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 | Tokyo 23 wards Tokyo |
¥274.2 trillion | $1.7T | ¥236.3 trillion | ¥37.9 trillion | 19.7% | ¥852K/m² |
| 2 | Hachioji City Tokyo |
¥5.9 trillion | $37.2B | ¥4.5 trillion | ¥1.3 trillion | 0.42% | ¥136K/m² |
| 3 | Machida City Tokyo |
¥4.9 trillion | $31.3B | ¥4.0 trillion | ¥898.9 billion | 0.35% | ¥170K/m² |
| 4 | Fuchu City Tokyo |
¥4.3 trillion | $27.5B | ¥3.6 trillion | ¥694.8 billion | 0.31% | ¥357K/m² |
| 5 | Musashino City Tokyo |
¥4.3 trillion | $27.4B | ¥3.9 trillion | ¥426.5 billion | 0.31% | ¥673K/m² |
| 6 | Chofu City Tokyo |
¥3.8 trillion | $24.0B | ¥3.2 trillion | ¥544.1 billion | 0.27% | ¥428K/m² |
| 7 | Mitaka City Tokyo |
¥3.6 trillion | $23.0B | ¥3.2 trillion | ¥414.5 billion | 0.26% | ¥486K/m² |
| 8 | Tachikawa City Tokyo |
¥3.3 trillion | $21.0B | ¥2.8 trillion | ¥526.5 billion | 0.24% | ¥309K/m² |
| 9 | Nishitokyo City Tokyo |
¥2.8 trillion | $17.9B | ¥2.4 trillion | ¥413.0 billion | 0.20% | ¥324K/m² |
| 10 | Kodaira City Tokyo |
¥2.6 trillion | $16.6B | ¥2.2 trillion | ¥372.1 billion | 0.19% | ¥259K/m² |
| 11 | Hino City Tokyo |
¥2.4 trillion | $15.3B | ¥2.0 trillion | ¥404.5 billion | 0.17% | ¥222K/m² |
| 12 | Koganei City Tokyo |
¥2.1 trillion | $13.5B | ¥1.9 trillion | ¥249.1 billion | 0.15% | ¥392K/m² |
| 13 | Kokubunji City Tokyo |
¥2.0 trillion | $12.6B | ¥1.7 trillion | ¥285.5 billion | 0.14% | ¥346K/m² |
| 14 | Tama City Tokyo |
¥1.8 trillion | $11.6B | ¥1.3 trillion | ¥475.5 billion | 0.13% | ¥200K/m² |
| 15 | Higashimurayama City Tokyo |
¥1.6 trillion | $9.9B | ¥1.3 trillion | ¥260.8 billion | 0.11% | ¥210K/m² |
| 16 | Akishima City Tokyo |
¥1.5 trillion | $9.7B | ¥1.3 trillion | ¥265.9 billion | 0.11% | ¥210K/m² |
| 17 | Higashikurume City Tokyo |
¥1.5 trillion | $9.4B | ¥1.3 trillion | ¥207.2 billion | 0.11% | ¥229K/m² |
| 18 | Oume City Tokyo |
¥1.4 trillion | $8.9B | ¥1.1 trillion | ¥299.6 billion | 0.10% | ¥96K/m² |
| 19 | Kunitachi City Tokyo |
¥1.3 trillion | $8.4B | ¥1.1 trillion | ¥178.4 billion | 0.10% | ¥422K/m² |
| 20 | Inagi City Tokyo |
¥1.3 trillion | $8.3B | ¥1.1 trillion | ¥214.6 billion | 0.09% | ¥268K/m² |
| 21 | Komae City Tokyo |
¥1.2 trillion | $7.4B | ¥1.0 trillion | ¥139.1 billion | 0.08% | ¥388K/m² |
| 22 | Higashiyamato City Tokyo |
¥891.8 billion | $5.7B | ¥737.3 billion | ¥154.5 billion | 0.06% | ¥180K/m² |
| 23 | Akiruno City Tokyo |
¥846.6 billion | $5.4B | ¥691.1 billion | ¥155.4 billion | 0.06% | ¥95K/m² |
| 24 | Hamura City Tokyo |
¥804.7 billion | $5.1B | ¥673.8 billion | ¥130.8 billion | 0.06% | ¥147K/m² |
| 25 | Kiyose City Tokyo |
¥747.2 billion | $4.8B | ¥624.4 billion | ¥122.8 billion | 0.05% | ¥206K/m² |
| 26 | Musashimurayama City Tokyo |
¥739.2 billion | $4.7B | ¥610.9 billion | ¥128.3 billion | 0.05% | ¥127K/m² |
| 27 | Fussa City Tokyo |
¥611.4 billion | $3.9B | ¥508.1 billion | ¥103.4 billion | 0.04% | ¥173K/m² |
| 28 | Mizuho Town Tokyo |
¥498.5 billion | $3.2B | ¥401.9 billion | ¥96.6 billion | 0.04% | ¥99K/m² |
| 29 | Hinode Town Tokyo |
¥189.5 billion | $1.2B | ¥148.8 billion | ¥40.7 billion | 0.01% | ¥78K/m² |
| 30 | Hachijo Town Tokyo |
¥37.1 billion | $236.16M | ¥26.6 billion | ¥10.6 billion | 0.00% | ¥8,825/m² |
| 31 | Oshima Town Tokyo |
¥30.1 billion | $191.31M | ¥21.9 billion | ¥8.2 billion | 0.00% | ¥7,740/m² |
| 32 | Okutama Town Tokyo |
¥22.1 billion | $140.57M | ¥16.5 billion | ¥5.6 billion | 0.00% | ¥26K/m² |
| 33 | Miyake Village Tokyo |
¥9.3 billion | $59.38M | ¥6.5 billion | ¥2.8 billion | 0.00% | ¥8,050/m² |
| 34 | Hinohara Village Tokyo |
¥9.3 billion | $59.29M | ¥7.0 billion | ¥2.4 billion | 0.00% | ¥19K/m² |
| 35 | Niijima Village Tokyo |
¥8.9 billion | $56.68M | ¥4.5 billion | ¥4.4 billion | 0.00% | ¥6,200/m² |
| 36 | Ogasawara Village Tokyo |
¥8.4 billion | $53.73M | ¥6.0 billion | ¥2.4 billion | 0.00% | ¥26K/m² |
| 37 | Kozushima Village Tokyo |
¥4.2 billion | $26.87M | ¥1.8 billion | ¥2.4 billion | — | ¥6,975/m² |
| 38 | Toshima Village Tokyo |
¥568.4M | $3.61M | ¥234.3M | ¥334.2M | — | — |
| 39 | Aogashima Village Tokyo |
¥383.3M | $2.44M | ¥223.1M | ¥160.2M | — | — |
| 40 | Mikurajima Village Tokyo |
¥381.0M | $2.42M | ¥150.9M | ¥230.1M | — | — |
40 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.