Ogawara Town, Shibata County Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 51
In short
- 1The trend has turned down
After rising earlier, house prices per m² have slipped by about 11.1% a year over the last five years.
- 2Lagging Miyagi
Per m², houses here are 53% below the Miyagi average.
- 3What a typical purchase costs
Half of all house sales last year were between ¥5.0M and ¥23.5M.
- 4A shrinking population
The population fell 2.7% between 2020 and 2025 (−3.2% for the wider area).
The answers, compared
What does a home cost?
¥14.5M
median house · ¥108k/m²
48% below the Miyagi median
8 of 19 areas in Miyagi, highest first
Can local earners afford it?
4.6× income
median price ÷ average taxable income
Easier than Miyagi (5.7×)
14 of 24 areas in Miyagi, highest first
Rent or buy?
24years of rent
median price ÷ a year of median rent
Shorter than Miyagi (32)
15 of 24 areas in Miyagi, highest first
Are people moving in?
-2.7%
population, 2020–25
Shrinking slower than Miyagi (-3.2%)
10 of 24 areas in Miyagi, highest first
How risky is it?
31%
chance of strong shaking (6-lower+) in 30 years
Higher than Miyagi (26%)
14 of 24 areas in Miyagi, highest first
What the data says
The trend has turned down
After rising earlier, house prices per m² have slipped by about 11.1% a year over the last five years. That often reflects weaker local demand, so check vacancy and population trends before buying.
Lagging Miyagi
Per m², houses here are 53% below the Miyagi average. Ten years ago the gap was 29%, so Ogawara Town, Shibata County has been falling behind the rest of Miyagi.
What a typical purchase costs
Half of all house sales last year were between ¥5.0M and ¥23.5M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 2.7% between 2020 and 2025 (−3.2% for the wider area). More people moved in than out in 2025, a net gain of about 2.4 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 3.7% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Typical vacancy
13.3% of homes were empty in 2023 (12.4% for the wider area), and 5.1% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.
Moderate earthquake risk
The government's seismic model gives a 31% chance of shaking of intensity 6-lower or stronger in the next 30 years (26% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.
Local incomes are below average
Taxpayers here reported an average taxable income of ¥3.1m in 2023 (¥3.5m for the wider area). That is +15% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.
Living in Ogawara Town, Shibata County: people, homes and risks
- Population 2025
- 22,927
- -2.7% since 2020
- Miyagi: -3.2%
- Net moves in 2025
- +55
- +2.4 per 1,000 residents
- Miyagi: -0.92
- Vacant homes (2023)
- 13.3%
- 5.1% empty and not for rent or sale
- Miyagi: 12.4%
- Median rent (2023)
- ¥50k
- per month, all rented homes
- Miyagi: ¥52k
- Strong earthquake risk
- 31.4%
- chance of shaking of intensity 6-lower or more within 30 years
- Miyagi: 26.3%
- Average income per taxpayer
- ¥3.1M
- taxable income in 2023
- Miyagi: ¥3.5M
- Daytime population
- 94
- people here by day per 100 residents (2020 census)
- Foreign residents
- 0.8%
- 185 registered residents in 2024
- Miyagi: 1.3%
- Clinics
- 7.9
- per 10,000 residents; 1 hospitals, 15 dental clinics (2020)
- Miyagi: 7.7
- Official land price 2026
- ¥40k/m²
- +0.9% in a year · – in 5 years
- Miyagi: ¥78k/m²
- Flood exposure
- 100.0%
- of 3 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Miyagi: 36.2%
- Landslide exposure
- 0.0%
- of 3 benchmark sites in a landslide warning area
- Miyagi: 1.5%
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 Ogawara Town, Shibata County
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.
House
¥2.0M
¥19k/m²
- Kanagase
- Kita Shirakawa · 26 min walk
- Land 300 m² · floor 105 m²
- Built 1982 (44 yrs) · Wood
¥15.0M
¥91k/m²
- Aza Shimminami
- Ogawara(Miyagi) · 16 min walk
- Land 240 m² · floor 165 m²
- Built 1996 (29 yrs) · Wood
¥25.0M
¥385k/m²
- Aza Hiromote
- Ogawara(Miyagi) · 29 min walk
- Land 240 m² · floor 65 m²
- Built 2025 (1 yrs) · Wood
Show data table
| Year | House |
|---|---|
| 2007 | ¥12.0M |
| 2008 | – |
| 2009 | – |
| 2010 | – |
| 2012 | ¥14.0M |
| 2013 | ¥19.0M |
| 2014 | ¥12.0M |
| 2015 | ¥19.0M |
| 2016 | ¥18.5M |
| 2017 | ¥18.0M |
| 2018 | – |
| 2019 | ¥20.0M |
| 2020 | ¥19.0M |
| 2021 | ¥16.0M |
| 2022 | – |
| 2023 | ¥12.0M |
| 2024 | ¥12.0M |
| 2025 | ¥14.5M |
Show data table
| Year | House | Land |
|---|---|---|
| 2007 | ¥63k/m² | ¥25k/m² |
| 2008 | – | ¥20k/m² |
| 2009 | – | ¥26k/m² |
| 2010 | – | ¥21k/m² |
| 2012 | ¥118k/m² | ¥19k/m² |
| 2013 | ¥180k/m² | ¥23k/m² |
| 2014 | ¥118k/m² | ¥17k/m² |
| 2015 | ¥171k/m² | ¥26k/m² |
| 2016 | ¥170k/m² | ¥25k/m² |
| 2017 | ¥162k/m² | ¥29k/m² |
| 2018 | – | ¥28k/m² |
| 2019 | ¥177k/m² | ¥27k/m² |
| 2020 | ¥180k/m² | ¥31k/m² |
| 2021 | ¥164k/m² | ¥29k/m² |
| 2022 | – | ¥28k/m² |
| 2023 | ¥78k/m² | ¥29k/m² |
| 2024 | ¥90k/m² | ¥22k/m² |
| 2025 | ¥108k/m² | – |
Show data table
| Building age (years) | House |
|---|---|
| 0 | ¥200k/m² |
| 50 | ¥25k/m² |
Prices near train stations in Ogawara Town, Shibata County
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) |
|---|---|---|---|---|---|---|
| Ogawara(Miyagi) (大河原(宮城)) | – | – | ¥14.0M | 15 | 86 | 6,110-9% vs 2019 |
How much does a house cost in Ogawara Town, Shibata County?
The median house sale, including the land, was ¥14.5M in 2025 across 32 sales.
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.