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
501	Annaka City Gunma	¥363.1 billion	$2.3B	¥233.4 billion	¥129.7 billion	0.03%	¥20K/m²
502	Oguchi Town Aichi	¥362.7 billion	$2.3B	¥247.2 billion	¥115.5 billion	0.03%	¥70K/m²
503	Hakone Town Kanagawa	¥362.3 billion	$2.3B	¥195.9 billion	¥166.4 billion	0.03%	¥36K/m²
504	Kikugawa City Shizuoka	¥361.7 billion	$2.3B	¥249.1 billion	¥112.6 billion	0.03%	¥34K/m²
505	Asakura City Fukuoka	¥361.7 billion	$2.3B	¥232.6 billion	¥129.1 billion	0.03%	¥21K/m²
506	Tamano City Okayama	¥360.6 billion	$2.3B	¥259.8 billion	¥100.8 billion	0.03%	¥30K/m²
507	Kainan City Wakayama	¥360.6 billion	$2.3B	¥259.5 billion	¥101.1 billion	0.03%	¥42K/m²
508	Hikari City Yamaguchi	¥360.3 billion	$2.3B	¥249.6 billion	¥110.7 billion	0.03%	¥28K/m²
509	Kaita Town Hiroshima	¥357.0 billion	$2.3B	¥287.2 billion	¥69.9 billion	0.03%	¥131K/m²
510	Odate City Akita	¥355.6 billion	$2.3B	¥191.9 billion	¥163.7 billion	0.03%	¥14K/m²
511	Hashimoto City Wakayama	¥355.0 billion	$2.2B	¥241.5 billion	¥113.4 billion	0.03%	¥31K/m²
512	Nomi City Ishikawa	¥354.8 billion	$2.2B	¥201.3 billion	¥153.5 billion	0.03%	¥24K/m²
513	Fujiyoshida City Yamanashi	¥352.4 billion	$2.2B	¥256.2 billion	¥96.2 billion	0.03%	¥35K/m²
514	Yanagawa City Fukuoka	¥352.4 billion	$2.2B	¥228.5 billion	¥123.9 billion	0.03%	¥25K/m²
515	Shingu Town Fukuoka	¥348.4 billion	$2.2B	¥262.8 billion	¥85.6 billion	0.03%	¥96K/m²
516	Saiki City Oita	¥348.1 billion	$2.2B	¥213.8 billion	¥134.3 billion	0.03%	¥17K/m²
517	Yurihonjo City Akita	¥347.7 billion	$2.2B	¥207.9 billion	¥139.9 billion	0.03%	¥12K/m²
518	Sakurai City Nara	¥347.6 billion	$2.2B	¥257.0 billion	¥90.5 billion	0.03%	¥50K/m²
519	Daisen City Akita	¥347.0 billion	$2.2B	¥197.3 billion	¥149.7 billion	0.03%	¥11K/m²
520	Kanie Town Aichi	¥346.7 billion	$2.2B	¥257.8 billion	¥88.9 billion	0.03%	¥86K/m²
521	Tanba City Hyogo	¥346.6 billion	$2.2B	¥207.3 billion	¥139.3 billion	0.03%	¥15K/m²
522	Naka City Ibaraki	¥346.0 billion	$2.2B	¥233.5 billion	¥112.5 billion	0.03%	¥21K/m²
523	Kannami Town Shizuoka	¥346.0 billion	$2.2B	¥271.0 billion	¥74.9 billion	0.03%	¥71K/m²
524	Seika Town Kyoto	¥345.7 billion	$2.2B	¥251.9 billion	¥93.7 billion	0.03%	¥73K/m²
525	Mitoyo City Kagawa	¥345.3 billion	$2.2B	¥207.4 billion	¥137.9 billion	0.03%	¥15K/m²
526	Chikugo City Fukuoka	¥343.7 billion	$2.2B	¥232.8 billion	¥110.9 billion	0.03%	¥44K/m²
527	Nishihara Town Okinawa	¥343.4 billion	$2.2B	¥268.4 billion	¥75.0 billion	0.03%	¥110K/m²
528	Kasai City Hyogo	¥343.0 billion	$2.2B	¥218.2 billion	¥124.8 billion	0.03%	¥29K/m²
529	Inabe City Mie	¥342.0 billion	$2.2B	¥201.5 billion	¥140.5 billion	0.03%	¥20K/m²
530	Togane City Chiba	¥341.5 billion	$2.2B	¥218.4 billion	¥123.1 billion	0.03%	¥25K/m²
531	Tome City Miyagi	¥340.4 billion	$2.2B	¥208.4 billion	¥132.0 billion	0.02%	¥10K/m²
532	Taiwa Town Miyagi	¥340.3 billion	$2.2B	¥223.8 billion	¥116.6 billion	0.02%	¥52K/m²
533	Makinohara City Shizuoka	¥340.1 billion	$2.2B	¥228.1 billion	¥112.0 billion	0.02%	¥25K/m²
534	Kato City Hyogo	¥338.7 billion	$2.1B	¥209.6 billion	¥129.2 billion	0.02%	¥27K/m²
535	Harima Town Hyogo	¥337.1 billion	$2.1B	¥259.8 billion	¥77.2 billion	0.02%	¥84K/m²
536	Sugito Town Saitama	¥336.1 billion	$2.1B	¥233.2 billion	¥102.9 billion	0.02%	¥58K/m²
537	Imari City Saga	¥334.9 billion	$2.1B	¥178.6 billion	¥156.3 billion	0.02%	¥23K/m²
538	Tonami City Toyama	¥334.4 billion	$2.1B	¥203.8 billion	¥130.6 billion	0.02%	¥33K/m²
539	Asahi City Chiba	¥332.0 billion	$2.1B	¥205.2 billion	¥126.8 billion	0.02%	¥16K/m²
540	Nogata City Fukuoka	¥331.4 billion	$2.1B	¥213.4 billion	¥117.9 billion	0.02%	¥21K/m²
541	Date City Fukushima	¥330.1 billion	$2.1B	¥222.1 billion	¥108.0 billion	0.02%	¥20K/m²
542	Fuso Town Aichi	¥329.4 billion	$2.1B	¥252.9 billion	¥76.4 billion	0.02%	¥72K/m²
543	Rokkasho Village Aomori	¥328.5 billion	$2.1B	¥42.7 billion	¥285.8 billion	0.02%	¥5,425/m²
544	Kurihara City Miyagi	¥327.6 billion	$2.1B	¥207.5 billion	¥120.1 billion	0.02%	¥10K/m²
545	Oizumi Town Gunma	¥327.4 billion	$2.1B	¥224.9 billion	¥102.4 billion	0.02%	¥30K/m²
546	Rifu Town Miyagi	¥323.9 billion	$2.1B	¥235.9 billion	¥88.0 billion	0.02%	¥65K/m²
547	Sakura City Tochigi	¥321.2 billion	$2.0B	¥200.9 billion	¥120.2 billion	0.02%	¥25K/m²
548	Tomioka City Gunma	¥320.2 billion	$2.0B	¥210.2 billion	¥110.0 billion	0.02%	¥23K/m²
549	Suzaka City Nagano	¥320.1 billion	$2.0B	¥215.7 billion	¥104.4 billion	0.02%	¥31K/m²
550	Shimotsuma City Ibaraki	¥319.7 billion	$2.0B	¥193.1 billion	¥126.5 billion	0.02%	¥18K/m²
551	Yachimata City Chiba	¥318.5 billion	$2.0B	¥201.5 billion	¥116.9 billion	0.02%	¥21K/m²
552	Yuki City Ibaraki	¥318.2 billion	$2.0B	¥210.2 billion	¥108.0 billion	0.02%	¥28K/m²
553	Futtsu City Chiba	¥317.9 billion	$2.0B	¥204.3 billion	¥113.6 billion	0.02%	¥16K/m²
554	Nihonmatsu City Fukushima	¥317.0 billion	$2.0B	¥202.4 billion	¥114.6 billion	0.02%	¥20K/m²
555	Mibu Town Tochigi	¥315.7 billion	$2.0B	¥212.2 billion	¥103.5 billion	0.02%	¥32K/m²
556	Iwade City Wakayama	¥315.5 billion	$2.0B	¥222.0 billion	¥93.5 billion	0.02%	¥38K/m²
557	Minamiuonuma City Niigata	¥314.5 billion	$2.0B	¥162.0 billion	¥152.5 billion	0.02%	¥15K/m²
558	Yame City Fukuoka	¥313.4 billion	$2.0B	¥195.1 billion	¥118.3 billion	0.02%	¥14K/m²
559	Tamana City Kumamoto	¥311.2 billion	$2.0B	¥187.4 billion	¥123.9 billion	0.02%	¥19K/m²
560	Okaya City Nagano	¥310.6 billion	$2.0B	¥211.1 billion	¥99.5 billion	0.02%	¥34K/m²
561	Miura City Kanagawa	¥310.1 billion	$2.0B	¥231.5 billion	¥78.5 billion	0.02%	¥66K/m²
562	Towada City Aomori	¥306.3 billion	$1.9B	¥190.9 billion	¥115.4 billion	0.02%	¥14K/m²
563	Koryo Town Nara	¥305.9 billion	$1.9B	¥246.0 billion	¥59.9 billion	0.02%	¥61K/m²
564	Kinokawa City Wakayama	¥305.5 billion	$1.9B	¥197.5 billion	¥108.0 billion	0.02%	¥20K/m²
565	Tateyama City Chiba	¥303.9 billion	$1.9B	¥204.3 billion	¥99.5 billion	0.02%	¥27K/m²
566	Ena City Gifu	¥303.0 billion	$1.9B	¥198.2 billion	¥104.9 billion	0.02%	¥18K/m²
567	Omitama City Ibaraki	¥302.6 billion	$1.9B	¥194.2 billion	¥108.4 billion	0.02%	¥14K/m²
568	Uozu City Toyama	¥302.6 billion	$1.9B	¥200.5 billion	¥102.1 billion	0.02%	¥31K/m²
569	Numata City Gunma	¥302.3 billion	$1.9B	¥214.0 billion	¥88.2 billion	0.02%	¥27K/m²
570	Oharu Town Aichi	¥299.6 billion	$1.9B	¥235.8 billion	¥63.8 billion	0.02%	¥79K/m²
571	Midori City Gunma	¥299.2 billion	$1.9B	¥199.3 billion	¥99.9 billion	0.02%	¥19K/m²
572	Higashine City Yamagata	¥299.1 billion	$1.9B	¥184.0 billion	¥115.1 billion	0.02%	¥29K/m²
573	Kurobe City Toyama	¥298.4 billion	$1.9B	¥180.0 billion	¥118.4 billion	0.02%	¥24K/m²
574	Masaki Town Ehime	¥298.0 billion	$1.9B	¥225.0 billion	¥73.1 billion	0.02%	¥65K/m²
575	Ozu Town Kumamoto	¥298.0 billion	$1.9B	¥175.2 billion	¥122.8 billion	0.02%	¥51K/m²
576	Shiogama City Miyagi	¥297.4 billion	$1.9B	¥202.9 billion	¥94.6 billion	0.02%	¥36K/m²
577	Takizawa City Iwate	¥296.9 billion	$1.9B	¥217.7 billion	¥79.2 billion	0.02%	¥36K/m²
578	Tomisato City Chiba	¥296.6 billion	$1.9B	¥185.6 billion	¥111.0 billion	0.02%	¥44K/m²
579	Uki City Kumamoto	¥296.4 billion	$1.9B	¥184.2 billion	¥112.2 billion	0.02%	¥22K/m²
580	Otake City Hiroshima	¥295.5 billion	$1.9B	¥227.7 billion	¥67.8 billion	0.02%	¥54K/m²
581	Nanjo City Okinawa	¥294.6 billion	$1.9B	¥197.7 billion	¥96.9 billion	0.02%	¥49K/m²
582	Murakami City Niigata	¥292.8 billion	$1.9B	¥183.7 billion	¥109.1 billion	0.02%	¥14K/m²
583	Hamada City Shimane	¥291.5 billion	$1.8B	¥178.3 billion	¥113.2 billion	0.02%	¥21K/m²
584	Kaminokawa Town Tochigi	¥291.0 billion	$1.8B	¥201.9 billion	¥89.1 billion	0.02%	¥30K/m²
585	Shimamoto Town Osaka	¥291.0 billion	$1.8B	¥214.6 billion	¥76.4 billion	0.02%	¥166K/m²
586	Nanto City Toyama	¥283.5 billion	$1.8B	¥174.1 billion	¥109.4 billion	0.02%	¥18K/m²
587	Chuo City Yamanashi	¥282.5 billion	$1.8B	¥187.5 billion	¥95.0 billion	0.02%	¥29K/m²
588	Miyoshi City Hiroshima	¥279.9 billion	$1.8B	¥180.6 billion	¥99.2 billion	0.02%	¥13K/m²
589	Komono Town Mie	¥279.7 billion	$1.8B	¥190.4 billion	¥89.3 billion	0.02%	¥33K/m²
590	Takeo City Saga	¥279.1 billion	$1.8B	¥173.9 billion	¥105.2 billion	0.02%	¥20K/m²
591	Miyako City Iwate	¥279.1 billion	$1.8B	¥197.3 billion	¥81.7 billion	0.02%	¥25K/m²
592	Ginan Town Gifu	¥279.0 billion	$1.8B	¥210.5 billion	¥68.5 billion	0.02%	¥58K/m²
593	Iwamizawa City Hokkaido	¥277.5 billion	$1.8B	¥133.8 billion	¥143.7 billion	0.02%	¥9,569/m²
594	Setouchi City Okayama	¥277.3 billion	$1.8B	¥182.1 billion	¥95.2 billion	0.02%	¥21K/m²
595	Sumoto City Hyogo	¥274.4 billion	$1.7B	¥165.6 billion	¥108.8 billion	0.02%	¥32K/m²
596	Kadena Town Okinawa	¥272.3 billion	$1.7B	¥246.4 billion	¥25.9 billion	0.02%	¥88K/m²
597	Nakano City Nagano	¥270.9 billion	$1.7B	¥165.9 billion	¥105.0 billion	0.02%	¥27K/m²
598	Yahaba Town Iwate	¥270.1 billion	$1.7B	¥201.1 billion	¥69.0 billion	0.02%	¥43K/m²
599	Sue Town Fukuoka	¥269.6 billion	$1.7B	¥211.7 billion	¥57.9 billion	0.02%	¥80K/m²
600	Takashima City Shiga	¥269.5 billion	$1.7B	¥172.1 billion	¥97.4 billion	0.02%	¥16K/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.