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 | Miyazaki City Miyazaki |
¥3.1 trillion | $19.5B | ¥2.1 trillion | ¥933.2 billion | 0.22% | ¥50K/m² |
| 2 | Miyakonojo City Miyazaki |
¥981.1 billion | $6.2B | ¥611.8 billion | ¥369.3 billion | 0.07% | ¥17K/m² |
| 3 | Nobeoka City Miyazaki |
¥700.1 billion | $4.5B | ¥470.1 billion | ¥230.0 billion | 0.05% | ¥28K/m² |
| 4 | Hyuga City Miyazaki |
¥385.1 billion | $2.4B | ¥252.5 billion | ¥132.6 billion | 0.03% | ¥27K/m² |
| 5 | Kobayashi City Miyazaki |
¥225.8 billion | $1.4B | ¥140.8 billion | ¥85.0 billion | 0.02% | ¥14K/m² |
| 6 | Nichinan City Miyazaki |
¥225.7 billion | $1.4B | ¥136.6 billion | ¥89.1 billion | 0.02% | ¥16K/m² |
| 7 | Saito City Miyazaki |
¥136.6 billion | $868.45M | ¥87.9 billion | ¥48.6 billion | 0.01% | ¥20K/m² |
| 8 | Mimata Town Miyazaki |
¥120.6 billion | $766.79M | ¥74.9 billion | ¥45.7 billion | 0.01% | ¥16K/m² |
| 9 | Takanabe Town Miyazaki |
¥115.0 billion | $731.33M | ¥68.0 billion | ¥47.0 billion | 0.01% | ¥19K/m² |
| 10 | Kunitomi Town Miyazaki |
¥91.6 billion | $582.26M | ¥56.1 billion | ¥35.4 billion | 0.01% | ¥15K/m² |
| 11 | Ebino City Miyazaki |
¥88.9 billion | $565.42M | ¥54.2 billion | ¥34.8 billion | 0.01% | ¥10K/m² |
| 12 | Kadogawa Town Miyazaki |
¥74.7 billion | $475.08M | ¥50.5 billion | ¥24.2 billion | 0.01% | ¥16K/m² |
| 13 | Kushima City Miyazaki |
¥72.1 billion | $458.26M | ¥41.9 billion | ¥30.2 billion | 0.01% | ¥11K/m² |
| 14 | Kawaminami Town Miyazaki |
¥65.3 billion | $415.40M | ¥34.2 billion | ¥31.1 billion | 0.01% | ¥11K/m² |
| 15 | Shintomi Town Miyazaki |
¥64.3 billion | $408.91M | ¥39.5 billion | ¥24.8 billion | 0.01% | ¥15K/m² |
| 16 | Tsuno Town Miyazaki |
¥42.4 billion | $269.55M | ¥23.3 billion | ¥19.1 billion | 0.00% | ¥11K/m² |
| 17 | Takaharu Town Miyazaki |
¥36.5 billion | $231.82M | ¥20.7 billion | ¥15.8 billion | 0.00% | ¥8,848/m² |
| 18 | Takachiho Town Miyazaki |
¥33.4 billion | $212.30M | ¥17.7 billion | ¥15.7 billion | 0.00% | ¥14K/m² |
| 19 | Aya Town Miyazaki |
¥27.0 billion | $171.89M | ¥15.2 billion | ¥11.8 billion | 0.00% | ¥14K/m² |
| 20 | Kijo Town Miyazaki |
¥20.6 billion | $131.05M | ¥9.5 billion | ¥11.1 billion | 0.00% | ¥8,790/m² |
| 21 | Misato Town Miyazaki |
¥11.8 billion | $75.15M | ¥5.3 billion | ¥6.5 billion | 0.00% | ¥4,173/m² |
| 22 | Hinokage Town Miyazaki |
¥8.7 billion | $55.13M | ¥4.7 billion | ¥3.9 billion | 0.00% | ¥3,980/m² |
| 23 | Gokase Town Miyazaki |
¥6.7 billion | $42.60M | ¥3.0 billion | ¥3.7 billion | — | ¥4,350/m² |
| 24 | Morotsuka Village Miyazaki |
¥4.2 billion | $26.58M | ¥2.2 billion | ¥2.0 billion | — | ¥2,060/m² |
| 25 | Shiiba Village Miyazaki |
¥3.6 billion | $22.93M | ¥1.3 billion | ¥2.3 billion | — | ¥1,835/m² |
| 26 | Nishimera Village Miyazaki |
¥2.1 billion | $13.12M | ¥968.3M | ¥1.1 billion | — | ¥5,075/m² |
26 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.