Usui Lake, Annaka, Gunma
Photo: Usui Lake, Annaka, Gunma · Kishor / Unsplash

Fujioka City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 110

In short

  1. 1
    A long, slow decline

    House prices per m² have been falling for a decade, by about 2.5% a year recently.

  2. 2
    Lagging Gunma

    Per m², houses here are 29% below the Gunma average.

  3. 3
    Sales are thinning out

    Transactions are down about 9% on the previous three years.

  4. 4
    What a typical purchase costs

    Half of all house sales last year were between ¥4.0M and ¥23.0M.

The answers, compared

What does a home cost?

¥12.0M

median house · ¥89k/m²

17% below the Gunma median

7 of 15 areas in Gunma, highest first

Are prices rising?

-26.3%

over 5 years

Slower than Gunma (+16.0%)

12 of 16 areas in Gunma, highest first

Can local earners afford it?

3.8× income

median price ÷ average taxable income

Easier than Gunma (4.3×)

6 of 17 areas in Gunma, highest first

Rent or buy?

22years of rent

median price ÷ a year of median rent

Shorter than Gunma (27)

7 of 16 areas in Gunma, highest first

Are people moving in?

-6.1%

population, 2020–25

Shrinking faster than Gunma (-3.7%)

12 of 18 areas in Gunma, highest first

How risky is it?

7%

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

Lower than Gunma (12%)

8 of 18 areas in Gunma, highest first

Rent in Fujioka City

The average private rental costs ¥47k a month (2023), +4.3% since 2018. Gunma: ¥49k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥35k
vs 2018 -5.6% · Gunma: ¥40k
30–49 m²
1LDK / 2DK
¥45k
vs 2018 +3.0% · Gunma: ¥47k
50–69 m²
2LDK / 3DK
¥52k
vs 2018 +0.7% · Gunma: ¥55k
Rent per m²
¥1,058
median, per month · Gunma: ¥1,195

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. 3,770 rented homes.

What the data says

A long, slow decline

House prices per m² have been falling for a decade, by about 2.5% a year recently. Prices are low, but resale values are likely to keep easing, so buy here to live, not as an investment.

Lagging Gunma

Per m², houses here are 29% below the Gunma average. Ten years ago the gap was 1%, so Fujioka City has been falling behind the rest of Gunma.

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 house sales last year were between ¥4.0M and ¥23.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 6.1% between 2020 and 2025 (−3.7% for the wider area). More people moved out than in during 2025 (about 7.5 per 1,000 residents), which weakens long-term housing demand.

Many abandoned homes

16.3% of homes were empty in 2023 (16.7% for the wider area), and 9.3% were empty without being for rent, for sale or used as second homes. That is a high share of truly abandoned homes (akiya), a sign of weak demand. Cheap houses are easy to find, but resale can be slow.

Lower earthquake risk

The government's seismic model gives a 7% chance of shaking of intensity 6-lower or stronger in the next 30 years (12% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.

Local incomes are close to average

Taxpayers here reported an average taxable income of ¥3.2m in 2023 (¥3.5m for the wider area). That is +16% since 2014. 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 -1% in the year to January 2026 and -5% over five years. They are still 51% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.

Some flood or landslide exposure

Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 27% are inside the worst-case flood zone. 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.

Living in Fujioka City: people, homes and risks

Population 2025
59,385
-6.1% since 2020
Gunma: -3.7%
Net moves in 2025
-445
-7.49 per 1,000 residents
Gunma: -0.81
Vacant homes (2023)
16.3%
9.3% empty and not for rent or sale
Gunma: 16.7%
Median rent (2023)
¥46k
per month, all rented homes
Gunma: ¥47k
Strong earthquake risk
7.2%
chance of shaking of intensity 6-lower or more within 30 years
Gunma: 11.6%
Average income per taxpayer
¥3.2M
taxable income in 2023
Gunma: ¥3.5M
Daytime population
96
people here by day per 100 residents (2020 census)
Foreign residents
2.0%
1,210 registered residents in 2024
Gunma: 4.3%
Clinics
7.7
per 10,000 residents; 5 hospitals, 29 dental clinics (2020)
Gunma: 8.6
Official land price 2026
¥28k/m²
-0.8% in a year · -4.9% in 5 years
Gunma: ¥32k/m²
Flood exposure
27.3%
of 11 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Gunma: 37.7%
Landslide exposure
0.0%
of 11 benchmark sites in a landslide warning area
Gunma: 1.1%

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 Fujioka 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.

House

Lower-priced2025 Q4

¥5.0M

¥43k/m²

  • Fujioka
  • Gumma Fujioka · 23 min walk
  • Land 210 m² · floor 115 m²
  • Built 1982 (43 yrs) · Wood
Typical2026 Q2

¥14.0M

¥40k/m²

  • Onishi
  • Gumma Fujioka
  • Land 650 m² · floor 350 m²
  • Built 1993 (33 yrs) · Steel
Higher-priced2025 Q3

¥23.0M

¥230k/m²

  • Hongo
  • Gumma Fujioka · 29 min walk
  • Land 190 m² · floor 100 m²
  • Built 2025 (0 yrs) · Wood
Median transaction price by year
¥0¥5.0M¥10.0M¥15.0M¥20.0M2007200920112013201520172019202120232025
Show data table
YearHouse
2007–
2008¥13.0M
2009¥20.0M
2010¥20.0M
2011¥14.5M
2012¥19.0M
2013¥19.0M
2014¥16.0M
2015¥14.5M
2016¥17.5M
2017¥17.0M
2018¥16.0M
2019¥16.0M
2020¥9.5M
2021¥9.5M
2022¥15.5M
2023¥9.7M
2024¥11.0M
2025¥12.0M
2026 (partial)¥9.3M
Median price per m² by year
¥0¥50k¥100k¥150k¥200k2007200920112013201520172019202120232025
Show data table
YearHouseLand
2007–¥26k/m²
2008¥96k/m²¥28k/m²
2009¥145k/m²¥8k/m²
2010¥148k/m²¥24k/m²
2011¥115k/m²¥24k/m²
2012¥165k/m²¥22k/m²
2013¥152k/m²¥23k/m²
2014¥148k/m²¥19k/m²
2015¥104k/m²¥17k/m²
2016¥119k/m²¥17k/m²
2017¥131k/m²¥14k/m²
2018¥157k/m²¥15k/m²
2019¥87k/m²¥12k/m²
2020¥92k/m²¥19k/m²
2021¥85k/m²¥17k/m²
2022¥75k/m²¥8k/m²
2023¥82k/m²¥16k/m²
2024¥69k/m²¥18k/m²
2025¥89k/m²¥14k/m²
2026 (partial)¥69k/m²–
Price per m² by building age (2021–2025 sales)
¥0¥100k¥200k¥300k05101520253035404550
Show data table
Building age (years)House
0¥218k/m²
50¥32k/m²
House price per m² by construction period
¥0¥50k¥100k¥150k¥200k200820102012201420162018

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
Year1981-20002011-2020
2008¥74k/m²–
2013–¥196k/m²
2016¥77k/m²¥195k/m²
2018–¥191k/m²
2019¥60k/m²–

Prices near train stations in Fujioka 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)
Gumma Fujioka (群馬藤岡)––¥11.0M181322,152-13% vs 2019
Kita Fujioka (北藤岡)––¥11.0M1115–
Shimmachi(Gumma) (新町(群馬))––¥14.8M11126,374-15% vs 2019

How much does a house cost in Fujioka City?

The median house sale, including the land, was ¥12.0M in 2025 across 57 sales.

Are property prices in Fujioka City going up?

Over the five years to 2025, residential land prices changed -26.3%.

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.