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 | Niigata City Niigata |
¥6.6 trillion | $42.2B | ¥4.8 trillion | ¥1.8 trillion | 0.48% | ¥56K/m² |
| 2 | Nagaoka City Niigata |
¥1.9 trillion | $11.9B | ¥1.3 trillion | ¥618.3 billion | 0.14% | ¥32K/m² |
| 3 | Joetsu City Niigata |
¥1.2 trillion | $7.6B | ¥753.8 billion | ¥436.3 billion | 0.09% | ¥19K/m² |
| 4 | Sanjo City Niigata |
¥658.1 billion | $4.2B | ¥441.0 billion | ¥217.2 billion | 0.05% | ¥25K/m² |
| 5 | Tsubame City Niigata |
¥588.9 billion | $3.7B | ¥393.5 billion | ¥195.4 billion | 0.04% | ¥29K/m² |
| 6 | Shibata City Niigata |
¥560.0 billion | $3.6B | ¥365.7 billion | ¥194.3 billion | 0.04% | ¥23K/m² |
| 7 | Kashiwazaki City Niigata |
¥556.0 billion | $3.5B | ¥315.5 billion | ¥240.5 billion | 0.04% | ¥19K/m² |
| 8 | Minamiuonuma City Niigata |
¥314.5 billion | $2.0B | ¥162.0 billion | ¥152.5 billion | 0.02% | ¥15K/m² |
| 9 | Murakami City Niigata |
¥292.8 billion | $1.9B | ¥183.7 billion | ¥109.1 billion | 0.02% | ¥14K/m² |
| 10 | Itoigawa City Niigata |
¥250.6 billion | $1.6B | ¥162.5 billion | ¥88.1 billion | 0.02% | ¥22K/m² |
| 11 | Mitsuke City Niigata |
¥249.6 billion | $1.6B | ¥163.5 billion | ¥86.1 billion | 0.02% | ¥23K/m² |
| 12 | Gosen City Niigata |
¥248.8 billion | $1.6B | ¥157.0 billion | ¥91.9 billion | 0.02% | ¥21K/m² |
| 13 | Tokamachi City Niigata |
¥237.7 billion | $1.5B | ¥136.7 billion | ¥101.0 billion | 0.02% | ¥13K/m² |
| 14 | Sado City Niigata |
¥229.9 billion | $1.5B | ¥142.8 billion | ¥87.1 billion | 0.02% | ¥9,931/m² |
| 15 | Agano City Niigata |
¥217.7 billion | $1.4B | ¥134.9 billion | ¥82.8 billion | 0.02% | ¥14K/m² |
| 16 | Ojiya City Niigata |
¥204.2 billion | $1.3B | ¥121.8 billion | ¥82.4 billion | 0.01% | ¥24K/m² |
| 17 | Myoko City Niigata |
¥180.4 billion | $1.1B | ¥88.3 billion | ¥92.1 billion | 0.01% | ¥12K/m² |
| 18 | Seiro Town Niigata |
¥165.8 billion | $1.1B | ¥98.7 billion | ¥67.1 billion | 0.01% | ¥12K/m² |
| 19 | Uonuma City Niigata |
¥164.7 billion | $1.0B | ¥91.7 billion | ¥73.0 billion | 0.01% | ¥11K/m² |
| 20 | Tainai City Niigata |
¥158.0 billion | $1.0B | ¥94.9 billion | ¥63.1 billion | 0.01% | ¥13K/m² |
| 21 | Yuzawa Town Niigata |
¥143.9 billion | $915.12M | ¥33.2 billion | ¥110.7 billion | 0.01% | ¥17K/m² |
| 22 | Kamo City Niigata |
¥118.9 billion | $756.27M | ¥73.4 billion | ¥45.5 billion | 0.01% | ¥22K/m² |
| 23 | Kariwa Village Niigata |
¥60.9 billion | $387.32M | ¥14.8 billion | ¥46.1 billion | 0.00% | ¥13K/m² |
| 24 | Tagami Town Niigata |
¥51.5 billion | $327.71M | ¥33.7 billion | ¥17.8 billion | 0.00% | ¥15K/m² |
| 25 | Yahiko Village Niigata |
¥47.8 billion | $304.21M | ¥30.8 billion | ¥17.1 billion | 0.00% | ¥22K/m² |
| 26 | Aga Town Niigata |
¥37.6 billion | $238.96M | ¥20.6 billion | ¥17.0 billion | 0.00% | ¥6,690/m² |
| 27 | Tsunan Town Niigata |
¥31.7 billion | $201.76M | ¥14.2 billion | ¥17.5 billion | 0.00% | ¥11K/m² |
| 28 | Sekikawa Village Niigata |
¥19.6 billion | $124.38M | ¥11.6 billion | ¥7.9 billion | 0.00% | ¥8,250/m² |
| 29 | Izumozaki Town Niigata |
¥15.3 billion | $97.05M | ¥7.7 billion | ¥7.6 billion | 0.00% | ¥9,025/m² |
| 30 | Awashimaura Village Niigata |
¥1.0 billion | $6.57M | ¥527.5M | ¥506.4M | — | ¥11K/m² |
30 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.