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
601	Kasumigaura City Ibaraki	¥268.7 billion	$1.7B	¥178.8 billion	¥89.8 billion	0.02%	¥18K/m²
602	Umi Town Fukuoka	¥267.2 billion	$1.7B	¥201.2 billion	¥66.1 billion	0.02%	¥75K/m²
603	Aizumi Town Tokushima	¥266.5 billion	$1.7B	¥191.8 billion	¥74.7 billion	0.02%	¥47K/m²
604	Hannan City Osaka	¥265.9 billion	$1.7B	¥187.1 billion	¥78.8 billion	0.02%	¥38K/m²
605	Fujikawaguchiko Town Yamanashi	¥265.2 billion	$1.7B	¥170.5 billion	¥94.8 billion	0.02%	¥24K/m²
606	Maibara City Shiga	¥264.6 billion	$1.7B	¥162.7 billion	¥101.9 billion	0.02%	¥27K/m²
607	Tamamura Town Gunma	¥264.6 billion	$1.7B	¥191.7 billion	¥72.9 billion	0.02%	¥34K/m²
608	Agui Town Aichi	¥262.9 billion	$1.7B	¥200.7 billion	¥62.1 billion	0.02%	¥70K/m²
609	Kurayoshi City Tottori	¥262.6 billion	$1.7B	¥165.0 billion	¥97.6 billion	0.02%	¥20K/m²
610	Nanao City Ishikawa	¥262.3 billion	$1.7B	¥144.1 billion	¥118.2 billion	0.02%	¥15K/m²
611	Yoshida Town Shizuoka	¥261.3 billion	$1.7B	¥171.1 billion	¥90.2 billion	0.02%	¥34K/m²
612	Motosu City Gifu	¥261.3 billion	$1.7B	¥173.6 billion	¥87.6 billion	0.02%	¥23K/m²
613	Otofuke Town Hokkaido	¥260.8 billion	$1.7B	¥170.0 billion	¥90.8 billion	0.02%	¥26K/m²
614	Kitaibaraki City Ibaraki	¥260.8 billion	$1.7B	¥161.6 billion	¥99.2 billion	0.02%	¥20K/m²
615	Arao City Kumamoto	¥260.3 billion	$1.6B	¥164.0 billion	¥96.3 billion	0.02%	¥22K/m²
616	Tawaramoto Town Nara	¥260.3 billion	$1.6B	¥203.1 billion	¥57.2 billion	0.02%	¥69K/m²
617	Soma City Fukushima	¥260.0 billion	$1.6B	¥173.7 billion	¥86.3 billion	0.02%	¥28K/m²
618	Minamiawaji City Hyogo	¥259.8 billion	$1.6B	¥139.7 billion	¥120.1 billion	0.02%	¥22K/m²
619	Showa Town Yamanashi	¥259.6 billion	$1.6B	¥178.9 billion	¥80.7 billion	0.02%	¥52K/m²
620	Mashiki Town Kumamoto	¥257.4 billion	$1.6B	¥168.8 billion	¥88.6 billion	0.02%	¥40K/m²
621	Kikuchi City Kumamoto	¥256.8 billion	$1.6B	¥138.6 billion	¥118.1 billion	0.02%	¥16K/m²
622	Ninomiya Town Kanagawa	¥256.7 billion	$1.6B	¥213.2 billion	¥43.5 billion	0.02%	¥87K/m²
623	Shima City Mie	¥256.7 billion	$1.6B	¥144.3 billion	¥112.4 billion	0.02%	¥13K/m²
624	Yorii Town Saitama	¥256.6 billion	$1.6B	¥140.8 billion	¥115.8 billion	0.02%	¥26K/m²
625	Toyoyama Town Aichi	¥255.5 billion	$1.6B	¥185.7 billion	¥69.8 billion	0.02%	¥97K/m²
626	Nasu Town Tochigi	¥254.7 billion	$1.6B	¥138.7 billion	¥116.0 billion	0.02%	¥8,613/m²
627	Sanuki City Kagawa	¥254.4 billion	$1.6B	¥160.7 billion	¥93.7 billion	0.02%	¥21K/m²
628	Oamishirasato City Chiba	¥253.0 billion	$1.6B	¥169.4 billion	¥83.6 billion	0.02%	¥30K/m²
629	Omaezaki City Shizuoka	¥252.9 billion	$1.6B	¥121.1 billion	¥131.7 billion	0.02%	¥18K/m²
630	Sagae City Yamagata	¥252.7 billion	$1.6B	¥165.4 billion	¥87.3 billion	0.02%	¥27K/m²
631	Katsuragi City Nara	¥252.5 billion	$1.6B	¥180.3 billion	¥72.2 billion	0.02%	¥55K/m²
632	Nagayo Town Nagasaki	¥252.5 billion	$1.6B	¥183.8 billion	¥68.7 billion	0.02%	¥56K/m²
633	Awaji City Hyogo	¥251.0 billion	$1.6B	¥144.7 billion	¥106.4 billion	0.02%	¥29K/m²
634	Itoigawa City Niigata	¥250.6 billion	$1.6B	¥162.5 billion	¥88.1 billion	0.02%	¥22K/m²
635	Kitanakagusuku Village Okinawa	¥250.5 billion	$1.6B	¥189.2 billion	¥61.4 billion	0.02%	¥93K/m²
636	Mitsuke City Niigata	¥249.6 billion	$1.6B	¥163.5 billion	¥86.1 billion	0.02%	¥23K/m²
637	Taishi Town Hyogo	¥249.2 billion	$1.6B	¥184.3 billion	¥64.9 billion	0.02%	¥57K/m²
638	Gosen City Niigata	¥248.8 billion	$1.6B	¥157.0 billion	¥91.9 billion	0.02%	¥21K/m²
639	Izu City Shizuoka	¥248.2 billion	$1.6B	¥170.9 billion	¥77.4 billion	0.02%	¥35K/m²
640	Toon City Ehime	¥245.8 billion	$1.6B	¥172.1 billion	¥73.7 billion	0.02%	¥41K/m²
641	Tamba Sasayama City Hyogo	¥245.2 billion	$1.6B	¥159.2 billion	¥86.0 billion	0.02%	¥19K/m²
642	Izumi City Kagoshima	¥244.7 billion	$1.5B	¥136.8 billion	¥107.9 billion	0.02%	¥11K/m²
643	Noshiro City Akita	¥244.6 billion	$1.5B	¥133.0 billion	¥111.6 billion	0.02%	¥11K/m²
644	Kumatori Town Osaka	¥244.5 billion	$1.5B	¥176.8 billion	¥67.7 billion	0.02%	¥51K/m²
645	Sanmu City Chiba	¥243.5 billion	$1.5B	¥154.0 billion	¥89.5 billion	0.02%	¥13K/m²
646	Komatsushima City Tokushima	¥243.1 billion	$1.5B	¥171.4 billion	¥71.7 billion	0.02%	¥30K/m²
647	Sasaguri Town Fukuoka	¥243.1 billion	$1.5B	¥175.0 billion	¥68.1 billion	0.02%	¥83K/m²
648	Miyashiro Town Saitama	¥242.3 billion	$1.5B	¥175.4 billion	¥66.9 billion	0.02%	¥56K/m²
649	Hitachiota City Ibaraki	¥240.6 billion	$1.5B	¥156.0 billion	¥84.6 billion	0.02%	¥18K/m²
650	Akaiwa City Okayama	¥240.5 billion	$1.5B	¥155.9 billion	¥84.7 billion	0.02%	¥15K/m²
651	Oyama Town Shizuoka	¥239.4 billion	$1.5B	¥162.6 billion	¥76.8 billion	0.02%	¥34K/m²
652	Fuchu City Hiroshima	¥238.3 billion	$1.5B	¥164.7 billion	¥73.6 billion	0.02%	¥22K/m²
653	Tokamachi City Niigata	¥237.7 billion	$1.5B	¥136.7 billion	¥101.0 billion	0.02%	¥13K/m²
654	Tagawa City Fukuoka	¥237.5 billion	$1.5B	¥150.4 billion	¥87.1 billion	0.02%	¥19K/m²
655	Shimabara City Nagasaki	¥237.5 billion	$1.5B	¥152.3 billion	¥85.1 billion	0.02%	¥20K/m²
656	Kyotango City Kyoto	¥237.0 billion	$1.5B	¥143.9 billion	¥93.0 billion	0.02%	¥13K/m²
657	Yaese Town Okinawa	¥236.8 billion	$1.5B	¥171.0 billion	¥65.8 billion	0.02%	¥76K/m²
658	Nishiwaki City Hyogo	¥236.3 billion	$1.5B	¥152.7 billion	¥83.6 billion	0.02%	¥19K/m²
659	Yufu City Oita	¥236.2 billion	$1.5B	¥158.0 billion	¥78.1 billion	0.02%	¥23K/m²
660	Usa City Oita	¥236.2 billion	$1.5B	¥132.5 billion	¥103.7 billion	0.02%	¥9,867/m²
661	Iyo City Ehime	¥233.3 billion	$1.5B	¥164.9 billion	¥68.5 billion	0.02%	¥31K/m²
662	Yamaga City Kumamoto	¥232.8 billion	$1.5B	¥144.2 billion	¥88.5 billion	0.02%	¥14K/m²
663	Shibata Town Miyagi	¥231.4 billion	$1.5B	¥160.3 billion	¥71.2 billion	0.02%	¥32K/m²
664	Yoshinogawa City Tokushima	¥230.5 billion	$1.5B	¥160.6 billion	¥69.9 billion	0.02%	¥22K/m²
665	Sado City Niigata	¥229.9 billion	$1.5B	¥142.8 billion	¥87.1 billion	0.02%	¥9,931/m²
666	Masuda City Shimane	¥229.6 billion	$1.5B	¥148.9 billion	¥80.7 billion	0.02%	¥19K/m²
667	Hokuto City Hokkaido	¥229.1 billion	$1.5B	¥146.6 billion	¥82.5 billion	0.02%	¥22K/m²
668	Mizunami City Gifu	¥228.7 billion	$1.4B	¥148.3 billion	¥80.4 billion	0.02%	¥29K/m²
669	Inami Town Hyogo	¥227.9 billion	$1.4B	¥163.8 billion	¥64.1 billion	0.02%	¥44K/m²
670	Komoro City Nagano	¥226.5 billion	$1.4B	¥139.0 billion	¥87.5 billion	0.02%	¥19K/m²
671	Motomiya City Fukushima	¥226.1 billion	$1.4B	¥139.1 billion	¥87.1 billion	0.02%	¥19K/m²
672	Kobayashi City Miyazaki	¥225.8 billion	$1.4B	¥140.8 billion	¥85.0 billion	0.02%	¥14K/m²
673	Nichinan City Miyazaki	¥225.7 billion	$1.4B	¥136.6 billion	¥89.1 billion	0.02%	¥16K/m²
674	Gujo City Gifu	¥225.3 billion	$1.4B	¥143.9 billion	¥81.4 billion	0.02%	¥22K/m²
675	Sakuragawa City Ibaraki	¥224.8 billion	$1.4B	¥151.2 billion	¥73.6 billion	0.02%	¥16K/m²
676	Oyamazaki Town Kyoto	¥223.8 billion	$1.4B	¥182.4 billion	¥41.4 billion	0.02%	¥154K/m²
677	Nirasaki City Yamanashi	¥223.7 billion	$1.4B	¥142.7 billion	¥81.0 billion	0.02%	¥29K/m²
678	Ozu City Ehime	¥223.4 billion	$1.4B	¥144.4 billion	¥79.0 billion	0.02%	¥27K/m²
679	Togitsu Town Nagasaki	¥223.4 billion	$1.4B	¥154.8 billion	¥68.6 billion	0.02%	¥60K/m²
680	Kaizu City Gifu	¥223.4 billion	$1.4B	¥159.6 billion	¥63.8 billion	0.02%	¥19K/m²
681	Himi City Toyama	¥223.3 billion	$1.4B	¥140.8 billion	¥82.5 billion	0.02%	¥25K/m²
682	Hagi City Yamaguchi	¥223.2 billion	$1.4B	¥143.6 billion	¥79.6 billion	0.02%	¥13K/m²
683	Hioki City Kagoshima	¥222.2 billion	$1.4B	¥134.4 billion	¥87.8 billion	0.02%	¥16K/m²
684	Takanezawa Town Tochigi	¥221.8 billion	$1.4B	¥155.3 billion	¥66.5 billion	0.02%	¥28K/m²
685	Ogi City Saga	¥219.7 billion	$1.4B	¥139.1 billion	¥80.6 billion	0.02%	¥23K/m²
686	Agano City Niigata	¥217.7 billion	$1.4B	¥134.9 billion	¥82.8 billion	0.02%	¥14K/m²
687	Ikaruga Town Nara	¥217.1 billion	$1.4B	¥174.5 billion	¥42.6 billion	0.02%	¥76K/m²
688	Maniwa City Okayama	¥217.1 billion	$1.4B	¥131.6 billion	¥85.4 billion	0.02%	¥12K/m²
689	Namerikawa City Toyama	¥215.5 billion	$1.4B	¥126.9 billion	¥88.6 billion	0.01%	¥21K/m²
690	Kaisei Town Kanagawa	¥215.0 billion	$1.4B	¥165.7 billion	¥49.3 billion	0.01%	¥101K/m²
691	Matsubushi Town Saitama	¥214.6 billion	$1.4B	¥163.0 billion	¥51.6 billion	0.01%	¥58K/m²
692	Misawa City Aomori	¥213.6 billion	$1.4B	¥142.5 billion	¥71.1 billion	0.01%	¥19K/m²
693	Yanai City Yamaguchi	¥213.6 billion	$1.4B	¥146.2 billion	¥67.5 billion	0.01%	¥27K/m²
694	Kitakata City Fukushima	¥213.4 billion	$1.4B	¥134.0 billion	¥79.4 billion	0.01%	¥11K/m²
695	Oi Town Kanagawa	¥213.3 billion	$1.4B	¥164.7 billion	¥48.6 billion	0.01%	¥61K/m²
696	Inagawa Town Hyogo	¥213.1 billion	$1.3B	¥130.6 billion	¥82.5 billion	0.01%	¥42K/m²
697	Kamaishi City Iwate	¥212.6 billion	$1.3B	¥139.5 billion	¥73.1 billion	0.01%	¥37K/m²
698	Hokota City Ibaraki	¥212.6 billion	$1.3B	¥128.2 billion	¥84.5 billion	0.01%	¥9,906/m²
699	Tsubata Town Ishikawa	¥212.2 billion	$1.3B	¥146.8 billion	¥65.4 billion	0.01%	¥47K/m²
700	Nakagusuku Village Okinawa	¥211.5 billion	$1.3B	¥160.6 billion	¥50.9 billion	0.01%	¥99K/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.