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 | Okayama City Okayama |
¥6.7 trillion | $42.7B | ¥4.9 trillion | ¥1.8 trillion | 0.48% | ¥66K/m² |
| 2 | Kurashiki City Okayama |
¥4.1 trillion | $26.2B | ¥3.1 trillion | ¥1.1 trillion | 0.30% | ¥51K/m² |
| 3 | Tsuyama City Okayama |
¥624.1 billion | $4.0B | ¥409.6 billion | ¥214.6 billion | 0.04% | ¥20K/m² |
| 4 | Soja City Okayama |
¥484.3 billion | $3.1B | ¥344.0 billion | ¥140.3 billion | 0.04% | ¥38K/m² |
| 5 | Kasaoka City Okayama |
¥386.2 billion | $2.5B | ¥283.1 billion | ¥103.2 billion | 0.03% | ¥30K/m² |
| 6 | Tamano City Okayama |
¥360.6 billion | $2.3B | ¥259.8 billion | ¥100.8 billion | 0.03% | ¥30K/m² |
| 7 | Setouchi City Okayama |
¥277.3 billion | $1.8B | ¥182.1 billion | ¥95.2 billion | 0.02% | ¥21K/m² |
| 8 | Akaiwa City Okayama |
¥240.5 billion | $1.5B | ¥155.9 billion | ¥84.7 billion | 0.02% | ¥15K/m² |
| 9 | Maniwa City Okayama |
¥217.1 billion | $1.4B | ¥131.6 billion | ¥85.4 billion | 0.02% | ¥12K/m² |
| 10 | Asakuchi City Okayama |
¥210.7 billion | $1.3B | ¥148.9 billion | ¥61.9 billion | 0.01% | ¥29K/m² |
| 11 | Ibara City Okayama |
¥207.9 billion | $1.3B | ¥138.7 billion | ¥69.1 billion | 0.01% | ¥17K/m² |
| 12 | Bizen City Okayama |
¥206.1 billion | $1.3B | ¥132.8 billion | ¥73.2 billion | 0.01% | ¥18K/m² |
| 13 | Hayashima Town Okayama |
¥149.1 billion | $948.19M | ¥108.7 billion | ¥40.4 billion | 0.01% | ¥56K/m² |
| 14 | Takahashi City Okayama |
¥141.4 billion | $899.15M | ¥88.8 billion | ¥52.6 billion | 0.01% | ¥16K/m² |
| 15 | Niimi City Okayama |
¥134.1 billion | $852.60M | ¥88.6 billion | ¥45.5 billion | 0.01% | ¥12K/m² |
| 16 | Mimasaka City Okayama |
¥126.5 billion | $804.47M | ¥68.7 billion | ¥57.8 billion | 0.01% | ¥7,128/m² |
| 17 | Shoo Town Okayama |
¥84.9 billion | $540.01M | ¥49.1 billion | ¥35.8 billion | 0.01% | ¥21K/m² |
| 18 | Yakage Town Okayama |
¥80.4 billion | $511.20M | ¥51.8 billion | ¥28.5 billion | 0.01% | ¥15K/m² |
| 19 | Satosho Town Okayama |
¥75.9 billion | $482.47M | ¥52.9 billion | ¥23.0 billion | 0.01% | ¥29K/m² |
| 20 | Wake Town Okayama |
¥72.3 billion | $459.78M | ¥47.8 billion | ¥24.5 billion | 0.01% | ¥10K/m² |
| 21 | Kagamino Town Okayama |
¥61.6 billion | $391.97M | ¥35.4 billion | ¥26.2 billion | 0.00% | ¥6,217/m² |
| 22 | Misaki Town Okayama |
¥48.1 billion | $305.84M | ¥26.2 billion | ¥21.9 billion | 0.00% | ¥5,420/m² |
| 23 | Kibichuo Town Okayama |
¥47.9 billion | $304.71M | ¥22.9 billion | ¥25.0 billion | 0.00% | ¥4,560/m² |
| 24 | Nagi Town Okayama |
¥24.1 billion | $153.42M | ¥13.7 billion | ¥10.4 billion | 0.00% | ¥6,015/m² |
| 25 | Kumenan Town Okayama |
¥17.1 billion | $108.61M | ¥10.2 billion | ¥6.9 billion | 0.00% | ¥7,205/m² |
| 26 | Nishiawakura Village Okayama |
¥4.3 billion | $27.14M | ¥2.0 billion | ¥2.3 billion | — | ¥3,740/m² |
| 27 | Shinjo Village Okayama |
¥2.1 billion | $13.15M | ¥1.3 billion | ¥773.2M | — | ¥3,905/m² |
27 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.