Wakaba Ward, Chiba City Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 295
In short
- 1Price growth is speeding up
Condo values per m² have risen about 3.1% a year over the past five years, faster than the 0.8% a year of the five years before.
- 2Lagging Chiba
Per m², condos here are 48% below the Chiba average.
- 3Station distance barely matters
Condos 11–15 minutes from a station sell for similar or higher prices than those near one, which usually means buyers here drive or value quiet residential streets.
- 4A family market
69% of recent condo sales have three or more bedrooms.
The answers, compared
What does a home cost?
¥11.0M
median used condo · ¥178k/m²
50% below the Chiba median
20 of 21 areas in Chiba, highest first
Are prices rising?
+14.1%
over 5 years
Slower than Chiba (+27.8%)
26 of 46 areas in Chiba, highest first
Can local earners afford it?
2.6× income
median price ÷ average taxable income
Easier than Chiba (5.9×)
34 of 47 areas in Chiba, highest first
Rent or buy?
17years of rent
median price ÷ a year of median rent
Shorter than Chiba (33)
29 of 45 areas in Chiba, highest first
Are people moving in?
-1.0%
population, 2020–25
Shrinking faster than Chiba (-0.4%)
24 of 51 areas in Chiba, highest first
How risky is it?
62%
chance of strong shaking (6-lower+) in 30 years
In line with Chiba (63%)
30 of 51 areas in Chiba, highest first
Rent in Wakaba Ward, Chiba City
The average private rental costs ¥59k a month (2023), +0.8% since 2018. Chiba: ¥66k
| Floor area | Typical layout | Average rent / month | Wakaba Ward, Chiba CityChiba |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥45k vs 2018 +4.4% · Chiba: ¥52k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥58k vs 2018 +8.0% · Chiba: ¥64k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥67k vs 2018 +2.5% · Chiba: ¥78k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥73k vs 2018 +0.4% · Chiba: ¥90k | |
| 100–149 m² mostly houses | mostly houses | ¥80k vs 2018 +7.3% · Chiba: ¥85k |
- Rent per m²
- ¥1,417
- median, per month · Chiba: ¥1,709
- The median used condo (¥11.0M, 65 m²) costs about 14 years of average rent for a similar-sized home (¥67k 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. 16,620 rented homes.
What the data says
Price growth is speeding up
Condo values per m² have risen about 3.1% a year over the past five years, faster than the 0.8% a year of the five years before. Buyers waiting for a dip have so far been paying more each year, and that has not yet changed.
Lagging Chiba
Per m², condos here are 48% below the Chiba average. Ten years ago the gap was 36%, so Wakaba Ward, Chiba City has been falling behind the rest of Chiba.
Station distance barely matters
Condos 11–15 minutes from a station sell for similar or higher prices than those near one, which usually means buyers here drive or value quiet residential streets.
A family market
69% 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.
Sales are thinning out
Transactions are down about 9% on the previous three years. Fewer sales mean less choice and slower resale, so allow more time to sell later.
What a typical purchase costs
Half of all condo sales last year were between ¥4.8M and ¥16.0M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 1% between 2020 and 2025 (−0.4% for the wider area). More people moved in than out in 2025, a net gain of about 4.8 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 4.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Few abandoned homes
11.6% of homes were empty in 2023 (12.3% for the wider area), and 2.5% were empty without being for rent, for sale or used as second homes. Most empty homes here are rentals between tenants, not abandoned houses, a sign of a healthy market.
Buying vs renting
A median used condo costs about 16.8 years of the area's median rent (¥55k a month), compared with 33.2 years for the wider area. Prices are low relative to rents, which points to higher rental yields, but often also to weaker growth prospects. Rents here cover all rented homes, so treat this as a rough guide.
High earthquake risk
The government's seismic model gives a 62% chance of shaking of intensity 6-lower or stronger in the next 30 years (63% 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 ¥4.3m in 2023 (¥4.1m for the wider area). That is +19% since 2014. The median resale condo sold for about 2.6 times that, against 5.9 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 rising fast
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +7% in the year to January 2026 and +19% over five years. They are still 72% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.
Little exposure to flooding
Very few of the official benchmark sites here fall in flood, tsunami or landslide zones, so most typical neighbourhoods are outside mapped hazard areas.
Living in Wakaba Ward, Chiba City: people, homes and risks
- Population 2025
- 145,445
- -1.0% since 2020
- Chiba: -0.4%
- Net moves in 2025
- +696
- +4.79 per 1,000 residents
- Chiba: +1.25
- Vacant homes (2023)
- 11.6%
- 2.5% empty and not for rent or sale
- Chiba: 12.3%
- Median rent (2023)
- ¥55k
- per month, all rented homes
- Chiba: ¥60k
- Strong earthquake risk
- 61.9%
- chance of shaking of intensity 6-lower or more within 30 years
- Chiba: 63.4%
- Average income per taxpayer
- ¥4.3M
- taxable income in 2023, citywide figure
- Chiba: ¥4.1M
- Daytime population
- 87
- people here by day per 100 residents (2020 census)
- Foreign residents
- 3.8%
- 5,589 registered residents in 2024
- Chiba: 3.6%
- Clinics
- 5.8
- per 10,000 residents; 6 hospitals, 65 dental clinics (2020)
- Chiba: 6.2
- Official land price 2026
- ¥92k/m²
- +6.6% in a year · +19.4% in 5 years
- Chiba: ¥97k/m²
- Flood exposure
- 0.0%
- of 27 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Chiba: 28.9%
- Landslide exposure
- 0.0%
- of 27 benchmark sites in a landslide warning area
- Chiba: 0.0%
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 Wakaba Ward, Chiba 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
¥5.0M
¥91k/m²
- Mitsuwadai
- Mitsuwadai · 3 min walk
- 3DK · 55 m²
- Built 1976 (49 yrs) · RC
¥14.0M
¥187k/m²
- Mitsuwadai
- Tsuga · 19 min walk
- 2LDK · 75 m²
- Built 1978 (47 yrs) · RC
¥20.0M
¥250k/m²
- Sakuragikita
- Tsuga · 10 min walk
- 3LDK · 80 m²
- Built 1997 (29 yrs) · RC
House
¥17.0M
¥106k/m²
- Chishirodaihigashi
- Chishirodai · 10 min walk
- Land 260 m² · floor 160 m²
- Built 1992 (34 yrs) · RC
¥32.0M
¥320k/m²
- Kasoricho
- Chiba
- Land 120 m² · floor 100 m²
- Built 2025 (1 yrs) · Wood
¥40.0M
¥421k/m²
- Sakuragi
- Chiba
- Land 195 m² · floor 95 m²
- Built 2025 (1 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2006 | ¥8.0M | ¥28.0M |
| 2007 | ¥9.5M | ¥27.0M |
| 2008 | ¥11.0M | ¥25.0M |
| 2009 | ¥9.2M | ¥22.0M |
| 2010 | ¥8.7M | ¥23.0M |
| 2011 | ¥9.0M | ¥20.0M |
| 2012 | ¥9.0M | ¥24.0M |
| 2013 | ¥6.5M | ¥20.0M |
| 2014 | ¥9.4M | ¥20.0M |
| 2015 | ¥11.0M | ¥22.0M |
| 2016 | ¥9.7M | ¥20.0M |
| 2017 | ¥10.5M | ¥22.0M |
| 2018 | ¥10.0M | ¥22.0M |
| 2019 | ¥9.8M | ¥23.0M |
| 2020 | ¥8.9M | ¥24.0M |
| 2021 | ¥11.0M | ¥27.0M |
| 2022 | ¥12.5M | ¥29.0M |
| 2023 | ¥10.6M | ¥27.5M |
| 2024 | ¥10.5M | ¥28.0M |
| 2025 | ¥11.0M | ¥31.0M |
| 2026 (partial) | – | ¥32.5M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2006 | ¥125k/m² | ¥248k/m² | ¥68k/m² |
| 2007 | ¥145k/m² | ¥230k/m² | ¥63k/m² |
| 2008 | ¥157k/m² | ¥230k/m² | ¥67k/m² |
| 2009 | ¥132k/m² | ¥200k/m² | ¥54k/m² |
| 2010 | ¥128k/m² | ¥210k/m² | ¥64k/m² |
| 2011 | ¥131k/m² | ¥173k/m² | ¥60k/m² |
| 2012 | ¥133k/m² | ¥219k/m² | ¥68k/m² |
| 2013 | ¥123k/m² | ¥182k/m² | ¥66k/m² |
| 2014 | ¥135k/m² | ¥189k/m² | ¥70k/m² |
| 2015 | ¥165k/m² | ¥200k/m² | ¥71k/m² |
| 2016 | ¥149k/m² | ¥165k/m² | ¥67k/m² |
| 2017 | ¥152k/m² | ¥174k/m² | ¥69k/m² |
| 2018 | ¥138k/m² | ¥201k/m² | ¥67k/m² |
| 2019 | ¥155k/m² | ¥190k/m² | ¥62k/m² |
| 2020 | ¥156k/m² | ¥211k/m² | ¥85k/m² |
| 2021 | ¥160k/m² | ¥248k/m² | ¥69k/m² |
| 2022 | ¥185k/m² | ¥233k/m² | ¥75k/m² |
| 2023 | ¥181k/m² | ¥239k/m² | ¥91k/m² |
| 2024 | ¥184k/m² | ¥248k/m² | ¥92k/m² |
| 2025 | ¥178k/m² | ¥291k/m² | ¥110k/m² |
| 2026 (partial) | – | ¥280k/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥326k/m² |
| 1 | – | ¥326k/m² |
| 27 | – | ¥177k/m² |
| 29 | – | ¥124k/m² |
| 30 | ¥230k/m² | ¥176k/m² |
| 31 | – | ¥146k/m² |
| 32 | – | ¥128k/m² |
| 34 | – | ¥118k/m² |
| 35 | – | ¥160k/m² |
| 36 | – | ¥130k/m² |
| 42 | – | ¥104k/m² |
| 43 | – | ¥140k/m² |
| 45 | – | ¥134k/m² |
| 46 | – | ¥99k/m² |
| 47 | – | ¥101k/m² |
| 48 | – | ¥113k/m² |
| 49 | ¥86k/m² | ¥123k/m² |
| 50 | – | ¥96k/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 |
|---|---|---|
| 2007 | – | ¥151k/m² |
| 2008 | – | ¥157k/m² |
| 2009 | – | ¥133k/m² |
| 2010 | – | ¥140k/m² |
| 2012 | – | ¥157k/m² |
| 2013 | ¥78k/m² | – |
| 2014 | – | ¥130k/m² |
| 2015 | – | ¥171k/m² |
| 2016 | – | ¥176k/m² |
| 2017 | – | ¥215k/m² |
| 2021 | – | ¥165k/m² |
| 2022 | – | ¥214k/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 | – | ¥162k/m² | ¥292k/m² | – |
| 2007 | – | ¥164k/m² | ¥310k/m² | – |
| 2008 | ¥129k/m² | ¥189k/m² | ¥281k/m² | – |
| 2009 | ¥96k/m² | ¥136k/m² | ¥245k/m² | – |
| 2010 | ¥111k/m² | ¥118k/m² | ¥257k/m² | – |
| 2011 | ¥85k/m² | ¥116k/m² | – | ¥267k/m² |
| 2012 | ¥97k/m² | ¥132k/m² | – | ¥252k/m² |
| 2013 | ¥112k/m² | ¥112k/m² | – | ¥240k/m² |
| 2014 | – | ¥131k/m² | – | ¥229k/m² |
| 2015 | ¥87k/m² | ¥125k/m² | ¥170k/m² | ¥250k/m² |
| 2016 | ¥95k/m² | ¥117k/m² | – | ¥270k/m² |
| 2017 | ¥79k/m² | ¥122k/m² | – | ¥270k/m² |
| 2018 | ¥77k/m² | ¥100k/m² | – | ¥240k/m² |
| 2019 | ¥96k/m² | ¥115k/m² | – | ¥257k/m² |
| 2020 | ¥81k/m² | ¥125k/m² | – | ¥263k/m² |
| 2021 | ¥103k/m² | ¥129k/m² | – | – |
| 2022 | ¥111k/m² | ¥130k/m² | – | – |
| 2023 | ¥122k/m² | ¥139k/m² | – | – |
| 2024 | ¥111k/m² | ¥131k/m² | – | – |
| 2025 | ¥109k/m² | ¥164k/m² | – | – |
Prices near train stations in Wakaba Ward, Chiba 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) |
|---|---|---|---|---|---|---|
| Tsuga (都賀) | ¥11.0M | ¥187k/m² | ¥33.0M | 13 | 215 | 50,321-7% vs 2019 |
| Chiba (千葉) | – | – | ¥20.0M | – | 141 | 227,810-6% vs 2019 |
| Chishirodai (千城台) | ¥10.5M | ¥160k/m² | ¥29.0M | 10 | 51 | 7,568-7% vs 2019 |
| Mitsuwadai (みつわ台) | ¥4.8M | ¥80k/m² | ¥27.0M | 6 | 45 | 3,446-2% vs 2019 |
| Oguradai (小倉台) | – | – | ¥33.0M | 9 | 43 | 2,989-4% vs 2019 |
| Higashi Chiba (東千葉) | ¥16.0M | ¥221k/m² | ¥43.0M | 18 | 36 | 5,526+8% vs 2019 |
| Chishirodaikita (千城台北) | – | – | ¥31.0M | 6 | 29 | 2,191+5% vs 2019 |
| Sakuragi(Chiba) (桜木(千葉)) | – | – | ¥24.0M | 6 | 29 | 3,493-4% vs 2019 |
Used condo prices by layout in Wakaba Ward, Chiba City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥14.0M | 70 m² | 51 |
| 2LDK | ¥8.3M | 55 m² | 22 |
How much does an apartment cost in Wakaba Ward, Chiba City?
The median used condo (mansion) in Wakaba Ward, Chiba City sold for ¥11.0M in 2025, about ¥178k/m², based on 43 recorded sales.
How much does a house cost in Wakaba Ward, Chiba City?
The median house sale, including the land, was ¥31.0M in 2025 across 189 sales.
Are property prices in Wakaba Ward, Chiba City going up?
Over the five years to 2025, condo prices per m² changed +14.1% and residential land prices changed +29.4%.
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.