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
201Ueda City
Nagano
¥1.1 trillion$6.8B ¥721.2 billion¥358.2 billion 0.08% ¥34K/m²
202Ikoma City
Nara
¥1.1 trillion$6.8B ¥872.9 billion¥205.4 billion 0.08% ¥98K/m²
203Izumisano City
Osaka
¥1.1 trillion$6.8B ¥769.8 billion¥308.0 billion 0.08% ¥65K/m²
204Koga City
Ibaraki
¥1.1 trillion$6.8B ¥725.8 billion¥347.8 billion 0.08% ¥37K/m²
205Hatsukaichi City
Hiroshima
¥1.1 trillion$6.8B ¥823.9 billion¥244.5 billion 0.08% ¥81K/m²
206Fukaya City
Saitama
¥1.1 trillion$6.8B ¥751.9 billion¥314.4 billion 0.08% ¥40K/m²
207Tochigi City
Tochigi
¥1.1 trillion$6.7B ¥694.9 billion¥370.7 billion 0.08% ¥22K/m²
208Shunan City
Yamaguchi
¥1.1 trillion$6.7B ¥729.6 billion¥335.2 billion 0.08% ¥37K/m²
209Imabari City
Ehime
¥1.1 trillion$6.7B ¥731.7 billion¥332.2 billion 0.08% ¥28K/m²
210Fujinomiya City
Shizuoka
¥1.1 trillion$6.7B ¥719.1 billion¥334.3 billion 0.08% ¥37K/m²
211Seto City
Aichi
¥1.1 trillion$6.7B ¥763.5 billion¥287.5 billion 0.08% ¥61K/m²
212Daito City
Osaka
¥1.0 trillion$6.6B ¥808.3 billion¥235.4 billion 0.07% ¥142K/m²
213Tsuchiura City
Ibaraki
¥1.0 trillion$6.6B ¥675.2 billion¥363.0 billion 0.07% ¥32K/m²
214Hakusan City
Ishikawa
¥1.0 trillion$6.5B ¥721.7 billion¥301.1 billion 0.07% ¥47K/m²
215Ube City
Yamaguchi
¥1.0 trillion$6.5B ¥654.3 billion¥366.2 billion 0.07% ¥25K/m²
216Abiko City
Chiba
¥1.0 trillion$6.4B ¥768.1 billion¥247.8 billion 0.07% ¥101K/m²
217Nagaokakyo City
Kyoto
¥1.0 trillion$6.4B ¥847.0 billion¥168.3 billion 0.07% ¥212K/m²
218Kitanagoya City
Aichi
¥1.0 trillion$6.4B ¥805.3 billion¥204.1 billion 0.07% ¥116K/m²
219Matsusaka City
Mie
¥1.0 trillion$6.4B ¥681.6 billion¥324.7 billion 0.07% ¥29K/m²
220Iwakuni City
Yamaguchi
¥1.0 trillion$6.3B ¥733.9 billion¥267.4 billion 0.07% ¥39K/m²
221Chikushino City
Fukuoka
¥987.1 billion$6.3B ¥750.2 billion¥236.9 billion 0.07% ¥97K/m²
222Miyakonojo City
Miyazaki
¥981.1 billion$6.2B ¥611.8 billion¥369.3 billion 0.07% ¥17K/m²
223Hekinan City
Aichi
¥979.5 billion$6.2B ¥773.1 billion¥206.4 billion 0.07% ¥78K/m²
224Karuizawa Town
Nagano
¥972.2 billion$6.2B ¥767.1 billion¥205.2 billion 0.07% ¥83K/m²
225Ayase City
Kanagawa
¥969.8 billion$6.1B ¥793.8 billion¥176.0 billion 0.07% ¥133K/m²
226Ashikaga City
Tochigi
¥969.4 billion$6.1B ¥659.1 billion¥310.3 billion 0.07% ¥26K/m²
227Kashihara City
Nara
¥961.8 billion$6.1B ¥736.1 billion¥225.7 billion 0.07% ¥92K/m²
228Niihama City
Ehime
¥956.6 billion$6.1B ¥683.2 billion¥273.4 billion 0.07% ¥35K/m²
229Kakegawa City
Shizuoka
¥956.2 billion$6.1B ¥624.0 billion¥332.2 billion 0.07% ¥44K/m²
230Yonago City
Tottori
¥946.2 billion$6.0B ¥629.5 billion¥316.7 billion 0.07% ¥33K/m²
231Matsubara City
Osaka
¥943.8 billion$6.0B ¥733.4 billion¥210.4 billion 0.07% ¥117K/m²
232Uruma City
Okinawa
¥938.9 billion$5.9B ¥660.2 billion¥278.7 billion 0.07% ¥55K/m²
233Miyoshi City
Aichi
¥937.1 billion$5.9B ¥752.9 billion¥184.2 billion 0.07% ¥131K/m²
234Ishinomaki City
Miyagi
¥931.8 billion$5.9B ¥622.5 billion¥309.3 billion 0.07% ¥29K/m²
235Gotenba City
Shizuoka
¥927.0 billion$5.9B ¥684.9 billion¥242.2 billion 0.07% ¥66K/m²
236Kazo City
Saitama
¥921.8 billion$5.8B ¥577.1 billion¥344.7 billion 0.07% ¥33K/m²
237Hirosaki City
Aomori
¥918.0 billion$5.8B ¥606.2 billion¥311.9 billion 0.07% ¥27K/m²
238Warabi City
Saitama
¥916.9 billion$5.8B ¥752.2 billion¥164.6 billion 0.07% ¥324K/m²
239Chiryu City
Aichi
¥907.2 billion$5.7B ¥737.8 billion¥169.3 billion 0.07% ¥157K/m²
240Nagakute City
Aichi
¥902.3 billion$5.7B ¥720.6 billion¥181.7 billion 0.07% ¥178K/m²
241Shiki City
Saitama
¥900.0 billion$5.7B ¥747.7 billion¥152.3 billion 0.07% ¥254K/m²
242Sakado City
Saitama
¥893.3 billion$5.7B ¥658.7 billion¥234.6 billion 0.06% ¥83K/m²
243Higashiyamato City
Tokyo
¥891.8 billion$5.6B ¥737.3 billion¥154.5 billion 0.06% ¥180K/m²
244Hikone City
Shiga
¥889.6 billion$5.6B ¥595.7 billion¥293.8 billion 0.06% ¥42K/m²
245Konosu City
Saitama
¥880.5 billion$5.6B ¥649.9 billion¥230.5 billion 0.06% ¥66K/m²
246Takasago City
Hyogo
¥879.1 billion$5.6B ¥660.2 billion¥218.9 billion 0.06% ¥63K/m²
247Sano City
Tochigi
¥876.6 billion$5.6B ¥598.7 billion¥277.9 billion 0.06% ¥26K/m²
248Onomichi City
Hiroshima
¥873.2 billion$5.5B ¥615.0 billion¥258.2 billion 0.06% ¥38K/m²
249Chita City
Aichi
¥867.2 billion$5.5B ¥690.9 billion¥176.2 billion 0.06% ¥73K/m²
250Owariasahi City
Aichi
¥867.1 billion$5.5B ¥692.7 billion¥174.4 billion 0.06% ¥111K/m²
251Saijo City
Ehime
¥863.5 billion$5.5B ¥595.8 billion¥267.7 billion 0.06% ¥30K/m²
252Nagahama City
Shiga
¥861.9 billion$5.5B ¥577.7 billion¥284.1 billion 0.06% ¥24K/m²
253Isahaya City
Nagasaki
¥860.8 billion$5.5B ¥531.7 billion¥329.0 billion 0.06% ¥33K/m²
254Aizuwakamatsu City
Fukushima
¥854.8 billion$5.4B ¥587.5 billion¥267.3 billion 0.06% ¥35K/m²
255Konan City
Aichi
¥847.0 billion$5.4B ¥644.3 billion¥202.7 billion 0.06% ¥83K/m²
256Akiruno City
Tokyo
¥846.6 billion$5.4B ¥691.1 billion¥155.4 billion 0.06% ¥95K/m²
257Ise City
Mie
¥844.9 billion$5.4B ¥588.4 billion¥256.5 billion 0.06% ¥30K/m²
258Sanda City
Hyogo
¥843.3 billion$5.3B ¥563.4 billion¥279.9 billion 0.06% ¥55K/m²
259Natori City
Miyagi
¥841.1 billion$5.3B ¥646.5 billion¥194.5 billion 0.06% ¥88K/m²
260Nasushiobara City
Tochigi
¥838.9 billion$5.3B ¥549.4 billion¥289.5 billion 0.06% ¥20K/m²
261Kamisu City
Ibaraki
¥831.1 billion$5.3B ¥509.5 billion¥321.6 billion 0.06% ¥18K/m²
262Kiyosu City
Aichi
¥822.8 billion$5.2B ¥644.8 billion¥178.0 billion 0.06% ¥105K/m²
263Moriyama City
Shiga
¥821.2 billion$5.2B ¥613.8 billion¥207.4 billion 0.06% ¥98K/m²
264Shikokuchuo City
Ehime
¥818.5 billion$5.2B ¥553.9 billion¥264.6 billion 0.06% ¥36K/m²
265Tondabayashi City
Osaka
¥806.8 billion$5.1B ¥620.9 billion¥185.9 billion 0.06% ¥78K/m²
266Higashimatsuyama City
Saitama
¥806.4 billion$5.1B ¥585.6 billion¥220.8 billion 0.06% ¥60K/m²
267Hamura City
Tokyo
¥804.7 billion$5.1B ¥673.8 billion¥130.8 billion 0.06% ¥147K/m²
268Fukuroi City
Shizuoka
¥804.3 billion$5.1B ¥559.6 billion¥244.7 billion 0.06% ¥42K/m²
269Kyotanabe City
Kyoto
¥802.7 billion$5.1B ¥624.4 billion¥178.3 billion 0.06% ¥110K/m²
270Higashiomi City
Shiga
¥798.6 billion$5.1B ¥489.2 billion¥309.4 billion 0.06% ¥29K/m²
271Toyoake City
Aichi
¥798.3 billion$5.1B ¥637.4 billion¥160.9 billion 0.06% ¥130K/m²
272Hanno City
Saitama
¥796.9 billion$5.0B ¥609.5 billion¥187.4 billion 0.06% ¥74K/m²
273Kamagaya City
Chiba
¥792.3 billion$5.0B ¥602.5 billion¥189.8 billion 0.06% ¥108K/m²
274Gamagori City
Aichi
¥790.0 billion$5.0B ¥581.1 billion¥208.8 billion 0.06% ¥64K/m²
275Kitakami City
Iwate
¥789.6 billion$5.0B ¥437.0 billion¥352.6 billion 0.06% ¥31K/m²
276Kushiro City
Hokkaido
¥785.7 billion$5.0B ¥438.3 billion¥347.4 billion 0.06% ¥17K/m²
277Ama City
Aichi
¥784.8 billion$5.0B ¥601.4 billion¥183.4 billion 0.06% ¥73K/m²
278Tosu City
Saga
¥781.4 billion$4.9B ¥537.8 billion¥243.6 billion 0.06% ¥51K/m²
279Shimada City
Shizuoka
¥781.3 billion$4.9B ¥566.9 billion¥214.4 billion 0.06% ¥49K/m²
280Ritto City
Shiga
¥779.8 billion$4.9B ¥581.1 billion¥198.8 billion 0.06% ¥79K/m²
281Habikino City
Osaka
¥777.0 billion$4.9B ¥599.9 billion¥177.1 billion 0.06% ¥89K/m²
282Beppu City
Oita
¥774.3 billion$4.9B ¥482.3 billion¥292.0 billion 0.06% ¥45K/m²
283Chitose City
Hokkaido
¥769.3 billion$4.9B ¥454.4 billion¥314.9 billion 0.06% ¥64K/m²
284Kirishima City
Kagoshima
¥763.9 billion$4.8B ¥451.3 billion¥312.6 billion 0.06% ¥17K/m²
285Osaki City
Miyagi
¥763.0 billion$4.8B ¥502.5 billion¥260.6 billion 0.06% ¥21K/m²
286Ebetsu City
Hokkaido
¥760.2 billion$4.8B ¥517.6 billion¥242.7 billion 0.06% ¥46K/m²
287Hofu City
Yamaguchi
¥750.6 billion$4.8B ¥491.3 billion¥259.3 billion 0.05% ¥27K/m²
288Marugame City
Kagawa
¥749.7 billion$4.7B ¥495.5 billion¥254.2 billion 0.05% ¥35K/m²
289Kiyose City
Tokyo
¥747.2 billion$4.7B ¥624.4 billion¥122.8 billion 0.05% ¥206K/m²
290Zushi City
Kanagawa
¥743.8 billion$4.7B ¥628.5 billion¥115.3 billion 0.05% ¥214K/m²
291Komatsu City
Ishikawa
¥742.5 billion$4.7B ¥476.2 billion¥266.3 billion 0.05% ¥31K/m²
292Kimitsu City
Chiba
¥740.4 billion$4.7B ¥544.9 billion¥195.6 billion 0.05% ¥40K/m²
293Tajimi City
Gifu
¥740.2 billion$4.7B ¥519.3 billion¥220.9 billion 0.05% ¥38K/m²
294Musashimurayama City
Tokyo
¥739.2 billion$4.7B ¥610.9 billion¥128.3 billion 0.05% ¥127K/m²
295Yamatokoriyama City
Nara
¥724.1 billion$4.6B ¥560.9 billion¥163.2 billion 0.05% ¥72K/m²
296Yatsushiro City
Kumamoto
¥719.5 billion$4.6B ¥463.9 billion¥255.5 billion 0.05% ¥19K/m²
297Kanuma City
Tochigi
¥706.8 billion$4.5B ¥484.9 billion¥221.9 billion 0.05% ¥25K/m²
298Iizuka City
Fukuoka
¥703.5 billion$4.5B ¥430.4 billion¥273.1 billion 0.05% ¥23K/m²
299Tokoname City
Aichi
¥700.5 billion$4.4B ¥477.6 billion¥222.9 billion 0.05% ¥49K/m²
300Nobeoka City
Miyazaki
¥700.1 billion$4.4B ¥470.1 billion¥230.0 billion 0.05% ¥28K/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.