Gunma Housing Market 2026: Maebashi and Takasaki Rise as Land Keeps Slipping
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 3,896
In short
- 1Condo growth is concentrated in two cities
Gunma's condo prices per m² rose about 5.5% a year over the last five years.
- 2Houses are falling behind
In 2025 the median condo cost more than the median house for the first time, after house prices fell about 10%.
- 3Land keeps slipping
On the government's fixed benchmark sites, Gunma's residential land fell about 2% over five years and is 54% below its 1991 level.
- 4Population and vacancy
Gunma's population fell 3.7% between 2020 and 2025.
The answers, compared
What does a home cost?
¥15.0M
median used condo · ¥215k/m²
61% below the Japan median
38 of 47 prefectures, highest first
Are prices rising?
+16.0%
over 5 years
Slower than Japan (+33.4%)
26 of 47 prefectures, highest first
Can local earners afford it?
4.3× income
median price ÷ average taxable income
Easier than Japan (6.6×)
39 of 47 prefectures, highest first
Rent or buy?
27years of rent
median price ÷ a year of median rent
Shorter than Japan (38)
37 of 47 prefectures, highest first
Are people moving in?
-3.7%
population, 2020–25
Shrinking faster than Japan (-2.5%)
16 of 47 prefectures, highest first
How risky is it?
12%
chance of strong shaking (6-lower+) in 30 years
Lower than Japan (38%)
35 of 47 prefectures, highest first
Rent in Gunma
The average private rental costs ¥49k a month (2023), +2.5% since 2018. Japan: ¥65k
| Floor area | Typical layout | Average rent / month | GunmaJapan |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥40k vs 2018 +2.3% · Japan: ¥53k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥47k vs 2018 +1.8% · Japan: ¥64k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥55k vs 2018 +0.9% · Japan: ¥75k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥62k vs 2018 +6.6% · Japan: ¥88k | |
| 100–149 m² mostly houses | mostly houses | ¥56k vs 2018 +1.6% · Japan: ¥84k | |
| 150 m² + mostly houses | mostly houses | ¥61k vs 2018 +24.4% · Japan: ¥91k |
- Rent per m²
- ¥1,195
- median, per month · Japan: ¥1,598
- The median used condo (¥15.0M, 65 m²) costs about 23 years of average rent for a similar-sized home (¥55k 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. 163,000 rented homes.
Condo growth is concentrated in two cities
Gunma's condo prices per m² rose about 5.5% a year over the last five years. Maebashi is up about 73% and Takasaki about 40%. Takasaki, a Shinkansen junction, is the most expensive city, and both have seen new condos around their stations. Note that Gunma has only about 140 condo sales a year, so a few new projects can move the median: in 2023–25 the median condo price rose 25% while the price per m² rose only 8%, because larger new units sold.
Houses are falling behind
In 2025 the median condo cost more than the median house for the first time, after house prices fell about 10%. A m² of house now costs about half as much as a m² of condo, down from 90% a decade ago.
Land keeps slipping
On the government's fixed benchmark sites, Gunma's residential land fell about 2% over five years and is 54% below its 1991 level.
Population and vacancy
Gunma's population fell 3.7% between 2020 and 2025. Vacancy is high (16.7%), with 7.6% of homes abandoned and about 16,000 second homes around resort areas such as Kusatsu, Minakami and the Karuizawa border.
Hazards
Earthquake risk is low for Japan (about 12% chance of 6-lower shaking in 30 years). Inland Gunma has some of Japan's hottest summers, so insulation and cooling matter.
Living in Gunma: people, homes and risks
- Population 2025
- 1,867,582
- -3.7% since 2020
- Japan: -2.5%
- Net moves in 2025
- -1,516
- -0.81 per 1,000 residents
- Vacant homes (2023)
- 16.7%
- 7.6% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥47k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 11.6%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Average income per taxpayer
- ¥3.5M
- taxable income in 2023
- Japan: ¥3.9M
- Foreign residents
- 4.3%
- 81,396 registered residents in 2024
- Japan: 3.0%
- Clinics
- 8.6
- per 10,000 residents; 128 hospitals, 993 dental clinics (2020)
- Japan: 8.5
- Official land price 2026
- ¥32k/m²
- 0.0% in a year · -2.3% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 37.7%
- of 374 benchmark sites in a worst-case flood zone (4.0% 3 m or deeper)
- Japan: 42.6%
- Landslide exposure
- 1.1%
- of 374 benchmark sites in a landslide warning area
- Japan: 2.6%
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 Gunma
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
¥5.5M
¥122k/m²
- Omotecho, Maebashi City
- Maebashi · 5 min walk
- 2LDK · 45 m²
- Built 1975 (51 yrs) · SRC
¥17.0M
¥262k/m²
- Otemachi, Maebashi City
- Maebashi · 24 min walk
- 2LDK · 65 m²
- Built 2007 (19 yrs) · RC
¥31.0M
¥413k/m²
- Azumacho, Takasaki City
- Takasaki(JR) · 4 min walk
- 3LDK · 75 m²
- Built 1994 (32 yrs) · SRC
House
¥4.0M
¥35k/m²
- Minamicho, Maebashi City
- Maebashi · 5 min walk
- Land 85 m² · floor 115 m²
- Built 1981 (45 yrs) · Wood
¥15.0M
¥107k/m²
- Tomidamachi, Maebashi City
- Egi · 25 min walk
- Land 220 m² · floor 140 m²
- Built 2008 (18 yrs) · Wood
¥29.0M
¥264k/m²
- Ishiharamachi, Takasaki City
- Takasaki(JR) · 28 min walk
- Land 230 m² · floor 110 m²
- Built 2025 (1 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥9.0M | ¥17.0M |
| 2008 | ¥10.0M | ¥16.0M |
| 2009 | ¥11.0M | ¥15.0M |
| 2010 | ¥7.9M | ¥15.0M |
| 2011 | ¥8.3M | ¥16.0M |
| 2012 | ¥7.6M | ¥15.0M |
| 2013 | ¥7.8M | ¥16.0M |
| 2014 | ¥8.5M | ¥16.0M |
| 2015 | ¥6.6M | ¥17.0M |
| 2016 | ¥8.3M | ¥17.0M |
| 2017 | ¥8.3M | ¥18.0M |
| 2018 | ¥10.5M | ¥17.0M |
| 2019 | ¥7.5M | ¥17.0M |
| 2020 | ¥11.0M | ¥18.0M |
| 2021 | ¥11.0M | ¥17.0M |
| 2022 | ¥11.0M | ¥16.0M |
| 2023 | ¥12.0M | ¥16.0M |
| 2024 | ¥15.0M | ¥15.0M |
| 2025 | ¥15.0M | ¥13.5M |
| 2026 (partial) | ¥17.0M | ¥15.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥173k/m² | ¥136k/m² | ¥28k/m² |
| 2008 | ¥185k/m² | ¥127k/m² | ¥27k/m² |
| 2009 | ¥173k/m² | ¥110k/m² | ¥24k/m² |
| 2010 | ¥140k/m² | ¥114k/m² | ¥24k/m² |
| 2011 | ¥140k/m² | ¥118k/m² | ¥25k/m² |
| 2012 | ¥133k/m² | ¥118k/m² | ¥24k/m² |
| 2013 | ¥148k/m² | ¥126k/m² | ¥21k/m² |
| 2014 | ¥146k/m² | ¥120k/m² | ¥19k/m² |
| 2015 | ¥139k/m² | ¥136k/m² | ¥20k/m² |
| 2016 | ¥150k/m² | ¥133k/m² | ¥20k/m² |
| 2017 | ¥154k/m² | ¥143k/m² | ¥21k/m² |
| 2018 | ¥178k/m² | ¥136k/m² | ¥21k/m² |
| 2019 | ¥153k/m² | ¥133k/m² | ¥18k/m² |
| 2020 | ¥186k/m² | ¥148k/m² | ¥19k/m² |
| 2021 | ¥187k/m² | ¥137k/m² | ¥19k/m² |
| 2022 | ¥187k/m² | ¥117k/m² | ¥19k/m² |
| 2023 | ¥200k/m² | ¥127k/m² | ¥20k/m² |
| 2024 | ¥228k/m² | ¥114k/m² | ¥20k/m² |
| 2025 | ¥215k/m² | ¥106k/m² | ¥22k/m² |
| 2026 (partial) | ¥231k/m² | ¥113k/m² | ¥21k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥238k/m² |
| 1 | – | ¥219k/m² |
| 2 | – | ¥262k/m² |
| 3 | – | ¥257k/m² |
| 4 | – | ¥200k/m² |
| 5 | – | ¥209k/m² |
| 6 | – | ¥210k/m² |
| 7 | – | ¥192k/m² |
| 8 | – | ¥200k/m² |
| 9 | – | ¥191k/m² |
| 10 | – | ¥181k/m² |
| 11 | – | ¥162k/m² |
| 12 | – | ¥138k/m² |
| 13 | ¥338k/m² | ¥157k/m² |
| 14 | ¥356k/m² | ¥150k/m² |
| 15 | ¥329k/m² | ¥145k/m² |
| 16 | ¥326k/m² | ¥130k/m² |
| 17 | ¥373k/m² | ¥142k/m² |
| 18 | ¥271k/m² | ¥138k/m² |
| 19 | ¥308k/m² | ¥125k/m² |
| 20 | ¥325k/m² | ¥107k/m² |
| 21 | – | ¥104k/m² |
| 22 | – | ¥107k/m² |
| 23 | – | ¥90k/m² |
| 24 | ¥229k/m² | ¥99k/m² |
| 25 | – | ¥77k/m² |
| 26 | – | ¥87k/m² |
| 27 | ¥267k/m² | ¥88k/m² |
| 28 | ¥243k/m² | ¥82k/m² |
| 29 | ¥163k/m² | ¥76k/m² |
| 30 | ¥127k/m² | ¥78k/m² |
| 31 | ¥138k/m² | ¥71k/m² |
| 32 | ¥120k/m² | ¥68k/m² |
| 33 | ¥135k/m² | ¥71k/m² |
| 34 | ¥130k/m² | ¥67k/m² |
| 35 | ¥125k/m² | ¥73k/m² |
| 36 | – | ¥64k/m² |
| 37 | – | ¥67k/m² |
| 38 | – | ¥66k/m² |
| 39 | – | ¥66k/m² |
| 40 | – | ¥59k/m² |
| 41 | – | ¥51k/m² |
| 42 | – | ¥56k/m² |
| 43 | – | ¥48k/m² |
| 44 | – | ¥50k/m² |
| 45 | – | ¥50k/m² |
| 46 | – | ¥50k/m² |
| 47 | – | ¥40k/m² |
| 48 | – | ¥43k/m² |
| 49 | – | ¥45k/m² |
| 50 | – | ¥40k/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 |
|---|---|---|
| 2007 | ¥150k/m² | – |
| 2008 | ¥142k/m² | ¥365k/m² |
| 2009 | ¥129k/m² | ¥286k/m² |
| 2010 | ¥116k/m² | ¥288k/m² |
| 2011 | ¥119k/m² | ¥315k/m² |
| 2012 | ¥115k/m² | ¥250k/m² |
| 2013 | ¥118k/m² | ¥247k/m² |
| 2014 | ¥127k/m² | ¥280k/m² |
| 2015 | ¥118k/m² | ¥290k/m² |
| 2016 | ¥115k/m² | ¥287k/m² |
| 2017 | ¥124k/m² | ¥294k/m² |
| 2018 | ¥145k/m² | ¥273k/m² |
| 2019 | ¥138k/m² | ¥278k/m² |
| 2020 | ¥117k/m² | ¥313k/m² |
| 2021 | ¥136k/m² | ¥307k/m² |
| 2022 | ¥157k/m² | ¥326k/m² |
| 2023 | ¥140k/m² | ¥325k/m² |
| 2024 | ¥140k/m² | ¥337k/m² |
| 2025 | ¥135k/m² | ¥326k/m² |
| 2026 (partial) | ¥207k/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 |
|---|---|---|---|---|
| 2007 | ¥85k/m² | ¥100k/m² | ¥218k/m² | – |
| 2008 | ¥71k/m² | ¥100k/m² | ¥210k/m² | – |
| 2009 | ¥72k/m² | ¥84k/m² | ¥200k/m² | – |
| 2010 | ¥60k/m² | ¥90k/m² | ¥200k/m² | ¥229k/m² |
| 2011 | ¥62k/m² | ¥83k/m² | ¥170k/m² | ¥200k/m² |
| 2012 | ¥49k/m² | ¥86k/m² | ¥142k/m² | ¥209k/m² |
| 2013 | ¥63k/m² | ¥84k/m² | ¥140k/m² | ¥200k/m² |
| 2014 | ¥56k/m² | ¥82k/m² | ¥136k/m² | ¥208k/m² |
| 2015 | ¥58k/m² | ¥82k/m² | ¥137k/m² | ¥210k/m² |
| 2016 | ¥50k/m² | ¥76k/m² | ¥133k/m² | ¥208k/m² |
| 2017 | ¥50k/m² | ¥77k/m² | ¥139k/m² | ¥217k/m² |
| 2018 | ¥50k/m² | ¥75k/m² | ¥133k/m² | ¥217k/m² |
| 2019 | ¥49k/m² | ¥72k/m² | ¥129k/m² | ¥225k/m² |
| 2020 | ¥44k/m² | ¥74k/m² | ¥118k/m² | ¥217k/m² |
| 2021 | ¥49k/m² | ¥71k/m² | ¥125k/m² | ¥217k/m² |
| 2022 | ¥52k/m² | ¥74k/m² | ¥123k/m² | ¥192k/m² |
| 2023 | ¥43k/m² | ¥73k/m² | ¥143k/m² | ¥210k/m² |
| 2024 | ¥45k/m² | ¥75k/m² | ¥122k/m² | ¥171k/m² |
| 2025 | ¥36k/m² | ¥70k/m² | ¥119k/m² | ¥179k/m² |
| 2026 (partial) | ¥39k/m² | ¥78k/m² | ¥131k/m² | ¥161k/m² |
Prices by area in Gunma
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Takasaki City | ¥323k/m² | ¥21.0M | ¥24.0M | ¥44k/m² | +40.0% |
| Maebashi City | ¥200k/m² | ¥14.0M | ¥15.0M | ¥39k/m² | +72.7% |
| Yoshioka Town, Kitagunma County | – | – | ¥22.0M | ¥26k/m² | – |
| Oizumi Town, Oura County | – | – | ¥19.0M | ¥6k/m² | – |
| Ota City | – | – | ¥17.0M | ¥25k/m² | – |
| Isesaki City | – | – | ¥15.0M | ¥22k/m² | – |
| Numata City | – | – | ¥9.0M | ¥15k/m² | – |
| Tamamura Town, Sawa County | – | – | ¥10.4M | – | – |
| Fujioka City | – | – | ¥12.0M | ¥14k/m² | – |
| Annaka City | – | – | ¥7.9M | ¥9k/m² | – |
| Tsumagoi Village, Agatsuma County | – | – | ¥4.1M | ¥2k/m² | – |
| Tatebayashi City | – | – | ¥8.7M | ¥21k/m² | – |
| Midori City | – | – | ¥7.0M | ¥14k/m² | – |
| Tomioka City | – | – | ¥9.2M | ¥6k/m² | – |
| Kiryu City | – | – | ¥5.5M | ¥13k/m² | – |
| Shibukawa City | – | – | ¥5.5M | ¥17k/m² | – |
| Oura Town, Oura County | – | – | ¥4.0M | ¥9k/m² | – |
| Higashiagatsuma Town, Agatsuma County | – | – | – | ¥100/m² | – |
Prices near train stations in Gunma
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 |
|---|---|---|---|---|---|
| Maebashi (前橋) | ¥19.0M | ¥267k/m² | ¥19.0M | 15 | 460 |
| Takasaki(JR) (高崎(ＪＲ)) | ¥21.0M | ¥330k/m² | ¥31.0M | 15 | 403 |
| Ota(Gumma) (太田(群馬)) | ¥5.5M | ¥120k/m² | ¥24.0M | 20 | 222 |
| Shim Maebashi (新前橋) | ¥2.5M | ¥125k/m² | ¥25.0M | 19 | 206 |
| Manza/Kazawaguchi (万座・鹿沢口) | – | – | ¥4.7M | 8 | 203 |
| Isesaki (伊勢崎) | – | – | ¥14.0M | 16 | 202 |
| Gumma Soja (群馬総社) | – | – | ¥17.5M | 18 | 196 |
| Kiryu (桐生) | ¥17.0M | ¥224k/m² | ¥4.5M | 15 | 172 |
| Ino(Gumma) (井野(群馬)) | – | – | ¥28.0M | 12 | 171 |
| Gumma Yawata (群馬八幡) | – | – | ¥13.0M | 18 | 165 |
| Kunisada (国定) | – | – | ¥17.0M | 19 | 164 |
| Tatebayashi (館林) | – | – | ¥12.0M | 16 | 161 |
| Kita Takasaki (北高崎) | ¥12.0M | ¥200k/m² | ¥26.5M | 16 | 145 |
| Shin Isesaki (新伊勢崎) | – | – | ¥21.0M | 19 | 137 |
| Gumma Fujioka (群馬藤岡) | – | – | ¥10.4M | 18 | 136 |
Used condo prices by layout in Gunma
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥19.0M | 70 m² | 170 |
| 2LDK | ¥15.0M | 60 m² | 55 |
| 1K | ¥2.7M | 20 m² | 35 |
| 4LDK | ¥27.5M | 82.5 m² | 18 |
| 2DK | ¥4.3M | 50 m² | 15 |
| 1DK | ¥5.1M | 30 m² | 13 |
| 1LDK | ¥9.8M | 52.5 m² | 10 |
How much does an apartment cost in Gunma?
The median used condo (mansion) in Gunma sold for ¥15.0M in 2025, about ¥215k/m², based on 141 recorded sales.
How much does a house cost in Gunma?
The median house sale, including the land, was ¥13.5M in 2025 across 2040 sales.
Are property prices in Gunma going up?
Over the five years to 2025, condo prices per m² changed +16.0% and residential land prices changed +18.9%.
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.