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 | Naha City Okinawa |
¥4.3 trillion | $27.3B | ¥3.4 trillion | ¥936.4 billion | 0.31% | ¥232K/m² |
| 2 | Okinawa City Okinawa |
¥1.5 trillion | $9.2B | ¥1.1 trillion | ¥322.6 billion | 0.10% | ¥89K/m² |
| 3 | Urasoe City Okinawa |
¥1.4 trillion | $8.9B | ¥1.1 trillion | ¥313.4 billion | 0.10% | ¥164K/m² |
| 4 | Ginowan City Okinawa |
¥1.1 trillion | $7.2B | ¥900.5 billion | ¥237.1 billion | 0.08% | ¥147K/m² |
| 5 | Uruma City Okinawa |
¥938.9 billion | $6.0B | ¥660.2 billion | ¥278.7 billion | 0.07% | ¥55K/m² |
| 6 | Tomigusuku City Okinawa |
¥651.0 billion | $4.1B | ¥482.6 billion | ¥168.4 billion | 0.05% | ¥123K/m² |
| 7 | Chatan Town Okinawa |
¥631.6 billion | $4.0B | ¥515.4 billion | ¥116.2 billion | 0.04% | ¥175K/m² |
| 8 | Itoman City Okinawa |
¥556.7 billion | $3.5B | ¥406.2 billion | ¥150.4 billion | 0.04% | ¥70K/m² |
| 9 | Yomitan Village Okinawa |
¥479.4 billion | $3.0B | ¥369.9 billion | ¥109.5 billion | 0.03% | ¥80K/m² |
| 10 | Ishigaki City Okinawa |
¥448.3 billion | $2.9B | ¥305.0 billion | ¥143.2 billion | 0.03% | ¥52K/m² |
| 11 | Nago City Okinawa |
¥417.0 billion | $2.7B | ¥249.2 billion | ¥167.8 billion | 0.03% | ¥36K/m² |
| 12 | Miyakojima City Okinawa |
¥392.8 billion | $2.5B | ¥244.7 billion | ¥148.1 billion | 0.03% | ¥28K/m² |
| 13 | Haebaru Town Okinawa |
¥370.5 billion | $2.4B | ¥277.6 billion | ¥92.9 billion | 0.03% | ¥118K/m² |
| 14 | Nishihara Town Okinawa |
¥343.4 billion | $2.2B | ¥268.4 billion | ¥75.0 billion | 0.03% | ¥110K/m² |
| 15 | Nanjo City Okinawa |
¥294.6 billion | $1.9B | ¥197.7 billion | ¥96.9 billion | 0.02% | ¥49K/m² |
| 16 | Kadena Town Okinawa |
¥272.3 billion | $1.7B | ¥246.4 billion | ¥25.9 billion | 0.02% | ¥88K/m² |
| 17 | Kitanakagusuku Village Okinawa |
¥250.5 billion | $1.6B | ¥189.2 billion | ¥61.4 billion | 0.02% | ¥93K/m² |
| 18 | Yaese Town Okinawa |
¥236.8 billion | $1.5B | ¥171.0 billion | ¥65.8 billion | 0.02% | ¥76K/m² |
| 19 | Nakagusuku Village Okinawa |
¥211.5 billion | $1.3B | ¥160.6 billion | ¥50.9 billion | 0.01% | ¥99K/m² |
| 20 | Yonabaru Town Okinawa |
¥142.3 billion | $905.10M | ¥101.3 billion | ¥41.0 billion | 0.01% | ¥86K/m² |
| 21 | Onna Village Okinawa |
¥133.3 billion | $847.49M | ¥54.5 billion | ¥78.7 billion | 0.01% | ¥42K/m² |
| 22 | Motobu Town Okinawa |
¥94.9 billion | $603.23M | ¥49.9 billion | ¥45.0 billion | 0.01% | ¥21K/m² |
| 23 | Kin Town Okinawa |
¥72.9 billion | $463.91M | ¥43.6 billion | ¥29.3 billion | 0.01% | ¥31K/m² |
| 24 | Nakijin Village Okinawa |
¥50.3 billion | $319.61M | ¥28.8 billion | ¥21.5 billion | 0.00% | ¥13K/m² |
| 25 | Kumejima Town Okinawa |
¥28.5 billion | $181.13M | ¥15.0 billion | ¥13.5 billion | 0.00% | ¥9,305/m² |
| 26 | Ginoza Village Okinawa |
¥27.7 billion | $176.09M | ¥12.2 billion | ¥15.5 billion | 0.00% | ¥20K/m² |
| 27 | Taketomi Town Okinawa |
¥23.9 billion | $151.92M | ¥11.9 billion | ¥12.0 billion | 0.00% | ¥8,450/m² |
| 28 | Ie Village Okinawa |
¥18.0 billion | $114.44M | ¥10.0 billion | ¥8.0 billion | 0.00% | ¥10K/m² |
| 29 | Kunigami Village Okinawa |
¥17.4 billion | $110.38M | ¥8.4 billion | ¥9.0 billion | 0.00% | ¥7,587/m² |
| 30 | Ogimi Village Okinawa |
¥10.1 billion | $63.99M | ¥4.6 billion | ¥5.4 billion | 0.00% | ¥11K/m² |
| 31 | Yonaguni Town Okinawa |
¥6.0 billion | $38.21M | ¥3.1 billion | ¥3.0 billion | — | ¥8,200/m² |
| 32 | Higashi Village Okinawa |
¥4.3 billion | $27.44M | ¥1.8 billion | ¥2.5 billion | — | ¥4,400/m² |
| 33 | Zamami Village Okinawa |
¥3.6 billion | $23.11M | ¥1.7 billion | ¥2.0 billion | — | ¥14K/m² |
| 34 | Tarama Village Okinawa |
¥3.4 billion | $21.71M | ¥1.9 billion | ¥1.5 billion | — | ¥6,290/m² |
| 35 | Izena Village Okinawa |
¥3.2 billion | $20.50M | ¥1.3 billion | ¥1.9 billion | — | ¥3,185/m² |
| 36 | Minamidaito Village Okinawa |
¥3.2 billion | $20.30M | ¥2.0 billion | ¥1.2 billion | — | ¥5,300/m² |
| 37 | Tokashiki Village Okinawa |
¥2.7 billion | $17.33M | ¥1.5 billion | ¥1.2 billion | — | ¥13K/m² |
| 38 | Aguni Village Okinawa |
¥2.0 billion | $13.03M | ¥809.6M | ¥1.2 billion | — | ¥1,960/m² |
| 39 | Iheya Village Okinawa |
¥2.0 billion | $12.91M | ¥788.7M | ¥1.2 billion | — | ¥2,445/m² |
| 40 | Kitadaito Village Okinawa |
¥805.8M | $5.12M | ¥307.1M | ¥498.7M | — | ¥1,530/m² |
| 41 | Tonaki Village Okinawa |
¥560.2M | $3.56M | ¥231.9M | ¥328.3M | — | ¥1,470/m² |
41 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.