Nakamura Ward (Nagoya) Housing Market 2026: Nagoya Station and the Maglev Effect
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 347
In short
- 1Prices are accelerating
Nakamura Ward includes Nagoya Station and the old neighbourhoods to its west.
- 2The Chuo Shinkansen
Nagoya Station is being rebuilt for the maglev Chuo Shinkansen to Tokyo, and the station area is an Urgent Urban Renewal Area.
- 3Two very different areas
Condos near Nagoya, Kokusai-Center, Honjin and Komeno sell at about ¥0.7–1.1M per m².
- 4High natural risk
Almost every benchmark site (98%) is in the worst-case flood zone, mostly shallow, and about 10% in a tsunami zone, as the ward lies on low land near the Shonai river.
The answers, compared
What does a home cost?
¥22.0M
median used condo · ¥750k/m²
2.3× the Aichi median
2 of 31 areas in Aichi, highest first
Are prices rising?
+102.7%
over 5 years
Faster than Aichi (+19.0%)
2 of 63 areas in Aichi, highest first
Can local earners afford it?
4.8× income
median price ÷ average taxable income
In line with Aichi (4.9×)
37 of 61 areas in Aichi, highest first
Rent or buy?
32years of rent
median price ÷ a year of median rent
Longer than Aichi (30)
36 of 61 areas in Aichi, highest first
Are people moving in?
+5.2%
population, 2020–25
Growing while Aichi shrinks (-1.2%)
4 of 64 areas in Aichi, highest first
How risky is it?
71%
chance of strong shaking (6-lower+) in 30 years
Higher than Aichi (56%)
18 of 64 areas in Aichi, highest first
Rent in Nakamura Ward, Nagoya City
The average private rental costs ¥62k a month (2023), +6.6% since 2018. Aichi: ¥61k
| Floor area | Typical layout | Average rent / month | Nakamura Ward, Nagoya CityAichi |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥52k vs 2018 +10.0% · Aichi: ¥48k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥65k vs 2018 +9.7% · Aichi: ¥58k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥82k vs 2018 +11.0% · Aichi: ¥68k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥76k vs 2018 -18.8% · Aichi: ¥82k | |
| 100–149 m² mostly houses | mostly houses | ¥68k vs 2018 -9.7% · Aichi: ¥75k |
- Rent per m²
- ¥1,866
- median, per month · Aichi: ¥1,453
- The median used condo (¥22.0M, 28 m²) costs about 35 years of average rent for a similar-sized home (¥52k 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. 39,700 rented homes.
Prices are accelerating
Nakamura Ward includes Nagoya Station and the old neighbourhoods to its west. Condos cost about ¥0.75M per m² in 2025, up from ¥0.30M in 2015, second among Nagoya's 16 wards. Prices per m² rose about 11% a year over the past five years, faster than before. Nakamura is now about twice the Aichi average, up from 1.3 times ten years ago.
The Chuo Shinkansen
Nagoya Station is being rebuilt for the maglev Chuo Shinkansen to Tokyo, and the station area is an Urgent Urban Renewal Area. New towers near the station explain much of the price rise.
Two very different areas
Condos near Nagoya, Kokusai-Center, Honjin and Komeno sell at about ¥0.7–1.1M per m². Nakamura-Koen, Iwatsuka and Hatta in the west sell at about ¥0.26–0.36M. Condos within 5 minutes of a station sell for about 61% more per m² than those 11–15 minutes away. Condos also lose value fast: half the price is gone by about 22 years old.
Growth
Population grew 5.2% between 2020 and 2025, and households 10%. The median condo sold for about ¥22M. A median condo costs about 32 years of median rent, close to the Aichi average.
High natural risk
Almost every benchmark site (98%) is in the worst-case flood zone, mostly shallow, and about 10% in a tsunami zone, as the ward lies on low land near the Shonai river. Earthquake probability is high: about 71% for 6-lower and 33% for 6-upper in 30 years, because of the Nankai Trough and soft ground.
Living in Nakamura Ward, Nagoya City: people, homes and risks
- Population 2025
- 145,841
- +5.2% since 2020
- Aichi: -1.2%
- Net moves in 2025
- +784
- +5.38 per 1,000 residents
- Aichi: -0.29
- Vacant homes (2023)
- 15.5%
- 3.0% empty and not for rent or sale
- Aichi: 11.8%
- Median rent (2023)
- ¥58k
- per month, all rented homes
- Aichi: ¥55k
- Strong earthquake risk
- 70.7%
- 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
- 173
- people here by day per 100 residents (2020 census)
- Foreign residents
- 5.8%
- 7,956 registered residents in 2024
- Aichi: 4.3%
- Clinics
- 14.7
- per 10,000 residents; 10 hospitals, 129 dental clinics (2020)
- Aichi: 7.4
- Official land price 2026
- ¥219k/m²
- +3.8% in a year · +20.6% in 5 years
- Aichi: ¥109k/m²
- Flood exposure
- 98.0%
- of 49 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Aichi: 40.5%
- Tsunami exposure
- 10.2%
- of 49 benchmark sites in a tsunami inundation zone
- Aichi: 10.0%
- Landslide exposure
- 0.0%
- of 49 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 Nakamura 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
¥17.0M
¥680k/m²
- Taiko
- Nagoya · 6 min walk
- 1K · 25 m²
- Built 2007 (19 yrs) · RC
¥27.0M
¥1.1M/m²
- Gomaecho
- Taiko Dori · 5 min walk
- 1K · 25 m²
- Built 2025 (1 yrs) · RC
¥35.0M
¥389k/m²
- Inanishicho
- Nakamura Koen · 23 min walk
- 4LDK · 90 m²
- Built 2002 (23 yrs) · RC
House
¥32.0M
¥337k/m²
- Kasumoricho
- Kasumori · 5 min walk
- Land 100 m² · floor 95 m²
- Built 2003 (23 yrs) · Wood
¥45.0M
¥450k/m²
- Kyodencho
- Kogane(Aichi) · 10 min walk
- Land 100 m² · floor 100 m²
- Built 2026 (0 yrs) · Wood
¥82.0M
¥456k/m²
- Meirakucho
- Taiko Dori · 10 min walk
- Land 115 m² · floor 180 m²
- Built 2025 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | – | ¥38.0M |
| 2006 | ¥11.0M | ¥38.0M |
| 2007 | ¥14.0M | ¥41.0M |
| 2008 | ¥14.0M | ¥40.0M |
| 2009 | ¥12.0M | ¥33.0M |
| 2010 | ¥13.5M | ¥33.0M |
| 2011 | ¥12.0M | ¥34.5M |
| 2012 | ¥9.5M | ¥35.0M |
| 2013 | ¥13.0M | ¥30.5M |
| 2014 | ¥12.0M | ¥31.0M |
| 2015 | ¥12.0M | ¥40.0M |
| 2016 | ¥13.0M | ¥37.0M |
| 2017 | ¥11.0M | ¥40.5M |
| 2018 | ¥13.0M | ¥40.0M |
| 2019 | ¥14.0M | ¥42.0M |
| 2020 | ¥15.0M | ¥38.0M |
| 2021 | ¥15.0M | ¥40.0M |
| 2022 | ¥15.0M | ¥41.5M |
| 2023 | ¥20.0M | ¥40.0M |
| 2024 | ¥19.5M | ¥43.0M |
| 2025 | ¥22.0M | ¥45.5M |
| 2026 (partial) | ¥27.0M | ¥44.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | – | ¥276k/m² | ¥150k/m² |
| 2006 | ¥215k/m² | ¥296k/m² | ¥180k/m² |
| 2007 | ¥240k/m² | ¥314k/m² | ¥180k/m² |
| 2008 | ¥213k/m² | ¥329k/m² | ¥185k/m² |
| 2009 | ¥200k/m² | ¥238k/m² | ¥165k/m² |
| 2010 | ¥282k/m² | ¥265k/m² | ¥160k/m² |
| 2011 | ¥227k/m² | ¥270k/m² | ¥150k/m² |
| 2012 | ¥200k/m² | ¥260k/m² | ¥140k/m² |
| 2013 | ¥308k/m² | ¥270k/m² | ¥150k/m² |
| 2014 | ¥233k/m² | ¥273k/m² | ¥170k/m² |
| 2015 | ¥300k/m² | ¥313k/m² | ¥170k/m² |
| 2016 | ¥308k/m² | ¥323k/m² | ¥170k/m² |
| 2017 | ¥367k/m² | ¥328k/m² | ¥180k/m² |
| 2018 | ¥300k/m² | ¥322k/m² | ¥190k/m² |
| 2019 | ¥400k/m² | ¥319k/m² | ¥190k/m² |
| 2020 | ¥370k/m² | ¥348k/m² | ¥195k/m² |
| 2021 | ¥421k/m² | ¥368k/m² | ¥210k/m² |
| 2022 | ¥429k/m² | ¥362k/m² | ¥210k/m² |
| 2023 | ¥440k/m² | ¥360k/m² | ¥230k/m² |
| 2024 | ¥565k/m² | ¥371k/m² | ¥220k/m² |
| 2025 | ¥750k/m² | ¥362k/m² | ¥220k/m² |
| 2026 (partial) | ¥900k/m² | ¥357k/m² | ¥250k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥916k/m² | ¥400k/m² |
| 1 | ¥880k/m² | ¥378k/m² |
| 2 | – | ¥409k/m² |
| 3 | ¥750k/m² | – |
| 4 | ¥783k/m² | – |
| 5 | ¥760k/m² | – |
| 6 | ¥757k/m² | – |
| 7 | ¥725k/m² | – |
| 8 | ¥730k/m² | ¥381k/m² |
| 9 | ¥785k/m² | – |
| 13 | ¥609k/m² | – |
| 14 | ¥650k/m² | – |
| 15 | ¥675k/m² | – |
| 16 | ¥520k/m² | – |
| 17 | ¥645k/m² | – |
| 18 | ¥650k/m² | – |
| 22 | ¥360k/m² | – |
| 23 | ¥333k/m² | – |
| 24 | ¥350k/m² | – |
| 30 | ¥330k/m² | ¥244k/m² |
| 31 | ¥282k/m² | – |
| 32 | ¥193k/m² | – |
| 33 | ¥233k/m² | – |
| 35 | – | ¥224k/m² |
| 36 | ¥292k/m² | – |
| 37 | ¥241k/m² | – |
| 50 | ¥182k/m² | ¥182k/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 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|
| 2006 | ¥203k/m² | – | – |
| 2007 | ¥200k/m² | ¥318k/m² | – |
| 2008 | ¥200k/m² | – | – |
| 2009 | ¥189k/m² | – | – |
| 2010 | ¥186k/m² | ¥600k/m² | – |
| 2011 | ¥214k/m² | – | – |
| 2013 | ¥200k/m² | ¥520k/m² | – |
| 2014 | ¥200k/m² | ¥282k/m² | – |
| 2015 | – | ¥440k/m² | – |
| 2016 | ¥215k/m² | – | – |
| 2017 | ¥320k/m² | – | – |
| 2018 | ¥267k/m² | ¥494k/m² | – |
| 2019 | – | ¥510k/m² | – |
| 2020 | ¥278k/m² | ¥600k/m² | – |
| 2021 | ¥253k/m² | ¥600k/m² | ¥625k/m² |
| 2022 | ¥271k/m² | ¥645k/m² | ¥750k/m² |
| 2023 | ¥286k/m² | – | – |
| 2024 | ¥285k/m² | ¥411k/m² | ¥760k/m² |
| 2025 | – | – | ¥800k/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 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|
| 2006 | ¥175k/m² | ¥344k/m² | – |
| 2007 | ¥161k/m² | ¥379k/m² | – |
| 2008 | – | ¥361k/m² | – |
| 2009 | ¥176k/m² | ¥340k/m² | – |
| 2010 | ¥184k/m² | ¥317k/m² | – |
| 2011 | ¥150k/m² | – | ¥333k/m² |
| 2012 | ¥155k/m² | – | ¥336k/m² |
| 2013 | ¥146k/m² | – | ¥316k/m² |
| 2014 | ¥187k/m² | – | ¥330k/m² |
| 2015 | ¥193k/m² | – | ¥354k/m² |
| 2016 | ¥231k/m² | – | ¥371k/m² |
| 2017 | – | – | ¥367k/m² |
| 2018 | ¥210k/m² | – | ¥345k/m² |
| 2019 | ¥206k/m² | – | ¥378k/m² |
| 2020 | ¥190k/m² | – | ¥375k/m² |
| 2021 | ¥244k/m² | – | ¥382k/m² |
| 2023 | ¥255k/m² | – | – |
| 2024 | ¥221k/m² | – | – |
| 2025 | ¥198k/m² | – | – |
Prices near train stations in Nakamura 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) |
|---|---|---|---|---|---|---|
| Nakamura Koen (中村公園) | ¥15.0M | ¥255k/m² | ¥41.0M | 10 | 123 | 23,590-9% vs 2019 |
| Taiko Dori (太閤通) | ¥18.0M | ¥708k/m² | ¥53.0M | 5 | 90 | 12,906-2% vs 2019 |
| Honjin (本陣) | ¥24.5M | ¥805k/m² | ¥42.0M | 7 | 85 | 17,216+1% vs 2019 |
| Iwatsuka (岩塚) | ¥23.0M | ¥307k/m² | ¥40.0M | 10 | 78 | 16,380-8% vs 2019 |
| Nagoya (名古屋) | ¥17.0M | ¥680k/m² | ¥270M | 7 | 70 | 394,560-9% vs 2019 |
| Kamejima (亀島) | ¥23.0M | ¥617k/m² | – | 4 | 40 | 12,416+28% vs 2019 |
| Hatta(NagoyaCitySubway) (八田(名古屋市営)) | ¥25.0M | ¥363k/m² | ¥34.0M | 11 | 30 | 4,594+14% vs 2019 |
| Komeno (米野) | ¥22.0M | ¥1.1M/m² | ¥38.0M | 2 | 30 | 1,346+5% vs 2019 |
| Kokusai Center(Aichi) (国際センター(愛知)) | ¥26.0M | ¥750k/m² | – | 3 | 29 | 11,514-4% vs 2019 |
| Nakamura Nisseki (中村日赤) | – | – | ¥29.5M | 7 | 29 | 8,974-10% vs 2019 |
| Kogane(Aichi) (黄金(愛知)) | – | – | ¥36.0M | 7 | 28 | 2,810+17% vs 2019 |
| Osu Kannon (大須観音) | ¥33.0M | ¥520k/m² | – | 11 | 16 | 18,396-6% vs 2019 |
| Kasumori (烏森) | – | – | – | 6 | 16 | 5,252+5% vs 2019 |
Used condo prices by layout in Nakamura Ward, Nagoya City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥17.0M | 20 m² | 100 |
| 3LDK | ¥24.0M | 70 m² | 67 |
| 2LDK | ¥34.0M | 55 m² | 36 |
| 1LDK | ¥26.0M | 40 m² | 21 |
| 4LDK | ¥28.5M | 80 m² | 18 |
| 1R | ¥5.6M | 20 m² | 10 |
How much does an apartment cost in Nakamura Ward, Nagoya City?
The median used condo (mansion) in Nakamura Ward, Nagoya City sold for ¥22.0M in 2025, about ¥750k/m², based on 100 recorded sales.
How much does a house cost in Nakamura Ward, Nagoya City?
The median house sale, including the land, was ¥45.5M in 2025 across 126 sales.
Are property prices in Nakamura Ward, Nagoya City going up?
Over the five years to 2025, condo prices per m² changed +102.7% and residential land prices changed +12.8%.
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.