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 | Wakayama City Wakayama |
¥3.0 trillion | $18.9B | ¥2.1 trillion | ¥865.7 billion | 0.21% | ¥66K/m² |
| 2 | Tanabe City Wakayama |
¥426.5 billion | $2.7B | ¥302.0 billion | ¥124.5 billion | 0.03% | ¥43K/m² |
| 3 | Kainan City Wakayama |
¥360.6 billion | $2.3B | ¥259.5 billion | ¥101.1 billion | 0.03% | ¥42K/m² |
| 4 | Hashimoto City Wakayama |
¥355.0 billion | $2.2B | ¥241.5 billion | ¥113.4 billion | 0.03% | ¥31K/m² |
| 5 | Iwade City Wakayama |
¥315.5 billion | $2.0B | ¥222.0 billion | ¥93.5 billion | 0.02% | ¥38K/m² |
| 6 | Kinokawa City Wakayama |
¥305.5 billion | $1.9B | ¥197.5 billion | ¥108.0 billion | 0.02% | ¥20K/m² |
| 7 | Arida City Wakayama |
¥167.2 billion | $1.1B | ¥122.1 billion | ¥45.2 billion | 0.01% | ¥30K/m² |
| 8 | Shirahama Town Wakayama |
¥165.6 billion | $1.0B | ¥103.0 billion | ¥62.6 billion | 0.01% | ¥27K/m² |
| 9 | Shingu City Wakayama |
¥161.7 billion | $1.0B | ¥116.6 billion | ¥45.1 billion | 0.01% | ¥35K/m² |
| 10 | Aridagawa Town Wakayama |
¥161.3 billion | $1.0B | ¥110.2 billion | ¥51.1 billion | 0.01% | ¥29K/m² |
| 11 | Gobo City Wakayama |
¥153.3 billion | $970.87M | ¥105.0 billion | ¥48.3 billion | 0.01% | ¥23K/m² |
| 12 | Kamitonda Town Wakayama |
¥89.4 billion | $565.93M | ¥58.8 billion | ¥30.6 billion | 0.01% | ¥30K/m² |
| 13 | Katsuragi Town Wakayama |
¥88.6 billion | $561.03M | ¥59.5 billion | ¥29.1 billion | 0.01% | ¥20K/m² |
| 14 | Minabe Town Wakayama |
¥75.8 billion | $480.04M | ¥50.2 billion | ¥25.6 billion | 0.01% | ¥25K/m² |
| 15 | Nachikatsuura Town Wakayama |
¥67.7 billion | $428.63M | ¥41.4 billion | ¥26.2 billion | 0.01% | ¥22K/m² |
| 16 | Kushimoto Town Wakayama |
¥66.9 billion | $423.53M | ¥44.2 billion | ¥22.6 billion | 0.01% | ¥26K/m² |
| 17 | Yuasa Town Wakayama |
¥52.0 billion | $329.37M | ¥35.9 billion | ¥16.1 billion | 0.00% | ¥27K/m² |
| 18 | Innami Town Wakayama |
¥39.5 billion | $250.34M | ¥24.0 billion | ¥15.5 billion | 0.00% | ¥17K/m² |
| 19 | Kimino Town Wakayama |
¥37.8 billion | $239.62M | ¥24.7 billion | ¥13.1 billion | 0.00% | ¥17K/m² |
| 20 | Hidaka Town Wakayama |
¥36.8 billion | $233.13M | ¥23.0 billion | ¥13.8 billion | 0.00% | ¥19K/m² |
| 21 | Hidakagawa Town Wakayama |
¥36.7 billion | $232.35M | ¥19.3 billion | ¥17.4 billion | 0.00% | ¥14K/m² |
| 22 | Hirogawa Town Wakayama |
¥31.9 billion | $202.20M | ¥21.1 billion | ¥10.8 billion | 0.00% | ¥22K/m² |
| 23 | Mihama Town Wakayama |
¥30.6 billion | $193.54M | ¥20.4 billion | ¥10.1 billion | 0.00% | ¥20K/m² |
| 24 | Yura Town Wakayama |
¥26.8 billion | $169.55M | ¥17.2 billion | ¥9.6 billion | 0.00% | ¥18K/m² |
| 25 | Susami Town Wakayama |
¥18.3 billion | $116.04M | ¥12.3 billion | ¥6.0 billion | 0.00% | ¥14K/m² |
| 26 | Kudoyama Town Wakayama |
¥17.6 billion | $111.57M | ¥12.5 billion | ¥5.2 billion | 0.00% | ¥18K/m² |
| 27 | Koya Town Wakayama |
¥10.7 billion | $67.76M | ¥7.4 billion | ¥3.3 billion | 0.00% | ¥18K/m² |
| 28 | Taiji Town Wakayama |
¥10.6 billion | $66.90M | ¥6.6 billion | ¥4.0 billion | 0.00% | ¥16K/m² |
| 29 | Kozagawa Town Wakayama |
¥8.7 billion | $54.83M | ¥6.4 billion | ¥2.3 billion | 0.00% | ¥12K/m² |
| 30 | Kitayama Village Wakayama |
¥734.9M | $4.65M | ¥530.4M | ¥204.5M | — | ¥7,800/m² |
30 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.