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
401	Nakatsu City Oita	¥504.5 billion	$3.2B	¥303.9 billion	¥200.6 billion	0.04%	¥17K/m²
402	Fujiidera City Osaka	¥504.0 billion	$3.2B	¥382.1 billion	¥121.9 billion	0.04%	¥136K/m²
403	Kosai City Shizuoka	¥499.3 billion	$3.2B	¥335.9 billion	¥163.3 billion	0.04%	¥53K/m²
404	Mizuho Town Tokyo	¥498.5 billion	$3.2B	¥401.9 billion	¥96.6 billion	0.04%	¥99K/m²
405	Sakaide City Kagawa	¥497.6 billion	$3.2B	¥352.0 billion	¥145.6 billion	0.04%	¥31K/m²
406	Ogori City Fukuoka	¥495.6 billion	$3.1B	¥361.6 billion	¥134.0 billion	0.04%	¥63K/m²
407	Kasama City Ibaraki	¥494.5 billion	$3.1B	¥319.1 billion	¥175.4 billion	0.04%	¥20K/m²
408	Hidaka City Saitama	¥493.8 billion	$3.1B	¥354.9 billion	¥138.9 billion	0.04%	¥50K/m²
409	Tomiya City Miyagi	¥491.7 billion	$3.1B	¥380.0 billion	¥111.7 billion	0.04%	¥64K/m²
410	Iwakura City Aichi	¥489.4 billion	$3.1B	¥379.4 billion	¥110.0 billion	0.04%	¥114K/m²
411	Shiraoka City Saitama	¥489.1 billion	$3.1B	¥371.0 billion	¥118.1 billion	0.04%	¥85K/m²
412	Kashiwara City Osaka	¥488.7 billion	$3.1B	¥373.9 billion	¥114.8 billion	0.04%	¥101K/m²
413	Sukagawa City Fukushima	¥488.3 billion	$3.1B	¥334.8 billion	¥153.5 billion	0.04%	¥27K/m²
414	Soja City Okayama	¥484.3 billion	$3.1B	¥344.0 billion	¥140.3 billion	0.04%	¥38K/m²
415	Kudamatsu City Yamaguchi	¥482.1 billion	$3.1B	¥342.5 billion	¥139.6 billion	0.04%	¥42K/m²
416	Tendo City Yamagata	¥481.7 billion	$3.1B	¥333.3 billion	¥148.4 billion	0.04%	¥37K/m²
417	Kota Town Aichi	¥480.6 billion	$3.0B	¥371.3 billion	¥109.3 billion	0.04%	¥92K/m²
418	Yomitan Village Okinawa	¥479.4 billion	$3.0B	¥369.9 billion	¥109.5 billion	0.03%	¥80K/m²
419	Yasu City Shiga	¥477.6 billion	$3.0B	¥325.3 billion	¥152.3 billion	0.03%	¥68K/m²
420	Hayama Town Kanagawa	¥477.5 billion	$3.0B	¥403.3 billion	¥74.2 billion	0.03%	¥176K/m²
421	Toyooka City Hyogo	¥474.5 billion	$3.0B	¥317.0 billion	¥157.5 billion	0.03%	¥29K/m²
422	Kashima City Ibaraki	¥471.6 billion	$3.0B	¥303.2 billion	¥168.4 billion	0.03%	¥20K/m²
423	Osakasayama City Osaka	¥470.7 billion	$3.0B	¥363.7 billion	¥106.9 billion	0.03%	¥106K/m²
424	Konan City Shiga	¥468.2 billion	$3.0B	¥321.8 billion	¥146.4 billion	0.03%	¥37K/m²
425	Sabae City Fukui	¥466.6 billion	$3.0B	¥305.9 billion	¥160.7 billion	0.03%	¥31K/m²
426	Mizuho City Gifu	¥466.0 billion	$3.0B	¥344.4 billion	¥121.6 billion	0.03%	¥50K/m²
427	Ryugasaki City Ibaraki	¥465.7 billion	$2.9B	¥312.8 billion	¥152.9 billion	0.03%	¥31K/m²
428	Fuefuki City Yamanashi	¥465.1 billion	$2.9B	¥305.0 billion	¥160.0 billion	0.03%	¥20K/m²
429	Joso City Ibaraki	¥464.7 billion	$2.9B	¥282.4 billion	¥182.3 billion	0.03%	¥22K/m²
430	Eniwa City Hokkaido	¥464.2 billion	$2.9B	¥306.6 billion	¥157.7 billion	0.03%	¥46K/m²
431	Muroran City Hokkaido	¥462.2 billion	$2.9B	¥262.0 billion	¥200.1 billion	0.03%	¥15K/m²
432	Otawara City Tochigi	¥460.2 billion	$2.9B	¥282.6 billion	¥177.6 billion	0.03%	¥19K/m²
433	Minami Alps City Yamanashi	¥459.7 billion	$2.9B	¥306.8 billion	¥152.9 billion	0.03%	¥21K/m²
434	Izunokuni City Shizuoka	¥458.8 billion	$2.9B	¥350.0 billion	¥108.8 billion	0.03%	¥62K/m²
435	Kanoya City Kagoshima	¥457.8 billion	$2.9B	¥255.3 billion	¥202.6 billion	0.03%	¥9,910/m²
436	Shime Town Fukuoka	¥454.3 billion	$2.9B	¥349.0 billion	¥105.2 billion	0.03%	¥98K/m²
437	Atami City Shizuoka	¥453.5 billion	$2.9B	¥236.0 billion	¥217.5 billion	0.03%	¥56K/m²
438	Taketoyo Town Aichi	¥453.0 billion	$2.9B	¥336.0 billion	¥117.0 billion	0.03%	¥61K/m²
439	Fujioka City Gunma	¥450.8 billion	$2.9B	¥312.2 billion	¥138.6 billion	0.03%	¥23K/m²
440	Ishigaki City Okinawa	¥448.3 billion	$2.8B	¥305.0 billion	¥143.2 billion	0.03%	¥52K/m²
441	Tenri City Nara	¥444.5 billion	$2.8B	¥331.1 billion	¥113.4 billion	0.03%	¥55K/m²
442	Tsukubamirai City Ibaraki	¥444.5 billion	$2.8B	¥300.3 billion	¥144.2 billion	0.03%	¥58K/m²
443	Nakatsugawa City Gifu	¥444.2 billion	$2.8B	¥277.1 billion	¥167.1 billion	0.03%	¥19K/m²
444	Koshi City Kumamoto	¥442.7 billion	$2.8B	¥307.4 billion	¥135.3 billion	0.03%	¥55K/m²
445	Yonezawa City Yamagata	¥441.4 billion	$2.8B	¥266.2 billion	¥175.2 billion	0.03%	¥19K/m²
446	Ishioka City Ibaraki	¥439.8 billion	$2.8B	¥284.5 billion	¥155.3 billion	0.03%	¥19K/m²
447	Kanda Town Fukuoka	¥438.9 billion	$2.8B	¥300.9 billion	¥138.0 billion	0.03%	¥33K/m²
448	Aira City Kagoshima	¥434.3 billion	$2.8B	¥277.6 billion	¥156.7 billion	0.03%	¥22K/m²
449	Ishikari City Hokkaido	¥433.8 billion	$2.7B	¥271.5 billion	¥162.3 billion	0.03%	¥27K/m²
450	Kutchan Town Hokkaido	¥432.5 billion	$2.7B	¥334.2 billion	¥98.3 billion	0.03%	¥86K/m²
451	Iwanuma City Miyagi	¥429.6 billion	$2.7B	¥317.7 billion	¥111.9 billion	0.03%	¥58K/m²
452	Yukuhashi City Fukuoka	¥429.0 billion	$2.7B	¥283.8 billion	¥145.3 billion	0.03%	¥30K/m²
453	Tanabe City Wakayama	¥426.5 billion	$2.7B	¥302.0 billion	¥124.5 billion	0.03%	¥43K/m²
454	Minamisoma City Fukushima	¥425.1 billion	$2.7B	¥305.4 billion	¥119.8 billion	0.03%	¥20K/m²
455	Shijonawate City Osaka	¥425.0 billion	$2.7B	¥326.8 billion	¥98.2 billion	0.03%	¥113K/m²
456	Minamiashigara City Kanagawa	¥423.4 billion	$2.7B	¥324.3 billion	¥99.2 billion	0.03%	¥59K/m²
457	Ako City Hyogo	¥422.2 billion	$2.7B	¥311.7 billion	¥110.5 billion	0.03%	¥41K/m²
458	Nakagawa City Fukuoka	¥421.2 billion	$2.7B	¥328.2 billion	¥93.1 billion	0.03%	¥80K/m²
459	Shimizu Town Shizuoka	¥420.9 billion	$2.7B	¥339.8 billion	¥81.1 billion	0.03%	¥113K/m²
460	Minokamo City Gifu	¥418.4 billion	$2.6B	¥272.4 billion	¥146.1 billion	0.03%	¥31K/m²
461	Uwajima City Ehime	¥417.2 billion	$2.6B	¥284.3 billion	¥133.0 billion	0.03%	¥30K/m²
462	Nago City Okinawa	¥417.0 billion	$2.6B	¥249.2 billion	¥167.8 billion	0.03%	¥36K/m²
463	Tokai Village Ibaraki	¥416.9 billion	$2.6B	¥234.2 billion	¥182.7 billion	0.03%	¥35K/m²
464	Kameyama City Mie	¥414.3 billion	$2.6B	¥233.5 billion	¥180.9 billion	0.03%	¥26K/m²
465	Chichibu City Saitama	¥413.9 billion	$2.6B	¥290.4 billion	¥123.5 billion	0.03%	¥33K/m²
466	Nabari City Mie	¥413.0 billion	$2.6B	¥269.5 billion	¥143.5 billion	0.03%	¥30K/m²
467	Ina City Nagano	¥411.5 billion	$2.6B	¥259.3 billion	¥152.3 billion	0.03%	¥15K/m²
468	Chikuma City Nagano	¥411.1 billion	$2.6B	¥256.2 billion	¥154.9 billion	0.03%	¥29K/m²
469	Hanyu City Saitama	¥410.9 billion	$2.6B	¥258.2 billion	¥152.7 billion	0.03%	¥29K/m²
470	Shirakawa City Fukushima	¥409.1 billion	$2.6B	¥259.0 billion	¥150.1 billion	0.03%	¥18K/m²
471	Ami Town Ibaraki	¥403.8 billion	$2.6B	¥243.8 billion	¥160.0 billion	0.03%	¥30K/m²
472	Chino City Nagano	¥398.9 billion	$2.5B	¥224.8 billion	¥174.2 billion	0.03%	¥25K/m²
473	Ina Town Saitama	¥398.1 billion	$2.5B	¥308.1 billion	¥90.0 billion	0.03%	¥84K/m²
474	Katori City Chiba	¥397.3 billion	$2.5B	¥260.9 billion	¥136.3 billion	0.03%	¥21K/m²
475	Naruto City Tokushima	¥396.7 billion	$2.5B	¥258.0 billion	¥138.7 billion	0.03%	¥30K/m²
476	Kan-onji City Kagawa	¥395.2 billion	$2.5B	¥238.3 billion	¥156.9 billion	0.03%	¥23K/m²
477	Tajiri Town Osaka	¥393.2 billion	$2.5B	¥337.9 billion	¥55.4 billion	0.03%	¥56K/m²
478	Miyakojima City Okinawa	¥392.8 billion	$2.5B	¥244.7 billion	¥148.1 billion	0.03%	¥28K/m²
479	Ono City Hyogo	¥390.7 billion	$2.5B	¥256.6 billion	¥134.2 billion	0.03%	¥37K/m²
480	Satte City Saitama	¥389.2 billion	$2.5B	¥260.7 billion	¥128.6 billion	0.03%	¥45K/m²
481	Yamatotakada City Nara	¥388.5 billion	$2.5B	¥291.4 billion	¥97.1 billion	0.03%	¥68K/m²
482	Bando City Ibaraki	¥386.9 billion	$2.5B	¥246.8 billion	¥140.1 billion	0.03%	¥20K/m²
483	Kasaoka City Okayama	¥386.2 billion	$2.4B	¥283.1 billion	¥103.2 billion	0.03%	¥30K/m²
484	Toki City Gifu	¥385.5 billion	$2.4B	¥254.6 billion	¥130.9 billion	0.03%	¥31K/m²
485	Hyuga City Miyazaki	¥385.1 billion	$2.4B	¥252.5 billion	¥132.6 billion	0.03%	¥27K/m²
486	Choshi City Chiba	¥382.2 billion	$2.4B	¥265.1 billion	¥117.1 billion	0.03%	¥28K/m²
487	Yokote City Akita	¥380.9 billion	$2.4B	¥216.1 billion	¥164.9 billion	0.03%	¥9,841/m²
488	San-yoonoda City Yamaguchi	¥380.2 billion	$2.4B	¥239.0 billion	¥141.2 billion	0.03%	¥21K/m²
489	Tobishima Village Aichi	¥380.1 billion	$2.4B	¥289.5 billion	¥90.6 billion	0.03%	¥33K/m²
490	Shinshiro City Aichi	¥379.8 billion	$2.4B	¥276.0 billion	¥103.8 billion	0.03%	¥33K/m²
491	Kumiyama Town Kyoto	¥378.0 billion	$2.4B	¥301.4 billion	¥76.6 billion	0.03%	¥78K/m²
492	Kaga City Ishikawa	¥377.4 billion	$2.4B	¥208.9 billion	¥168.5 billion	0.03%	¥19K/m²
493	Hita City Oita	¥371.7 billion	$2.4B	¥241.8 billion	¥129.9 billion	0.03%	¥19K/m²
494	Haebaru Town Okinawa	¥370.5 billion	$2.3B	¥277.6 billion	¥92.9 billion	0.03%	¥118K/m²
495	Amakusa City Kumamoto	¥369.3 billion	$2.3B	¥236.6 billion	¥132.7 billion	0.03%	¥17K/m²
496	Suwa City Nagano	¥369.3 billion	$2.3B	¥251.6 billion	¥117.7 billion	0.03%	¥37K/m²
497	Oiso Town Kanagawa	¥366.0 billion	$2.3B	¥304.7 billion	¥61.3 billion	0.03%	¥113K/m²
498	Hokuto City Yamanashi	¥365.6 billion	$2.3B	¥218.5 billion	¥147.1 billion	0.03%	¥11K/m²
499	Kesennuma City Miyagi	¥364.5 billion	$2.3B	¥234.0 billion	¥130.5 billion	0.03%	¥20K/m²
500	Nankoku City Kochi	¥363.7 billion	$2.3B	¥259.7 billion	¥103.9 billion	0.03%	¥50K/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.