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

Numata City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 76

In short

  1. 1
    Price growth is speeding up

    House values per m² have risen about 3.2% a year over the past five years, faster than the 6.9% a year of the five years before.

  2. 2
    Moving with Gunma

    Per m², houses here are 32% below the Gunma average.

  3. 3
    Sales are thinning out

    Transactions are down about 15% on the previous three years.

  4. 4
    What a typical purchase costs

    Half of all house sales last year were between ¥3.3M and ¥17.3M.

The answers, compared

What does a home cost?

¥9.0M

median house · ¥97k/m²

9% below the Gunma median

5 of 15 areas in Gunma, highest first

Are prices rising?

-38.3%

over 5 years

Slower than Gunma (+16.0%)

13 of 16 areas in Gunma, highest first

Can local earners afford it?

2.8× income

median price ÷ average taxable income

Easier than Gunma (4.3×)

10 of 17 areas in Gunma, highest first

Rent or buy?

17years of rent

median price ÷ a year of median rent

Shorter than Gunma (27)

10 of 16 areas in Gunma, highest first

Are people moving in?

-8.9%

population, 2020–25

Shrinking faster than Gunma (-3.7%)

17 of 18 areas in Gunma, highest first

How risky is it?

3%

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

Lower than Gunma (12%)

14 of 18 areas in Gunma, highest first

Rent in Numata City

The average private rental costs ¥46k a month (2023), +3.8% since 2018. Gunma: ¥49k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥44k
vs 2018 +15.7% · Gunma: ¥40k
30–49 m²
1LDK / 2DK
¥44k
vs 2018 +6.0% · Gunma: ¥47k
50–69 m²
2LDK / 3DK
¥49k
vs 2018 +2.1% · Gunma: ¥55k
Rent per m²
¥988
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. 3,370 rented homes.

What the data says

Price growth is speeding up

House values per m² have risen about 3.2% a year over the past five years, faster than the 6.9% 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.

Moving with Gunma

Per m², houses here are 32% below the Gunma average. That position has barely changed in ten years, so it moves with the wider market.

Sales are thinning out

Transactions are down about 15% 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 ¥3.3M and ¥17.3M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 8.9% between 2020 and 2025 (−3.7% for the wider area). More people moved out than in during 2025 (about 8.1 per 1,000 residents), which weakens long-term housing demand.

Many abandoned homes

19.3% of homes were empty in 2023 (16.7% for the wider area), and 12.2% 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 3% 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 +20% 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. 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 Numata City: people, homes and risks

Population 2025
41,287
-8.9% since 2020
Gunma: -3.7%
Net moves in 2025
-335
-8.11 per 1,000 residents
Gunma: -0.81
Vacant homes (2023)
19.3%
12.2% empty and not for rent or sale
Gunma: 16.7%
Median rent (2023)
¥44k
per month, all rented homes
Gunma: ¥47k
Strong earthquake risk
3.2%
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
98
people here by day per 100 residents (2020 census)
Foreign residents
2.4%
1,029 registered residents in 2024
Gunma: 4.3%
Clinics
11.1
per 10,000 residents; 4 hospitals, 27 dental clinics (2020)
Gunma: 8.6
Official land price 2026
¥39k/m²
-0.6% in a year · -4.6% in 5 years
Gunma: ¥32k/m²
Flood exposure
0.0%
of 5 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Gunma: 37.7%
Landslide exposure
0.0%
of 5 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 Numata 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 Q2

¥2.2M

¥14k/m²

  • Suzuridamachi
  • Numata · 14 min walk
  • Land 200 m² · floor 155 m²
  • Built 1958 (68 yrs) · Wood
Typical2025 Q3

¥6.5M

¥59k/m²

  • Shirasawamachiiwamuro
  • Numata
  • Land 230 m² · floor 110 m²
  • Built 1986 (39 yrs) · Wood
Higher-priced2026 Q1

¥17.0M

¥148k/m²

  • Kaminumasumachi
  • Numata
  • Land 260 m² · floor 115 m²
  • Built 2008 (18 yrs) · Wood
Median transaction price by year
¥0¥5.0M¥10.0M2007200920112013201520172019202120232025
Show data table
YearHouse
2007–
2008¥10.0M
2009¥8.3M
2010¥8.0M
2011¥7.8M
2012¥7.0M
2013¥9.7M
2014¥9.4M
2015¥9.2M
2016¥9.4M
2017¥8.1M
2018¥8.0M
2019¥9.8M
2020¥6.2M
2021¥5.5M
2022¥5.9M
2023¥10.0M
2024¥7.7M
2025¥9.0M
Median price per m² by year
¥0¥50k¥100k2007200920112013201520172019202120232025
Show data table
YearHouseLand
2007–¥24k/m²
2008¥77k/m²¥28k/m²
2009¥84k/m²¥28k/m²
2010¥77k/m²¥24k/m²
2011¥76k/m²¥20k/m²
2012¥70k/m²¥27k/m²
2013¥78k/m²¥21k/m²
2014¥89k/m²¥20k/m²
2015¥94k/m²¥19k/m²
2016¥75k/m²¥14k/m²
2017¥76k/m²¥22k/m²
2018¥45k/m²¥14k/m²
2019¥73k/m²¥24k/m²
2020¥54k/m²¥24k/m²
2021¥51k/m²¥22k/m²
2022¥58k/m²¥18k/m²
2023¥68k/m²¥21k/m²
2024¥53k/m²¥13k/m²
2025¥97k/m²¥15k/m²

Prices near train stations in Numata 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)
Numata (沼田)––¥10.0M20842,888-16% vs 2019

How much does a house cost in Numata City?

The median house sale, including the land, was ¥9.0M in 2025 across 32 sales.

Are property prices in Numata City going up?

Over the five years to 2025, residential land prices changed -38.3%.

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.