Miyagi: Cities with the largest total real estate value

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	Sendai City Miyagi	¥14.1 trillion	$89.5B	¥11.0 trillion	¥3.1 trillion	1.0%	¥139K/m²
2	Ishinomaki City Miyagi	¥931.8 billion	$5.9B	¥622.5 billion	¥309.3 billion	0.07%	¥29K/m²
3	Natori City Miyagi	¥841.1 billion	$5.3B	¥646.5 billion	¥194.5 billion	0.06%	¥88K/m²
4	Osaki City Miyagi	¥763.0 billion	$4.9B	¥502.5 billion	¥260.6 billion	0.06%	¥21K/m²
5	Tagajo City Miyagi	¥512.8 billion	$3.3B	¥384.7 billion	¥128.1 billion	0.04%	¥82K/m²
6	Tomiya City Miyagi	¥491.7 billion	$3.1B	¥380.0 billion	¥111.7 billion	0.04%	¥64K/m²
7	Iwanuma City Miyagi	¥429.6 billion	$2.7B	¥317.7 billion	¥111.9 billion	0.03%	¥58K/m²
8	Kesennuma City Miyagi	¥364.5 billion	$2.3B	¥234.0 billion	¥130.5 billion	0.03%	¥20K/m²
9	Tome City Miyagi	¥340.4 billion	$2.2B	¥208.4 billion	¥132.0 billion	0.02%	¥10K/m²
10	Taiwa Town Miyagi	¥340.3 billion	$2.2B	¥223.8 billion	¥116.6 billion	0.02%	¥52K/m²
11	Kurihara City Miyagi	¥327.6 billion	$2.1B	¥207.5 billion	¥120.1 billion	0.02%	¥10K/m²
12	Rifu Town Miyagi	¥323.9 billion	$2.1B	¥235.9 billion	¥88.0 billion	0.02%	¥65K/m²
13	Shiogama City Miyagi	¥297.4 billion	$1.9B	¥202.9 billion	¥94.6 billion	0.02%	¥36K/m²
14	Shibata Town Miyagi	¥231.4 billion	$1.5B	¥160.3 billion	¥71.2 billion	0.02%	¥32K/m²
15	Higashimatsushima City Miyagi	¥207.7 billion	$1.3B	¥145.7 billion	¥62.0 billion	0.01%	¥30K/m²
16	Watari Town Miyagi	¥192.8 billion	$1.2B	¥130.6 billion	¥62.2 billion	0.01%	¥27K/m²
17	Shiroishi City Miyagi	¥167.9 billion	$1.1B	¥103.8 billion	¥64.1 billion	0.01%	¥18K/m²
18	Ogawara Town Miyagi	¥158.8 billion	$1.0B	¥111.2 billion	¥47.6 billion	0.01%	¥36K/m²
19	Kakuda City Miyagi	¥152.0 billion	$966.32M	¥96.3 billion	¥55.7 billion	0.01%	¥17K/m²
20	Misato Town Miyagi	¥125.2 billion	$796.02M	¥81.0 billion	¥44.2 billion	0.01%	¥14K/m²
21	Kami Town Miyagi	¥119.2 billion	$757.99M	¥77.5 billion	¥41.7 billion	0.01%	¥10K/m²
22	Shichigahama Town Miyagi	¥117.5 billion	$747.29M	¥89.6 billion	¥27.9 billion	0.01%	¥37K/m²
23	Onagawa Town Miyagi	¥95.3 billion	$606.15M	¥17.6 billion	¥77.7 billion	0.01%	¥18K/m²
24	Ohira Village Miyagi	¥86.5 billion	$549.91M	¥48.4 billion	¥38.1 billion	0.01%	¥21K/m²
25	Matsushima Town Miyagi	¥81.3 billion	$516.90M	¥51.1 billion	¥30.2 billion	0.01%	¥21K/m²
26	Wakuya Town Miyagi	¥77.5 billion	$492.75M	¥50.5 billion	¥27.0 billion	0.01%	¥13K/m²
27	Zao Town Miyagi	¥77.2 billion	$490.98M	¥43.2 billion	¥34.0 billion	0.01%	¥9,490/m²
28	Minamisanriku Town Miyagi	¥62.2 billion	$395.71M	¥31.8 billion	¥30.5 billion	0.00%	¥11K/m²
29	Murata Town Miyagi	¥60.4 billion	$384.29M	¥37.8 billion	¥22.6 billion	0.00%	¥10K/m²
30	Yamamoto Town Miyagi	¥56.0 billion	$356.37M	¥33.3 billion	¥22.8 billion	0.00%	¥12K/m²
31	Osato Town Miyagi	¥51.7 billion	$328.82M	¥33.5 billion	¥18.2 billion	0.00%	¥10K/m²
32	Marumori Town Miyagi	¥43.2 billion	$274.96M	¥23.7 billion	¥19.5 billion	0.00%	¥10K/m²
33	Kawasaki Town Miyagi	¥39.5 billion	$251.49M	¥23.1 billion	¥16.5 billion	0.00%	¥9,025/m²
34	Shikama Town Miyagi	¥31.5 billion	$200.29M	¥17.8 billion	¥13.7 billion	0.00%	¥6,633/m²
35	Shichikashuku Town Miyagi	¥4.3 billion	$27.22M	¥2.5 billion	¥1.8 billion	—	¥3,620/m²

35 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.