Naka Ward (Nagoya) Housing Market 2026: Population Up 16%, Prices Doubled
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 466
In short
- 1Nagoya's centre is booming
Naka Ward covers Sakae, Fushimi and Osu.
- 2Towers and studios
More than half of condo sales are studios; the 20 m² 1K at about ¥16M is the most traded home.
- 3High vacancy, good yields
Vacancy is about 18%, the highest of Nagoya's wards.
- 4Low flood risk, real quake risk
None of Naka's benchmark sites are in a flood, tsunami or landslide zone: the ward sits on the Atsuta plateau.
The answers, compared
What does a home cost?
¥21.0M
median used condo · ¥767k/m²
2.4× the Aichi median
1 of 31 areas in Aichi, highest first
Are prices rising?
+59.7%
over 5 years
Faster than Aichi (+19.0%)
5 of 63 areas in Aichi, highest first
Can local earners afford it?
4.6× income
median price ÷ average taxable income
In line with Aichi (4.9×)
42 of 61 areas in Aichi, highest first
Rent or buy?
26years of rent
median price ÷ a year of median rent
Shorter than Aichi (30)
43 of 61 areas in Aichi, highest first
Are people moving in?
+15.6%
population, 2020–25
Growing while Aichi shrinks (-1.2%)
1 of 64 areas in Aichi, highest first
How risky is it?
48%
chance of strong shaking (6-lower+) in 30 years
Lower than Aichi (56%)
44 of 64 areas in Aichi, highest first
Rent in Naka Ward, Nagoya City
The average private rental costs ¥74k a month (2023), +7.3% since 2018. Aichi: ¥61k
| Floor area | Typical layout | Average rent / month | Naka Ward, Nagoya CityAichi |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥59k vs 2018 +5.3% · Aichi: ¥48k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥78k vs 2018 +14.7% · Aichi: ¥58k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥106k vs 2018 +14.5% · Aichi: ¥68k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥107k vs 2018 +2.9% · Aichi: ¥82k | |
| 100–149 m² mostly houses | mostly houses | ¥92k vs 2018 -9.8% · Aichi: ¥75k | |
| 150 m² + mostly houses | mostly houses | ¥151k vs 2018 +199.8% · Aichi: ¥71k |
- Rent per m²
- ¥2,285
- median, per month · Aichi: ¥1,453
- The median used condo (¥21.0M, 25 m²) costs about 30 years of average rent for a similar-sized home (¥59k 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. 39,890 rented homes.
Nagoya's centre is booming
Naka Ward covers Sakae, Fushimi and Osu. Its population grew 15.6% between 2020 and 2025, the most of Nagoya's 16 wards, while Aichi shrank 1.2%. In 2025 it had the strongest net inflow from the rest of Japan of any Nagoya ward, about 15 per 1,000 residents.
Prices
Condos cost about ¥0.77M per m² in 2025, up from ¥0.27M in 2015, and now 2.2 times the Aichi average, up from 1.2 times ten years ago. Prices per m² rose about 9.5% a year over the past five years, slower than the 13% before. Benchmark residential land rose about 137% over ten years. The median condo sold for about ¥21M.
Towers and studios
More than half of condo sales are studios; the 20 m² 1K at about ¥16M is the most traded home. Sales rose 25% in 2025. Shinsakae-Machi and Yaba-Cho are the priciest busy stations at about ¥0.8M per m². Condos lose value fast: half the price is gone by about 27 years old.
High vacancy, good yields
Vacancy is about 18%, the highest of Nagoya's wards. A median condo costs about 26 years of median rent, better than the Aichi average.
Low flood risk, real quake risk
None of Naka's benchmark sites are in a flood, tsunami or landslide zone: the ward sits on the Atsuta plateau. Earthquake probability (about 48% for 6-lower in 30 years) reflects the Nankai Trough. The Nagoya Station, Fushimi and Sakae renewal area covers the ward.
Living in Naka Ward, Nagoya City: people, homes and risks
- Population 2025
- 107,614
- +15.6% since 2020
- Aichi: -1.2%
- Net moves in 2025
- +1,561
- +14.51 per 1,000 residents
- Aichi: -0.29
- Vacant homes (2023)
- 17.6%
- 5.1% empty and not for rent or sale
- Aichi: 11.8%
- Median rent (2023)
- ¥68k
- per month, all rented homes
- Aichi: ¥55k
- Strong earthquake risk
- 47.5%
- 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
- 316
- people here by day per 100 residents (2020 census)
- Foreign residents
- 10.9%
- 10,806 registered residents in 2024
- Aichi: 4.3%
- Clinics
- 23.3
- per 10,000 residents; 8 hospitals, 156 dental clinics (2020)
- Aichi: 7.4
- Official land price 2026
- ¥1.1M/m²
- +3.8% in a year · +44.1% in 5 years
- Aichi: ¥109k/m²
- Flood exposure
- 0.0%
- of 46 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Aichi: 40.5%
- Landslide exposure
- 0.0%
- of 46 benchmark sites in a landslide warning area
- Aichi: 0.4%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Nagoya Station, Fushimi and Sakae · 401 ha · designated 2002 · Specified zone (highest priority)
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 Naka 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
¥16.0M
¥800k/m²
- Osu
- Yaba Cho · 4 min walk
- 1K · 20 m²
- Built 2009 (17 yrs) · RC
¥21.0M
¥1.1M/m²
- Aoi
- Shinsakae Machi(Aichi) · 2 min walk
- 1K · 20 m²
- Built 2021 (5 yrs) · RC
¥37.0M
¥529k/m²
- Chiyoda
- Higashi Betsuin · 6 min walk
- 2LDK · 70 m²
- Built 2007 (19 yrs) · RC
House
¥85.0M
¥167k/m²
- Shinsakae
- Shinsakae Machi(Aichi) · 9 min walk
- Land 140 m² · floor 510 m²
- Built 1972 (53 yrs) · RC
¥220M
¥247k/m²
- Chiyoda
- Higashi Betsuin · 6 min walk
- Land 200 m² · floor 890 m²
- Built 1986 (40 yrs) · SRC
¥480M
¥369k/m²
- Shinsakae
- Shinsakae Machi(Aichi) · 8 min walk
- Land 410 m² · floor 1300 m²
- Built 2011 (15 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥6.0M | ¥99.0M |
| 2006 | ¥12.0M | ¥145M |
| 2007 | ¥11.0M | ¥240M |
| 2008 | ¥10.0M | ¥195M |
| 2009 | ¥13.0M | ¥180M |
| 2010 | ¥11.0M | ¥87.5M |
| 2011 | ¥11.0M | ¥90.0M |
| 2012 | ¥9.2M | ¥110M |
| 2013 | ¥12.0M | ¥100M |
| 2014 | ¥9.1M | ¥110M |
| 2015 | ¥14.0M | ¥120M |
| 2016 | ¥14.5M | ¥92.0M |
| 2017 | ¥14.0M | ¥140M |
| 2018 | ¥14.0M | ¥120M |
| 2019 | ¥14.0M | ¥130M |
| 2020 | ¥15.0M | ¥160M |
| 2021 | ¥16.0M | ¥290M |
| 2022 | ¥16.0M | ¥280M |
| 2023 | ¥17.0M | ¥260M |
| 2024 | ¥18.0M | ¥280M |
| 2025 | ¥21.0M | ¥170M |
| 2026 (partial) | ¥19.0M | – |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥187k/m² | ¥259k/m² | ¥420k/m² |
| 2006 | ¥243k/m² | ¥269k/m² | ¥490k/m² |
| 2007 | ¥260k/m² | ¥352k/m² | ¥585k/m² |
| 2008 | ¥233k/m² | ¥319k/m² | ¥495k/m² |
| 2009 | ¥227k/m² | ¥257k/m² | ¥385k/m² |
| 2010 | ¥228k/m² | ¥175k/m² | ¥285k/m² |
| 2011 | ¥257k/m² | ¥182k/m² | ¥340k/m² |
| 2012 | ¥204k/m² | ¥205k/m² | ¥260k/m² |
| 2013 | ¥243k/m² | ¥206k/m² | ¥310k/m² |
| 2014 | ¥227k/m² | ¥253k/m² | ¥330k/m² |
| 2015 | ¥273k/m² | ¥282k/m² | ¥390k/m² |
| 2016 | ¥355k/m² | ¥343k/m² | ¥330k/m² |
| 2017 | ¥371k/m² | ¥414k/m² | ¥385k/m² |
| 2018 | ¥457k/m² | ¥278k/m² | ¥485k/m² |
| 2019 | ¥450k/m² | ¥398k/m² | ¥445k/m² |
| 2020 | ¥480k/m² | ¥324k/m² | ¥560k/m² |
| 2021 | ¥600k/m² | ¥375k/m² | ¥625k/m² |
| 2022 | ¥600k/m² | ¥385k/m² | ¥550k/m² |
| 2023 | ¥650k/m² | ¥447k/m² | ¥595k/m² |
| 2024 | ¥700k/m² | ¥441k/m² | ¥610k/m² |
| 2025 | ¥767k/m² | ¥296k/m² | ¥800k/m² |
| 2026 (partial) | ¥700k/m² | – | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥950k/m² | ¥500k/m² |
| 1 | ¥867k/m² | – |
| 2 | ¥807k/m² | – |
| 3 | ¥800k/m² | – |
| 4 | ¥790k/m² | – |
| 5 | ¥800k/m² | – |
| 6 | ¥788k/m² | – |
| 7 | ¥750k/m² | – |
| 8 | ¥750k/m² | – |
| 9 | ¥740k/m² | – |
| 10 | ¥676k/m² | – |
| 11 | ¥706k/m² | – |
| 12 | ¥680k/m² | – |
| 13 | ¥700k/m² | – |
| 14 | ¥700k/m² | – |
| 15 | ¥700k/m² | – |
| 16 | ¥750k/m² | – |
| 17 | ¥650k/m² | – |
| 18 | ¥617k/m² | – |
| 19 | ¥550k/m² | – |
| 20 | ¥512k/m² | – |
| 21 | ¥514k/m² | – |
| 22 | ¥562k/m² | – |
| 23 | ¥406k/m² | – |
| 24 | ¥429k/m² | – |
| 25 | ¥431k/m² | – |
| 26 | ¥400k/m² | – |
| 27 | ¥435k/m² | – |
| 28 | ¥374k/m² | – |
| 29 | ¥300k/m² | – |
| 30 | ¥340k/m² | – |
| 31 | ¥300k/m² | – |
| 32 | ¥310k/m² | – |
| 33 | ¥258k/m² | – |
| 34 | ¥220k/m² | – |
| 35 | ¥260k/m² | – |
| 36 | ¥213k/m² | – |
| 37 | ¥231k/m² | – |
| 38 | ¥300k/m² | – |
| 39 | ¥252k/m² | – |
| 40 | ¥297k/m² | – |
| 41 | ¥207k/m² | – |
| 42 | ¥250k/m² | – |
| 43 | ¥273k/m² | – |
| 44 | ¥247k/m² | – |
| 45 | ¥225k/m² | – |
| 46 | ¥230k/m² | – |
| 47 | ¥240k/m² | – |
| 48 | ¥236k/m² | – |
| 49 | ¥201k/m² | – |
| 50 | ¥212k/m² | ¥289k/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 | ¥195k/m² | ¥225k/m² | ¥333k/m² | – |
| 2007 | ¥190k/m² | ¥260k/m² | ¥500k/m² | – |
| 2008 | ¥162k/m² | ¥240k/m² | – | – |
| 2009 | ¥153k/m² | ¥226k/m² | ¥400k/m² | – |
| 2010 | ¥130k/m² | ¥225k/m² | ¥400k/m² | – |
| 2011 | ¥150k/m² | ¥227k/m² | ¥436k/m² | – |
| 2012 | ¥125k/m² | ¥192k/m² | ¥387k/m² | – |
| 2013 | ¥144k/m² | ¥190k/m² | ¥400k/m² | ¥634k/m² |
| 2014 | ¥173k/m² | ¥205k/m² | ¥415k/m² | – |
| 2015 | ¥169k/m² | ¥236k/m² | ¥442k/m² | ¥657k/m² |
| 2016 | ¥187k/m² | ¥250k/m² | ¥475k/m² | ¥680k/m² |
| 2017 | ¥200k/m² | ¥253k/m² | ¥514k/m² | ¥600k/m² |
| 2018 | ¥191k/m² | ¥266k/m² | ¥500k/m² | ¥600k/m² |
| 2019 | ¥225k/m² | ¥264k/m² | ¥560k/m² | ¥641k/m² |
| 2020 | ¥200k/m² | ¥300k/m² | ¥600k/m² | ¥650k/m² |
| 2021 | ¥223k/m² | ¥327k/m² | ¥640k/m² | ¥691k/m² |
| 2022 | ¥231k/m² | ¥290k/m² | ¥650k/m² | ¥680k/m² |
| 2023 | ¥223k/m² | ¥257k/m² | ¥650k/m² | ¥720k/m² |
| 2024 | ¥223k/m² | ¥275k/m² | ¥658k/m² | ¥800k/m² |
| 2025 | ¥240k/m² | ¥300k/m² | ¥691k/m² | ¥800k/m² |
| 2026 (partial) | – | – | – | ¥829k/m² |
Prices near train stations in Naka 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) |
|---|---|---|---|---|---|---|
| Shinsakae Machi(Aichi) (新栄町(愛知)) | ¥19.0M | ¥800k/m² | ¥63.0M | 6 | 165 | 30,762+2% vs 2019 |
| Marunouchi(NagoyaCitySubway) (丸の内(愛知)) | ¥25.0M | ¥760k/m² | ¥430M | 3 | 154 | 34,772-12% vs 2019 |
| Higashi Betsuin (東別院) | ¥19.0M | ¥617k/m² | ¥60.0M | 5 | 139 | 15,560+1% vs 2019 |
| Kamimaezu (上前津) | ¥18.0M | ¥673k/m² | ¥135M | 4 | 125 | 47,950-2% vs 2019 |
| Yaba Cho (矢場町) | ¥18.0M | ¥800k/m² | ¥250M | 6 | 124 | 56,504-11% vs 2019 |
| Osu Kannon (大須観音) | ¥17.0M | ¥680k/m² | ¥100M | 4 | 121 | 18,396-6% vs 2019 |
| Tsurumai (鶴舞) | ¥18.0M | ¥650k/m² | ¥320M | 6 | 119 | 67,624-4% vs 2019 |
| Fushimi(Aichi) (伏見(愛知)) | ¥23.5M | ¥607k/m² | ¥360M | 5 | 119 | 92,868-7% vs 2019 |
| Hisaya Odori (久屋大通) | ¥24.5M | ¥713k/m² | – | 4 | 56 | 50,604-4% vs 2019 |
| Kanayama(Aichi) (金山(愛知)) | ¥19.0M | ¥420k/m² | – | 5 | 39 | 450,944-6% vs 2019 |
| Sakae(Nagoya) (栄(名古屋)) | ¥5.3M | ¥230k/m² | ¥275M | 4 | 34 | 196,034-11% vs 2019 |
| Chikusa (千種) | ¥21.0M | ¥676k/m² | – | 6 | 27 | 97,207-10% vs 2019 |
| Nagoya Jo (名古屋城) | ¥29.5M | ¥856k/m² | – | 5 | 14 | 42,618-2% vs 2019 |
Used condo prices by layout in Naka Ward, Nagoya City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥16.0M | 20 m² | 461 |
| 3LDK | ¥39.0M | 70 m² | 134 |
| 2LDK | ¥37.0M | 60 m² | 131 |
| 1LDK | ¥28.0M | 40 m² | 119 |
| 1DK | ¥19.0M | 25 m² | 54 |
| 1R | ¥3.6M | 20 m² | 47 |
| 4LDK | ¥34.5M | 82.5 m² | 26 |
| Open floor | ¥10.0M | 45 m² | 17 |
How much does an apartment cost in Naka Ward, Nagoya City?
The median used condo (mansion) in Naka Ward, Nagoya City sold for ¥21.0M in 2025, about ¥767k/m², based on 389 recorded sales.
How much does a house cost in Naka Ward, Nagoya City?
The median house sale, including the land, was ¥170M in 2025 across 56 sales.
Are property prices in Naka Ward, Nagoya City going up?
Over the five years to 2025, condo prices per m² changed +59.7% and residential land prices changed +42.9%.
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.