Minami Ward, Nagoya City Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 297
In short
- 1The trend has turned down
After rising earlier, condo prices per m² have slipped by about 1.2% a year over the last five years.
- 2Lagging Aichi
Per m², condos here are 37% below the Aichi average.
- 3A modest station premium
Condos within a 5-minute walk of a station sell for about 5% more per m² than those 11–15 minutes away.
- 4A family market
85% of recent condo sales have three or more bedrooms.
The answers, compared
What does a home cost?
¥12.0M
median used condo · ¥183k/m²
43% below the Aichi median
26 of 31 areas in Aichi, highest first
Are prices rising?
-18.2%
over 5 years
Slower than Aichi (+19.0%)
60 of 63 areas in Aichi, highest first
Can local earners afford it?
2.6× income
median price ÷ average taxable income
Easier than Aichi (4.9×)
58 of 61 areas in Aichi, highest first
Rent or buy?
20years of rent
median price ÷ a year of median rent
Shorter than Aichi (30)
58 of 61 areas in Aichi, highest first
Are people moving in?
-1.6%
population, 2020–25
Shrinking faster than Aichi (-1.2%)
36 of 64 areas in Aichi, highest first
How risky is it?
77%
chance of strong shaking (6-lower+) in 30 years
Higher than Aichi (56%)
3 of 64 areas in Aichi, highest first
Rent in Minami Ward, Nagoya City
The average private rental costs ¥57k a month (2023), +7.9% since 2018. Aichi: ¥61k
| Floor area | Typical layout | Average rent / month | Minami Ward, Nagoya CityAichi |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥45k vs 2018 +9.9% · Aichi: ¥48k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥59k vs 2018 +8.6% · Aichi: ¥58k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥71k vs 2018 +8.4% · Aichi: ¥68k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥82k vs 2018 +20.1% · Aichi: ¥82k | |
| 100–149 m² mostly houses | mostly houses | ¥52k vs 2018 -28.7% · Aichi: ¥75k |
- Rent per m²
- ¥1,632
- median, per month · Aichi: ¥1,453
- The median used condo (¥12.0M, 70 m²) costs about 12 years of average rent for a similar-sized home (¥82k a month).
- Excludes management fees, repair reserve, property tax and mortgage interest.
Source: Statistics Bureau of Japan, Housing and Land Survey 2023. Privately owned rentals (excluding rent-free homes), monthly rent without management fees. These averages include older homes, so they run below asking rents for newly listed units. 18,190 rented homes.
What the data says
The trend has turned down
After rising earlier, condo prices per m² have slipped by about 1.2% a year over the last five years. That often reflects weaker local demand, so check vacancy and population trends before buying.
Lagging Aichi
Per m², condos here are 37% below the Aichi average. Ten years ago the gap was 22%, so Minami Ward, Nagoya City has been falling behind the rest of Aichi.
A modest station premium
Condos within a 5-minute walk of a station sell for about 5% more per m² than those 11–15 minutes away. The penalty for a longer walk is mild, so it is worth widening your search radius.
A family market
85% of recent condo sales have three or more bedrooms. Demand comes mainly from owner-occupier families, which tends to make prices steadier but rental yields lower.
What a typical purchase costs
Half of all condo sales last year were between ¥7.2M and ¥20.0M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 1.6% between 2020 and 2025 (−1.2% for the wider area). More people moved out than in during 2025 (about 14.1 per 1,000 residents), which weakens long-term housing demand. Households still grew 5.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Typical vacancy
14.8% of homes were empty in 2023 (11.8% for the wider area), and 5.3% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.
Buying vs renting
A median used condo costs about 20.1 years of the area's median rent (¥50k a month), compared with 30 years for the wider area. That is a middle-of-the-road ratio for Japan. Rents here cover all rented homes, so treat this as a rough guide.
High earthquake risk
The government's seismic model gives a 77% chance of shaking of intensity 6-lower or stronger in the next 30 years (56% for the wider area). Check the building's earthquake standard (post-1981, ideally post-2000 for wooden houses) and consider earthquake insurance.
A typical condo costs 2.6 years of local income
Taxpayers in the city as a whole reported an average taxable income of ¥4.6m in 2023 (¥4.1m for the wider area). That is +18% since 2014. The median resale condo sold for about 2.6 times that, against 4.9 times for the wider area. A higher multiple means prices lean more on buyers from outside the area or on two incomes. Averages are pulled up by a few very high earners, so a typical household earns less than this.
Official land prices are edging up
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +2% in the year to January 2026 and +24% over five years. Because these sites don't change, this is the cleanest measure of land value trends.
Significant flood risk
Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 50% are inside the worst-case flood zone, 46% are in a tsunami inundation zone. Most worst-case flood zones are shallow (under 0.5 m) at the edges, so depth matters as much as the share. Check the hazard map for any specific address before buying.
Living in Minami Ward, Nagoya City: people, homes and risks
- Population 2025
- 132,308
- -1.6% since 2020
- Aichi: -1.2%
- Net moves in 2025
- -1,870
- -14.13 per 1,000 residents
- Aichi: -0.29
- Vacant homes (2023)
- 14.8%
- 5.3% empty and not for rent or sale
- Aichi: 11.8%
- Median rent (2023)
- ¥50k
- per month, all rented homes
- Aichi: ¥55k
- Strong earthquake risk
- 76.7%
- chance of shaking of intensity 6-lower or more within 30 years
- Aichi: 56.0%
- Average income per taxpayer
- ¥4.6M
- taxable income in 2023, citywide figure
- Aichi: ¥4.1M
- Daytime population
- 101
- people here by day per 100 residents (2020 census)
- Foreign residents
- 5.7%
- 7,546 registered residents in 2024
- Aichi: 4.3%
- Clinics
- 7.3
- per 10,000 residents; 12 hospitals, 71 dental clinics (2020)
- Aichi: 7.4
- Official land price 2026
- ¥173k/m²
- +2.2% in a year · +24.0% in 5 years
- Aichi: ¥109k/m²
- Flood exposure
- 50.0%
- of 28 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Aichi: 40.5%
- Tsunami exposure
- 46.4%
- of 28 benchmark sites in a tsunami inundation zone
- Aichi: 10.0%
- Landslide exposure
- 0.0%
- of 28 benchmark sites in a landslide warning area
- Aichi: 0.4%
Check flood, landslide and tsunami zones for a specific address on the government hazard map ↗
Sources: 2025 Census (preliminary), 2025 Internal Migration Report, 2023 Housing and Land Survey (Statistics Bureau of Japan); J-SHIS seismic hazard model (NIED, 2024); Land Price Publication (MLIT); recorded crime: Tokyo Metropolitan Police Department (Tokyo only); incomes: Ministry of Internal Affairs taxation survey via the Statistics Bureau's municipal indicators; foreign residents: Basic Resident Register; medical facilities and station passengers: MLIT National Land Numerical Information. Earthquake probability is measured at the municipal center.
Example sales in Minami Ward, Nagoya City
Real transactions from the last four quarters, picked near the lower (20th percentile), middle and upper (80th percentile) price points. Locations are shown at district level, as published by MLIT.
Condo
¥6.5M
¥72k/m²
- Yutaka
- Toyodahommachi · 7 min walk
- 4LDK · 90 m²
- Built 1981 (45 yrs) · SRC
¥13.0M
¥173k/m²
- Takiharucho
- Daidocho · 11 min walk
- 4LDK · 75 m²
- Built 1988 (38 yrs) · RC
¥24.0M
¥300k/m²
- Meiji
- Toyodahommachi · 8 min walk
- 4LDK · 80 m²
- Built 2009 (17 yrs) · RC
House
¥22.0M
¥56k/m²
- Minamino
- Motohoshizaki · 13 min walk
- Land 220 m² · floor 390 m²
- Built 1987 (38 yrs) · Steel
¥38.0M
¥400k/m²
- Takiharucho
- Daidocho · 9 min walk
- Land 165 m² · floor 95 m²
- Built 2026 (0 yrs) · Wood
¥79.0M
¥395k/m²
- Nishimatabeecho
- Oe(Aichi) · 4 min walk
- Land 135 m² · floor 200 m²
- Built 2026 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | – | ¥33.0M |
| 2006 | ¥12.0M | ¥32.0M |
| 2007 | ¥10.5M | ¥28.0M |
| 2008 | ¥11.0M | ¥34.0M |
| 2009 | ¥9.0M | ¥30.0M |
| 2010 | ¥12.5M | ¥28.0M |
| 2011 | ¥11.0M | ¥24.0M |
| 2012 | ¥10.0M | ¥24.5M |
| 2013 | ¥10.0M | ¥30.0M |
| 2014 | ¥9.8M | ¥28.0M |
| 2015 | ¥12.0M | ¥30.0M |
| 2016 | ¥13.5M | ¥30.5M |
| 2017 | ¥14.0M | ¥32.0M |
| 2018 | ¥13.0M | ¥31.0M |
| 2019 | ¥15.0M | ¥33.0M |
| 2020 | ¥16.0M | ¥32.0M |
| 2021 | ¥17.0M | ¥36.0M |
| 2022 | ¥14.5M | ¥34.0M |
| 2023 | ¥17.0M | ¥38.0M |
| 2024 | ¥14.0M | ¥35.5M |
| 2025 | ¥12.0M | ¥36.5M |
| 2026 (partial) | ¥14.5M | ¥42.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | – | ¥264k/m² | ¥140k/m² |
| 2006 | ¥171k/m² | ¥249k/m² | ¥140k/m² |
| 2007 | ¥160k/m² | ¥267k/m² | ¥145k/m² |
| 2008 | ¥169k/m² | ¥290k/m² | ¥150k/m² |
| 2009 | ¥147k/m² | ¥253k/m² | ¥130k/m² |
| 2010 | ¥186k/m² | ¥235k/m² | ¥140k/m² |
| 2011 | ¥150k/m² | ¥230k/m² | ¥130k/m² |
| 2012 | ¥150k/m² | ¥216k/m² | ¥120k/m² |
| 2013 | ¥158k/m² | ¥260k/m² | ¥120k/m² |
| 2014 | ¥145k/m² | ¥253k/m² | ¥130k/m² |
| 2015 | ¥181k/m² | ¥269k/m² | ¥120k/m² |
| 2016 | ¥200k/m² | ¥282k/m² | ¥120k/m² |
| 2017 | ¥200k/m² | ¥286k/m² | ¥130k/m² |
| 2018 | ¥188k/m² | ¥285k/m² | ¥120k/m² |
| 2019 | ¥213k/m² | ¥305k/m² | ¥140k/m² |
| 2020 | ¥224k/m² | ¥306k/m² | ¥140k/m² |
| 2021 | ¥231k/m² | ¥327k/m² | ¥140k/m² |
| 2022 | ¥215k/m² | ¥320k/m² | ¥160k/m² |
| 2023 | ¥243k/m² | ¥340k/m² | ¥160k/m² |
| 2024 | ¥229k/m² | ¥309k/m² | ¥170k/m² |
| 2025 | ¥183k/m² | ¥309k/m² | ¥160k/m² |
| 2026 (partial) | ¥207k/m² | ¥351k/m² | ¥160k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥378k/m² |
| 1 | – | ¥360k/m² |
| 8 | – | ¥310k/m² |
| 25 | ¥233k/m² | – |
| 27 | – | ¥200k/m² |
| 41 | ¥143k/m² | – |
| 42 | ¥116k/m² | – |
| 48 | – | ¥128k/m² |
| 50 | ¥83k/m² | ¥133k/m² |
Each line follows buildings from one construction period over time. 1981 is when Japan's current earthquake-resistance standard (shin-taishin) took effect.
Show data table
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2006 | – | – | ¥321k/m² | – |
| 2007 | – | ¥207k/m² | ¥327k/m² | – |
| 2008 | – | ¥211k/m² | ¥332k/m² | – |
| 2009 | – | ¥179k/m² | ¥322k/m² | – |
| 2010 | ¥133k/m² | ¥171k/m² | ¥310k/m² | – |
| 2011 | ¥111k/m² | ¥155k/m² | – | ¥280k/m² |
| 2012 | – | ¥152k/m² | – | ¥280k/m² |
| 2013 | – | ¥119k/m² | – | ¥316k/m² |
| 2014 | – | ¥173k/m² | – | ¥290k/m² |
| 2015 | ¥133k/m² | ¥192k/m² | – | ¥310k/m² |
| 2016 | – | ¥204k/m² | – | ¥310k/m² |
| 2017 | – | ¥168k/m² | – | ¥320k/m² |
| 2018 | – | ¥181k/m² | – | ¥327k/m² |
| 2019 | – | ¥150k/m² | – | ¥340k/m² |
| 2020 | – | ¥141k/m² | – | ¥326k/m² |
| 2021 | – | – | – | ¥360k/m² |
| 2022 | – | ¥174k/m² | – | – |
| 2024 | ¥119k/m² | ¥163k/m² | – | ¥321k/m² |
| 2025 | – | ¥190k/m² | – | ¥312k/m² |
Prices near train stations in Minami Ward, Nagoya City
Sales from 2023–2025, grouped by nearest station.
| Station | Median used condo price | Condo price per m² | Median house price (land + building) | Walk (min) | Sales | Daily passengers (2023) |
|---|---|---|---|---|---|---|
| Motokasadera (本笠寺) | ¥8.8M | ¥143k/m² | ¥41.0M | 7 | 66 | 4,827+3% vs 2019 |
| Dotoku (道徳) | ¥19.0M | ¥253k/m² | ¥39.0M | 8 | 64 | 5,586-4% vs 2019 |
| Toyodahommachi (豊田本町) | ¥11.0M | ¥160k/m² | ¥35.0M | 6 | 61 | 4,776-5% vs 2019 |
| Tsurusato (鶴里) | ¥19.5M | ¥258k/m² | ¥38.0M | 8 | 60 | 5,978-6% vs 2019 |
| Shibata(Aichi) (柴田) | – | – | ¥32.0M | 8 | 52 | 4,211-7% vs 2019 |
| Motohoshizaki (本星崎) | – | – | ¥33.5M | 10 | 51 | 4,067-9% vs 2019 |
| Oe(Aichi) (大江(愛知)) | – | – | ¥35.0M | 9 | 44 | 5,537-3% vs 2019 |
| Sakura(Aichi) (桜(愛知)) | – | – | ¥33.5M | 9 | 29 | 4,048-1% vs 2019 |
| Kasadera (笠寺) | ¥16.5M | ¥227k/m² | ¥35.0M | 8 | 28 | 15,233+21% vs 2019 |
| Sakura Hommachi (桜本町) | – | – | ¥50.0M | 6 | 28 | 7,350-9% vs 2019 |
| Yobitsugi (呼続) | – | – | ¥37.0M | 5 | 27 | 2,446+1% vs 2019 |
| Daidocho (大同町) | ¥6.2M | ¥93k/m² | ¥63.0M | 9 | 23 | 12,639-7% vs 2019 |
| Aratama Bashi (新瑞橋) | ¥39.5M | ¥515k/m² | – | 7 | 21 | 23,826-11% vs 2019 |
Used condo prices by layout in Minami Ward, Nagoya City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥15.0M | 70 m² | 77 |
| 4LDK | ¥18.0M | 75 m² | 33 |
| 2LDK | ¥12.0M | 62.5 m² | 12 |
How much does an apartment cost in Minami Ward, Nagoya City?
The median used condo (mansion) in Minami Ward, Nagoya City sold for ¥12.0M in 2025, about ¥183k/m², based on 49 recorded sales.
How much does a house cost in Minami Ward, Nagoya City?
The median house sale, including the land, was ¥36.5M in 2025 across 156 sales.
Are property prices in Minami Ward, Nagoya City going up?
Over the five years to 2025, condo prices per m² changed -18.2% and residential land prices changed +14.3%.
About this data
Figures are medians of real transactions reported to Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) through its quarterly price survey. House prices per m² divide the total price (land and building) by the floor area. Medians based on fewer than 20 sales are not shown. The latest quarters are preliminary and are revised as more survey responses arrive.
Information only, not investment advice.