5 billion | ¥36.4 billion | 0.01% | ¥13K/m² |
| 19 | Yamada Town Iwate |
¥61.1 billion | $388.35M | ¥35.6 billion | ¥25.5 billion | 0.00% | ¥20K/m² |
| 20 | Hirono Town Iwate |
¥57.7 billion | $367.24M | ¥32.2 billion | ¥25.5 billion | 0.00% | ¥8,958/m² |
| 21 | Iwate Town Iwate |
¥48.9 billion | $310.70M | ¥29.0 billion | ¥19.8 billion | 0.00% | ¥12K/m² |
| 22 | Ichinohe Town Iwate |
¥48.0 billion | $305.15M | ¥29.5 billion | ¥18.4 billion | 0.00% | ¥14K/m² |
| 23 | Otsuchi Town Iwate |
¥43.8 billion | $278.54M | ¥22.9 billion | ¥20.9 billion | 0.00% | ¥21K/m² |
| 24 | Karumai Town Iwate |
¥33.7 billion | $214.26M | ¥20.1 billion | ¥13.6 billion | 0.00% | ¥12K/m² |
| 25 | Hiraizumi Town Iwate |
¥31.5 billion | $200.22M | ¥19.6 billion | ¥11.9 billion | 0.00% | ¥18K/m² |
| 26 | Iwaizumi Town Iwate |
¥25.3 billion | $160.90M | ¥14.3 billion | ¥11.0 billion | 0.00% | ¥14K/m² |
| 27 | Sumita Town Iwate |
¥20.8 billion | $132.58M | ¥12.5 billion | ¥8.3 billion | 0.00% | ¥6,760/m² |
| 28 | Kunohe Village Iwate |
¥20.8 billion | $132.11M | ¥11.3 billion | ¥9.5 billion | 0.00% | ¥6,497/m² |
| 29 | Kuzumaki Town Iwate |
¥17.3 billion | $110.09M | ¥9.0 billion | ¥8.3 billion | 0.00% | ¥6,240/m² |
| 30 | Nishiwaga Town Iwate |
¥15.6 billion | $99.01M | ¥6.8 billion | ¥8.8 billion | 0.00% | ¥3,816/m² |
| 31 | Noda Village Iwate |
¥13.3 billion | $84.51M | ¥7.5 billion | ¥5.8 billion | 0.00% | ¥10K/m² |
| 32 | Tanohata Village Iwate |
¥8.2 billion | $52.43M | ¥4.0 billion | ¥4.3 billion | 0.00% | ¥5,870/m² |
| 33 | Fudai Village Iwate |
¥8.1 billion | $51.45M | ¥4.6 billion | ¥3.5 billion | 0.00% | ¥9,165/m² |
33 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.