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 | Kumamoto City Kumamoto |
¥6.7 trillion | $42.9B | ¥4.9 trillion | ¥1.8 trillion | 0.48% | ¥79K/m² |
| 2 | Yatsushiro City Kumamoto |
¥719.5 billion | $4.6B | ¥463.9 billion | ¥255.5 billion | 0.05% | ¥19K/m² |
| 3 | Kikuyo Town Kumamoto |
¥506.7 billion | $3.2B | ¥315.9 billion | ¥190.7 billion | 0.04% | ¥77K/m² |
| 4 | Koshi City Kumamoto |
¥442.7 billion | $2.8B | ¥307.4 billion | ¥135.3 billion | 0.03% | ¥55K/m² |
| 5 | Amakusa City Kumamoto |
¥369.3 billion | $2.3B | ¥236.6 billion | ¥132.7 billion | 0.03% | ¥17K/m² |
| 6 | Tamana City Kumamoto |
¥311.2 billion | $2.0B | ¥187.4 billion | ¥123.9 billion | 0.02% | ¥19K/m² |
| 7 | Ozu Town Kumamoto |
¥298.0 billion | $1.9B | ¥175.2 billion | ¥122.8 billion | 0.02% | ¥51K/m² |
| 8 | Uki City Kumamoto |
¥296.4 billion | $1.9B | ¥184.2 billion | ¥112.2 billion | 0.02% | ¥22K/m² |
| 9 | Arao City Kumamoto |
¥260.3 billion | $1.7B | ¥164.0 billion | ¥96.3 billion | 0.02% | ¥22K/m² |
| 10 | Mashiki Town Kumamoto |
¥257.4 billion | $1.6B | ¥168.8 billion | ¥88.6 billion | 0.02% | ¥40K/m² |
| 11 | Kikuchi City Kumamoto |
¥256.8 billion | $1.6B | ¥138.6 billion | ¥118.1 billion | 0.02% | ¥16K/m² |
| 12 | Yamaga City Kumamoto |
¥232.8 billion | $1.5B | ¥144.2 billion | ¥88.5 billion | 0.02% | ¥14K/m² |
| 13 | Uto City Kumamoto |
¥211.3 billion | $1.3B | ¥141.5 billion | ¥69.7 billion | 0.01% | ¥39K/m² |
| 14 | Hitoyoshi City Kumamoto |
¥150.9 billion | $959.77M | ¥88.6 billion | ¥62.4 billion | 0.01% | ¥17K/m² |
| 15 | Aso City Kumamoto |
¥139.6 billion | $887.67M | ¥81.8 billion | ¥57.8 billion | 0.01% | ¥9,133/m² |
| 16 | Minamata City Kumamoto |
¥131.1 billion | $833.59M | ¥88.8 billion | ¥42.3 billion | 0.01% | ¥24K/m² |
| 17 | Kashima Town Kumamoto |
¥117.1 billion | $744.87M | ¥73.8 billion | ¥43.4 billion | 0.01% | ¥43K/m² |
| 18 | Kamiamakusa City Kumamoto |
¥96.8 billion | $615.55M | ¥54.5 billion | ¥42.2 billion | 0.01% | ¥11K/m² |
| 19 | Mifune Town Kumamoto |
¥95.9 billion | $609.97M | ¥57.8 billion | ¥38.1 billion | 0.01% | ¥24K/m² |
| 20 | Nagasu Town Kumamoto |
¥90.0 billion | $572.42M | ¥53.8 billion | ¥36.2 billion | 0.01% | ¥13K/m² |
| 21 | Ashikita Town Kumamoto |
¥62.4 billion | $397.12M | ¥35.8 billion | ¥26.7 billion | 0.00% | ¥17K/m² |
| 22 | Minamiaso Village Kumamoto |
¥52.8 billion | $335.67M | ¥26.6 billion | ¥26.2 billion | 0.00% | ¥6,414/m² |
| 23 | Nishihara Village Kumamoto |
¥50.4 billion | $320.24M | ¥28.1 billion | ¥22.2 billion | 0.00% | ¥17K/m² |
| 24 | Kosa Town Kumamoto |
¥49.4 billion | $314.39M | ¥29.5 billion | ¥19.9 billion | 0.00% | ¥13K/m² |
| 25 | Nankan Town Kumamoto |
¥46.9 billion | $298.13M | ¥21.2 billion | ¥25.7 billion | 0.00% | ¥6,917/m² |
| 26 | Asagiri Town Kumamoto |
¥46.8 billion | $297.82M | ¥26.5 billion | ¥20.3 billion | 0.00% | ¥5,795/m² |
| 27 | Hikawa Town Kumamoto |
¥45.2 billion | $287.19M | ¥28.2 billion | ¥17.0 billion | 0.00% | ¥12K/m² |
| 28 | Nishiki Town Kumamoto |
¥42.6 billion | $270.74M | ¥23.3 billion | ¥19.3 billion | 0.00% | ¥7,423/m² |
| 29 | Reihoku Town Kumamoto |
¥38.2 billion | $242.83M | ¥16.4 billion | ¥21.8 billion | 0.00% | ¥12K/m² |
| 30 | Yamato Town Kumamoto |
¥37.1 billion | $235.76M | ¥19.9 billion | ¥17.1 billion | 0.00% | ¥7,130/m² |
| 31 | Nagomi Town Kumamoto |
¥34.8 billion | $221.19M | ¥18.2 billion | ¥16.6 billion | 0.00% | ¥4,796/m² |
| 32 | Taragi Town Kumamoto |
¥27.5 billion | $174.60M | ¥15.3 billion | ¥12.2 billion | 0.00% | ¥5,733/m² |
| 33 | Misato Town Kumamoto |
¥25.6 billion | $162.74M | ¥13.1 billion | ¥12.5 billion | 0.00% | ¥5,180/m² |
| 34 | Oguni Town Kumamoto |
¥23.5 billion | $149.29M | ¥13.8 billion | ¥9.7 billion | 0.00% | ¥9,633/m² |
| 35 | Takamori Town Kumamoto |
¥23.4 billion | $148.89M | ¥12.4 billion | ¥11.1 billion | 0.00% | ¥8,900/m² |
| 36 | Gyokuto Town Kumamoto |
¥22.1 billion | $140.27M | ¥14.2 billion | ¥7.9 billion | 0.00% | ¥12K/m² |
| 37 | Minamioguni Town Kumamoto |
¥16.9 billion | $107.17M | ¥8.8 billion | ¥8.1 billion | 0.00% | ¥9,633/m² |
| 38 | Tsunagi Town Kumamoto |
¥13.5 billion | $85.70M | ¥7.6 billion | ¥5.9 billion | 0.00% | ¥9,700/m² |
| 39 | Sagara Village Kumamoto |
¥13.3 billion | $84.62M | ¥7.1 billion | ¥6.2 billion | 0.00% | ¥4,683/m² |
| 40 | Yunomae Town Kumamoto |
¥10.0 billion | $63.88M | ¥5.8 billion | ¥4.2 billion | 0.00% | ¥4,750/m² |
| 41 | Yamae Village Kumamoto |
¥6.9 billion | $44.17M | ¥3.7 billion | ¥3.3 billion | — | ¥5,517/m² |
| 42 | Kuma Village Kumamoto |
¥6.5 billion | $41.28M | ¥3.3 billion | ¥3.2 billion | — | ¥3,567/m² |
| 43 | Mizukami Village Kumamoto |
¥5.0 billion | $31.69M | ¥2.6 billion | ¥2.4 billion | — | ¥4,150/m² |
| 44 | Ubuyama Village Kumamoto |
¥4.6 billion | $29.12M | ¥2.4 billion | ¥2.2 billion | — | ¥3,100/m² |
| 45 | Itsuki Village Kumamoto |
¥2.3 billion | $14.94M | ¥846.6M | ¥1.5 billion | — | ¥2,525/m² |
45 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.