Watarai Town, Watarai County Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 28
In short
- 1A shrinking population
The population fell 8% between 2020 and 2025 (−4.3% for the wider area).
- 2High earthquake risk
The government's seismic model gives a 64% chance of shaking of intensity 6-lower or stronger in the next 30 years (63% for the wider area).
- 3Local incomes are below average
Taxpayers here reported an average taxable income of ¥3.0m in 2023 (¥3.6m for the wider area).
The answers, compared
Are people moving in?
-8.0%
population, 2020–25
Shrinking faster than Mie (-4.3%)
15 of 17 areas in Mie, highest first
How risky is it?
64%
chance of strong shaking (6-lower+) in 30 years
In line with Mie (63%)
11 of 17 areas in Mie, highest first
Key figures for 2025
- Residential land per m² (sales)
- ¥1k/m²
- Transactions in 2025
- 28
What the data says
A shrinking population
The population fell 8% between 2020 and 2025 (−4.3% for the wider area). More people moved out than in during 2025 (about 4.3 per 1,000 residents), which weakens long-term housing demand. Households still grew 0.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
High earthquake risk
The government's seismic model gives a 64% chance of shaking of intensity 6-lower or stronger in the next 30 years (63% for the wider area). Check the building's earthquake standard (post-1981, ideally post-2000 for wooden houses) and consider earthquake insurance.
Local incomes are below average
Taxpayers here reported an average taxable income of ¥3.0m in 2023 (¥3.6m for the wider area). That is +12% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.
Living in Watarai Town, Watarai County: people, homes and risks
- Population 2025
- 7,221
- -8.0% since 2020
- Mie: -4.3%
- Net moves in 2025
- -31
- -4.29 per 1,000 residents
- Mie: -3.53
- Strong earthquake risk
- 63.5%
- chance of shaking of intensity 6-lower or more within 30 years
- Mie: 62.8%
- Average income per taxpayer
- ¥3.0M
- taxable income in 2023
- Mie: ¥3.6M
- Daytime population
- 78
- people here by day per 100 residents (2020 census)
- Foreign residents
- 1.0%
- 76 registered residents in 2024
- Mie: 3.8%
- Clinics
- 6.9
- per 10,000 residents; 0 hospitals, 3 dental clinics (2020)
- Mie: 8.9
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.
Show data table
| Year | Land |
|---|---|
| 2014 | ¥6k/m² |
| 2025 | ¥1k/m² |
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.