Himeji Castle, Hyogo
Photo: Himeji Castle, Hyogo · Svetlana Gumerova / Unsplash

Ashiya City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 257

In short

  1. 1
    Steady, predictable growth

    Condo prices per m² have climbed about 1.2% a year, roughly in line with the previous five years.

  2. 2
    Lagging Hyogo

    Per m², condos here are 9% above the Hyogo average.

  3. 3
    Being near a station is worth a lot

    Condos within a 5-minute walk of a station sell for about 34% more per m² than those 11–15 minutes away.

  4. 4
    A family market

    59% of recent condo sales have three or more bedrooms.

The answers, compared

What does a home cost?

¥35.0M

median used condo · ¥455k/m²

14% above the Hyogo median

5 of 19 areas in Hyogo, highest first

Are prices rising?

+17.8%

over 5 years

Slower than Hyogo (+30.0%)

13 of 38 areas in Hyogo, highest first

Can local earners afford it?

3.9× income

median price ÷ average taxable income

Easier than Hyogo (5.5×)

17 of 41 areas in Hyogo, highest first

Rent or buy?

40years of rent

median price ÷ a year of median rent

Longer than Hyogo (32)

4 of 40 areas in Hyogo, highest first

Are people moving in?

-2.4%

population, 2020–25

Shrinking slower than Hyogo (-2.6%)

13 of 41 areas in Hyogo, highest first

How risky is it?

22%

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

Lower than Hyogo (33%)

20 of 41 areas in Hyogo, highest first

Rent in Ashiya City

The average private rental costs ¥103k a month (2023), -0.6% since 2018. Hyogo: ¥65k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥55k
vs 2018 +4.5% · Hyogo: ¥50k
30–49 m²
1LDK / 2DK
¥74k
vs 2018 +1.2% · Hyogo: ¥62k
50–69 m²
2LDK / 3DK
¥97k
vs 2018 -3.5% · Hyogo: ¥75k
70–99 m²
3LDK / family
¥113k
vs 2018 -15.1% · Hyogo: ¥89k
100–149 m²
mostly houses
¥195k
vs 2018 +13.7% · Hyogo: ¥91k
Rent per m²
¥1,739
median, per month · Hyogo: ¥1,586
The median used condo (¥35.0M, 75 m²) costs about 26 years of average rent for a similar-sized home (¥113k 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. 8,160 rented homes.

What the data says

Steady, predictable growth

Condo prices per m² have climbed about 1.2% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.

Lagging Hyogo

Per m², condos here are 9% above the Hyogo average. The premium was 40% ten years ago, so the rest of Hyogo has been catching up.

Being near a station is worth a lot

Condos within a 5-minute walk of a station sell for about 34% more per m² than those 11–15 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.

A family market

59% of recent condo sales have three or more bedrooms. Demand comes mainly from owner-occupier families, which tends to make prices steadier but rental yields lower.

Sales are thinning out

Transactions are down about 10% 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 condo sales last year were between ¥23.0M and ¥48.5M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 2.4% between 2020 and 2025 (−2.6% for the wider area). More people moved out than in during 2025 (about 3.6 per 1,000 residents), which weakens long-term housing demand.

Typical vacancy

14.2% of homes were empty in 2023 (13.8% for the wider area), and 5.9% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Buying vs renting

A median used condo costs about 39.7 years of the area's median rent (¥73k a month), compared with 32.3 years for the wider area. Prices are high relative to rents, so rental yields are thin and buyers are paying for expected growth. Rents here cover all rented homes, so treat this as a rough guide.

Moderate earthquake risk

The government's seismic model gives a 22% chance of shaking of intensity 6-lower or stronger in the next 30 years (33% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

A typical condo costs 3.9 years of local income

Taxpayers here reported an average taxable income of ¥8.9m in 2023 (¥4.0m for the wider area). That is +45% since 2014. The median resale condo sold for about 3.9 times that, against 5.5 times for the wider area. A higher multiple means prices lean more on buyers from outside the area or on two incomes. Averages are pulled up by a few very high earners, so a typical household earns less than this.

Official land prices are rising fast

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +4% in the year to January 2026 and +16% over five years. They are still 61% 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, 26% 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 Ashiya City: people, homes and risks

Population 2025
91,703
-2.4% since 2020
Hyogo: -2.6%
Net moves in 2025
-329
-3.59 per 1,000 residents
Hyogo: -0.39
Vacant homes (2023)
14.2%
5.9% empty and not for rent or sale
Hyogo: 13.8%
Median rent (2023)
¥73k
per month, all rented homes
Hyogo: ¥57k
Strong earthquake risk
22.1%
chance of shaking of intensity 6-lower or more within 30 years
Hyogo: 33.0%
Average income per taxpayer
¥8.9M
taxable income in 2023
Hyogo: ¥4.0M
Daytime population
86
people here by day per 100 residents (2020 census)
Foreign residents
2.2%
2,046 registered residents in 2024
Hyogo: 2.6%
Clinics
15.9
per 10,000 residents; 3 hospitals, 78 dental clinics (2020)
Hyogo: 10.1
Official land price 2026
¥381k/m²
+4.0% in a year · +15.7% in 5 years
Hyogo: ¥102k/m²
Flood exposure
26.1%
of 23 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Hyogo: 46.1%
Landslide exposure
0.0%
of 23 benchmark sites in a landslide warning area
Hyogo: 4.3%

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 Ashiya 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

¥20.0M

¥333k/m²

  • Higashiyamacho
  • Ashiya(JR) · 19 min walk
  • 2LDK · 60 m²
  • Built 1987 (39 yrs) · RC
Typical2026 Q2

¥37.0M

¥529k/m²

  • Higashiyamacho
  • Ashiya(JR) · 15 min walk
  • 3LDK · 70 m²
  • Built 2000 (26 yrs) · RC
Higher-priced2026 Q1

¥56.0M

¥659k/m²

  • Kasugacho
  • Uchide · 3 min walk
  • 3LDK · 85 m²
  • Built 2006 (20 yrs) · RC

House

Lower-priced2026 Q1

¥33.0M

¥220k/m²

  • Okuikeminamicho
  • Ashiya Gawa
  • Land 450 m² · floor 150 m²
  • Built 1974 (52 yrs) · Light steel
Typical2025 Q4

¥60.0M

¥571k/m²

  • Midorigaokacho
  • Ashiya(Hanshin) · 13 min walk
  • Land 80 m² · floor 105 m²
  • Built 2026 (0 yrs) · Wood
Higher-priced2026 Q2

¥120M

¥774k/m²

  • Higashiyamacho
  • Ashiya Gawa · 15 min walk
  • Land 240 m² · floor 155 m²
  • Built 2014 (12 yrs) · Wood
Median transaction price by year
¥0¥50.0M¥100M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007¥24.0M¥58.5M
2008¥25.0M¥59.0M
2009¥26.5M¥54.5M
2010¥27.0M¥55.5M
2011¥26.0M¥56.0M
2012¥27.0M¥66.0M
2013¥25.0M¥58.0M
2014¥26.0M¥55.0M
2015¥28.0M¥56.0M
2016¥27.0M¥61.0M
2017¥27.0M¥56.0M
2018¥26.0M¥59.0M
2019¥29.0M¥60.0M
2020¥28.0M¥57.0M
2021¥29.0M¥56.0M
2022¥29.0M¥62.0M
2023¥30.0M¥71.5M
2024¥30.0M¥81.5M
2025¥35.0M¥68.0M
2026 (partial)¥37.0M–
Median price per m² by yearHouses carry a premium — A m² of house floor costs about 17% more than a condo here, which usually means land is scarce and houses are a premium product.
¥0¥200k¥400k¥600k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007¥333k/m²¥447k/m²¥270k/m²
2008¥349k/m²¥436k/m²¥300k/m²
2009¥346k/m²¥414k/m²¥235k/m²
2010¥350k/m²¥368k/m²¥255k/m²
2011¥379k/m²¥433k/m²¥250k/m²
2012¥422k/m²¥400k/m²¥220k/m²
2013¥415k/m²¥393k/m²¥260k/m²
2014¥354k/m²¥415k/m²¥255k/m²
2015¥384k/m²¥405k/m²¥300k/m²
2016¥373k/m²¥464k/m²¥240k/m²
2017¥371k/m²¥416k/m²¥310k/m²
2018¥387k/m²¥445k/m²¥335k/m²
2019¥418k/m²¥474k/m²¥310k/m²
2020¥386k/m²¥443k/m²¥325k/m²
2021¥400k/m²¥420k/m²¥315k/m²
2022¥419k/m²¥461k/m²¥325k/m²
2023¥440k/m²¥508k/m²¥430k/m²
2024¥400k/m²¥518k/m²¥340k/m²
2025¥455k/m²¥483k/m²¥370k/m²
2026 (partial)¥548k/m²––
Price per m² by building age (2021–2025 sales)
¥0¥200k¥400k¥600k¥800k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥557k/m²
1–¥504k/m²
9¥688k/m²–
16¥564k/m²–
17¥509k/m²–
18¥533k/m²–
19¥473k/m²–
20¥433k/m²–
21¥586k/m²–
22¥480k/m²¥543k/m²
23¥492k/m²–
24¥414k/m²–
25¥413k/m²–
26¥434k/m²–
27¥406k/m²¥526k/m²
28¥440k/m²–
29¥421k/m²–
30¥537k/m²–
31¥422k/m²–
32¥436k/m²–
33¥425k/m²–
34¥415k/m²–
35¥357k/m²–
36¥376k/m²–
37¥371k/m²–
38¥307k/m²–
39¥272k/m²–
40¥308k/m²–
42¥110k/m²–
43¥150k/m²–
44¥114k/m²–
45¥156k/m²–
50¥247k/m²¥250k/m²
Condo price per m² by construction period
¥0¥200k¥400k¥600k¥800k2007200920112013201520172019202120232025

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–¥331k/m²––
2008–¥346k/m²––
2009–¥343k/m²¥467k/m²–
2010–¥353k/m²¥444k/m²–
2011–¥338k/m²¥431k/m²–
2012–¥333k/m²¥434k/m²–
2013–¥327k/m²¥455k/m²–
2014–¥325k/m²¥482k/m²–
2015–¥328k/m²¥450k/m²–
2016–¥338k/m²¥484k/m²–
2017¥163k/m²¥356k/m²¥453k/m²–
2018–¥350k/m²¥513k/m²–
2019–¥375k/m²¥505k/m²–
2020¥200k/m²¥372k/m²¥462k/m²–
2021–¥371k/m²¥459k/m²¥674k/m²
2022¥160k/m²¥408k/m²¥564k/m²–
2023¥153k/m²¥429k/m²¥509k/m²–
2024–¥371k/m²¥533k/m²–
2025–¥431k/m²¥545k/m²–
House price per m² by construction period
¥0¥200k¥400k¥600k2007200920112013201520172019202120232025

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
Year1981-20002001-20102011-2020
2007–¥452k/m²–
2008¥380k/m²¥456k/m²–
2009¥300k/m²¥516k/m²–
2010¥280k/m²––
2011¥360k/m²–¥473k/m²
2012¥305k/m²––
2013¥343k/m²–¥457k/m²
2014¥336k/m²––
2015¥308k/m²––
2016¥416k/m²–¥510k/m²
2017¥300k/m²–¥453k/m²
2018¥444k/m²––
2020¥342k/m²–¥494k/m²
2021¥366k/m²––
2022¥376k/m²––
2023¥320k/m²––
2025¥315k/m²––

Prices near train stations in Ashiya 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)
Ashiya(JR) (芦屋(JR))¥37.0M¥503k/m²¥79.5M1421075,020-10% vs 2019
Ashiya(Hanshin) (芦屋(阪神))¥26.0M¥420k/m²¥70.0M1216675,020-10% vs 2019
Uchide (打出)¥30.0M¥400k/m²¥51.5M916115,126-5% vs 2019
Ashiya Gawa (芦屋川)¥30.5M¥340k/m²¥73.0M98413,369-14% vs 2019

Used condo prices by layout in Ashiya City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥35.0M75 m²200
2LDK¥32.5M65 m²92
1LDK¥25.0M55 m²38
4LDK¥36.5M97.5 m²18
2DK¥16.0M45 m²11

How much does an apartment cost in Ashiya City?

The median used condo (mansion) in Ashiya City sold for ¥35.0M in 2025, about ¥455k/m², based on 163 recorded sales.

How much does a house cost in Ashiya City?

The median house sale, including the land, was ¥68.0M in 2025 across 59 sales.

Are property prices in Ashiya City going up?

Over the five years to 2025, condo prices per m² changed +17.8% and residential land prices changed +13.8%.

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.