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 | Otsu City Shiga |
¥2.9 trillion | $18.2B | ¥2.1 trillion | ¥776.9 billion | 0.21% | ¥83K/m² |
| 2 | Kusatsu City Shiga |
¥1.5 trillion | $9.4B | ¥1.1 trillion | ¥403.2 billion | 0.11% | ¥123K/m² |
| 3 | Hikone City Shiga |
¥889.6 billion | $5.7B | ¥595.7 billion | ¥293.8 billion | 0.06% | ¥42K/m² |
| 4 | Nagahama City Shiga |
¥861.9 billion | $5.5B | ¥577.7 billion | ¥284.1 billion | 0.06% | ¥24K/m² |
| 5 | Moriyama City Shiga |
¥821.2 billion | $5.2B | ¥613.8 billion | ¥207.4 billion | 0.06% | ¥98K/m² |
| 6 | Higashiomi City Shiga |
¥798.6 billion | $5.1B | ¥489.2 billion | ¥309.4 billion | 0.06% | ¥29K/m² |
| 7 | Ritto City Shiga |
¥779.8 billion | $5.0B | ¥581.1 billion | ¥198.8 billion | 0.06% | ¥79K/m² |
| 8 | Koka City Shiga |
¥654.4 billion | $4.2B | ¥395.4 billion | ¥259.1 billion | 0.05% | ¥22K/m² |
| 9 | Omihachiman City Shiga |
¥637.5 billion | $4.1B | ¥447.1 billion | ¥190.3 billion | 0.05% | ¥50K/m² |
| 10 | Yasu City Shiga |
¥477.6 billion | $3.0B | ¥325.3 billion | ¥152.3 billion | 0.03% | ¥68K/m² |
| 11 | Konan City Shiga |
¥468.2 billion | $3.0B | ¥321.8 billion | ¥146.4 billion | 0.03% | ¥37K/m² |
| 12 | Takashima City Shiga |
¥269.5 billion | $1.7B | ¥172.1 billion | ¥97.4 billion | 0.02% | ¥16K/m² |
| 13 | Maibara City Shiga |
¥264.6 billion | $1.7B | ¥162.7 billion | ¥101.9 billion | 0.02% | ¥27K/m² |
| 14 | Hino Town Shiga |
¥158.3 billion | $1.0B | ¥90.6 billion | ¥67.7 billion | 0.01% | ¥16K/m² |
| 15 | Aisho Town Shiga |
¥150.3 billion | $956.00M | ¥90.9 billion | ¥59.4 billion | 0.01% | ¥22K/m² |
| 16 | Ryuo Town Shiga |
¥127.3 billion | $809.61M | ¥66.5 billion | ¥60.8 billion | 0.01% | ¥23K/m² |
| 17 | Taga Town Shiga |
¥76.9 billion | $489.01M | ¥41.0 billion | ¥35.9 billion | 0.01% | ¥17K/m² |
| 18 | Toyosato Town Shiga |
¥46.6 billion | $296.10M | ¥26.6 billion | ¥20.0 billion | 0.00% | ¥15K/m² |
| 19 | Koura Town Shiga |
¥34.5 billion | $219.34M | ¥18.7 billion | ¥15.8 billion | 0.00% | ¥9,800/m² |
19 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.