Nishi Ward (Yokohama) Housing Market 2026: Minato Mirai and Yokohama Station
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 464
In short
- 1Yokohama's most expensive ward
Nishi Ward includes Yokohama Station and most of Minato Mirai.
- 2Growing fastest in Yokohama
Population grew 3.0% between 2020 and 2025, the most of Yokohama's wards, while Kanagawa as a whole shrank 0.5%.
- 3Small flats dominate
More than half of condo sales are studios; the 20 m² 1K at about ¥20M is the most traded home.
- 4Yields and risks
A median condo costs about 30 years of median rent, better than the Kanagawa average of 35.
The answers, compared
What does a home cost?
¥27.0M
median used condo · ¥1.1M/m²
1.9× the Kanagawa median
1 of 41 areas in Kanagawa, highest first
Are prices rising?
+43.6%
over 5 years
Faster than Kanagawa (+28.6%)
6 of 49 areas in Kanagawa, highest first
Can local earners afford it?
5.8× income
median price ÷ average taxable income
Easier than Kanagawa (6.6×)
29 of 51 areas in Kanagawa, highest first
Rent or buy?
30years of rent
median price ÷ a year of median rent
Shorter than Kanagawa (35)
36 of 50 areas in Kanagawa, highest first
Are people moving in?
+3.0%
population, 2020–25
Growing while Kanagawa shrinks (-0.5%)
3 of 51 areas in Kanagawa, highest first
How risky is it?
41%
chance of strong shaking (6-lower+) in 30 years
Lower than Kanagawa (56%)
40 of 51 areas in Kanagawa, highest first
Rent in Nishi Ward, Yokohama City
The average private rental costs ¥85k a month (2023), -0.6% since 2018. Kanagawa: ¥76k
| Floor area | Typical layout | Average rent / month | Nishi Ward, Yokohama CityKanagawa |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥67k vs 2018 +2.9% · Kanagawa: ¥59k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥94k vs 2018 +11.8% · Kanagawa: ¥76k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥122k vs 2018 +2.4% · Kanagawa: ¥93k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥158k vs 2018 -2.3% · Kanagawa: ¥109k |
- Rent per m²
- ¥2,898
- median, per month · Kanagawa: ¥2,085
- The median used condo (¥27.0M, 25 m²) costs about 34 years of average rent for a similar-sized home (¥67k 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. 22,680 rented homes.
Yokohama's most expensive ward
Nishi Ward includes Yokohama Station and most of Minato Mirai. Condos cost about ¥1.1M per m² in 2025, the highest of Yokohama's 18 wards and about 1.9 times the Kanagawa average, up from 1.6 times ten years ago. Minato Mirai towers sell at about ¥1.6M per m², close to central Tokyo levels.
Growing fastest in Yokohama
Population grew 3.0% between 2020 and 2025, the most of Yokohama's wards, while Kanagawa as a whole shrank 0.5%. In 2025 Nishi had a net inflow from the rest of Japan of about 8 per 1,000 residents, the second highest in the city.
Prices
Prices per m² rose about 6% a year over the past five years, slightly faster than before. The median condo sold for about ¥27M, the same as in 2024. Benchmark residential land rose about 7% in the past year.
Small flats dominate
More than half of condo sales are studios; the 20 m² 1K at about ¥20M is the most traded home. Family 2LDKs and 3LDKs sell at about ¥57–65M. Tobe and Nishi-Yokohama are cheaper than Minato Mirai and Takashimacho, at about ¥0.95–1.0M per m². Hinodecho and Tennocho are the cheapest.
Yields and risks
A median condo costs about 30 years of median rent, better than the Kanagawa average of 35. About 60% of benchmark sites are in a flood zone and the same share in a tsunami zone, all on the low land by the harbour. The Central Yokohama and Waterfront renewal area covers Yokohama Station and Minato Mirai.
Living in Nishi Ward, Yokohama City: people, homes and risks
- Population 2025
- 108,115
- +3.0% since 2020
- Kanagawa: -0.5%
- Net moves in 2025
- +858
- +7.94 per 1,000 residents
- Kanagawa: +3.05
- Vacant homes (2023)
- 11.1%
- 4.4% empty and not for rent or sale
- Kanagawa: 9.8%
- Median rent (2023)
- ¥76k
- per month, all rented homes
- Kanagawa: ¥70k
- Strong earthquake risk
- 41.3%
- chance of shaking of intensity 6-lower or more within 30 years
- Kanagawa: 56.2%
- Average income per taxpayer
- ¥4.6M
- taxable income in 2023, citywide figure
- Kanagawa: ¥4.4M
- Daytime population
- 190
- people here by day per 100 residents (2020 census)
- Foreign residents
- 5.7%
- 6,022 registered residents in 2024
- Kanagawa: 3.1%
- Clinics
- 17.2
- per 10,000 residents; 4 hospitals, 93 dental clinics (2020)
- Kanagawa: 7.6
- Official land price 2026
- ¥336k/m²
- +7.0% in a year · +25.4% in 5 years
- Kanagawa: ¥198k/m²
- Flood exposure
- 59.3%
- of 27 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Kanagawa: 25.9%
- Tsunami exposure
- 59.3%
- of 27 benchmark sites in a tsunami inundation zone
- Kanagawa: 10.5%
- Landslide exposure
- 0.0%
- of 27 benchmark sites in a landslide warning area
- Kanagawa: 2.4%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Central Yokohama and Waterfront (Yokohama Station, Minato Mirai, Kannai) · 524 ha · designated 2002 · Specified zone (highest priority)
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 Nishi Ward, Yokohama 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
¥18.0M
¥900k/m²
- Fujidanacho
- Nishi Yokohama · 8 min walk
- 1K · 20 m²
- Built 2016 (10 yrs) · RC
¥27.0M
¥1.4M/m²
- Sengencho
- Yokohama · 15 min walk
- 1K · 20 m²
- Built 2022 (4 yrs) · RC
¥57.0M
¥1.0M/m²
- Hiranuma
- Takashimacho · 5 min walk
- 2LDK · 55 m²
- Built 2004 (21 yrs) · RC
House
¥34.0M
¥425k/m²
- Kubocho
- Nishi Yokohama · 8 min walk
- Land 115 m² · floor 80 m²
- Built 1980 (46 yrs) · Wood
¥62.0M
¥496k/m²
- Motokubocho
- Hodogaya · 9 min walk
- Land 240 m² · floor 125 m²
- Built 2015 (11 yrs) · Wood
¥100M
¥455k/m²
- Sengencho
- Tennocho · 8 min walk
- Land 105 m² · floor 220 m²
- Built 2002 (24 yrs) · Steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥11.0M | – |
| 2006 | ¥13.0M | ¥40.0M |
| 2007 | ¥21.0M | ¥50.0M |
| 2008 | ¥22.0M | ¥40.5M |
| 2009 | ¥23.0M | ¥39.0M |
| 2010 | ¥20.0M | ¥37.0M |
| 2011 | ¥20.0M | ¥39.0M |
| 2012 | ¥25.0M | ¥41.0M |
| 2013 | ¥25.0M | ¥44.0M |
| 2014 | ¥22.0M | ¥41.0M |
| 2015 | ¥20.0M | ¥42.0M |
| 2016 | ¥19.0M | ¥44.5M |
| 2017 | ¥21.0M | ¥49.0M |
| 2018 | ¥23.0M | ¥45.0M |
| 2019 | ¥22.0M | ¥45.0M |
| 2020 | ¥24.0M | ¥45.0M |
| 2021 | ¥26.0M | ¥44.0M |
| 2022 | ¥25.0M | ¥51.5M |
| 2023 | ¥25.0M | ¥54.5M |
| 2024 | ¥27.0M | ¥53.5M |
| 2025 | ¥27.0M | ¥59.0M |
| 2026 (partial) | ¥26.0M | ¥56.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥444k/m² | – | – |
| 2006 | ¥400k/m² | ¥371k/m² | ¥230k/m² |
| 2007 | ¥492k/m² | ¥396k/m² | ¥250k/m² |
| 2008 | ¥552k/m² | ¥400k/m² | ¥275k/m² |
| 2009 | ¥500k/m² | ¥359k/m² | ¥235k/m² |
| 2010 | ¥621k/m² | ¥358k/m² | ¥250k/m² |
| 2011 | ¥538k/m² | ¥371k/m² | ¥320k/m² |
| 2012 | ¥533k/m² | ¥396k/m² | ¥230k/m² |
| 2013 | ¥500k/m² | ¥420k/m² | ¥290k/m² |
| 2014 | ¥600k/m² | ¥415k/m² | ¥330k/m² |
| 2015 | ¥600k/m² | ¥417k/m² | ¥240k/m² |
| 2016 | ¥688k/m² | ¥411k/m² | ¥280k/m² |
| 2017 | ¥700k/m² | ¥486k/m² | ¥330k/m² |
| 2018 | ¥750k/m² | ¥438k/m² | ¥280k/m² |
| 2019 | ¥800k/m² | ¥435k/m² | ¥420k/m² |
| 2020 | ¥752k/m² | ¥471k/m² | ¥310k/m² |
| 2021 | ¥815k/m² | ¥436k/m² | ¥365k/m² |
| 2022 | ¥880k/m² | ¥458k/m² | ¥420k/m² |
| 2023 | ¥877k/m² | ¥505k/m² | ¥425k/m² |
| 2024 | ¥1.0M/m² | ¥497k/m² | ¥430k/m² |
| 2025 | ¥1.1M/m² | ¥523k/m² | ¥425k/m² |
| 2026 (partial) | ¥1.1M/m² | ¥498k/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.4M/m² | ¥567k/m² |
| 1 | ¥1.3M/m² | ¥508k/m² |
| 2 | ¥1.0M/m² | – |
| 3 | ¥1.2M/m² | – |
| 4 | ¥1.2M/m² | – |
| 5 | ¥1.3M/m² | – |
| 6 | ¥1.2M/m² | – |
| 7 | ¥1.1M/m² | – |
| 8 | ¥1.1M/m² | – |
| 9 | ¥1.0M/m² | – |
| 10 | ¥988k/m² | – |
| 11 | ¥1.1M/m² | – |
| 12 | ¥1.1M/m² | – |
| 13 | ¥1.0M/m² | – |
| 14 | ¥1.1M/m² | – |
| 15 | ¥1.0M/m² | – |
| 16 | ¥1.0M/m² | – |
| 17 | ¥1.0M/m² | – |
| 18 | ¥1.0M/m² | – |
| 19 | ¥1.0M/m² | – |
| 20 | ¥900k/m² | – |
| 21 | ¥1.0M/m² | – |
| 22 | ¥923k/m² | – |
| 23 | ¥873k/m² | – |
| 24 | ¥772k/m² | – |
| 25 | ¥720k/m² | – |
| 26 | ¥692k/m² | – |
| 27 | ¥691k/m² | – |
| 29 | ¥513k/m² | – |
| 30 | ¥550k/m² | – |
| 31 | ¥530k/m² | – |
| 32 | ¥631k/m² | – |
| 33 | ¥587k/m² | – |
| 34 | ¥520k/m² | – |
| 35 | ¥468k/m² | – |
| 36 | ¥500k/m² | – |
| 37 | ¥550k/m² | – |
| 38 | ¥620k/m² | – |
| 39 | ¥537k/m² | – |
| 40 | ¥467k/m² | – |
| 41 | ¥583k/m² | – |
| 43 | ¥543k/m² | – |
| 44 | ¥568k/m² | – |
| 50 | ¥421k/m² | ¥302k/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 |
|---|---|---|---|
| 2005 | ¥433k/m² | ¥889k/m² | – |
| 2006 | ¥385k/m² | ¥667k/m² | – |
| 2007 | ¥400k/m² | ¥676k/m² | – |
| 2008 | ¥440k/m² | ¥780k/m² | – |
| 2009 | ¥367k/m² | ¥757k/m² | – |
| 2010 | ¥382k/m² | ¥800k/m² | – |
| 2011 | ¥375k/m² | ¥825k/m² | – |
| 2012 | ¥369k/m² | ¥680k/m² | – |
| 2013 | ¥386k/m² | ¥600k/m² | – |
| 2014 | ¥405k/m² | ¥750k/m² | ¥833k/m² |
| 2015 | ¥433k/m² | ¥850k/m² | ¥899k/m² |
| 2016 | ¥453k/m² | ¥850k/m² | ¥929k/m² |
| 2017 | ¥500k/m² | ¥871k/m² | ¥1.1M/m² |
| 2018 | ¥511k/m² | ¥900k/m² | ¥1.1M/m² |
| 2019 | ¥545k/m² | ¥906k/m² | ¥1.0M/m² |
| 2020 | ¥560k/m² | ¥900k/m² | ¥1.1M/m² |
| 2021 | ¥550k/m² | ¥900k/m² | ¥1.0M/m² |
| 2022 | ¥613k/m² | ¥950k/m² | ¥1.1M/m² |
| 2023 | ¥567k/m² | ¥950k/m² | ¥1.1M/m² |
| 2024 | ¥610k/m² | ¥1.1M/m² | ¥1.1M/m² |
| 2025 | ¥633k/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2026 (partial) | ¥700k/m² | ¥1.1M/m² | ¥1.2M/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 | – | ¥458k/m² | – |
| 2008 | ¥336k/m² | ¥435k/m² | – |
| 2009 | ¥255k/m² | ¥427k/m² | – |
| 2010 | ¥253k/m² | ¥405k/m² | – |
| 2011 | – | – | ¥410k/m² |
| 2012 | – | – | ¥441k/m² |
| 2013 | ¥245k/m² | – | ¥467k/m² |
| 2014 | ¥271k/m² | – | ¥453k/m² |
| 2015 | – | – | ¥476k/m² |
| 2016 | – | – | ¥467k/m² |
| 2017 | – | – | ¥521k/m² |
| 2018 | – | – | ¥500k/m² |
| 2019 | ¥333k/m² | – | ¥476k/m² |
| 2020 | – | – | ¥525k/m² |
| 2025 | ¥375k/m² | – | – |
Prices near train stations in Nishi Ward, Yokohama 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) |
|---|---|---|---|---|---|---|
| Yokohama (横浜) | ¥27.0M | ¥819k/m² | ¥63.0M | 11 | 291 | 1,961,481-7% vs 2019 |
| Tobe (戸部) | ¥24.0M | ¥1.0M/m² | ¥60.0M | 5 | 209 | 16,094-4% vs 2019 |
| Nishi Yokohama (西横浜) | ¥21.0M | ¥950k/m² | ¥49.0M | 7 | 200 | 14,409-3% vs 2019 |
| Hiranuma Bashi (平沼橋) | ¥23.5M | ¥842k/m² | – | 4 | 135 | 8,818-1% vs 2019 |
| Takashimacho (高島町) | ¥32.0M | ¥1.1M/m² | – | 3 | 104 | 9,518-11% vs 2019 |
| Sakuragicho (桜木町) | ¥39.5M | ¥1.1M/m² | ¥80.5M | 6 | 102 | 180,7180% vs 2019 |
| Minatomirai (みなとみらい) | ¥110M | ¥1.6M/m² | – | 3 | 82 | 82,564-9% vs 2019 |
| Tennocho (天王町) | ¥22.0M | ¥708k/m² | – | 7 | 37 | 22,437-18% vs 2019 |
| Hinodecho (日ノ出町) | ¥27.0M | ¥500k/m² | ¥45.0M | 8 | 30 | 25,849-9% vs 2019 |
| Koganecho (黄金町) | – | – | ¥35.0M | 11 | 20 | 21,562-6% vs 2019 |
| Hodogaya (保土ケ谷) | – | – | ¥46.5M | 11 | 15 | 57,234-17% vs 2019 |
| Shin Takashima (新高島) | ¥130M | ¥1.9M/m² | – | 8 | 12 | 10,685+52% vs 2019 |
Used condo prices by layout in Nishi Ward, Yokohama City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥20.0M | 20 m² | 430 |
| 3LDK | ¥57.0M | 65 m² | 164 |
| 2LDK | ¥65.0M | 60 m² | 150 |
| 1LDK | ¥40.0M | 45 m² | 85 |
| 1DK | ¥25.0M | 30 m² | 39 |
| 1R | ¥10.0M | 20 m² | 29 |
| 4LDK | ¥66.5M | 85 m² | 14 |
| 2DK | ¥34.0M | 55 m² | 13 |
How much does an apartment cost in Nishi Ward, Yokohama City?
The median used condo (mansion) in Nishi Ward, Yokohama City sold for ¥27.0M in 2025, about ¥1.1M/m², based on 349 recorded sales.
How much does a house cost in Nishi Ward, Yokohama City?
The median house sale, including the land, was ¥59.0M in 2025 across 85 sales.
Are property prices in Nishi Ward, Yokohama City going up?
Over the five years to 2025, condo prices per m² changed +43.6% and residential land prices changed +37.1%.
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.