Minato Mirai, Yokohama, Kanagawa
Photo: Minato Mirai, Yokohama, Kanagawa · Roberto Jr Saldana / Unsplash

Totsuka Ward, Yokohama City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 618

In short

  1. 1
    Steady, predictable growth

    Condo prices per m² have climbed about 3.6% a year, roughly in line with the previous five years.

  2. 2
    Lagging Kanagawa

    Per m², condos here are 24% below the Kanagawa average.

  3. 3
    Being near a station is worth a lot

    Condos within a 5-minute walk of a station sell for about 33% more per m² than those 11–15 minutes away.

  4. 4
    A family market

    74% of recent condo sales have three or more bedrooms.

The answers, compared

What does a home cost?

¥30.0M

median used condo · ¥436k/m²

24% below the Kanagawa median

21 of 41 areas in Kanagawa, highest first

Are prices rising?

+18.2%

over 5 years

Slower than Kanagawa (+28.6%)

33 of 49 areas in Kanagawa, highest first

Can local earners afford it?

6.5× income

median price ÷ average taxable income

In line with Kanagawa (6.6×)

20 of 51 areas in Kanagawa, highest first

Rent or buy?

36years of rent

median price ÷ a year of median rent

Longer than Kanagawa (35)

14 of 50 areas in Kanagawa, highest first

Are people moving in?

-1.0%

population, 2020–25

Shrinking faster than Kanagawa (-0.5%)

25 of 51 areas in Kanagawa, highest first

How risky is it?

74%

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

Higher than Kanagawa (56%)

3 of 51 areas in Kanagawa, highest first

Rent in Totsuka Ward, Yokohama City

The average private rental costs ¥78k a month (2023), +5.7% since 2018. Kanagawa: ¥76k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥56k
vs 2018 -0.7% · Kanagawa: ¥59k
30–49 m²
1LDK / 2DK
¥72k
vs 2018 +8.9% · Kanagawa: ¥76k
50–69 m²
2LDK / 3DK
¥94k
vs 2018 +10.8% · Kanagawa: ¥93k
70–99 m²
3LDK / family
¥122k
vs 2018 +17.2% · Kanagawa: ¥109k
100–149 m²
mostly houses
¥100k
vs 2018 -1.5% · Kanagawa: ¥109k
Rent per m²
¥1,931
median, per month · Kanagawa: ¥2,085
The median used condo (¥30.0M, 70 m²) costs about 20 years of average rent for a similar-sized home (¥122k 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. 26,180 rented homes.

What the data says

Steady, predictable growth

Condo prices per m² have climbed about 3.6% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.

Lagging Kanagawa

Per m², condos here are 24% below the Kanagawa average. Ten years ago the gap was 15%, so Totsuka Ward, Yokohama City has been falling behind the rest of Kanagawa.

Being near a station is worth a lot

Condos within a 5-minute walk of a station sell for about 33% 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

74% 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 14% 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 ¥14.0M and ¥46.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 1% between 2020 and 2025 (−0.5% for the wider area). More people moved in than out in 2025, a net gain of about 3.2 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 1.4% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Few abandoned homes

8.3% of homes were empty in 2023 (9.8% for the wider area), and 2.6% were empty without being for rent, for sale or used as second homes. Most empty homes here are rentals between tenants, not abandoned houses, a sign of a healthy market.

Buying vs renting

A median used condo costs about 36.5 years of the area's median rent (¥69k a month), compared with 34.7 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.

High earthquake risk

The government's seismic model gives a 74% chance of shaking of intensity 6-lower or stronger in the next 30 years (56% for the wider area). Check the building's earthquake standard (post-1981, ideally post-2000 for wooden houses) and consider earthquake insurance.

A typical condo costs 6.5 years of local income

Taxpayers in the city as a whole reported an average taxable income of ¥4.6m in 2023 (¥4.4m for the wider area). That is +16% since 2014. The median resale condo sold for about 6.5 times that, against 6.6 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 edging up

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +3% in the year to January 2026 and +9% over five years. They are still 38% 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, 21% are inside the worst-case flood zone (8% 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 Totsuka Ward, Yokohama City: people, homes and risks

Population 2025
280,969
-1.0% since 2020
Kanagawa: -0.5%
Net moves in 2025
+910
+3.24 per 1,000 residents
Kanagawa: +3.05
Vacant homes (2023)
8.3%
2.6% empty and not for rent or sale
Kanagawa: 9.8%
Median rent (2023)
¥69k
per month, all rented homes
Kanagawa: ¥70k
Strong earthquake risk
74.1%
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
86
people here by day per 100 residents (2020 census)
Foreign residents
1.9%
5,257 registered residents in 2024
Kanagawa: 3.1%
Clinics
6.8
per 10,000 residents; 13 hospitals, 124 dental clinics (2020)
Kanagawa: 7.6
Official land price 2026
¥187k/m²
+2.6% in a year · +9.2% in 5 years
Kanagawa: ¥198k/m²
Flood exposure
20.8%
of 53 benchmark sites in a worst-case flood zone (7.5% 3 m or deeper)
Kanagawa: 25.9%
Landslide exposure
1.9%
of 53 benchmark sites in a landslide warning area
Kanagawa: 2.4%

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 Totsuka 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

Lower-priced2026 Q1

¥13.0M

¥260k/m²

  • Totsukacho
  • Totsuka
  • 2LDK · 50 m²
  • Built 1987 (39 yrs) · RC
Typical2026 Q1

¥33.0M

¥471k/m²

  • Totsukacho
  • Totsuka · 15 min walk
  • 3LDK · 70 m²
  • Built 1987 (39 yrs) · RC
Higher-priced2026 Q1

¥53.0M

¥663k/m²

  • Maedacho
  • Higashi Totsuka · 10 min walk
  • 3LDK · 80 m²
  • Built 2008 (18 yrs) · RC

House

Lower-priced2025 Q4

¥28.0M

¥400k/m²

  • Gumizawa
  • Odoriba · 19 min walk
  • Land 185 m² · floor 70 m²
  • Built 1964 (61 yrs) · Wood
Typical2026 Q1

¥41.0M

¥410k/m²

  • Kamiyabecho
  • Higashi Totsuka · 26 min walk
  • Land 100 m² · floor 100 m²
  • Built 2025 (1 yrs) · Wood
Higher-priced2025 Q4

¥53.0M

¥530k/m²

  • Akibacho
  • Higashi Totsuka · 24 min walk
  • Land 135 m² · floor 100 m²
  • Built 2025 (0 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥21.0M¥38.0M
2006¥18.0M¥37.0M
2007¥21.0M¥40.0M
2008¥21.0M¥39.0M
2009¥18.0M¥36.0M
2010¥31.0M¥36.0M
2011¥21.0M¥37.0M
2012¥23.0M¥32.5M
2013¥21.0M¥34.0M
2014¥20.0M¥35.0M
2015¥24.0M¥34.0M
2016¥19.0M¥35.0M
2017¥21.0M¥37.0M
2018¥22.0M¥35.0M
2019¥25.0M¥35.0M
2020¥26.0M¥35.0M
2021¥27.0M¥35.0M
2022¥25.0M¥36.0M
2023¥29.0M¥40.0M
2024¥29.0M¥41.0M
2025¥30.0M¥41.0M
2026 (partial)¥34.0M¥40.0M
Median price per m² by yearHouses and condos cost about the same per m² — A m² of house floor costs roughly the same as a m² of condo, even though the house includes its land. That usually means land here is expensive, so a house is not a cheap way to get more space.
¥0¥200k¥400k¥600k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥286k/m²¥361k/m²¥160k/m²
2006¥277k/m²¥370k/m²¥160k/m²
2007¥300k/m²¥400k/m²¥170k/m²
2008¥325k/m²¥389k/m²¥170k/m²
2009¥283k/m²¥360k/m²¥170k/m²
2010¥440k/m²¥358k/m²¥170k/m²
2011¥314k/m²¥365k/m²¥160k/m²
2012¥325k/m²¥344k/m²¥150k/m²
2013¥323k/m²¥346k/m²¥160k/m²
2014¥286k/m²¥333k/m²¥130k/m²
2015¥342k/m²¥347k/m²¥130k/m²
2016¥294k/m²¥348k/m²¥130k/m²
2017¥333k/m²¥370k/m²¥160k/m²
2018¥333k/m²¥352k/m²¥140k/m²
2019¥343k/m²¥342k/m²¥150k/m²
2020¥369k/m²¥347k/m²¥170k/m²
2021¥386k/m²¥344k/m²¥160k/m²
2022¥371k/m²¥380k/m²¥170k/m²
2023¥413k/m²¥422k/m²¥160k/m²
2024¥413k/m²¥389k/m²¥190k/m²
2025¥436k/m²¥410k/m²¥160k/m²
2026 (partial)¥471k/m²¥410k/m²¥190k/m²
Price per m² by building age (2021–2025 sales)How condos age here — In recent sales, condos lose about a quarter of their per-m² value by around 10 years old and half by around 29. Prices keep falling by roughly 2.2% a year even after 25 years, so older condos here are cheap for a reason. Check the repair fund and rebuild plans.Houses bottom out at around 31 years — House prices per m² drop about 49% from new by age 31, 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¥500k¥1.0M05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥460k/m²
1–¥440k/m²
3¥886k/m²–
4¥577k/m²–
5¥792k/m²–
6¥600k/m²¥436k/m²
7¥580k/m²–
8¥637k/m²–
9–¥376k/m²
10¥586k/m²–
11¥517k/m²–
12–¥378k/m²
13¥472k/m²–
14¥429k/m²¥340k/m²
15¥520k/m²–
16¥588k/m²–
17¥625k/m²–
18¥586k/m²–
19¥539k/m²–
20¥550k/m²–
21¥569k/m²–
22¥457k/m²¥343k/m²
23¥480k/m²¥308k/m²
24¥508k/m²¥200k/m²
25¥538k/m²¥292k/m²
26¥400k/m²¥278k/m²
27¥400k/m²¥303k/m²
28¥382k/m²–
29¥433k/m²¥200k/m²
30¥373k/m²¥280k/m²
31¥300k/m²¥188k/m²
32¥333k/m²¥250k/m²
33¥300k/m²¥233k/m²
34¥325k/m²¥274k/m²
35¥371k/m²¥222k/m²
36¥329k/m²¥237k/m²
37¥308k/m²¥217k/m²
38¥357k/m²¥238k/m²
39¥344k/m²¥213k/m²
40¥340k/m²–
41¥360k/m²¥219k/m²
42¥338k/m²¥267k/m²
43–¥165k/m²
44–¥150k/m²
45–¥284k/m²
46–¥263k/m²
47–¥232k/m²
48¥163k/m²–
49¥224k/m²¥304k/m²
50¥140k/m²¥223k/m²
Condo price per m² by construction periodNewer buildings are pulling ahead — Buildings from the 2000s gained about 2.8% a year over the decade, versus 1.5% for pre-1981 stock. The market here clearly rewards newer construction. Pre-1981 buildings, built before the current earthquake standard, trade about 51% below 1980s–90s buildings.
¥0¥200k¥400k¥600k¥800k20052008201120142017202020232026

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
2005–¥313k/m²––
2006¥143k/m²¥290k/m²¥388k/m²–
2007¥163k/m²¥300k/m²¥467k/m²–
2008¥146k/m²¥318k/m²¥486k/m²–
2009¥142k/m²¥283k/m²¥452k/m²–
2010¥186k/m²¥315k/m²¥548k/m²–
2011–¥286k/m²¥483k/m²–
2012¥157k/m²¥308k/m²¥453k/m²–
2013¥148k/m²¥304k/m²¥446k/m²–
2014¥185k/m²¥277k/m²¥455k/m²–
2015¥200k/m²¥322k/m²¥461k/m²–
2016¥115k/m²¥271k/m²¥449k/m²–
2017¥150k/m²¥304k/m²¥533k/m²–
2018¥157k/m²¥308k/m²¥497k/m²¥544k/m²
2019¥171k/m²¥343k/m²¥471k/m²¥523k/m²
2020¥145k/m²¥313k/m²¥500k/m²¥508k/m²
2021¥149k/m²¥336k/m²¥520k/m²¥580k/m²
2022¥231k/m²¥366k/m²¥535k/m²¥646k/m²
2023¥148k/m²¥348k/m²¥607k/m²¥585k/m²
2024¥146k/m²¥357k/m²¥585k/m²¥599k/m²
2025¥185k/m²¥380k/m²¥619k/m²¥671k/m²
2026 (partial)–¥413k/m²––
House price per m² by construction period
¥0¥200k¥400k¥600k20052007200920112013201520172019202120232025

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
2005–¥322k/m²¥410k/m²–
2006¥304k/m²¥294k/m²¥411k/m²–
2007¥317k/m²¥307k/m²¥456k/m²–
2008¥281k/m²¥314k/m²¥422k/m²–
2009¥282k/m²¥301k/m²¥390k/m²–
2010¥220k/m²¥292k/m²¥400k/m²–
2011¥267k/m²¥285k/m²¥365k/m²¥390k/m²
2012¥255k/m²¥253k/m²¥333k/m²¥379k/m²
2013¥240k/m²¥250k/m²–¥379k/m²
2014¥239k/m²¥266k/m²¥334k/m²¥400k/m²
2015¥306k/m²¥232k/m²¥293k/m²¥390k/m²
2016¥183k/m²¥247k/m²–¥400k/m²
2017¥265k/m²¥225k/m²¥331k/m²¥390k/m²
2018¥233k/m²¥229k/m²¥348k/m²¥395k/m²
2019¥193k/m²¥200k/m²–¥421k/m²
2020¥200k/m²¥240k/m²¥300k/m²¥379k/m²
2021¥219k/m²¥232k/m²¥294k/m²¥389k/m²
2022¥292k/m²¥242k/m²¥341k/m²–
2023¥267k/m²¥288k/m²––
2024¥230k/m²¥231k/m²¥311k/m²–
2025¥256k/m²¥235k/m²¥389k/m²–

Prices near train stations in Totsuka Ward, Yokohama 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)
Totsuka (戸塚)¥27.0M¥371k/m²¥41.0M18710276,630-12% vs 2019
Higashi Totsuka (東戸塚)¥34.0M¥493k/m²¥44.0M16438102,066-14% vs 2019
Odoriba (踊場)¥27.0M¥432k/m²¥40.0M1213217,097-11% vs 2019
Maioka (舞岡)¥37.0M¥493k/m²¥35.0M15345,130-9% vs 2019
Ofuna (大船)––¥35.0M2017206,995-9% vs 2019
Shimoiida (下飯田)¥10.0M¥151k/m²–25166,311-4% vs 2019
Fujisawa (藤沢)––¥31.5M–15379,274-7% vs 2019
Ryokuen Toshi (緑園都市)––¥42.5M131020,978-17% vs 2019

Used condo prices by layout in Totsuka Ward, Yokohama City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥33.0M70 m²389
2LDK¥18.0M55 m²114
4LDK¥33.0M85 m²63
1K¥6.3M15 m²17
2DK¥12.0M45 m²13
3DK¥8.9M50 m²13
1LDK¥13.0M50 m²12

How much does an apartment cost in Totsuka Ward, Yokohama City?

The median used condo (mansion) in Totsuka Ward, Yokohama City sold for ¥30.0M in 2025, about ¥436k/m², based on 230 recorded sales.

How much does a house cost in Totsuka Ward, Yokohama City?

The median house sale, including the land, was ¥41.0M in 2025 across 252 sales.

Are property prices in Totsuka Ward, Yokohama City going up?

Over the five years to 2025, condo prices per m² changed +18.2% and residential land prices changed -5.9%.

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.