Yamagata: Cities with the largest total real estate value

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	Yamagata City Yamagata	¥2.3 trillion	$14.3B	¥1.7 trillion	¥548.5 billion	0.16%	¥58K/m²
2	Tsuruoka City Yamagata	¥646.9 billion	$4.1B	¥403.7 billion	¥243.2 billion	0.05%	¥17K/m²
3	Sakata City Yamagata	¥579.4 billion	$3.7B	¥368.8 billion	¥210.6 billion	0.04%	¥21K/m²
4	Tendo City Yamagata	¥481.7 billion	$3.1B	¥333.3 billion	¥148.4 billion	0.04%	¥37K/m²
5	Yonezawa City Yamagata	¥441.4 billion	$2.8B	¥266.2 billion	¥175.2 billion	0.03%	¥19K/m²
6	Higashine City Yamagata	¥299.1 billion	$1.9B	¥184.0 billion	¥115.1 billion	0.02%	¥29K/m²
7	Sagae City Yamagata	¥252.7 billion	$1.6B	¥165.4 billion	¥87.3 billion	0.02%	¥27K/m²
8	Shinjo City Yamagata	¥196.7 billion	$1.2B	¥116.3 billion	¥80.4 billion	0.01%	¥23K/m²
9	Kaminoyama City Yamagata	¥192.1 billion	$1.2B	¥111.9 billion	¥80.2 billion	0.01%	¥24K/m²
10	Nan-yo City Yamagata	¥163.8 billion	$1.0B	¥106.3 billion	¥57.5 billion	0.01%	¥19K/m²
11	Nagai City Yamagata	¥130.2 billion	$824.44M	¥79.6 billion	¥50.6 billion	0.01%	¥16K/m²
12	Murayama City Yamagata	¥104.5 billion	$661.53M	¥63.6 billion	¥40.9 billion	0.01%	¥18K/m²
13	Takahata Town Yamagata	¥101.1 billion	$640.14M	¥62.4 billion	¥38.6 billion	0.01%	¥15K/m²
14	Kahoku Town Yamagata	¥93.5 billion	$592.26M	¥57.8 billion	¥35.7 billion	0.01%	¥19K/m²
15	Shonai Town Yamagata	¥78.1 billion	$494.86M	¥47.0 billion	¥31.1 billion	0.01%	¥11K/m²
16	Yamanobe Town Yamagata	¥68.3 billion	$432.74M	¥48.7 billion	¥19.7 billion	0.01%	¥22K/m²
17	Obanazawa City Yamagata	¥66.5 billion	$421.23M	¥37.8 billion	¥28.7 billion	0.01%	¥12K/m²
18	Kawanishi Town Yamagata	¥54.6 billion	$345.97M	¥30.3 billion	¥24.3 billion	0.00%	¥9,062/m²
19	Nakayama Town Yamagata	¥53.0 billion	$335.58M	¥36.4 billion	¥16.6 billion	0.00%	¥19K/m²
20	Yuza Town Yamagata	¥51.9 billion	$328.52M	¥29.6 billion	¥22.2 billion	0.00%	¥9,898/m²
21	Shirataka Town Yamagata	¥50.7 billion	$321.39M	¥28.8 billion	¥21.9 billion	0.00%	¥8,482/m²
22	Mikawa Town Yamagata	¥47.2 billion	$298.79M	¥26.5 billion	¥20.7 billion	0.00%	¥12K/m²
23	Oguni Town Yamagata	¥30.3 billion	$191.96M	¥12.4 billion	¥17.9 billion	0.00%	¥10K/m²
24	Oe Town Yamagata	¥29.8 billion	$188.87M	¥16.5 billion	¥13.3 billion	0.00%	¥10K/m²
25	Mogami Town Yamagata	¥28.3 billion	$179.24M	¥14.0 billion	¥14.3 billion	0.00%	¥6,670/m²
26	Oishida Town Yamagata	¥24.9 billion	$157.47M	¥14.3 billion	¥10.6 billion	0.00%	¥9,544/m²
27	Iide Town Yamagata	¥24.5 billion	$155.23M	¥11.9 billion	¥12.6 billion	0.00%	¥3,997/m²
28	Asahi Town Yamagata	¥20.3 billion	$128.83M	¥12.1 billion	¥8.2 billion	0.00%	¥7,570/m²
29	Mamurogawa Town Yamagata	¥20.1 billion	$127.29M	¥10.1 billion	¥10.0 billion	0.00%	¥7,824/m²
30	Nishikawa Town Yamagata	¥15.5 billion	$98.45M	¥8.0 billion	¥7.5 billion	0.00%	¥4,940/m²
31	Kaneyama Town Yamagata	¥14.7 billion	$92.85M	¥7.7 billion	¥7.0 billion	0.00%	¥6,500/m²
32	Funagata Town Yamagata	¥14.4 billion	$91.23M	¥7.0 billion	¥7.4 billion	0.00%	¥6,633/m²
33	Tozawa Village Yamagata	¥11.6 billion	$73.38M	¥5.4 billion	¥6.2 billion	0.00%	¥3,000/m²
34	Sakegawa Village Yamagata	¥11.3 billion	$71.75M	¥5.4 billion	¥6.0 billion	0.00%	¥3,357/m²
35	Okura Village Yamagata	¥8.9 billion	$56.18M	¥4.0 billion	¥4.9 billion	0.00%	¥3,815/m²

35 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.