Mie Housing Market 2026: Nagoya's Commuter Belt Facing Nankai Trough Risk
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 3,677
In short
- 1Kuwana is the bright spot
Mie's condo prices per m² accelerated to almost 5% a year over the last five years, but the gains are concentrated in the north: Kuwana, a short train ride from Nagoya, is up about 29% in five years.
- 2People are leaving
Mie's population fell 4.3% between 2020 and 2025, and about 6,000 more people left than arrived in 2025.
- 3A house-and-family market
About 80% of condo sales are three-bedroom family homes, and a m² of house now costs only about a third of a m² of condo, down from 60% a decade ago, because houses in the south and in older suburbs sell close to land value.
- 4Earthquake and tsunami risk
Mie is one of the most exposed prefectures to the expected Nankai Trough earthquake: the average resident faces a 63% chance of 6-lower shaking and a 28% chance of 6-upper shaking within 30 years.
The answers, compared
What does a home cost?
¥20.0M
median used condo · ¥257k/m²
54% below the Japan median
23 of 47 prefectures, highest first
Are prices rising?
+21.4%
over 5 years
Slower than Japan (+33.4%)
21 of 47 prefectures, highest first
Can local earners afford it?
5.6× income
median price ÷ average taxable income
Easier than Japan (6.6×)
19 of 47 prefectures, highest first
Rent or buy?
33years of rent
median price ÷ a year of median rent
Shorter than Japan (38)
15 of 47 prefectures, highest first
Are people moving in?
-4.3%
population, 2020–25
Shrinking faster than Japan (-2.5%)
24 of 47 prefectures, highest first
How risky is it?
63%
chance of strong shaking (6-lower+) in 30 years
Higher than Japan (38%)
5 of 47 prefectures, highest first
Rent in Mie
The average private rental costs ¥52k a month (2023), +3.4% since 2018. Japan: ¥65k
| Floor area | Typical layout | Average rent / month | MieJapan |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥42k vs 2018 +4.0% · Japan: ¥53k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥50k vs 2018 +4.5% · Japan: ¥64k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥59k vs 2018 +1.9% · Japan: ¥75k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥64k vs 2018 +6.7% · Japan: ¥88k | |
| 100–149 m² mostly houses | mostly houses | ¥56k vs 2018 +2.9% · Japan: ¥84k | |
| 150 m² + mostly houses | mostly houses | ¥65k vs 2018 +16.4% · Japan: ¥91k |
- Rent per m²
- ¥1,259
- median, per month · Japan: ¥1,598
- The median used condo (¥20.0M, 75 m²) costs about 26 years of average rent for a similar-sized home (¥64k 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. 149,900 rented homes.
Kuwana is the bright spot
Mie's condo prices per m² accelerated to almost 5% a year over the last five years, but the gains are concentrated in the north: Kuwana, a short train ride from Nagoya, is up about 29% in five years. Yokkaichi and Tsu, the other large cities, are roughly flat. On the government's fixed benchmark sites, residential land has barely moved in five years.
People are leaving
Mie's population fell 4.3% between 2020 and 2025, and about 6,000 more people left than arrived in 2025. About 9.5% of homes are abandoned, well above the national 5.9%, especially in the south (Ise-Shima, Higashi-Kishu).
A house-and-family market
About 80% of condo sales are three-bedroom family homes, and a m² of house now costs only about a third of a m² of condo, down from 60% a decade ago, because houses in the south and in older suburbs sell close to land value.
Earthquake and tsunami risk
Mie is one of the most exposed prefectures to the expected Nankai Trough earthquake: the average resident faces a 63% chance of 6-lower shaking and a 28% chance of 6-upper shaking within 30 years. About 26% of benchmark sites are in tsunami inundation zones, from Ise Bay to the southern coast. For coastal property, check tsunami depth and evacuation routes, and prefer higher ground.
Living in Mie: people, homes and risks
- Population 2025
- 1,694,896
- -4.3% since 2020
- Japan: -2.5%
- Net moves in 2025
- -5,986
- -3.53 per 1,000 residents
- Vacant homes (2023)
- 16.3%
- 9.5% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥50k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 62.8%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Average income per taxpayer
- ¥3.6M
- taxable income in 2023
- Japan: ¥3.9M
- Foreign residents
- 3.8%
- 66,933 registered residents in 2024
- Japan: 3.0%
- Clinics
- 8.9
- per 10,000 residents; 93 hospitals, 818 dental clinics (2020)
- Japan: 8.5
- Official land price 2026
- ¥38k/m²
- +0.4% in a year · +0.3% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 44.7%
- of 396 benchmark sites in a worst-case flood zone (4.0% 3 m or deeper)
- Japan: 42.6%
- Tsunami exposure
- 26.0%
- of 396 benchmark sites in a tsunami inundation zone
- Japan: 7.8%
- Landslide exposure
- 2.3%
- of 396 benchmark sites in a landslide warning area
- Japan: 2.6%
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 Mie
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
¥14.0M
¥175k/m²
- Nishimatsumotocho, Yokkaichi City
- Ise Matsumoto · 8 min walk
- 4LDK · 80 m²
- Built 1991 (35 yrs) · SRC
¥21.0M
¥233k/m²
- Nakamachi, Matsusaka City
- Matsusaka · 3 min walk
- 4LDK · 90 m²
- Built 2006 (20 yrs) · RC
¥33.0M
¥440k/m²
- Funae, Ise City
- Iseshi · 15 min walk
- 2LDK · 75 m²
- Built 2010 (15 yrs) · RC
House
¥3.0M
¥33k/m²
- Kawagechokageshige, Tsu City
- Shiratsuka · 13 min walk
- Land 190 m² · floor 90 m²
- Built 1979 (47 yrs) · Wood
¥12.0M
¥67k/m²
- Kitateramachi, Kuwana City
- Kuwana · 12 min walk
- Land 110 m² · floor 180 m²
- Built 1993 (33 yrs) · Steel
¥28.0M
¥47k/m²
- Ishindenhirano, Tsu City
- Higashi Ishinden · 1 min walk
- Land 940 m² · floor 600 m²
- Built 1995 (31 yrs) · Steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥18.0M | ¥17.0M |
| 2008 | ¥14.0M | ¥17.0M |
| 2009 | ¥13.0M | ¥14.0M |
| 2010 | ¥13.0M | ¥17.0M |
| 2011 | ¥13.0M | ¥16.0M |
| 2012 | ¥15.0M | ¥15.0M |
| 2013 | ¥14.0M | ¥16.0M |
| 2014 | ¥13.0M | ¥15.0M |
| 2015 | ¥15.0M | ¥15.0M |
| 2016 | ¥15.0M | ¥14.0M |
| 2017 | ¥15.0M | ¥13.0M |
| 2018 | ¥15.0M | ¥13.0M |
| 2019 | ¥15.0M | ¥13.0M |
| 2020 | ¥17.0M | ¥15.0M |
| 2021 | ¥18.0M | ¥14.0M |
| 2022 | ¥17.0M | ¥13.0M |
| 2023 | ¥17.0M | ¥12.0M |
| 2024 | ¥20.0M | ¥10.0M |
| 2025 | ¥20.0M | ¥11.0M |
| 2026 (partial) | ¥18.0M | ¥12.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥243k/m² | ¥133k/m² | ¥33k/m² |
| 2008 | ¥186k/m² | ¥131k/m² | ¥33k/m² |
| 2009 | ¥182k/m² | ¥118k/m² | ¥32k/m² |
| 2010 | ¥186k/m² | ¥130k/m² | ¥31k/m² |
| 2011 | ¥186k/m² | ¥115k/m² | ¥31k/m² |
| 2012 | ¥200k/m² | ¥118k/m² | ¥30k/m² |
| 2013 | ¥194k/m² | ¥119k/m² | ¥26k/m² |
| 2014 | ¥179k/m² | ¥108k/m² | ¥24k/m² |
| 2015 | ¥206k/m² | ¥114k/m² | ¥24k/m² |
| 2016 | ¥200k/m² | ¥105k/m² | ¥21k/m² |
| 2017 | ¥200k/m² | ¥97k/m² | ¥21k/m² |
| 2018 | ¥214k/m² | ¥97k/m² | ¥22k/m² |
| 2019 | ¥200k/m² | ¥100k/m² | ¥18k/m² |
| 2020 | ¥212k/m² | ¥107k/m² | ¥17k/m² |
| 2021 | ¥234k/m² | ¥100k/m² | ¥19k/m² |
| 2022 | ¥227k/m² | ¥93k/m² | ¥18k/m² |
| 2023 | ¥236k/m² | ¥97k/m² | ¥21k/m² |
| 2024 | ¥263k/m² | ¥85k/m² | ¥21k/m² |
| 2025 | ¥257k/m² | ¥85k/m² | ¥19k/m² |
| 2026 (partial) | ¥229k/m² | ¥84k/m² | ¥15k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥280k/m² |
| 1 | – | ¥275k/m² |
| 2 | – | ¥287k/m² |
| 3 | – | ¥242k/m² |
| 4 | – | ¥235k/m² |
| 5 | – | ¥242k/m² |
| 6 | – | ¥208k/m² |
| 7 | – | ¥226k/m² |
| 8 | – | ¥208k/m² |
| 9 | – | ¥195k/m² |
| 10 | – | ¥190k/m² |
| 11 | – | ¥186k/m² |
| 12 | ¥307k/m² | ¥168k/m² |
| 13 | ¥303k/m² | ¥160k/m² |
| 14 | ¥313k/m² | ¥161k/m² |
| 15 | ¥316k/m² | ¥152k/m² |
| 16 | ¥320k/m² | ¥151k/m² |
| 17 | ¥306k/m² | ¥154k/m² |
| 18 | ¥260k/m² | ¥138k/m² |
| 19 | ¥287k/m² | ¥143k/m² |
| 20 | ¥267k/m² | ¥118k/m² |
| 21 | ¥248k/m² | ¥121k/m² |
| 22 | ¥243k/m² | ¥114k/m² |
| 23 | ¥256k/m² | ¥111k/m² |
| 24 | ¥260k/m² | ¥99k/m² |
| 25 | ¥227k/m² | ¥87k/m² |
| 26 | ¥200k/m² | ¥89k/m² |
| 27 | ¥125k/m² | ¥73k/m² |
| 28 | ¥186k/m² | ¥75k/m² |
| 29 | ¥152k/m² | ¥73k/m² |
| 30 | ¥121k/m² | ¥72k/m² |
| 31 | ¥160k/m² | ¥77k/m² |
| 32 | ¥169k/m² | ¥70k/m² |
| 33 | ¥163k/m² | ¥62k/m² |
| 34 | ¥200k/m² | ¥71k/m² |
| 35 | ¥175k/m² | ¥60k/m² |
| 36 | – | ¥63k/m² |
| 37 | ¥60k/m² | ¥67k/m² |
| 38 | – | ¥57k/m² |
| 39 | – | ¥52k/m² |
| 40 | – | ¥52k/m² |
| 41 | – | ¥52k/m² |
| 42 | – | ¥50k/m² |
| 43 | – | ¥47k/m² |
| 44 | – | ¥42k/m² |
| 45 | – | ¥44k/m² |
| 46 | – | ¥41k/m² |
| 47 | – | ¥46k/m² |
| 48 | – | ¥40k/m² |
| 49 | – | ¥47k/m² |
| 50 | – | ¥37k/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 |
|---|---|---|
| 2007 | ¥169k/m² | ¥275k/m² |
| 2008 | ¥142k/m² | ¥263k/m² |
| 2009 | ¥135k/m² | ¥253k/m² |
| 2010 | ¥153k/m² | ¥235k/m² |
| 2011 | ¥133k/m² | ¥240k/m² |
| 2012 | ¥148k/m² | ¥247k/m² |
| 2013 | ¥138k/m² | ¥263k/m² |
| 2014 | ¥142k/m² | ¥275k/m² |
| 2015 | ¥137k/m² | ¥280k/m² |
| 2016 | ¥133k/m² | ¥273k/m² |
| 2017 | ¥170k/m² | ¥290k/m² |
| 2018 | ¥146k/m² | ¥280k/m² |
| 2019 | ¥158k/m² | ¥267k/m² |
| 2020 | ¥171k/m² | ¥267k/m² |
| 2021 | ¥150k/m² | ¥292k/m² |
| 2022 | ¥185k/m² | ¥306k/m² |
| 2023 | ¥200k/m² | ¥293k/m² |
| 2024 | ¥168k/m² | ¥285k/m² |
| 2025 | ¥200k/m² | ¥275k/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 | ¥95k/m² | ¥111k/m² | ¥261k/m² | – |
| 2008 | ¥80k/m² | ¥111k/m² | ¥256k/m² | – |
| 2009 | ¥84k/m² | ¥96k/m² | ¥256k/m² | – |
| 2010 | ¥82k/m² | ¥104k/m² | ¥242k/m² | ¥278k/m² |
| 2011 | ¥72k/m² | ¥96k/m² | ¥173k/m² | ¥269k/m² |
| 2012 | ¥74k/m² | ¥93k/m² | ¥169k/m² | ¥260k/m² |
| 2013 | ¥67k/m² | ¥92k/m² | ¥154k/m² | ¥261k/m² |
| 2014 | ¥64k/m² | ¥85k/m² | ¥150k/m² | ¥252k/m² |
| 2015 | ¥54k/m² | ¥77k/m² | ¥146k/m² | ¥245k/m² |
| 2016 | ¥49k/m² | ¥78k/m² | ¥141k/m² | ¥264k/m² |
| 2017 | ¥50k/m² | ¥76k/m² | ¥140k/m² | ¥264k/m² |
| 2018 | ¥49k/m² | ¥73k/m² | ¥129k/m² | ¥260k/m² |
| 2019 | ¥50k/m² | ¥73k/m² | ¥143k/m² | ¥273k/m² |
| 2020 | ¥47k/m² | ¥70k/m² | ¥146k/m² | ¥261k/m² |
| 2021 | ¥45k/m² | ¥70k/m² | ¥145k/m² | ¥248k/m² |
| 2022 | ¥43k/m² | ¥71k/m² | ¥141k/m² | ¥214k/m² |
| 2023 | ¥44k/m² | ¥69k/m² | ¥141k/m² | ¥200k/m² |
| 2024 | ¥40k/m² | ¥67k/m² | ¥145k/m² | ¥200k/m² |
| 2025 | ¥40k/m² | ¥65k/m² | ¥131k/m² | ¥191k/m² |
| 2026 (partial) | ¥38k/m² | ¥68k/m² | ¥140k/m² | ¥240k/m² |
Prices by area in Mie
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Yokkaichi City | ¥262k/m² | ¥19.5M | ¥18.0M | ¥43k/m² | -2.5% |
| Kuwana City | ¥259k/m² | ¥18.0M | ¥17.0M | ¥53k/m² | +29.3% |
| Tsu City | ¥250k/m² | ¥20.0M | ¥13.0M | ¥21k/m² | +0.9% |
| Meiwa Town, Taki County | – | – | ¥27.0M | ¥10k/m² | – |
| Suzuka City | ¥156k/m² | ¥13.5M | ¥18.0M | ¥31k/m² | – |
| Komono Town, Mie County | – | – | ¥15.5M | ¥15k/m² | – |
| Toin Town, Inabe County | – | – | ¥14.0M | ¥40k/m² | – |
| Kameyama City | – | – | ¥14.0M | ¥16k/m² | – |
| Inabe City | – | – | ¥11.0M | ¥3k/m² | – |
| Matsusaka City | – | – | ¥9.2M | ¥18k/m² | – |
| Ise City | – | – | ¥6.5M | ¥30k/m² | – |
| Iga City | – | – | ¥6.7M | ¥2k/m² | – |
| Nabari City | – | – | ¥4.5M | ¥16k/m² | – |
| Owase City | – | – | ¥5.0M | – | – |
| Shima City | – | – | ¥5.3M | ¥4k/m² | – |
| Taki Town, Taki County | – | – | – | ¥1k/m² | – |
| Watarai Town, Watarai County | – | – | – | ¥1k/m² | – |
Prices near train stations in Mie
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 |
|---|---|---|---|---|---|
| Matsusaka (松阪) | ¥16.0M | ¥221k/m² | ¥9.5M | 19 | 308 |
| Kuwana (桑名) | ¥22.0M | ¥305k/m² | ¥27.5M | 13 | 203 |
| Shiroko (白子) | ¥13.5M | ¥200k/m² | ¥28.0M | 14 | 192 |
| Tsu Shimmachi (津新町) | ¥26.5M | ¥285k/m² | ¥10.0M | 15 | 147 |
| Nabari (名張) | – | – | ¥4.6M | 13 | 139 |
| Tsu (津) | ¥21.0M | ¥260k/m² | ¥21.0M | 16 | 129 |
| Ugata (鵜方) | – | – | ¥4.0M | 15 | 121 |
| Hisai (久居) | – | – | ¥15.0M | 16 | 109 |
| Iseshi (伊勢市) | ¥39.0M | ¥557k/m² | ¥9.0M | 10 | 105 |
| Kikyogaoka (桔梗が丘) | – | – | ¥6.5M | 16 | 100 |
| Takachaya (高茶屋) | – | – | ¥14.0M | 20 | 95 |
| Kintetsu Yokkaichi (近鉄四日市) | ¥24.0M | ¥306k/m² | ¥57.0M | 9 | 95 |
| Kameyama(Mie) (亀山(三重)) | – | – | ¥14.5M | 19 | 88 |
| Akogi (阿漕) | – | – | ¥10.5M | 18 | 87 |
| Hiratacho (平田町) | – | – | ¥17.0M | 12 | 86 |
Used condo prices by layout in Mie
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥20.0M | 70 m² | 207 |
| 4LDK | ¥20.0M | 85 m² | 88 |
| 2LDK | ¥15.0M | 67.5 m² | 54 |
How much does an apartment cost in Mie?
The median used condo (mansion) in Mie sold for ¥20.0M in 2025, about ¥257k/m², based on 153 recorded sales.
How much does a house cost in Mie?
The median house sale, including the land, was ¥11.0M in 2025 across 1673 sales.
Are property prices in Mie going up?
Over the five years to 2025, condo prices per m² changed +21.4% and residential land prices changed +11.8%.
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.