Shirakawa-go, Gifu
Photo: Shirakawa-go, Gifu · Shing / Unsplash

Gifu City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 988

In short

  1. 1
    Price growth is speeding up

    Condo values per m² have risen about 6.2% a year over the past five years, faster than the 1.6% a year of the five years before.

  2. 2
    Outperforming Gifu

    Per m², condos here are 17% above the Gifu average.

  3. 3
    Being near a station is worth a lot

    Condos within a 5-minute walk of a station sell for about 44% more per m² than those 11–15 minutes away.

  4. 4
    A family market

    69% of recent condo sales have three or more bedrooms.

The answers, compared

What does a home cost?

¥20.5M

median used condo · ¥284k/m²

17% above the Gifu median

Are prices rising?

+33.3%

over 5 years

Faster than Gifu (+21.4%)

7 of 23 areas in Gifu, highest first

Can local earners afford it?

5.2× income

median price ÷ average taxable income

Easier than Gifu (5.7×)

4 of 20 areas in Gifu, highest first

Rent or buy?

35years of rent

median price ÷ a year of median rent

In line with Gifu (35)

4 of 20 areas in Gifu, highest first

Are people moving in?

-3.4%

population, 2020–25

Shrinking slower than Gifu (-4.4%)

10 of 26 areas in Gifu, highest first

How risky is it?

28%

chance of strong shaking (6-lower+) in 30 years

In line with Gifu (29%)

9 of 26 areas in Gifu, highest first

Rent in Gifu City

The average private rental costs ¥51k a month (2023), +4.2% since 2018. Gifu: ¥50k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥38k
vs 2018 +0.6% · Gifu: ¥40k
30–49 m²
1LDK / 2DK
¥47k
vs 2018 +3.3% · Gifu: ¥47k
50–69 m²
2LDK / 3DK
¥58k
vs 2018 +9.9% · Gifu: ¥56k
70–99 m²
3LDK / family
¥69k
vs 2018 -1.1% · Gifu: ¥63k
100–149 m²
mostly houses
¥64k
vs 2018 -1.2% · Gifu: ¥59k
150 m² +
mostly houses
¥62k
vs 2018 +21.8% · Gifu: ¥59k
Rent per m²
¥1,187
median, per month · Gifu: ¥1,148
The median used condo (¥20.5M, 70 m²) costs about 25 years of average rent for a similar-sized home (¥69k 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. 49,630 rented homes.

What the data says

Price growth is speeding up

Condo values per m² have risen about 6.2% a year over the past five years, faster than the 1.6% 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.

Outperforming Gifu

Per m², condos here are 17% above the Gifu average. The premium has grown from 4% ten years ago, so Gifu City has been outperforming its surroundings.

Being near a station is worth a lot

Condos within a 5-minute walk of a station sell for about 44% more per m² than those 11–15 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.

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 8% 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 ¥10.8M and ¥28.3M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 3.4% between 2020 and 2025 (−4.4% for the wider area). More people moved out than in during 2025 (about 2.1 per 1,000 residents), which weakens long-term housing demand. Households still grew 0.8% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

18.3% of homes were empty in 2023 (16.1% for the wider area), and 7.3% 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 35 years of the area's median rent (¥49k a month), compared with 35 years for the wider area. Prices are high relative to rents, so rental yields are thin and buyers are paying for expected growth. Rents here cover all rented homes, so treat this as a rough guide.

Moderate earthquake risk

The government's seismic model gives a 28% chance of shaking of intensity 6-lower or stronger in the next 30 years (29% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

A typical condo costs 5.2 years of local income

Taxpayers here reported an average taxable income of ¥3.9m in 2023 (¥3.5m for the wider area). That is +19% since 2014. The median resale condo sold for about 5.2 times that, against 5.7 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 still falling

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed 0% in the year to January 2026 and -1% over five years. They are still 64% below their 1991 bubble-era level. 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, 88% are inside the worst-case flood zone (52% with expected depths of 3 m or more). 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.

Government-backed redevelopment

This area includes national Urgent Urban Renewal Areas: Gifu Station North and Yanagase. These allow larger, denser buildings and give big projects financial support, so expect new offices, shops and housing to keep reshaping the area.

Living in Gifu City: people, homes and risks

Population 2025
389,011
-3.4% since 2020
Gifu: -4.4%
Net moves in 2025
-812
-2.09 per 1,000 residents
Gifu: -2.39
Vacant homes (2023)
18.3%
7.3% empty and not for rent or sale
Gifu: 16.1%
Median rent (2023)
¥49k
per month, all rented homes
Gifu: ¥48k
Strong earthquake risk
27.7%
chance of shaking of intensity 6-lower or more within 30 years
Gifu: 28.6%
Average income per taxpayer
¥3.9M
taxable income in 2023
Gifu: ¥3.5M
Daytime population
102
people here by day per 100 residents (2020 census)
Foreign residents
3.0%
11,960 registered residents in 2024
Gifu: 3.7%
Clinics
10.3
per 10,000 residents; 32 hospitals, 262 dental clinics (2020)
Gifu: 8.6
Official land price 2026
¥59k/m²
-0.1% in a year · -1.3% in 5 years
Gifu: ¥39k/m²
Flood exposure
87.8%
of 98 benchmark sites in a worst-case flood zone (52.0% 3 m or deeper)
Gifu: 62.5%
Landslide exposure
4.1%
of 98 benchmark sites in a landslide warning area
Gifu: 3.4%

Urban renewal zones

Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.

  • Gifu Station North and Yanagase · 30 ha · designated 2003

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 Gifu 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

Lower-priced2026 Q1

¥8.8M

¥126k/m²

  • Sagiyamashimmachi
  • Gifu
  • 3LDK · 70 m²
  • Built 1998 (28 yrs) · RC
Typical2025 Q4

¥20.0M

¥235k/m²

  • Sengokucho
  • Gifu · 25 min walk
  • 4LDK · 85 m²
  • Built 2006 (19 yrs)
Higher-priced2026 Q1

¥31.0M

¥388k/m²

  • Konomachi
  • Gifu · 9 min walk
  • 2LDK · 80 m²
  • Built 1995 (31 yrs) · SRC

House

Lower-priced2026 Q2

¥3.5M

¥26k/m²

  • Nakagawara
  • Gifu
  • Land 200 m² · floor 135 m²
  • Built 1983 (43 yrs) · Wood
Typical2026 Q1

¥16.0M

¥291k/m²

  • Kamurocho
  • Gifu · 13 min walk
  • Land 115 m² · floor 55 m²
  • Built 2003 (23 yrs) · Steel
Higher-priced2026 Q2

¥37.0M

¥109k/m²

  • Takata
  • Gifu
  • Land 390 m² · floor 340 m²
  • Built 1991 (35 yrs) · Wood
Median transaction price by yearCondos now cost more than houses — Since 2024, the median used condo has sold for more than the median house with its land, reversing the earlier pattern. Since then condo prices have moved +2% while house prices moved -20%. Condo demand is concentrated in central, well-connected locations, while many houses sold are older homes in outlying areas where prices are flat or falling. Buyers are paying for convenience over space.
¥0¥10.0M¥20.0M¥30.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005–¥20.0M
2006¥14.0M¥23.5M
2007¥15.0M¥24.0M
2008¥12.0M¥24.0M
2009¥14.5M¥20.0M
2010¥18.0M¥20.0M
2011¥12.0M¥22.0M
2012¥15.0M¥20.0M
2013¥14.0M¥21.0M
2014¥15.0M¥20.0M
2015¥15.0M¥21.0M
2016¥15.0M¥20.0M
2017¥15.0M¥22.0M
2018¥16.0M¥21.0M
2019¥15.0M¥19.0M
2020¥16.0M¥21.0M
2021¥17.0M¥22.0M
2022¥20.0M¥21.0M
2023¥20.0M¥20.0M
2024¥20.0M¥19.0M
2025¥20.5M¥16.0M
2026 (partial)¥15.0M¥15.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 61% less than a m² of condo, even though the house price includes land. If you need room more than convenience, a house buys considerably more space. That gap has widened over the decade as condo prices pulled ahead.
¥0¥100k¥200k¥300k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005–¥118k/m²¥53k/m²
2006¥200k/m²¥150k/m²¥56k/m²
2007¥188k/m²¥155k/m²¥57k/m²
2008¥157k/m²¥164k/m²¥64k/m²
2009¥200k/m²¥136k/m²¥57k/m²
2010¥215k/m²¥129k/m²¥52k/m²
2011¥171k/m²¥149k/m²¥54k/m²
2012¥186k/m²¥127k/m²¥52k/m²
2013¥188k/m²¥138k/m²¥50k/m²
2014¥186k/m²¥138k/m²¥52k/m²
2015¥189k/m²¥152k/m²¥48k/m²
2016¥200k/m²¥140k/m²¥48k/m²
2017¥200k/m²¥141k/m²¥49k/m²
2018¥213k/m²¥140k/m²¥47k/m²
2019¥194k/m²¥125k/m²¥47k/m²
2020¥213k/m²¥154k/m²¥46k/m²
2021¥224k/m²¥150k/m²¥45k/m²
2022¥261k/m²¥131k/m²¥46k/m²
2023¥263k/m²¥129k/m²¥48k/m²
2024¥267k/m²¥114k/m²¥46k/m²
2025¥284k/m²¥103k/m²¥49k/m²
2026 (partial)¥200k/m²¥93k/m²¥43k/m²
Price per m² by building age (2021–2025 sales)How condos age here — In recent sales, condos lose about a quarter of their per-m² value by around 13 years old and half by around 20.
¥0¥200k¥400k¥600k¥800k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥270k/m²
1¥683k/m²¥253k/m²
2–¥264k/m²
4¥471k/m²–
5–¥212k/m²
7–¥195k/m²
8–¥196k/m²
9–¥227k/m²
10–¥176k/m²
13¥288k/m²–
16¥317k/m²¥157k/m²
17¥400k/m²¥146k/m²
18¥377k/m²¥153k/m²
19¥235k/m²¥133k/m²
20¥224k/m²¥152k/m²
21¥239k/m²¥131k/m²
22¥231k/m²¥114k/m²
23¥200k/m²¥89k/m²
24¥200k/m²¥111k/m²
25¥241k/m²¥117k/m²
26–¥101k/m²
27¥149k/m²¥102k/m²
28–¥100k/m²
29–¥98k/m²
30¥167k/m²¥87k/m²
31¥139k/m²¥72k/m²
32–¥77k/m²
33–¥70k/m²
34–¥77k/m²
35–¥65k/m²
36–¥62k/m²
37–¥48k/m²
38–¥58k/m²
39–¥52k/m²
40–¥64k/m²
41–¥49k/m²
42–¥40k/m²
43–¥52k/m²
44–¥50k/m²
45–¥46k/m²
46–¥38k/m²
47–¥47k/m²
48–¥34k/m²
49–¥39k/m²
50–¥39k/m²
Condo price per m² by construction period
¥0¥100k¥200k¥300k¥400k2007200920112013201520172019202120232025

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
Year1981-20002001-2010
2007¥184k/m²–
2008¥138k/m²–
2009¥157k/m²¥290k/m²
2010¥146k/m²¥284k/m²
2011¥150k/m²¥243k/m²
2012¥143k/m²¥221k/m²
2013¥157k/m²¥233k/m²
2014¥150k/m²¥248k/m²
2015¥140k/m²¥266k/m²
2016¥140k/m²¥286k/m²
2017¥157k/m²¥293k/m²
2018¥153k/m²¥263k/m²
2019¥160k/m²–
2020¥150k/m²–
2021¥185k/m²¥230k/m²
2022¥173k/m²¥285k/m²
2023¥147k/m²¥306k/m²
2024¥169k/m²¥245k/m²
2025¥126k/m²¥292k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k20052008201120142017202020232026

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
Year1971-19801981-20002001-20102011-2020
2005¥92k/m²¥100k/m²¥255k/m²–
2006¥104k/m²¥115k/m²¥258k/m²–
2007¥84k/m²¥115k/m²¥242k/m²–
2008¥83k/m²¥103k/m²¥244k/m²–
2009¥72k/m²¥92k/m²¥224k/m²–
2010¥59k/m²¥95k/m²¥211k/m²–
2011¥69k/m²¥100k/m²¥196k/m²¥217k/m²
2012¥60k/m²¥90k/m²–¥216k/m²
2013¥72k/m²¥95k/m²¥169k/m²¥223k/m²
2014¥62k/m²¥94k/m²¥153k/m²¥223k/m²
2015¥57k/m²¥94k/m²¥163k/m²¥227k/m²
2016¥48k/m²¥96k/m²–¥230k/m²
2017¥54k/m²¥93k/m²¥143k/m²¥255k/m²
2018¥55k/m²¥86k/m²¥149k/m²¥231k/m²
2019¥40k/m²¥82k/m²¥107k/m²¥231k/m²
2020¥41k/m²¥80k/m²¥146k/m²¥227k/m²
2021¥52k/m²¥80k/m²¥145k/m²¥223k/m²
2022¥44k/m²¥76k/m²––
2023¥38k/m²¥74k/m²¥128k/m²¥210k/m²
2024¥35k/m²¥74k/m²¥152k/m²¥200k/m²
2025¥36k/m²¥77k/m²¥148k/m²–
2026 (partial)¥29k/m²¥65k/m²––

Prices near train stations in Gifu City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)SalesDaily passengers (2023)
Gifu (岐阜)¥21.0M¥300k/m²¥16.5M16127456,753-12% vs 2019
Nishi Gifu (西岐阜)¥11.5M¥142k/m²¥29.0M1613511,427-8% vs 2019
Yanaizu(Gifu) (柳津(岐阜))––¥26.0M13413,419-19% vs 2019
Hozumi (穂積)––¥28.5M271317,111-8% vs 2019

Used condo prices by layout in Gifu City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥22.5M75 m²116
2LDK¥23.0M65 m²41
4LDK¥16.0M85 m²38
1K¥12.3M30 m²14
1LDK¥26.0M60 m²11

How much does an apartment cost in Gifu City?

The median used condo (mansion) in Gifu City sold for ¥20.5M in 2025, about ¥284k/m², based on 88 recorded sales.

How much does a house cost in Gifu City?

The median house sale, including the land, was ¥16.0M in 2025 across 416 sales.

Are property prices in Gifu City going up?

Over the five years to 2025, condo prices per m² changed +33.3% and residential land prices changed +6.5%.

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.