Odori Park, Sapporo, Hokkaido
Photo: Odori Park, Sapporo, Hokkaido · Lucas Cheng / Unsplash

Obihiro City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 331

In short

  1. 1
    Prices are still rising, but more slowly

    Growth has cooled to about 0.9% a year, down from 4.3% a year in the previous five years.

  2. 2
    Outperforming Hokkaido

    Per m², houses here are 24% above the Hokkaido average.

  3. 3
    Sales are thinning out

    Transactions are down about 17% on the previous three years.

  4. 4
    What a typical purchase costs

    Half of all house sales last year were between ¥10.0M and ¥30.0M.

The answers, compared

What does a home cost?

¥18.0M

median house · ¥109k/m²

19% above the Hokkaido median

6 of 33 areas in Hokkaido, highest first

Are prices rising?

+25.0%

over 5 years

Faster than Hokkaido (+22.6%)

13 of 42 areas in Hokkaido, highest first

Can local earners afford it?

5.2× income

median price ÷ average taxable income

In line with Hokkaido (4.9×)

8 of 48 areas in Hokkaido, highest first

Rent or buy?

32years of rent

median price ÷ a year of median rent

Longer than Hokkaido (31)

9 of 46 areas in Hokkaido, highest first

Are people moving in?

-3.5%

population, 2020–25

Shrinking slower than Hokkaido (-4.6%)

18 of 51 areas in Hokkaido, highest first

How risky is it?

24%

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

Higher than Hokkaido (11%)

8 of 51 areas in Hokkaido, highest first

Rent in Obihiro City

The average private rental costs ¥48k a month (2023), +1.9% since 2018. Hokkaido: ¥51k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥40k
vs 2018 +9.2% · Hokkaido: ¥40k
30–49 m²
1LDK / 2DK
¥45k
vs 2018 +4.7% · Hokkaido: ¥49k
50–69 m²
2LDK / 3DK
¥53k
vs 2018 -0.1% · Hokkaido: ¥58k
70–99 m²
3LDK / family
¥59k
vs 2018 +4.6% · Hokkaido: ¥65k
100–149 m²
mostly houses
¥54k
vs 2018 +7.2% · Hokkaido: ¥60k
150 m² +
mostly houses
¥60k
vs 2018 +12.8% · Hokkaido: ¥59k
Rent per m²
¥1,105
median, per month · Hokkaido: ¥1,216

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. 28,290 rented homes.

What the data says

Prices are still rising, but more slowly

Growth has cooled to about 0.9% a year, down from 4.3% a year in the previous five years. This looks more like a maturing market than a turning point, and it gives buyers a bit more room to negotiate.

Outperforming Hokkaido

Per m², houses here are 24% above the Hokkaido average. The premium has grown from 6% ten years ago, so Obihiro City has been outperforming its surroundings.

Sales are thinning out

Transactions are down about 17% 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 ¥10.0M and ¥30.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 3.5% between 2020 and 2025 (−4.6% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 0.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

11.7% of homes were empty in 2023 (15.6% for the wider area), and 3.6% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Moderate earthquake risk

The government's seismic model gives a 24% chance of shaking of intensity 6-lower or stronger in the next 30 years (11% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

Local incomes are close to average

Taxpayers here reported an average taxable income of ¥3.4m in 2023 (¥3.4m 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 edging up

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 +39% over five years. 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, 85% are inside the worst-case flood zone (10% 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 Obihiro City: people, homes and risks

Population 2025
160,764
-3.5% since 2020
Hokkaido: -4.6%
Net moves in 2025
-287
-1.79 per 1,000 residents
Hokkaido: -1.04
Vacant homes (2023)
11.7%
3.6% empty and not for rent or sale
Hokkaido: 15.6%
Median rent (2023)
¥46k
per month, all rented homes
Hokkaido: ¥46k
Strong earthquake risk
23.8%
chance of shaking of intensity 6-lower or more within 30 years
Hokkaido: 10.5%
Average income per taxpayer
¥3.4M
taxable income in 2023
Hokkaido: ¥3.4M
Daytime population
104
people here by day per 100 residents (2020 census)
Foreign residents
0.9%
1,530 registered residents in 2024
Hokkaido: 1.3%
Clinics
6.8
per 10,000 residents; 18 hospitals, 96 dental clinics (2020)
Hokkaido: 6.9
Official land price 2026
¥36k/m²
+0.4% in a year · +38.5% in 5 years
Hokkaido: ¥30k/m²
Flood exposure
85.4%
of 41 benchmark sites in a worst-case flood zone (9.8% 3 m or deeper)
Hokkaido: 51.8%
Landslide exposure
0.0%
of 41 benchmark sites in a landslide warning area
Hokkaido: 0.6%

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 Obihiro 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 Q2

¥17.0M

¥162k/m²

  • Nishi1jominami
  • Obihiro · 5 min walk
  • 4LDK · 105 m²
  • Built 1999 (27 yrs) · RC
Typical2026 Q2

¥20.0M

¥190k/m²

  • Nishi6jominami
  • Obihiro · 8 min walk
  • 2LDK · 105 m²
  • Built 2008 (18 yrs) · RC
Higher-priced2025 Q4

¥33.0M

¥413k/m²

  • Nishi4jominami
  • Obihiro · 8 min walk
  • 3LDK · 80 m²
  • Built 2020 (5 yrs) · RC

House

Lower-priced2026 Q2

¥6.0M

¥13k/m²

  • Showacho
  • Obihiro
  • Land 1000 m² · floor 450 m²
  • Built 2005 (21 yrs) · Wood
Typical2026 Q2

¥17.0M

¥92k/m²

  • Nishi18jominami
  • Obihiro
  • Land 250 m² · floor 185 m²
  • Built 2003 (23 yrs) · Wood
Higher-priced2026 Q1

¥30.0M

¥400k/m²

  • Nishi8jominami
  • Obihiro
  • Land 210 m² · floor 75 m²
  • Built 2026 (0 yrs) · Wood
Median transaction price by year
¥0¥5.0M¥10.0M¥15.0M¥20.0M2008201020122014201620182020202220242026
Show data table
YearHouse
2008¥13.0M
2009¥11.0M
2010¥13.0M
2011¥12.0M
2012¥12.0M
2013¥15.0M
2014¥12.0M
2015¥15.0M
2016¥15.0M
2017¥15.0M
2018¥15.0M
2019¥19.0M
2020¥18.0M
2021¥18.0M
2022¥18.0M
2023¥16.0M
2024¥14.0M
2025¥18.0M
2026 (partial)¥15.0M
Median price per m² by year
¥0¥50k¥100k¥150k2008201020122014201620182020202220242026
Show data table
YearHouseLand
2008¥84k/m²¥27k/m²
2009¥87k/m²¥27k/m²
2010¥91k/m²¥26k/m²
2011¥79k/m²¥26k/m²
2012¥88k/m²¥26k/m²
2013¥100k/m²¥25k/m²
2014¥81k/m²¥25k/m²
2015¥97k/m²¥25k/m²
2016¥90k/m²¥24k/m²
2017¥88k/m²¥26k/m²
2018¥94k/m²¥27k/m²
2019¥103k/m²¥29k/m²
2020¥115k/m²¥28k/m²
2021¥121k/m²¥31k/m²
2022¥118k/m²¥39k/m²
2023¥117k/m²¥38k/m²
2024¥119k/m²¥38k/m²
2025¥109k/m²¥35k/m²
2026 (partial)¥100k/m²¥33k/m²
Price per m² by building age (2021–2025 sales)Houses bottom out at around 18 years — House prices per m² drop about 64% from new by age 18, 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¥300k/m²
1¥300k/m²
6¥267k/m²
10¥156k/m²
13¥145k/m²
17¥107k/m²
18¥144k/m²
20¥104k/m²
21¥122k/m²
25¥62k/m²
26¥84k/m²
27¥100k/m²
28¥112k/m²
29¥113k/m²
30¥86k/m²
31¥93k/m²
32¥97k/m²
33¥122k/m²
34¥88k/m²
35¥71k/m²
36¥112k/m²
37¥83k/m²
38¥97k/m²
39¥73k/m²
40¥74k/m²
41¥88k/m²
42¥59k/m²
43¥75k/m²
44¥82k/m²
45¥63k/m²
46¥61k/m²
47¥59k/m²
48¥47k/m²
49¥56k/m²
50¥59k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k2008201020122014201620182020202220242026

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
2008¥69k/m²¥83k/m²––
2009¥70k/m²¥76k/m²¥192k/m²–
2010¥65k/m²¥85k/m²¥156k/m²–
2011¥65k/m²¥76k/m²–¥190k/m²
2012¥61k/m²¥84k/m²–¥204k/m²
2013¥64k/m²¥77k/m²¥138k/m²¥217k/m²
2014¥57k/m²¥76k/m²–¥200k/m²
2015¥73k/m²¥80k/m²–¥210k/m²
2016¥63k/m²¥71k/m²–¥217k/m²
2017¥52k/m²¥79k/m²–¥229k/m²
2018¥60k/m²¥69k/m²–¥217k/m²
2019¥70k/m²¥80k/m²–¥248k/m²
2020¥74k/m²¥89k/m²–¥242k/m²
2021¥61k/m²¥84k/m²––
2022¥62k/m²¥90k/m²––
2023¥64k/m²¥96k/m²––
2024¥57k/m²¥91k/m²––
2025¥46k/m²¥96k/m²–¥188k/m²
2026 (partial)–¥96k/m²––

Prices near train stations in Obihiro 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)
Obihiro (帯広)¥19.0M¥242k/m²¥16.0M195701,924-40% vs 2019

Used condo prices by layout in Obihiro City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥19.0M80 m²15

How much does a house cost in Obihiro City?

The median house sale, including the land, was ¥18.0M in 2025 across 158 sales.

Are property prices in Obihiro City going up?

Over the five years to 2025, residential land prices changed +25.0%.

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.