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 | Oita City Oita |
¥4.0 trillion | $25.4B | ¥2.8 trillion | ¥1.2 trillion | 0.29% | ¥66K/m² |
| 2 | Beppu City Oita |
¥774.3 billion | $4.9B | ¥482.3 billion | ¥292.0 billion | 0.06% | ¥45K/m² |
| 3 | Nakatsu City Oita |
¥504.5 billion | $3.2B | ¥303.9 billion | ¥200.6 billion | 0.04% | ¥17K/m² |
| 4 | Hita City Oita |
¥371.7 billion | $2.4B | ¥241.8 billion | ¥129.9 billion | 0.03% | ¥19K/m² |
| 5 | Saiki City Oita |
¥348.1 billion | $2.2B | ¥213.8 billion | ¥134.3 billion | 0.03% | ¥17K/m² |
| 6 | Yufu City Oita |
¥236.2 billion | $1.5B | ¥158.0 billion | ¥78.1 billion | 0.02% | ¥23K/m² |
| 7 | Usa City Oita |
¥236.2 billion | $1.5B | ¥132.5 billion | ¥103.7 billion | 0.02% | ¥9,867/m² |
| 8 | Usuki City Oita |
¥176.6 billion | $1.1B | ¥113.2 billion | ¥63.4 billion | 0.01% | ¥24K/m² |
| 9 | Hiji Town Oita |
¥152.4 billion | $965.48M | ¥95.5 billion | ¥56.9 billion | 0.01% | ¥28K/m² |
| 10 | Bungoono City Oita |
¥131.5 billion | $832.87M | ¥75.6 billion | ¥55.9 billion | 0.01% | ¥9,084/m² |
| 11 | Kitsuki City Oita |
¥130.4 billion | $825.92M | ¥78.6 billion | ¥51.8 billion | 0.01% | ¥13K/m² |
| 12 | Kunisaki City Oita |
¥107.7 billion | $682.07M | ¥54.0 billion | ¥53.7 billion | 0.01% | ¥8,431/m² |
| 13 | Bungotakada City Oita |
¥92.6 billion | $586.23M | ¥46.7 billion | ¥45.8 billion | 0.01% | ¥8,648/m² |
| 14 | Tsukumi City Oita |
¥76.4 billion | $483.69M | ¥47.3 billion | ¥29.1 billion | 0.01% | ¥21K/m² |
| 15 | Taketa City Oita |
¥67.3 billion | $425.95M | ¥35.7 billion | ¥31.6 billion | 0.01% | ¥11K/m² |
| 16 | Kusu Town Oita |
¥66.2 billion | $419.38M | ¥41.1 billion | ¥25.1 billion | 0.01% | ¥20K/m² |
| 17 | Kokonoe Town Oita |
¥35.7 billion | $226.13M | ¥16.4 billion | ¥19.3 billion | 0.00% | ¥5,100/m² |
| 18 | Himeshima Village Oita |
¥4.9 billion | $31.19M | ¥2.7 billion | ¥2.3 billion | — | ¥8,670/m² |
18 areas · calculated Nov 3, 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.