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 | Takamatsu City Kagawa |
¥3.3 trillion | $21.3B | ¥2.2 trillion | ¥1.2 trillion | 0.24% | ¥58K/m² |
| 2 | Marugame City Kagawa |
¥749.7 billion | $4.8B | ¥495.5 billion | ¥254.2 billion | 0.05% | ¥35K/m² |
| 3 | Sakaide City Kagawa |
¥497.6 billion | $3.2B | ¥352.0 billion | ¥145.6 billion | 0.04% | ¥31K/m² |
| 4 | Kan-onji City Kagawa |
¥395.2 billion | $2.5B | ¥238.3 billion | ¥156.9 billion | 0.03% | ¥23K/m² |
| 5 | Mitoyo City Kagawa |
¥345.3 billion | $2.2B | ¥207.4 billion | ¥137.9 billion | 0.03% | ¥15K/m² |
| 6 | Sanuki City Kagawa |
¥254.4 billion | $1.6B | ¥160.7 billion | ¥93.7 billion | 0.02% | ¥21K/m² |
| 7 | Zentsuji City Kagawa |
¥192.7 billion | $1.2B | ¥133.6 billion | ¥59.1 billion | 0.01% | ¥25K/m² |
| 8 | Tadotsu Town Kagawa |
¥158.2 billion | $1.0B | ¥108.1 billion | ¥50.1 billion | 0.01% | ¥27K/m² |
| 9 | Higashikagawa City Kagawa |
¥155.9 billion | $991.18M | ¥96.5 billion | ¥59.4 billion | 0.01% | ¥17K/m² |
| 10 | Utazu Town Kagawa |
¥145.4 billion | $924.43M | ¥88.6 billion | ¥56.7 billion | 0.01% | ¥34K/m² |
| 11 | Ayagawa Town Kagawa |
¥143.4 billion | $911.68M | ¥91.8 billion | ¥51.5 billion | 0.01% | ¥19K/m² |
| 12 | Miki Town Kagawa |
¥131.4 billion | $835.35M | ¥79.6 billion | ¥51.8 billion | 0.01% | ¥23K/m² |
| 13 | Manno Town Kagawa |
¥94.5 billion | $601.02M | ¥53.7 billion | ¥40.8 billion | 0.01% | ¥13K/m² |
| 14 | Tonosho Town Kagawa |
¥71.2 billion | $453.07M | ¥46.1 billion | ¥25.2 billion | 0.01% | ¥23K/m² |
| 15 | Shodoshima Town Kagawa |
¥67.8 billion | $431.18M | ¥41.4 billion | ¥26.4 billion | 0.01% | ¥15K/m² |
| 16 | Kotohira Town Kagawa |
¥51.4 billion | $326.82M | ¥31.4 billion | ¥20.0 billion | 0.00% | ¥23K/m² |
| 17 | Naoshima Town Kagawa |
¥26.6 billion | $169.04M | ¥16.2 billion | ¥10.4 billion | 0.00% | ¥21K/m² |
17 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.