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 | Nagano City Nagano |
¥2.9 trillion | $18.5B | ¥2.1 trillion | ¥809.6 billion | 0.21% | ¥50K/m² |
| 2 | Matsumoto City Nagano |
¥2.1 trillion | $13.0B | ¥1.5 trillion | ¥563.3 billion | 0.15% | ¥48K/m² |
| 3 | Ueda City Nagano |
¥1.1 trillion | $6.8B | ¥721.2 billion | ¥358.2 billion | 0.08% | ¥34K/m² |
| 4 | Karuizawa Town Nagano |
¥972.2 billion | $6.2B | ¥767.1 billion | ¥205.2 billion | 0.07% | ¥83K/m² |
| 5 | Azumino City Nagano |
¥655.3 billion | $4.1B | ¥447.0 billion | ¥208.2 billion | 0.05% | ¥26K/m² |
| 6 | Saku City Nagano |
¥633.1 billion | $4.0B | ¥417.1 billion | ¥216.0 billion | 0.05% | ¥26K/m² |
| 7 | Iida City Nagano |
¥618.1 billion | $3.9B | ¥409.0 billion | ¥209.1 billion | 0.04% | ¥21K/m² |
| 8 | Shiojiri City Nagano |
¥540.9 billion | $3.4B | ¥384.8 billion | ¥156.1 billion | 0.04% | ¥40K/m² |
| 9 | Ina City Nagano |
¥411.5 billion | $2.6B | ¥259.3 billion | ¥152.3 billion | 0.03% | ¥15K/m² |
| 10 | Chikuma City Nagano |
¥411.1 billion | $2.6B | ¥256.2 billion | ¥154.9 billion | 0.03% | ¥29K/m² |
| 11 | Chino City Nagano |
¥398.9 billion | $2.5B | ¥224.8 billion | ¥174.2 billion | 0.03% | ¥25K/m² |
| 12 | Suwa City Nagano |
¥369.3 billion | $2.3B | ¥251.6 billion | ¥117.7 billion | 0.03% | ¥37K/m² |
| 13 | Suzaka City Nagano |
¥320.1 billion | $2.0B | ¥215.7 billion | ¥104.4 billion | 0.02% | ¥31K/m² |
| 14 | Okaya City Nagano |
¥310.6 billion | $2.0B | ¥211.1 billion | ¥99.5 billion | 0.02% | ¥34K/m² |
| 15 | Nakano City Nagano |
¥270.9 billion | $1.7B | ¥165.9 billion | ¥105.0 billion | 0.02% | ¥27K/m² |
| 16 | Komoro City Nagano |
¥226.5 billion | $1.4B | ¥139.0 billion | ¥87.5 billion | 0.02% | ¥19K/m² |
| 17 | Komagane City Nagano |
¥199.5 billion | $1.3B | ¥116.4 billion | ¥83.1 billion | 0.01% | ¥19K/m² |
| 18 | Tomi City Nagano |
¥183.2 billion | $1.2B | ¥120.5 billion | ¥62.7 billion | 0.01% | ¥22K/m² |
| 19 | Omachi City Nagano |
¥168.0 billion | $1.1B | ¥100.5 billion | ¥67.4 billion | 0.01% | ¥11K/m² |
| 20 | Minowa Town Nagano |
¥148.1 billion | $938.25M | ¥90.3 billion | ¥57.8 billion | 0.01% | ¥20K/m² |
| 21 | Shimosuwa Town Nagano |
¥125.0 billion | $791.60M | ¥88.3 billion | ¥36.7 billion | 0.01% | ¥41K/m² |
| 22 | Miyota Town Nagano |
¥113.8 billion | $720.83M | ¥67.7 billion | ¥46.1 billion | 0.01% | ¥22K/m² |
| 23 | Minamiminowa Village Nagano |
¥104.9 billion | $664.41M | ¥65.7 billion | ¥39.2 billion | 0.01% | ¥19K/m² |
| 24 | Sakaki Town Nagano |
¥101.9 billion | $645.51M | ¥64.2 billion | ¥37.7 billion | 0.01% | ¥22K/m² |
| 25 | Fujimi Town Nagano |
¥99.5 billion | $630.03M | ¥58.5 billion | ¥40.9 billion | 0.01% | ¥16K/m² |
| 26 | Hakuba Village Nagano |
¥99.5 billion | $629.96M | ¥57.3 billion | ¥42.2 billion | 0.01% | ¥14K/m² |
| 27 | Tatsuno Town Nagano |
¥94.1 billion | $595.81M | ¥54.4 billion | ¥39.7 billion | 0.01% | ¥15K/m² |
| 28 | Iiyama City Nagano |
¥91.7 billion | $580.87M | ¥48.6 billion | ¥43.1 billion | 0.01% | ¥16K/m² |
| 29 | Yamanouchi Town Nagano |
¥83.2 billion | $527.09M | ¥35.5 billion | ¥47.8 billion | 0.01% | ¥18K/m² |
| 30 | Takamori Town Nagano |
¥71.8 billion | $454.77M | ¥44.0 billion | ¥27.8 billion | 0.01% | ¥15K/m² |
| 31 | Obuse Town Nagano |
¥69.7 billion | $441.33M | ¥49.2 billion | ¥20.5 billion | 0.01% | ¥35K/m² |
| 32 | Matsukawa Town Nagano |
¥62.3 billion | $394.41M | ¥35.7 billion | ¥26.5 billion | 0.00% | ¥15K/m² |
| 33 | Kiso Town Nagano |
¥57.0 billion | $360.79M | ¥32.7 billion | ¥24.2 billion | 0.00% | ¥12K/m² |
| 34 | Miyada Village Nagano |
¥56.6 billion | $358.17M | ¥35.8 billion | ¥20.8 billion | 0.00% | ¥17K/m² |
| 35 | Yamagata Village Nagano |
¥55.9 billion | $353.80M | ¥37.6 billion | ¥18.3 billion | 0.00% | ¥22K/m² |
| 36 | Matsukawa Village Nagano |
¥53.2 billion | $336.61M | ¥36.3 billion | ¥16.8 billion | 0.00% | ¥17K/m² |
| 37 | Iijima Town Nagano |
¥51.5 billion | $326.16M | ¥29.4 billion | ¥22.1 billion | 0.00% | ¥10K/m² |
| 38 | Sakuho Town Nagano |
¥49.1 billion | $311.26M | ¥32.4 billion | ¥16.8 billion | 0.00% | ¥18K/m² |
| 39 | Shinano Town Nagano |
¥48.2 billion | $305.48M | ¥22.3 billion | ¥25.9 billion | 0.00% | ¥8,668/m² |
| 40 | Iizuna Town Nagano |
¥45.8 billion | $290.10M | ¥26.1 billion | ¥19.8 billion | 0.00% | ¥9,122/m² |
| 41 | Hara Village Nagano |
¥44.2 billion | $280.10M | ¥26.2 billion | ¥18.1 billion | 0.00% | ¥15K/m² |
| 42 | Ikeda Town Nagano |
¥41.2 billion | $260.63M | ¥24.6 billion | ¥16.5 billion | 0.00% | ¥11K/m² |
| 43 | Tateshina Town Nagano |
¥38.5 billion | $243.55M | ¥17.0 billion | ¥21.5 billion | 0.00% | ¥11K/m² |
| 44 | Takayama Village Nagano |
¥33.0 billion | $208.79M | ¥21.5 billion | ¥11.5 billion | 0.00% | ¥18K/m² |
| 45 | Minamimaki Village Nagano |
¥32.5 billion | $205.93M | ¥18.8 billion | ¥13.7 billion | 0.00% | ¥8,270/m² |
| 46 | Toyooka Village Nagano |
¥30.8 billion | $195.11M | ¥16.8 billion | ¥14.0 billion | 0.00% | ¥12K/m² |
| 47 | Achi Village Nagano |
¥27.7 billion | $175.59M | ¥13.2 billion | ¥14.6 billion | 0.00% | ¥4,882/m² |
| 48 | Nagawa Town Nagano |
¥27.5 billion | $173.91M | ¥16.5 billion | ¥11.0 billion | 0.00% | ¥8,500/m² |
| 49 | Asahi Village Nagano |
¥25.4 billion | $160.63M | ¥16.0 billion | ¥9.4 billion | 0.00% | ¥14K/m² |
| 50 | Aoki Village Nagano |
¥24.8 billion | $156.98M | ¥13.9 billion | ¥10.9 billion | 0.00% | ¥15K/m² |
| 51 | Koumi Town Nagano |
¥23.7 billion | $150.39M | ¥14.8 billion | ¥9.0 billion | 0.00% | ¥17K/m² |
| 52 | Takagi Village Nagano |
¥22.7 billion | $144.02M | ¥12.4 billion | ¥10.4 billion | 0.00% | ¥12K/m² |
| 53 | Kawakami Village Nagano |
¥18.8 billion | $118.88M | ¥10.3 billion | ¥8.5 billion | 0.00% | ¥9,250/m² |
| 54 | Nozawaonsen Village Nagano |
¥18.4 billion | $116.69M | ¥7.7 billion | ¥10.8 billion | 0.00% | ¥30K/m² |
| 55 | Agematsu Town Nagano |
¥17.3 billion | $109.62M | ¥10.5 billion | ¥6.8 billion | 0.00% | ¥12K/m² |
| 56 | Otari Village Nagano |
¥16.6 billion | $105.29M | ¥5.8 billion | ¥10.8 billion | 0.00% | ¥7,325/m² |
| 57 | Kijimadaira Village Nagano |
¥15.7 billion | $99.49M | ¥6.7 billion | ¥9.0 billion | 0.00% | ¥4,580/m² |
| 58 | Nagiso Town Nagano |
¥15.6 billion | $98.59M | ¥8.8 billion | ¥6.7 billion | 0.00% | ¥6,523/m² |
| 59 | Chikuhoku Village Nagano |
¥15.3 billion | $96.64M | ¥9.3 billion | ¥6.0 billion | 0.00% | ¥7,247/m² |
| 60 | Nakagawa Village Nagano |
¥15.2 billion | $96.45M | ¥7.3 billion | ¥7.9 billion | 0.00% | ¥4,043/m² |
| 61 | Okuwa Village Nagano |
¥11.2 billion | $70.72M | ¥5.6 billion | ¥5.5 billion | 0.00% | ¥6,260/m² |
| 62 | Shimojo Village Nagano |
¥10.9 billion | $68.89M | ¥5.0 billion | ¥5.9 billion | 0.00% | ¥4,920/m² |
| 63 | Anan Town Nagano |
¥10.8 billion | $68.62M | ¥5.8 billion | ¥5.1 billion | 0.00% | ¥2,995/m² |
| 64 | Kiso Village Nagano |
¥10.0 billion | $63.44M | ¥6.4 billion | ¥3.6 billion | 0.00% | ¥9,900/m² |
| 65 | Omi Village Nagano |
¥9.2 billion | $58.44M | ¥5.7 billion | ¥3.5 billion | 0.00% | ¥9,200/m² |
| 66 | Ogawa Village Nagano |
¥6.2 billion | $39.15M | ¥3.4 billion | ¥2.7 billion | — | ¥7,120/m² |
| 67 | Otaki Village Nagano |
¥5.5 billion | $35.11M | ¥3.9 billion | ¥1.6 billion | — | ¥5,130/m² |
| 68 | Ikusaka Village Nagano |
¥5.3 billion | $33.51M | ¥3.2 billion | ¥2.1 billion | — | ¥6,360/m² |
| 69 | Sakae Village Nagano |
¥4.0 billion | $25.19M | ¥1.4 billion | ¥2.6 billion | — | ¥3,010/m² |
| 70 | Neba Village Nagano |
¥3.1 billion | $19.88M | ¥1.8 billion | ¥1.4 billion | — | ¥4,020/m² |
| 71 | Tenryu Village Nagano |
¥3.1 billion | $19.87M | ¥1.9 billion | ¥1.3 billion | — | ¥4,210/m² |
| 72 | Yasuoka Village Nagano |
¥3.0 billion | $19.08M | ¥1.2 billion | ¥1.8 billion | — | ¥1,770/m² |
| 73 | Minamiaiki Village Nagano |
¥2.6 billion | $16.63M | ¥1.2 billion | ¥1.4 billion | — | ¥3,110/m² |
| 74 | Oshika Village Nagano |
¥2.0 billion | $12.47M | ¥954.6M | ¥1.0 billion | — | ¥1,800/m² |
| 75 | Urugi Village Nagano |
¥1.9 billion | $12.28M | ¥915.1M | ¥1.0 billion | — | ¥2,710/m² |
| 76 | Hiraya Village Nagano |
¥1.8 billion | $11.54M | ¥821.5M | ¥1.0 billion | — | ¥2,420/m² |
| 77 | Kitaaiki Village Nagano |
¥1.4 billion | $9.16M | ¥860.0M | ¥585.7M | — | ¥2,780/m² |
77 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.