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 | Yokkaichi City Mie |
¥2.8 trillion | $17.9B | ¥2.0 trillion | ¥838.2 billion | 0.20% | ¥50K/m² |
| 2 | Tsu City Mie |
¥2.0 trillion | $12.6B | ¥1.4 trillion | ¥621.7 billion | 0.14% | ¥41K/m² |
| 3 | Suzuka City Mie |
¥1.4 trillion | $9.1B | ¥977.6 billion | ¥460.8 billion | 0.10% | ¥38K/m² |
| 4 | Kuwana City Mie |
¥1.2 trillion | $7.7B | ¥864.1 billion | ¥340.3 billion | 0.09% | ¥53K/m² |
| 5 | Matsusaka City Mie |
¥1.0 trillion | $6.4B | ¥681.6 billion | ¥324.7 billion | 0.07% | ¥29K/m² |
| 6 | Ise City Mie |
¥844.9 billion | $5.4B | ¥588.4 billion | ¥256.5 billion | 0.06% | ¥30K/m² |
| 7 | Iga City Mie |
¥609.6 billion | $3.9B | ¥368.4 billion | ¥241.2 billion | 0.04% | ¥21K/m² |
| 8 | Kameyama City Mie |
¥414.3 billion | $2.6B | ¥233.5 billion | ¥180.9 billion | 0.03% | ¥26K/m² |
| 9 | Nabari City Mie |
¥413.0 billion | $2.6B | ¥269.5 billion | ¥143.5 billion | 0.03% | ¥30K/m² |
| 10 | Inabe City Mie |
¥342.0 billion | $2.2B | ¥201.5 billion | ¥140.5 billion | 0.03% | ¥20K/m² |
| 11 | Komono Town Mie |
¥279.7 billion | $1.8B | ¥190.4 billion | ¥89.3 billion | 0.02% | ¥33K/m² |
| 12 | Shima City Mie |
¥256.7 billion | $1.6B | ¥144.3 billion | ¥112.4 billion | 0.02% | ¥13K/m² |
| 13 | Toin Town Mie |
¥178.8 billion | $1.1B | ¥119.1 billion | ¥59.7 billion | 0.01% | ¥31K/m² |
| 14 | Kawagoe Town Mie |
¥172.5 billion | $1.1B | ¥121.6 billion | ¥51.0 billion | 0.01% | ¥46K/m² |
| 15 | Meiwa Town Mie |
¥133.3 billion | $847.65M | ¥88.1 billion | ¥45.2 billion | 0.01% | ¥18K/m² |
| 16 | Toba City Mie |
¥110.5 billion | $702.76M | ¥50.8 billion | ¥59.7 billion | 0.01% | ¥19K/m² |
| 17 | Asahi Town Mie |
¥108.0 billion | $686.95M | ¥78.6 billion | ¥29.4 billion | 0.01% | ¥49K/m² |
| 18 | Taki Town Mie |
¥104.6 billion | $665.17M | ¥53.1 billion | ¥51.5 billion | 0.01% | ¥14K/m² |
| 19 | Tamaki Town Mie |
¥96.7 billion | $614.97M | ¥61.5 billion | ¥35.2 billion | 0.01% | ¥18K/m² |
| 20 | Owase City Mie |
¥75.7 billion | $481.66M | ¥52.3 billion | ¥23.4 billion | 0.01% | ¥20K/m² |
| 21 | Kisosaki Town Mie |
¥74.1 billion | $471.53M | ¥40.9 billion | ¥33.2 billion | 0.01% | ¥27K/m² |
| 22 | Kumano City Mie |
¥68.2 billion | $433.41M | ¥43.1 billion | ¥25.0 billion | 0.01% | ¥23K/m² |
| 23 | Kihoku Town Mie |
¥55.2 billion | $351.04M | ¥36.8 billion | ¥18.4 billion | 0.00% | ¥17K/m² |
| 24 | Kiho Town Mie |
¥43.0 billion | $273.61M | ¥27.9 billion | ¥15.1 billion | 0.00% | ¥18K/m² |
| 25 | Odai Town Mie |
¥39.7 billion | $252.57M | ¥26.0 billion | ¥13.7 billion | 0.00% | ¥7,792/m² |
| 26 | Minamiise Town Mie |
¥34.7 billion | $220.74M | ¥19.7 billion | ¥15.0 billion | 0.00% | ¥10K/m² |
| 27 | Mihama Town Mie |
¥34.0 billion | $215.91M | ¥22.6 billion | ¥11.4 billion | 0.00% | ¥18K/m² |
| 28 | Watarai Town Mie |
¥30.0 billion | $190.69M | ¥17.7 billion | ¥12.3 billion | 0.00% | ¥8,483/m² |
| 29 | Taiki Town Mie |
¥23.0 billion | $146.13M | ¥12.4 billion | ¥10.6 billion | 0.00% | ¥7,070/m² |
29 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.