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 | Tokushima City Tokushima |
¥2.3 trillion | $14.6B | ¥1.6 trillion | ¥670.9 billion | 0.17% | ¥74K/m² |
| 2 | Anan City Tokushima |
¥525.9 billion | $3.3B | ¥321.7 billion | ¥204.2 billion | 0.04% | ¥31K/m² |
| 3 | Naruto City Tokushima |
¥396.7 billion | $2.5B | ¥258.0 billion | ¥138.7 billion | 0.03% | ¥30K/m² |
| 4 | Aizumi Town Tokushima |
¥266.5 billion | $1.7B | ¥191.8 billion | ¥74.7 billion | 0.02% | ¥47K/m² |
| 5 | Komatsushima City Tokushima |
¥243.1 billion | $1.5B | ¥171.4 billion | ¥71.7 billion | 0.02% | ¥30K/m² |
| 6 | Yoshinogawa City Tokushima |
¥230.5 billion | $1.5B | ¥160.6 billion | ¥69.9 billion | 0.02% | ¥22K/m² |
| 7 | Kitajima Town Tokushima |
¥206.8 billion | $1.3B | ¥147.7 billion | ¥59.1 billion | 0.01% | ¥50K/m² |
| 8 | Awa City Tokushima |
¥186.5 billion | $1.2B | ¥120.8 billion | ¥65.6 billion | 0.01% | ¥11K/m² |
| 9 | Ishii Town Tokushima |
¥147.2 billion | $932.20M | ¥101.8 billion | ¥45.4 billion | 0.01% | ¥31K/m² |
| 10 | Mima City Tokushima |
¥141.0 billion | $892.85M | ¥92.0 billion | ¥48.9 billion | 0.01% | ¥14K/m² |
| 11 | Matsushige Town Tokushima |
¥131.4 billion | $831.97M | ¥83.7 billion | ¥47.7 billion | 0.01% | ¥36K/m² |
| 12 | Miyoshi City Tokushima |
¥99.1 billion | $627.39M | ¥63.4 billion | ¥35.7 billion | 0.01% | ¥17K/m² |
| 13 | Itano Town Tokushima |
¥76.5 billion | $484.71M | ¥45.8 billion | ¥30.8 billion | 0.01% | ¥16K/m² |
| 14 | Higashimiyoshi Town Tokushima |
¥58.8 billion | $372.33M | ¥36.7 billion | ¥22.1 billion | 0.00% | ¥18K/m² |
| 15 | Kamiita Town Tokushima |
¥58.0 billion | $367.52M | ¥37.0 billion | ¥21.0 billion | 0.00% | ¥13K/m² |
| 16 | Tsurugi Town Tokushima |
¥33.0 billion | $208.74M | ¥20.4 billion | ¥12.6 billion | 0.00% | ¥14K/m² |
| 17 | Kaiyo Town Tokushima |
¥31.6 billion | $200.22M | ¥20.6 billion | ¥11.0 billion | 0.00% | ¥11K/m² |
| 18 | Naka Town Tokushima |
¥25.3 billion | $160.43M | ¥14.0 billion | ¥11.4 billion | 0.00% | ¥7,466/m² |
| 19 | Minami Town Tokushima |
¥20.1 billion | $127.42M | ¥11.4 billion | ¥8.7 billion | 0.00% | ¥15K/m² |
| 20 | Katsuura Town Tokushima |
¥18.9 billion | $119.58M | ¥11.1 billion | ¥7.8 billion | 0.00% | ¥13K/m² |
| 21 | Kamiyama Town Tokushima |
¥14.3 billion | $90.51M | ¥8.8 billion | ¥5.5 billion | 0.00% | ¥11K/m² |
| 22 | Mugi Town Tokushima |
¥12.7 billion | $80.67M | ¥7.8 billion | ¥5.0 billion | 0.00% | ¥14K/m² |
| 23 | Sanagochi Village Tokushima |
¥6.2 billion | $39.20M | ¥3.2 billion | ¥3.0 billion | — | ¥9,725/m² |
| 24 | Kamikatsu Town Tokushima |
¥2.3 billion | $14.70M | ¥1.2 billion | ¥1.2 billion | — | ¥5,200/m² |
24 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.