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 | Kochi City Kochi |
¥2.7 trillion | $16.9B | ¥2.0 trillion | ¥696.9 billion | 0.19% | ¥76K/m² |
| 2 | Nankoku City Kochi |
¥363.7 billion | $2.3B | ¥259.7 billion | ¥103.9 billion | 0.03% | ¥50K/m² |
| 3 | Shimanto City Kochi |
¥179.5 billion | $1.1B | ¥116.0 billion | ¥63.5 billion | 0.01% | ¥25K/m² |
| 4 | Konan City Kochi |
¥178.5 billion | $1.1B | ¥117.2 billion | ¥61.3 billion | 0.01% | ¥26K/m² |
| 5 | Kami City Kochi |
¥153.6 billion | $972.61M | ¥110.9 billion | ¥42.6 billion | 0.01% | ¥36K/m² |
| 6 | Tosa City Kochi |
¥137.4 billion | $870.45M | ¥91.8 billion | ¥45.7 billion | 0.01% | ¥29K/m² |
| 7 | Ino Town Kochi |
¥126.7 billion | $802.68M | ¥92.9 billion | ¥33.8 billion | 0.01% | ¥35K/m² |
| 8 | Susaki City Kochi |
¥102.0 billion | $645.89M | ¥61.6 billion | ¥40.4 billion | 0.01% | ¥28K/m² |
| 9 | Sukumo City Kochi |
¥98.0 billion | $620.50M | ¥59.8 billion | ¥38.1 billion | 0.01% | ¥18K/m² |
| 10 | Aki City Kochi |
¥93.6 billion | $592.69M | ¥66.5 billion | ¥27.1 billion | 0.01% | ¥26K/m² |
| 11 | Shimanto Town Kochi |
¥66.4 billion | $420.43M | ¥39.1 billion | ¥27.3 billion | 0.01% | ¥15K/m² |
| 12 | Sakawa Town Kochi |
¥57.5 billion | $364.15M | ¥36.1 billion | ¥21.4 billion | 0.00% | ¥23K/m² |
| 13 | Tosashimizu City Kochi |
¥54.8 billion | $346.88M | ¥31.0 billion | ¥23.8 billion | 0.00% | ¥16K/m² |
| 14 | Muroto City Kochi |
¥44.8 billion | $283.86M | ¥27.4 billion | ¥17.5 billion | 0.00% | ¥13K/m² |
| 15 | Kuroshio Town Kochi |
¥40.3 billion | $254.95M | ¥25.6 billion | ¥14.6 billion | 0.00% | ¥16K/m² |
| 16 | Hidaka Village Kochi |
¥23.7 billion | $150.37M | ¥14.1 billion | ¥9.7 billion | 0.00% | ¥19K/m² |
| 17 | Ochi Town Kochi |
¥22.5 billion | $142.70M | ¥14.2 billion | ¥8.4 billion | 0.00% | ¥21K/m² |
| 18 | Nakatosa Town Kochi |
¥21.1 billion | $133.62M | ¥13.0 billion | ¥8.1 billion | 0.00% | ¥15K/m² |
| 19 | Tsuno Town Kochi |
¥18.6 billion | $117.91M | ¥11.1 billion | ¥7.6 billion | 0.00% | ¥11K/m² |
| 20 | Geisei Village Kochi |
¥18.5 billion | $117.37M | ¥11.5 billion | ¥7.0 billion | 0.00% | ¥12K/m² |
| 21 | Niyodogawa Town Kochi |
¥16.0 billion | $101.04M | ¥9.9 billion | ¥6.0 billion | 0.00% | ¥8,472/m² |
| 22 | Otsuki Town Kochi |
¥13.1 billion | $82.85M | ¥7.3 billion | ¥5.8 billion | 0.00% | ¥7,700/m² |
| 23 | Tosa Town Kochi |
¥13.0 billion | $82.14M | ¥7.2 billion | ¥5.8 billion | 0.00% | ¥14K/m² |
| 24 | Otoyo Town Kochi |
¥12.7 billion | $80.38M | ¥8.4 billion | ¥4.3 billion | 0.00% | ¥12K/m² |
| 25 | Nahari Town Kochi |
¥12.2 billion | $77.47M | ¥7.8 billion | ¥4.4 billion | 0.00% | ¥12K/m² |
| 26 | Tano Town Kochi |
¥11.7 billion | $73.97M | ¥6.5 billion | ¥5.2 billion | 0.00% | ¥13K/m² |
| 27 | Motoyama Town Kochi |
¥11.6 billion | $73.64M | ¥7.9 billion | ¥3.7 billion | 0.00% | ¥14K/m² |
| 28 | Yusuhara Town Kochi |
¥10.8 billion | $68.26M | ¥6.8 billion | ¥4.0 billion | 0.00% | ¥14K/m² |
| 29 | Yasuda Town Kochi |
¥8.1 billion | $51.61M | ¥4.8 billion | ¥3.3 billion | 0.00% | ¥11K/m² |
| 30 | Toyo Town Kochi |
¥7.7 billion | $48.64M | ¥5.7 billion | ¥2.0 billion | 0.00% | ¥11K/m² |
| 31 | Mihara Village Kochi |
¥4.4 billion | $28.12M | ¥2.7 billion | ¥1.7 billion | — | ¥5,215/m² |
| 32 | Kitagawa Village Kochi |
¥4.1 billion | $25.89M | ¥2.3 billion | ¥1.8 billion | — | ¥8,395/m² |
| 33 | Umaji Village Kochi |
¥2.9 billion | $18.46M | ¥1.7 billion | ¥1.2 billion | — | ¥6,673/m² |
| 34 | Okawa Village Kochi |
¥743.8M | $4.71M | ¥488.5M | ¥255.4M | — | ¥3,335/m² |
34 areas · calculated Nov 3, 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.