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 | Shimonoseki City Yamaguchi |
¥1.5 trillion | $9.8B | ¥1.0 trillion | ¥534.7 billion | 0.11% | ¥36K/m² |
| 2 | Yamaguchi City Yamaguchi |
¥1.3 trillion | $8.3B | ¥850.6 billion | ¥458.1 billion | 0.09% | ¥31K/m² |
| 3 | Shunan City Yamaguchi |
¥1.1 trillion | $6.8B | ¥729.6 billion | ¥335.2 billion | 0.08% | ¥37K/m² |
| 4 | Ube City Yamaguchi |
¥1.0 trillion | $6.5B | ¥654.3 billion | ¥366.2 billion | 0.07% | ¥25K/m² |
| 5 | Iwakuni City Yamaguchi |
¥1.0 trillion | $6.4B | ¥733.9 billion | ¥267.4 billion | 0.07% | ¥39K/m² |
| 6 | Hofu City Yamaguchi |
¥750.6 billion | $4.8B | ¥491.3 billion | ¥259.3 billion | 0.05% | ¥27K/m² |
| 7 | Kudamatsu City Yamaguchi |
¥482.1 billion | $3.1B | ¥342.5 billion | ¥139.6 billion | 0.04% | ¥42K/m² |
| 8 | San-yoonoda City Yamaguchi |
¥380.2 billion | $2.4B | ¥239.0 billion | ¥141.2 billion | 0.03% | ¥21K/m² |
| 9 | Hikari City Yamaguchi |
¥360.3 billion | $2.3B | ¥249.6 billion | ¥110.7 billion | 0.03% | ¥28K/m² |
| 10 | Hagi City Yamaguchi |
¥223.2 billion | $1.4B | ¥143.6 billion | ¥79.6 billion | 0.02% | ¥13K/m² |
| 11 | Yanai City Yamaguchi |
¥213.6 billion | $1.4B | ¥146.2 billion | ¥67.5 billion | 0.01% | ¥27K/m² |
| 12 | Nagato City Yamaguchi |
¥143.9 billion | $915.00M | ¥79.4 billion | ¥64.5 billion | 0.01% | ¥13K/m² |
| 13 | Mine City Yamaguchi |
¥101.1 billion | $643.23M | ¥54.5 billion | ¥46.7 billion | 0.01% | ¥6,670/m² |
| 14 | Tabuse Town Yamaguchi |
¥78.6 billion | $499.61M | ¥53.2 billion | ¥25.4 billion | 0.01% | ¥18K/m² |
| 15 | Waki Town Yamaguchi |
¥77.5 billion | $492.76M | ¥65.6 billion | ¥11.9 billion | 0.01% | ¥68K/m² |
| 16 | Suooshima Town Yamaguchi |
¥72.9 billion | $463.58M | ¥48.4 billion | ¥24.5 billion | 0.01% | ¥12K/m² |
| 17 | Hirao Town Yamaguchi |
¥70.2 billion | $446.13M | ¥49.3 billion | ¥20.9 billion | 0.01% | ¥18K/m² |
| 18 | Abu Town Yamaguchi |
¥10.7 billion | $68.20M | ¥6.0 billion | ¥4.7 billion | 0.00% | ¥5,970/m² |
| 19 | Kaminoseki Town Yamaguchi |
¥6.7 billion | $42.92M | ¥3.9 billion | ¥2.9 billion | — | ¥11K/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.