Kanazawa Housing Market 2026: The Shinkansen City
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 1,112
In short
- 1A Shinkansen boost
Kanazawa got the Hokuriku Shinkansen from Tokyo in 2015.
- 2Houses are the main market
Kanazawa had about 1,100 recorded sales in 2025, most of them houses and land.
- 3Condos lose value fast
Condos here lose half their price by about 15 years old, much faster than in big cities.
- 4A family market
The most traded condo is a 75 m² 3LDK at about ¥20M, and almost half of condo sales are family-sized.
- 5Population and yields
Population fell 2.0% between 2020 and 2025, less than Ishikawa as a whole (−3.9%).
The answers, compared
What does a home cost?
¥18.5M
median used condo · ¥267k/m²
8% above the Ishikawa median
Are prices rising?
+25.0%
over 5 years
Faster than Ishikawa (+16.0%)
4 of 12 areas in Ishikawa, highest first
Can local earners afford it?
4.9× income
median price ÷ average taxable income
In line with Ishikawa (4.6×)
4 of 11 areas in Ishikawa, highest first
Rent or buy?
32years of rent
median price ÷ a year of median rent
Longer than Ishikawa (28)
5 of 11 areas in Ishikawa, highest first
Are people moving in?
-2.0%
population, 2020–25
Shrinking slower than Ishikawa (-3.9%)
6 of 16 areas in Ishikawa, highest first
How risky is it?
7%
chance of strong shaking (6-lower+) in 30 years
In line with Ishikawa (7%)
6 of 16 areas in Ishikawa, highest first
Rent in Kanazawa City
The average private rental costs ¥52k a month (2023), +0.8% since 2018. Ishikawa: ¥50k
| Floor area | Typical layout | Average rent / month | Kanazawa CityIshikawa |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥38k vs 2018 -0.4% · Ishikawa: ¥37k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥51k vs 2018 +2.6% · Ishikawa: ¥50k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥60k vs 2018 +1.3% · Ishikawa: ¥58k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥71k vs 2018 -5.0% · Ishikawa: ¥68k | |
| 100–149 m² mostly houses | mostly houses | ¥64k vs 2018 -0.4% · Ishikawa: ¥58k | |
| 150 m² + mostly houses | mostly houses | ¥59k vs 2018 +1.7% · Ishikawa: ¥50k |
- Rent per m²
- ¥1,301
- median, per month · Ishikawa: ¥1,253
- The median used condo (¥18.5M, 70 m²) costs about 22 years of average rent for a similar-sized home (¥71k 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. 66,540 rented homes.
A Shinkansen boost
Kanazawa got the Hokuriku Shinkansen from Tokyo in 2015. Since then condo prices per m² have risen from about ¥0.17M to ¥0.27M, about 5% a year, with little slowdown. Condos are about 1.1 times the Ishikawa average, the highest in the prefecture. The median condo sold for about ¥18.5M.
Houses are the main market
Kanazawa had about 1,100 recorded sales in 2025, most of them houses and land. The median house sold for about ¥20M, the same as in 2024. Houses lose value slowly and keep about a third of their value even at 37 years old, but buyers mainly pay for the land.
Condos lose value fast
Condos here lose half their price by about 15 years old, much faster than in big cities. A new condo is a premium product in Kanazawa; older ones sell cheaply.
A family market
The most traded condo is a 75 m² 3LDK at about ¥20M, and almost half of condo sales are family-sized. Homes near a station sell for much more than those far away, as most residents drive.
Population and yields
Population fell 2.0% between 2020 and 2025, less than Ishikawa as a whole (−3.9%). A median condo costs about 32 years of median rent, above the Ishikawa average of 28.
Risks and renewal
Benchmark residential land rose only 1.9% in the past year. The 30-year probability of 6-lower shaking is low (about 7%), though the 2024 Noto Peninsula earthquake shook the city. About 57% of benchmark sites are in a flood zone, mostly shallow, along the Sai and Asano rivers. The Kanazawa Station East area is an Urgent Urban Renewal Area.
Living in Kanazawa City: people, homes and risks
- Population 2025
- 454,071
- -2.0% since 2020
- Ishikawa: -3.9%
- Net moves in 2025
- -167
- -0.37 per 1,000 residents
- Ishikawa: -2.55
- Vacant homes (2023)
- 14.8%
- 4.8% empty and not for rent or sale
- Ishikawa: 15.6%
- Median rent (2023)
- ¥48k
- per month, all rented homes
- Ishikawa: ¥47k
- Strong earthquake risk
- 6.6%
- chance of shaking of intensity 6-lower or more within 30 years
- Ishikawa: 6.8%
- Average income per taxpayer
- ¥3.8M
- taxable income in 2023
- Ishikawa: ¥3.4M
- Daytime population
- 108
- people here by day per 100 residents (2020 census)
- Foreign residents
- 1.8%
- 7,998 registered residents in 2024
- Ishikawa: 1.9%
- Clinics
- 9.2
- per 10,000 residents; 44 hospitals, 225 dental clinics (2020)
- Ishikawa: 8.2
- Official land price 2026
- ¥90k/m²
- +1.9% in a year · +12.7% in 5 years
- Ishikawa: ¥49k/m²
- Flood exposure
- 57.4%
- of 94 benchmark sites in a worst-case flood zone (3.2% 3 m or deeper)
- Ishikawa: 58.8%
- Landslide exposure
- 4.3%
- of 94 benchmark sites in a landslide warning area
- Ishikawa: 2.8%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Kanazawa Station East · 59 ha · designated 2025
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 Kanazawa 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
¥4.5M
¥64k/m²
- Kodatsuno
- Kanazawa
- 3LDK · 70 m²
- Built 1993 (33 yrs)
¥19.0M
¥238k/m²
- Izumihommachi
- Nishiizumi · 8 min walk
- 3LDK · 80 m²
- Built 2003 (22 yrs) · SRC
¥39.0M
¥459k/m²
- Hommachi
- Kanazawa · 8 min walk
- 2LDK · 85 m²
- Built 2007 (18 yrs) · SRC
House
¥9.8M
¥123k/m²
- Hondamachi
- Kanazawa
- Land 120 m² · floor 80 m²
- Built 1966 (60 yrs) · Wood
¥21.0M
¥105k/m²
- Shijimadai
- Otomaru · 11 min walk
- Land 290 m² · floor 200 m²
- Built 1992 (34 yrs) · Light steel
¥35.0M
¥412k/m²
- Kamiyachimachi
- Higashi Kanazawa · 15 min walk
- Land 105 m² · floor 85 m²
- Built 2026 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥11.5M | ¥18.0M |
| 2008 | ¥12.0M | ¥19.0M |
| 2009 | ¥12.0M | ¥16.0M |
| 2010 | ¥11.0M | ¥17.0M |
| 2011 | ¥9.8M | ¥16.0M |
| 2012 | ¥10.0M | ¥17.0M |
| 2013 | ¥14.0M | ¥18.0M |
| 2014 | ¥9.4M | ¥18.0M |
| 2015 | ¥11.0M | ¥17.5M |
| 2016 | ¥13.0M | ¥17.0M |
| 2017 | ¥12.0M | ¥20.0M |
| 2018 | ¥14.0M | ¥20.0M |
| 2019 | ¥14.0M | ¥20.0M |
| 2020 | ¥14.0M | ¥22.0M |
| 2021 | ¥15.0M | ¥22.0M |
| 2022 | ¥16.0M | ¥18.0M |
| 2023 | ¥13.0M | ¥19.0M |
| 2024 | ¥18.0M | ¥20.0M |
| 2025 | ¥18.5M | ¥20.0M |
| 2026 (partial) | ¥20.0M | ¥20.5M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥155k/m² | ¥125k/m² | ¥82k/m² |
| 2008 | ¥163k/m² | ¥126k/m² | ¥79k/m² |
| 2009 | ¥175k/m² | ¥110k/m² | ¥71k/m² |
| 2010 | ¥153k/m² | ¥113k/m² | ¥66k/m² |
| 2011 | ¥150k/m² | ¥110k/m² | ¥65k/m² |
| 2012 | ¥144k/m² | ¥109k/m² | ¥63k/m² |
| 2013 | ¥187k/m² | ¥109k/m² | ¥61k/m² |
| 2014 | ¥146k/m² | ¥122k/m² | ¥61k/m² |
| 2015 | ¥166k/m² | ¥115k/m² | ¥68k/m² |
| 2016 | ¥180k/m² | ¥119k/m² | ¥65k/m² |
| 2017 | ¥182k/m² | ¥133k/m² | ¥67k/m² |
| 2018 | ¥186k/m² | ¥139k/m² | ¥72k/m² |
| 2019 | ¥200k/m² | ¥136k/m² | ¥73k/m² |
| 2020 | ¥213k/m² | ¥158k/m² | ¥71k/m² |
| 2021 | ¥218k/m² | ¥148k/m² | ¥76k/m² |
| 2022 | ¥206k/m² | ¥129k/m² | ¥76k/m² |
| 2023 | ¥200k/m² | ¥133k/m² | ¥79k/m² |
| 2024 | ¥264k/m² | ¥127k/m² | ¥81k/m² |
| 2025 | ¥267k/m² | ¥136k/m² | ¥80k/m² |
| 2026 (partial) | ¥258k/m² | ¥139k/m² | ¥86k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥295k/m² |
| 1 | ¥948k/m² | ¥282k/m² |
| 2 | – | ¥290k/m² |
| 3 | – | ¥270k/m² |
| 4 | – | ¥257k/m² |
| 5 | – | ¥255k/m² |
| 6 | – | ¥270k/m² |
| 7 | – | ¥224k/m² |
| 8 | – | ¥222k/m² |
| 9 | – | ¥249k/m² |
| 10 | – | ¥204k/m² |
| 11 | – | ¥226k/m² |
| 12 | – | ¥218k/m² |
| 13 | – | ¥200k/m² |
| 14 | – | ¥211k/m² |
| 15 | ¥400k/m² | ¥176k/m² |
| 16 | ¥394k/m² | ¥152k/m² |
| 17 | ¥355k/m² | ¥170k/m² |
| 18 | ¥453k/m² | ¥184k/m² |
| 19 | ¥350k/m² | ¥178k/m² |
| 20 | – | ¥160k/m² |
| 21 | ¥207k/m² | ¥146k/m² |
| 22 | ¥239k/m² | ¥165k/m² |
| 23 | ¥234k/m² | ¥131k/m² |
| 24 | ¥273k/m² | ¥124k/m² |
| 25 | ¥253k/m² | ¥126k/m² |
| 26 | ¥227k/m² | ¥130k/m² |
| 27 | ¥200k/m² | ¥119k/m² |
| 28 | – | ¥106k/m² |
| 29 | ¥160k/m² | ¥117k/m² |
| 30 | ¥150k/m² | ¥107k/m² |
| 31 | ¥146k/m² | ¥120k/m² |
| 32 | ¥133k/m² | ¥100k/m² |
| 33 | ¥151k/m² | ¥95k/m² |
| 34 | ¥133k/m² | ¥100k/m² |
| 35 | ¥158k/m² | ¥111k/m² |
| 36 | ¥168k/m² | ¥98k/m² |
| 37 | ¥131k/m² | ¥80k/m² |
| 38 | – | ¥86k/m² |
| 39 | – | ¥68k/m² |
| 40 | – | ¥78k/m² |
| 41 | – | ¥100k/m² |
| 42 | – | ¥83k/m² |
| 43 | – | ¥100k/m² |
| 44 | – | ¥90k/m² |
| 45 | – | ¥80k/m² |
| 46 | – | ¥75k/m² |
| 47 | – | ¥91k/m² |
| 48 | – | ¥77k/m² |
| 49 | – | ¥79k/m² |
| 50 | – | ¥78k/m² |
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
| Year | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|
| 2007 | ¥145k/m² | – | – |
| 2008 | ¥133k/m² | ¥293k/m² | – |
| 2009 | ¥111k/m² | ¥293k/m² | – |
| 2010 | ¥121k/m² | ¥323k/m² | – |
| 2011 | ¥122k/m² | ¥318k/m² | – |
| 2012 | ¥114k/m² | ¥240k/m² | – |
| 2013 | ¥140k/m² | ¥271k/m² | ¥415k/m² |
| 2014 | ¥129k/m² | ¥300k/m² | – |
| 2015 | ¥145k/m² | ¥270k/m² | – |
| 2016 | ¥139k/m² | ¥307k/m² | – |
| 2017 | ¥151k/m² | ¥261k/m² | – |
| 2018 | ¥145k/m² | ¥300k/m² | – |
| 2019 | ¥182k/m² | ¥289k/m² | – |
| 2020 | ¥165k/m² | – | – |
| 2021 | ¥169k/m² | ¥325k/m² | ¥644k/m² |
| 2022 | ¥183k/m² | ¥318k/m² | – |
| 2023 | ¥144k/m² | ¥333k/m² | – |
| 2024 | ¥140k/m² | ¥337k/m² | – |
| 2025 | ¥190k/m² | ¥355k/m² | – |
| 2026 (partial) | ¥156k/m² | – | – |
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
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2007 | ¥111k/m² | ¥125k/m² | ¥254k/m² | – |
| 2008 | ¥100k/m² | ¥113k/m² | ¥229k/m² | – |
| 2009 | ¥87k/m² | ¥117k/m² | ¥210k/m² | – |
| 2010 | ¥102k/m² | ¥100k/m² | ¥219k/m² | – |
| 2011 | ¥80k/m² | ¥100k/m² | ¥169k/m² | ¥219k/m² |
| 2012 | ¥75k/m² | ¥105k/m² | ¥169k/m² | ¥213k/m² |
| 2013 | ¥79k/m² | ¥99k/m² | ¥183k/m² | ¥210k/m² |
| 2014 | ¥88k/m² | ¥108k/m² | ¥169k/m² | ¥210k/m² |
| 2015 | ¥72k/m² | ¥96k/m² | ¥174k/m² | ¥220k/m² |
| 2016 | ¥78k/m² | ¥110k/m² | ¥166k/m² | ¥232k/m² |
| 2017 | ¥79k/m² | ¥111k/m² | ¥171k/m² | ¥243k/m² |
| 2018 | ¥82k/m² | ¥114k/m² | ¥191k/m² | ¥248k/m² |
| 2019 | ¥78k/m² | ¥114k/m² | ¥159k/m² | ¥255k/m² |
| 2020 | ¥73k/m² | ¥109k/m² | ¥170k/m² | ¥254k/m² |
| 2021 | ¥91k/m² | ¥96k/m² | ¥168k/m² | ¥235k/m² |
| 2022 | ¥84k/m² | ¥100k/m² | ¥176k/m² | ¥244k/m² |
| 2023 | ¥83k/m² | ¥112k/m² | ¥167k/m² | ¥263k/m² |
| 2024 | ¥71k/m² | ¥100k/m² | ¥173k/m² | ¥255k/m² |
| 2025 | ¥91k/m² | ¥111k/m² | ¥170k/m² | ¥245k/m² |
| 2026 (partial) | ¥100k/m² | ¥132k/m² | – | – |
Prices near train stations in Kanazawa City
Sales from 2023–2025, grouped by nearest station.
| Station | Median used condo price | Condo price per m² | Median house price (land + building) | Walk (min) | Sales | Daily passengers (2023) |
|---|---|---|---|---|---|---|
| Kanazawa (金沢) | ¥16.0M | ¥240k/m² | ¥20.0M | 18 | 1643 | 15,725-66% vs 2019 |
| Higashi Kanazawa (東金沢) | ¥20.5M | ¥262k/m² | ¥18.0M | 13 | 61 | 5,608-11% vs 2019 |
| Nishi Kanazawa (西金沢) | – | – | ¥18.5M | 11 | 52 | 6,010-1% vs 2019 |
| Morimoto (森本) | – | – | ¥13.0M | 14 | 51 | 2,915-12% vs 2019 |
| Nonoichi(IR) (野々市(ＩＲ)) | – | – | ¥19.0M | 13 | 10 | 5,031+23% vs 2019 |
Used condo prices by layout in Kanazawa City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥20.0M | 75 m² | 142 |
| 2LDK | ¥19.0M | 65 m² | 75 |
| 1K | ¥2.1M | 20 m² | 47 |
| 1LDK | ¥15.0M | 55 m² | 25 |
| 4LDK | ¥29.5M | 90 m² | 20 |
| 2DK | ¥6.5M | 45 m² | 15 |
| 1DK | ¥4.3M | 35 m² | 14 |
How much does an apartment cost in Kanazawa City?
The median used condo (mansion) in Kanazawa City sold for ¥18.5M in 2025, about ¥267k/m², based on 120 recorded sales.
How much does a house cost in Kanazawa City?
The median house sale, including the land, was ¥20.0M in 2025 across 537 sales.
Are property prices in Kanazawa City going up?
Over the five years to 2025, condo prices per m² changed +25.0% and residential land prices changed +12.7%.
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.