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 |
|---|---|---|---|---|---|---|---|
| 1701 | Chibu Village Shimane |
¥1.7 billion | $10.65M | ¥933.7M | ¥748.0M | — | ¥3,900/m² |
| 1702 | Kamikitayama Village Nara |
¥1.6 billion | $9.91M | ¥1.2 billion | ¥333.7M | — | ¥4,700/m² |
| 1703 | Nishiokoppe Village Hokkaido |
¥1.6 billion | $9.86M | ¥299.2M | ¥1.3 billion | — | ¥1,400/m² |
| 1704 | Hinoemata Village Fukushima |
¥1.5 billion | $9.80M | ¥508.8M | ¥1.0 billion | — | ¥5,150/m² |
| 1705 | Kitaaiki Village Nagano |
¥1.4 billion | $9.16M | ¥860.0M | ¥585.7M | — | ¥2,780/m² |
| 1706 | Kamoenai Village Hokkaido |
¥1.3 billion | $8.32M | ¥441.1M | ¥872.3M | — | ¥2,985/m² |
| 1707 | Tabayama Village Yamanashi |
¥1.1 billion | $7.24M | ¥791.5M | ¥351.4M | — | ¥7,600/m² |
| 1708 | Otoineppu Village Hokkaido |
¥1.1 billion | $7.08M | ¥358.6M | ¥759.8M | — | ¥1,375/m² |
| 1709 | Awashimaura Village Niigata |
¥1.0 billion | $6.55M | ¥527.5M | ¥506.4M | — | ¥11K/m² |
| 1710 | Nosegawa Village Nara |
¥814.8M | $5.16M | ¥518.8M | ¥296.0M | — | ¥2,883/m² |
| 1711 | Kitadaito Village Okinawa |
¥805.8M | $5.10M | ¥307.1M | ¥498.7M | — | ¥1,530/m² |
| 1712 | Okawa Village Kochi |
¥743.8M | $4.71M | ¥488.5M | ¥255.4M | — | ¥3,335/m² |
| 1713 | Kitayama Village Wakayama |
¥734.9M | $4.65M | ¥530.4M | ¥204.5M | — | ¥7,800/m² |
| 1714 | Toshima Village Kagoshima |
¥647.3M | $4.10M | ¥194.7M | ¥452.6M | — | ¥1,490/m² |
| 1715 | Toshima Village Tokyo |
¥568.4M | $3.60M | ¥234.3M | ¥334.2M | — | — |
| 1716 | Tonaki Village Okinawa |
¥560.2M | $3.55M | ¥231.9M | ¥328.3M | — | ¥1,470/m² |
| 1717 | Aogashima Village Tokyo |
¥383.3M | $2.43M | ¥223.1M | ¥160.2M | — | — |
| 1718 | Mikurajima Village Tokyo |
¥381.0M | $2.41M | ¥150.9M | ¥230.1M | — | — |
| 1719 | Mishima Village Kagoshima |
¥176.5M | $1.12M | ¥68.5M | ¥108.0M | — | ¥1,890/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.