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)

RankAreaTotal value≈ USDLandBuildingsShare of JapanAvg. residential
1601Higashiyoshino Village
Nara
¥7.0 billion$44.24M ¥5.2 billion¥1.8 billion 0.00% ¥7,840/m²
1602Yamae Village
Kumamoto
¥6.9 billion$43.98M ¥3.7 billion¥3.3 billion — ¥5,517/m²
1603Ama Town
Shimane
¥6.9 billion$43.92M ¥4.5 billion¥2.4 billion — ¥5,983/m²
1604Tsukigata Town
Hokkaido
¥6.9 billion$43.76M ¥3.1 billion¥3.8 billion — ¥3,800/m²
1605Totsukawa Village
Nara
¥6.9 billion$43.45M ¥4.1 billion¥2.8 billion — ¥7,730/m²
1606Kaminoseki Town
Yamaguchi
¥6.7 billion$42.74M ¥3.9 billion¥2.9 billion — ¥11K/m²
1607Yomogita Village
Aomori
¥6.7 billion$42.50M ¥3.7 billion¥3.1 billion — ¥4,700/m²
1608Gokase Town
Miyazaki
¥6.7 billion$42.42M ¥3.0 billion¥3.7 billion — ¥4,350/m²
1609Enbetsu Town
Hokkaido
¥6.5 billion$41.40M ¥2.7 billion¥3.8 billion — ¥4,125/m²
1610Kuma Village
Kumamoto
¥6.5 billion$41.11M ¥3.3 billion¥3.2 billion — ¥3,567/m²
1611Obira Town
Hokkaido
¥6.4 billion$40.73M ¥2.7 billion¥3.7 billion — ¥3,300/m²
1612Kuromatsunai Town
Hokkaido
¥6.4 billion$40.46M ¥2.7 billion¥3.7 billion — ¥3,325/m²
1613Urausu Town
Hokkaido
¥6.3 billion$39.92M ¥2.1 billion¥4.2 billion — ¥1,775/m²
1614Doshi Village
Yamanashi
¥6.3 billion$39.89M ¥3.5 billion¥2.8 billion — ¥8,640/m²
1615Rishirifuji Town
Hokkaido
¥6.3 billion$39.65M ¥1.6 billion¥4.7 billion — ¥4,475/m²
1616Shingo Village
Aomori
¥6.2 billion$39.38M ¥3.6 billion¥2.7 billion — ¥4,233/m²
1617Sanagochi Village
Tokushima
¥6.2 billion$39.20M ¥3.2 billion¥3.0 billion — ¥9,725/m²
1618Ogawa Village
Nagano
¥6.2 billion$39.15M ¥3.4 billion¥2.7 billion — ¥7,120/m²
1619Kawauchi Village
Fukushima
¥6.1 billion$38.94M ¥3.3 billion¥2.8 billion — ¥3,583/m²
1620Toho Village
Fukuoka
¥6.1 billion$38.56M ¥3.8 billion¥2.3 billion — ¥4,367/m²
1621Higashishirakawa Village
Gifu
¥6.1 billion$38.50M ¥3.1 billion¥3.0 billion — ¥3,170/m²
1622Kaneyama Town
Fukushima
¥6.0 billion$38.07M ¥3.2 billion¥2.8 billion — ¥3,213/m²
1623Yonaguni Town
Okinawa
¥6.0 billion$38.05M ¥3.1 billion¥3.0 billion — ¥8,200/m²
1624Suttsu Town
Hokkaido
¥6.0 billion$37.84M ¥2.5 billion¥3.5 billion — ¥5,075/m²
1625Makkari Village
Hokkaido
¥5.9 billion$37.38M ¥2.0 billion¥3.9 billion — ¥8,500/m²
1626Furubira Town
Hokkaido
¥5.9 billion$37.26M ¥2.2 billion¥3.6 billion — ¥3,488/m²
1627Chippubetsu Town
Hokkaido
¥5.9 billion$37.16M ¥3.1 billion¥2.8 billion — ¥3,025/m²
1628Higashinaruse Village
Akita
¥5.8 billion$37.01M ¥2.6 billion¥3.3 billion — ¥3,225/m²
1629Takinoue Town
Hokkaido
¥5.7 billion$35.95M ¥1.8 billion¥3.9 billion — ¥1,570/m²
1630Otaki Village
Nagano
¥5.5 billion$35.11M ¥3.9 billion¥1.6 billion — ¥5,130/m²
1631Ine Town
Kyoto
¥5.4 billion$34.43M ¥2.9 billion¥2.5 billion — ¥8,600/m²
1632Okushiri Town
Hokkaido
¥5.4 billion$33.98M ¥1.9 billion¥3.4 billion — ¥4,525/m²
1633Tenkawa Village
Nara
¥5.3 billion$33.88M ¥3.7 billion¥1.7 billion — ¥8,073/m²
1634Ikusaka Village
Nagano
¥5.3 billion$33.51M ¥3.2 billion¥2.1 billion — ¥6,360/m²
1635Kamikoani Village
Akita
¥5.2 billion$33.18M ¥2.8 billion¥2.4 billion — ¥2,480/m²
1636Kasagi Town
Kyoto
¥5.2 billion$33.11M ¥3.2 billion¥2.0 billion — ¥7,940/m²
1637Uryu Town
Hokkaido
¥5.2 billion$33.07M ¥2.5 billion¥2.7 billion — ¥2,530/m²
1638Ojika Town
Nagasaki
¥5.2 billion$32.82M ¥3.4 billion¥1.8 billion — ¥5,170/m²
1639Mitsue Village
Nara
¥5.2 billion$32.76M ¥3.3 billion¥1.9 billion — ¥4,430/m²
1640Shakotan Town
Hokkaido
¥5.1 billion$32.22M ¥2.4 billion¥2.6 billion — ¥4,350/m²
1641Minamifurano Town
Hokkaido
¥5.0 billion$31.81M ¥1.2 billion¥3.8 billion — ¥1,755/m²
1642Mizukami Village
Kumamoto
¥5.0 billion$31.56M ¥2.6 billion¥2.4 billion — ¥4,150/m²
1643Himeshima Village
Oita
¥4.9 billion$31.19M ¥2.7 billion¥2.3 billion — ¥8,670/m²
1644Rebun Town
Hokkaido
¥4.8 billion$30.44M ¥918.5M¥3.9 billion — ¥3,250/m²
1645Kawakami Village
Nara
¥4.7 billion$29.68M ¥3.5 billion¥1.2 billion — ¥7,677/m²
1646Ubuyama Village
Kumamoto
¥4.6 billion$29.00M ¥2.4 billion¥2.2 billion — ¥3,100/m²
1647Mihara Village
Kochi
¥4.4 billion$28.12M ¥2.7 billion¥1.7 billion — ¥5,215/m²
1648Soni Village
Nara
¥4.4 billion$27.64M ¥2.5 billion¥1.9 billion — ¥6,210/m²
1649Higashi Village
Okinawa
¥4.3 billion$27.32M ¥1.8 billion¥2.5 billion — ¥4,400/m²
1650Hokuryu Town
Hokkaido
¥4.3 billion$27.18M ¥2.1 billion¥2.2 billion — ¥1,750/m²
1651Shichikashuku Town
Miyagi
¥4.3 billion$27.11M ¥2.5 billion¥1.8 billion — ¥3,620/m²
1652Nishiawakura Village
Okayama
¥4.3 billion$27.02M ¥2.0 billion¥2.3 billion — ¥3,740/m²
1653Kozushima Village
Tokyo
¥4.2 billion$26.75M ¥1.8 billion¥2.4 billion — ¥6,975/m²
1654Kanna Town
Gunma
¥4.2 billion$26.51M ¥2.8 billion¥1.4 billion — ¥5,280/m²
1655Morotsuka Village
Miyazaki
¥4.2 billion$26.47M ¥2.2 billion¥2.0 billion — ¥2,060/m²
1656Kitagawa Village
Kochi
¥4.1 billion$25.89M ¥2.3 billion¥1.8 billion — ¥8,395/m²
1657Sakae Village
Nagano
¥4.0 billion$25.19M ¥1.4 billion¥2.6 billion — ¥3,010/m²
1658Uken Village
Kagoshima
¥4.0 billion$25.03M ¥2.2 billion¥1.7 billion — ¥4,045/m²
1659Nanmoku Village
Gunma
¥3.9 billion$24.64M ¥2.6 billion¥1.3 billion — ¥4,530/m²
1660Mishima Town
Fukushima
¥3.8 billion$24.12M ¥2.0 billion¥1.8 billion — ¥3,450/m²
1661Zamami Village
Okinawa
¥3.6 billion$23.01M ¥1.7 billion¥2.0 billion — ¥14K/m²
1662Shiiba Village
Miyazaki
¥3.6 billion$22.83M ¥1.3 billion¥2.3 billion — ¥1,835/m²
1663Utashinai City
Hokkaido
¥3.6 billion$22.74M ¥775.1M¥2.8 billion — ¥1,918/m²
1664Nakagawa Town
Hokkaido
¥3.4 billion$21.68M ¥925.8M¥2.5 billion — ¥1,875/m²
1665Tarama Village
Okinawa
¥3.4 billion$21.62M ¥1.9 billion¥1.5 billion — ¥6,290/m²
1666Nakatonbetsu Town
Hokkaido
¥3.3 billion$20.89M ¥1.0 billion¥2.3 billion — ¥2,350/m²
1667Kazamaura Village
Aomori
¥3.3 billion$20.82M ¥1.2 billion¥2.1 billion — ¥3,683/m²
1668Horokanai Town
Hokkaido
¥3.2 billion$20.47M ¥908.1M¥2.3 billion — ¥1,580/m²
1669Toyone Village
Aichi
¥3.2 billion$20.44M ¥1.7 billion¥1.5 billion — ¥3,487/m²
1670Izena Village
Okinawa
¥3.2 billion$20.41M ¥1.3 billion¥1.9 billion — ¥3,185/m²
1671Minamidaito Village
Okinawa
¥3.2 billion$20.22M ¥2.0 billion¥1.2 billion — ¥5,300/m²
1672Sai Village
Aomori
¥3.2 billion$20.19M ¥1.3 billion¥1.9 billion — ¥4,433/m²
1673Rishiri Town
Hokkaido
¥3.1 billion$19.91M ¥892.2M¥2.3 billion — ¥2,675/m²
1674Neba Village
Nagano
¥3.1 billion$19.88M ¥1.8 billion¥1.4 billion — ¥4,020/m²
1675Tenryu Village
Nagano
¥3.1 billion$19.87M ¥1.9 billion¥1.3 billion — ¥4,210/m²
1676Katsurao Village
Fukushima
¥3.1 billion$19.74M ¥1.2 billion¥1.9 billion — ¥3,335/m²
1677Shimokitayama Village
Nara
¥3.1 billion$19.47M ¥2.1 billion¥981.4M — ¥3,473/m²
1678Yasuoka Village
Nagano
¥3.0 billion$19.08M ¥1.2 billion¥1.8 billion — ¥1,770/m²
1679Hayakawa Town
Yamanashi
¥3.0 billion$18.69M ¥1.4 billion¥1.6 billion — ¥3,440/m²
1680Umaji Village
Kochi
¥2.9 billion$18.46M ¥1.7 billion¥1.2 billion — ¥6,673/m²
1681Nishimeya Village
Aomori
¥2.9 billion$18.43M ¥1.5 billion¥1.5 billion — ¥2,365/m²
1682Kamisunagawa Town
Hokkaido
¥2.8 billion$17.72M ¥630.5M¥2.2 billion — ¥1,540/m²
1683Tokashiki Village
Okinawa
¥2.7 billion$17.26M ¥1.5 billion¥1.2 billion — ¥13K/m²
1684Showa Village
Fukushima
¥2.7 billion$17.17M ¥1.7 billion¥1.0 billion — ¥2,937/m²
1685Yamato Village
Kagoshima
¥2.7 billion$16.94M ¥1.3 billion¥1.4 billion — ¥3,445/m²
1686Minamiaiki Village
Nagano
¥2.6 billion$16.63M ¥1.2 billion¥1.4 billion — ¥3,110/m²
1687Shimamaki Village
Hokkaido
¥2.4 billion$15.28M ¥1.0 billion¥1.4 billion — ¥3,475/m²
1688Itsuki Village
Kumamoto
¥2.3 billion$14.88M ¥846.6M¥1.5 billion — ¥2,525/m²
1689Kamikatsu Town
Tokushima
¥2.3 billion$14.70M ¥1.2 billion¥1.2 billion — ¥5,200/m²
1690Kurotaki Village
Nara
¥2.3 billion$14.27M ¥1.6 billion¥619.8M — ¥5,507/m²
1691Shosanbetsu Village
Hokkaido
¥2.2 billion$14.00M ¥675.2M¥1.5 billion — ¥1,810/m²
1692Shinjo Village
Okayama
¥2.1 billion$13.09M ¥1.3 billion¥773.2M — ¥3,905/m²
1693Nishimera Village
Miyazaki
¥2.1 billion$13.06M ¥968.3M¥1.1 billion — ¥5,075/m²
1694Aguni Village
Okinawa
¥2.0 billion$12.97M ¥809.6M¥1.2 billion — ¥1,960/m²
1695Iheya Village
Okinawa
¥2.0 billion$12.86M ¥788.7M¥1.2 billion — ¥2,445/m²
1696Oshika Village
Nagano
¥2.0 billion$12.47M ¥954.6M¥1.0 billion — ¥1,800/m²
1697Urugi Village
Nagano
¥1.9 billion$12.28M ¥915.1M¥1.0 billion — ¥2,710/m²
1698Kosuge Village
Yamanashi
¥1.9 billion$11.95M ¥854.3M¥1.0 billion — ¥7,150/m²
1699Ueno Village
Gunma
¥1.8 billion$11.71M ¥1.1 billion¥708.6M — ¥3,160/m²
1700Hiraya Village
Nagano
¥1.8 billion$11.54M ¥821.5M¥1.0 billion — ¥2,420/m²

1719 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.