Prefectures ranked by the estimated market value of all land and buildings, based on assessed values for fixed-asset tax (MIC survey); residential land is divided by 0.7 to bring it to the level of official land prices.
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 |
|---|---|---|---|---|---|---|---|
| 1 | Tokyo | ¥333.3 trillion | $2.1T | ¥285.8 trillion | ¥47.5 trillion | 24.0% | ¥547K/m² |
| 2 | Kanagawa | ¥121.1 trillion | $770.0B | ¥97.2 trillion | ¥23.9 trillion | 8.7% | ¥218K/m² |
| 3 | Osaka | ¥105.1 trillion | $668.6B | ¥80.0 trillion | ¥25.2 trillion | 7.6% | ¥168K/m² |
| 4 | Aichi | ¥99.2 trillion | $631.0B | ¥77.5 trillion | ¥21.7 trillion | 7.1% | ¥129K/m² |
| 5 | Saitama | ¥77.5 trillion | $492.6B | ¥60.9 trillion | ¥16.6 trillion | 5.6% | ¥142K/m² |
| 6 | Chiba | ¥61.2 trillion | $389.2B | ¥45.9 trillion | ¥15.3 trillion | 4.4% | ¥118K/m² |
| 7 | Hyogo | ¥54.8 trillion | $348.3B | ¥40.7 trillion | ¥14.0 trillion | 3.9% | ¥138K/m² |
| 8 | Fukuoka | ¥52.5 trillion | $334.0B | ¥39.4 trillion | ¥13.1 trillion | 3.8% | ¥100K/m² |
| 9 | Hokkaido | ¥38.1 trillion | $242.4B | ¥24.9 trillion | ¥13.2 trillion | 2.7% | ¥41K/m² |
| 10 | Shizuoka | ¥35.7 trillion | $227.1B | ¥26.1 trillion | ¥9.6 trillion | 2.6% | ¥69K/m² |
| 11 | Kyoto | ¥32.1 trillion | $204.2B | ¥25.9 trillion | ¥6.2 trillion | 2.3% | ¥148K/m² |
| 12 | Hiroshima | ¥26.1 trillion | $165.8B | ¥19.4 trillion | ¥6.7 trillion | 1.9% | ¥84K/m² |
| 13 | Miyagi | ¥22.3 trillion | $141.6B | ¥16.6 trillion | ¥5.7 trillion | 1.6% | ¥77K/m² |
| 14 | Ibaraki | ¥21.2 trillion | $134.9B | ¥13.9 trillion | ¥7.3 trillion | 1.5% | ¥36K/m² |
| 15 | Tochigi | ¥15.6 trillion | $99.2B | ¥10.7 trillion | ¥4.9 trillion | 1.1% | ¥35K/m² |
| 16 | Gifu | ¥15.6 trillion | $98.9B | ¥10.8 trillion | ¥4.7 trillion | 1.1% | ¥40K/m² |
| 17 | Gunma | ¥15.5 trillion | $98.8B | ¥10.7 trillion | ¥4.8 trillion | 1.1% | ¥35K/m² |
| 18 | Niigata | ¥15.5 trillion | $98.6B | ¥10.3 trillion | ¥5.2 trillion | 1.1% | ¥31K/m² |
| 19 | Okinawa | ¥15.4 trillion | $98.1B | ¥11.6 trillion | ¥3.9 trillion | 1.1% | ¥99K/m² |
| 20 | Okayama | ¥15.1 trillion | $96.1B | ¥10.8 trillion | ¥4.3 trillion | 1.1% | ¥40K/m² |
| 21 | Nagano | ¥15.0 trillion | $95.6B | ¥10.2 trillion | ¥4.9 trillion | 1.1% | ¥31K/m² |
| 22 | Fukushima | ¥13.5 trillion | $86.1B | ¥9.4 trillion | ¥4.1 trillion | 0.97% | ¥31K/m² |
| 23 | Mie | ¥13.0 trillion | $82.6B | ¥8.7 trillion | ¥4.3 trillion | 0.93% | ¥35K/m² |
| 24 | Kumamoto | ¥12.4 trillion | $79.1B | ¥8.4 trillion | ¥4.0 trillion | 0.89% | ¥43K/m² |
| 25 | Shiga | ¥11.9 trillion | $75.4B | ¥8.2 trillion | ¥3.7 trillion | 0.85% | ¥53K/m² |
| 26 | Ehime | ¥10.7 trillion | $67.8B | ¥7.6 trillion | ¥3.1 trillion | 0.77% | ¥41K/m² |
| 27 | Nara | ¥10.5 trillion | $66.9B | ¥8.1 trillion | ¥2.4 trillion | 0.76% | ¥63K/m² |
| 28 | Kagoshima | ¥10.3 trillion | $65.5B | ¥6.8 trillion | ¥3.5 trillion | 0.74% | ¥35K/m² |
| 29 | Ishikawa | ¥9.4 trillion | $59.6B | ¥6.6 trillion | ¥2.8 trillion | 0.67% | ¥55K/m² |
| 30 | Yamaguchi | ¥8.9 trillion | $56.6B | ¥5.9 trillion | ¥3.0 trillion | 0.64% | ¥30K/m² |
| 31 | Toyama | ¥7.7 trillion | $48.7B | ¥5.0 trillion | ¥2.6 trillion | 0.55% | ¥34K/m² |
| 32 | Nagasaki | ¥7.6 trillion | $48.5B | ¥4.9 trillion | ¥2.7 trillion | 0.55% | ¥33K/m² |
| 33 | Iwate | ¥7.6 trillion | $48.4B | ¥5.0 trillion | ¥2.6 trillion | 0.55% | ¥30K/m² |
| 34 | Oita | ¥7.5 trillion | $47.9B | ¥4.9 trillion | ¥2.6 trillion | 0.54% | ¥38K/m² |
| 35 | Kagawa | ¥6.8 trillion | $43.4B | ¥4.4 trillion | ¥2.4 trillion | 0.49% | ¥39K/m² |
| 36 | Yamagata | ¥6.7 trillion | $42.4B | ¥4.4 trillion | ¥2.2 trillion | 0.48% | ¥23K/m² |
| 37 | Miyazaki | ¥6.6 trillion | $42.0B | ¥4.4 trillion | ¥2.3 trillion | 0.47% | ¥29K/m² |
| 38 | Aomori | ¥6.5 trillion | $41.5B | ¥4.0 trillion | ¥2.5 trillion | 0.47% | ¥20K/m² |
| 39 | Wakayama | ¥6.3 trillion | $40.1B | ¥4.4 trillion | ¥1.9 trillion | 0.45% | ¥38K/m² |
| 40 | Yamanashi | ¥6.2 trillion | $39.2B | ¥4.2 trillion | ¥2.0 trillion | 0.44% | ¥27K/m² |
| 41 | Fukui | ¥5.7 trillion | $36.5B | ¥3.7 trillion | ¥2.0 trillion | 0.41% | ¥34K/m² |
| 42 | Saga | ¥5.4 trillion | $34.1B | ¥3.5 trillion | ¥1.8 trillion | 0.39% | ¥29K/m² |
| 43 | Tokushima | ¥5.2 trillion | $33.4B | ¥3.6 trillion | ¥1.7 trillion | 0.38% | ¥37K/m² |
| 44 | Akita | ¥4.8 trillion | $30.7B | ¥2.9 trillion | ¥1.9 trillion | 0.35% | ¥17K/m² |
| 45 | Kochi | ¥4.6 trillion | $29.2B | ¥3.2 trillion | ¥1.3 trillion | 0.33% | ¥39K/m² |
| 46 | Shimane | ¥4.0 trillion | $25.4B | ¥2.6 trillion | ¥1.4 trillion | 0.29% | ¥25K/m² |
| 47 | Tottori | ¥3.3 trillion | $20.9B | ¥2.2 trillion | ¥1.1 trillion | 0.24% | ¥23K/m² |
47 areas · calculated Nov 1, 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.
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.