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

Isesaki City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 442

In short

  1. 1
    The trend has turned down

    After rising earlier, house prices per m² have slipped by about 4.8% a year over the last five years.

  2. 2
    Moving with Gunma

    Per m², houses here are 10% above the Gunma average.

  3. 3
    A modest station premium

    Houses within a 5-minute walk of a station sell for about 10% more per m² than those 11–15 minutes away.

  4. 4
    What a typical purchase costs

    Half of all house sales last year were between ¥6.5M and ¥26.0M.

The answers, compared

What does a home cost?

¥15.0M

median house · ¥116k/m²

10% above the Gunma median

4 of 15 areas in Gunma, highest first

Are prices rising?

+22.2%

over 5 years

Faster than Gunma (+16.0%)

7 of 16 areas in Gunma, highest first

Can local earners afford it?

4.5× income

median price ÷ average taxable income

In line with Gunma (4.3×)

5 of 17 areas in Gunma, highest first

Rent or buy?

26years of rent

median price ÷ a year of median rent

In line with Gunma (27)

5 of 16 areas in Gunma, highest first

Are people moving in?

-1.7%

population, 2020–25

Shrinking slower than Gunma (-3.7%)

4 of 18 areas in Gunma, highest first

How risky is it?

9%

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

In line with Gunma (12%)

6 of 18 areas in Gunma, highest first

Rent in Isesaki City

The average private rental costs ¥48k a month (2023), -3.5% since 2018. Gunma: ¥49k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥36k
vs 2018 -12.9% · Gunma: ¥40k
30–49 m²
1LDK / 2DK
¥47k
vs 2018 +1.6% · Gunma: ¥47k
50–69 m²
2LDK / 3DK
¥55k
vs 2018 -1.2% · Gunma: ¥55k
70–99 m²
3LDK / family
¥50k
vs 2018 -18.5% · Gunma: ¥62k
100–149 m²
mostly houses
¥57k
vs 2018 -4.7% · Gunma: ¥56k
Rent per m²
¥1,162
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. 20,740 rented homes.

What the data says

The trend has turned down

After rising earlier, house prices per m² have slipped by about 4.8% a year over the last five years. That often reflects weaker local demand, so check vacancy and population trends before buying.

Moving with Gunma

Per m², houses here are 10% above the Gunma average. That position has barely changed in ten years, so it moves with the wider market.

A modest station premium

Houses within a 5-minute walk of a station sell for about 10% more per m² than those 11–15 minutes away. The penalty for a longer walk is mild, so it is worth widening your search radius.

What a typical purchase costs

Half of all house sales last year were between ¥6.5M and ¥26.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 1.7% between 2020 and 2025 (−3.7% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 3.7% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

13.7% of homes were empty in 2023 (16.7% for the wider area), and 5.7% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Lower earthquake risk

The government's seismic model gives a 9% 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 ¥3.3m in 2023 (¥3.5m for the wider area). That is +14% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.

Official land prices are flat

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 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, 78% are inside the worst-case flood zone (6% 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.

Living in Isesaki City: people, homes and risks

Population 2025
208,263
-1.7% since 2020
Gunma: -3.7%
Net moves in 2025
+204
+0.98 per 1,000 residents
Gunma: -0.81
Vacant homes (2023)
13.7%
5.7% empty and not for rent or sale
Gunma: 16.7%
Median rent (2023)
¥48k
per month, all rented homes
Gunma: ¥47k
Strong earthquake risk
9.3%
chance of shaking of intensity 6-lower or more within 30 years
Gunma: 11.6%
Average income per taxpayer
¥3.3M
taxable income in 2023
Gunma: ¥3.5M
Daytime population
98
people here by day per 100 residents (2020 census)
Foreign residents
7.7%
16,389 registered residents in 2024
Gunma: 4.3%
Clinics
7.3
per 10,000 residents; 10 hospitals, 99 dental clinics (2020)
Gunma: 8.6
Official land price 2026
¥36k/m²
0.0% in a year · -1.4% in 5 years
Gunma: ¥32k/m²
Flood exposure
78.1%
of 32 benchmark sites in a worst-case flood zone (6.2% 3 m or deeper)
Gunma: 37.7%
Landslide exposure
0.0%
of 32 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 Isesaki 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-priced2026 Q1

¥6.5M

¥36k/m²

  • Sakaikijima
  • Sakaimachi · 29 min walk
  • Land 1300 m² · floor 180 m²
  • Built 1963 (63 yrs) · Wood
Typical2026 Q2

¥18.0M

¥144k/m²

  • Mamizukamachi
  • Goshi
  • Land 520 m² · floor 125 m²
  • Built 2018 (8 yrs) · Wood
Higher-priced2026 Q1

¥30.0M

¥333k/m²

  • Miyakomachi
  • Isesaki
  • Land 280 m² · floor 90 m²
  • Built 1954 (72 yrs) · Wood
Median transaction price by year2026 so far: treat with caution — The 2026 figure (shaded) is 47% above 2025, but it covers only part of the year and 68 house sales so far. Early-year numbers are often revised and are easily skewed by a few large deals.
¥0¥10.0M¥20.0M¥30.0M2007200920112013201520172019202120232025
Show data table
YearHouse
2007¥20.0M
2008¥19.0M
2009¥18.0M
2010¥18.0M
2011¥16.0M
2012¥17.0M
2013¥18.0M
2014¥18.0M
2015¥19.0M
2016¥19.0M
2017¥20.0M
2018¥20.0M
2019¥18.0M
2020¥20.0M
2021¥20.0M
2022¥17.5M
2023¥18.0M
2024¥17.0M
2025¥15.0M
2026 (partial)¥22.0M
Median price per m² by year
¥0¥50k¥100k¥150k¥200k2007200920112013201520172019202120232025
Show data table
YearHouseLand
2007¥159k/m²¥29k/m²
2008¥160k/m²¥29k/m²
2009¥132k/m²¥26k/m²
2010¥156k/m²¥25k/m²
2011¥141k/m²¥24k/m²
2012¥137k/m²¥22k/m²
2013¥147k/m²¥21k/m²
2014¥140k/m²¥21k/m²
2015¥151k/m²¥24k/m²
2016¥159k/m²¥24k/m²
2017¥156k/m²¥23k/m²
2018¥153k/m²¥23k/m²
2019¥142k/m²¥22k/m²
2020¥167k/m²¥18k/m²
2021¥152k/m²¥19k/m²
2022¥139k/m²¥24k/m²
2023¥152k/m²¥21k/m²
2024¥126k/m²¥21k/m²
2025¥116k/m²¥22k/m²
2026 (partial)¥138k/m²¥25k/m²
Price per m² by building age (2021–2025 sales)Houses bottom out at around 25 years — House prices per m² drop about 63% from new by age 25, then flatten, because by then buyers are mostly paying for the land. A house older than that costs little more than its plot, a good option if you plan to renovate or rebuild.
¥0¥100k¥200k¥300k05101520253035404550
Show data table
Building age (years)House
0¥227k/m²
1¥200k/m²
2¥219k/m²
5¥209k/m²
6¥191k/m²
8¥168k/m²
11¥145k/m²
13¥136k/m²
14¥150k/m²
15¥183k/m²
16¥126k/m²
17¥144k/m²
18¥161k/m²
19¥127k/m²
20¥117k/m²
21¥104k/m²
22¥108k/m²
23¥80k/m²
24¥113k/m²
25¥77k/m²
27¥71k/m²
28¥81k/m²
29¥89k/m²
30¥75k/m²
31¥83k/m²
32¥72k/m²
33¥82k/m²
34¥73k/m²
35¥75k/m²
36¥55k/m²
37¥103k/m²
38¥65k/m²
39¥68k/m²
41¥44k/m²
42¥55k/m²
43¥58k/m²
44¥59k/m²
45¥57k/m²
46¥72k/m²
47¥64k/m²
48¥51k/m²
49¥29k/m²
50¥43k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k2007200920112013201520172019202120232025

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
2007–¥101k/m²¥200k/m²–
2008–¥109k/m²¥200k/m²–
2009¥74k/m²¥94k/m²¥180k/m²–
2010¥53k/m²¥88k/m²¥190k/m²–
2011–¥108k/m²¥148k/m²¥190k/m²
2012–¥93k/m²–¥181k/m²
2013–¥97k/m²–¥183k/m²
2014–¥74k/m²¥130k/m²¥200k/m²
2015¥57k/m²¥77k/m²–¥191k/m²
2016¥85k/m²¥77k/m²¥119k/m²¥200k/m²
2017–¥81k/m²–¥209k/m²
2018¥41k/m²¥81k/m²–¥210k/m²
2019¥49k/m²¥75k/m²–¥210k/m²
2020¥97k/m²¥97k/m²¥136k/m²¥209k/m²
2021¥63k/m²¥77k/m²¥148k/m²¥196k/m²
2022¥61k/m²¥80k/m²¥123k/m²–
2023¥41k/m²¥84k/m²¥125k/m²–
2024¥45k/m²¥83k/m²¥122k/m²¥145k/m²
2025¥46k/m²¥65k/m²¥133k/m²–
2026 (partial)–¥93k/m²––

Prices near train stations in Isesaki 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)
Isesaki (伊勢崎)––¥14.0M1620217,380-9% vs 2019
Kunisada (国定)––¥17.0M181623,022-5% vs 2019
Shin Isesaki (新伊勢崎)––¥21.0M191371,071-18% vs 2019
Goshi (剛志)––¥17.0M231291,559-1% vs 2019
Sakaimachi (境町)––¥17.0M16601,383-12% vs 2019

How much does a house cost in Isesaki City?

The median house sale, including the land, was ¥15.0M in 2025 across 233 sales.

Are property prices in Isesaki City going up?

Over the five years to 2025, residential land prices changed +22.2%.

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.