Matsumoto Castle, Matsumoto, Nagano
Photo: Matsumoto Castle, Matsumoto, Nagano · Nakaharu Line / Unsplash

Fujimi Town, Suwa County Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 79

In short

  1. 1
    A long, slow decline

    House prices per m² have been falling for a decade, by about 7.1% a year recently.

  2. 2
    Lagging Nagano

    Per m², houses here are 52% below the Nagano average.

  3. 3
    Sales are thinning out

    Transactions are down about 11% on the previous three years.

  4. 4
    What a typical purchase costs

    Half of all house sales last year were between ¥3.3M and ¥19.0M.

The answers, compared

What does a home cost?

¥11.0M

median house · ¥48k/m²

61% below the Nagano median

21 of 22 areas in Nagano, highest first

Are prices rising?

-27.1%

over 5 years

Slower than Nagano (+19.2%)

22 of 28 areas in Nagano, highest first

Can local earners afford it?

3.4× income

median price ÷ average taxable income

Easier than Nagano (7.0×)

16 of 24 areas in Nagano, highest first

Are people moving in?

-5.1%

population, 2020–25

Shrinking faster than Nagano (-4.5%)

21 of 30 areas in Nagano, highest first

How risky is it?

48%

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

Higher than Nagano (20%)

3 of 30 areas in Nagano, highest first

What the data says

A long, slow decline

House prices per m² have been falling for a decade, by about 7.1% a year recently. Prices are low, but resale values are likely to keep easing, so buy here to live, not as an investment.

Lagging Nagano

Per m², houses here are 52% below the Nagano average. Ten years ago the gap was 23%, so Fujimi Town, Suwa County has been falling behind the rest of Nagano.

Sales are thinning out

Transactions are down about 11% 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 house sales last year were between ¥3.3M and ¥19.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 5.1% between 2020 and 2025 (−4.5% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 0.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Moderate earthquake risk

The government's seismic model gives a 48% chance of shaking of intensity 6-lower or stronger in the next 30 years (20% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

Local incomes are close to average

Taxpayers here reported an average taxable income of ¥3.2m in 2023 (¥3.4m for the wider area). That is +20% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.

Living in Fujimi Town, Suwa County: people, homes and risks

Population 2025
13,370
-5.1% since 2020
Nagano: -4.5%
Net moves in 2025
+8
+0.6 per 1,000 residents
Nagano: -0.72
Strong earthquake risk
48.4%
chance of shaking of intensity 6-lower or more within 30 years
Nagano: 19.8%
Average income per taxpayer
¥3.2M
taxable income in 2023
Nagano: ¥3.4M
Daytime population
108
people here by day per 100 residents (2020 census)
Foreign residents
2.6%
361 registered residents in 2024
Nagano: 2.3%
Clinics
6.0
per 10,000 residents; 1 hospitals, 4 dental clinics (2020)
Nagano: 8.3
Official land price 2026
¥20k/m²
-0.5% in a year · – in 5 years
Nagano: ¥30k/m²
Flood exposure
0.0%
of 3 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Nagano: 55.7%
Landslide exposure
0.0%
of 3 benchmark sites in a landslide warning area
Nagano: 7.5%

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 Fujimi Town, Suwa 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

Lower-priced2025 Q4

¥3.5M

¥28k/m²

  • Ochiai
  • Fujimi · 9 min walk
  • Land 310 m² · floor 125 m²
  • Built 1968 (57 yrs) · Wood
Typical2025 Q3

¥11.0M

¥34k/m²

  • Ochiai
  • Fujimi · 3 min walk
  • Land 470 m² · floor 320 m²
  • Built 1970 (55 yrs) · 鉄骨造、木造
Higher-priced2025 Q3

¥18.0M

¥150k/m²

  • Sakai
  • Shinano Sakai
  • Land 750 m² · floor 120 m²
  • Built 1979 (46 yrs) · Wood
Median transaction price by year
¥0¥5.0M¥10.0M¥15.0M2007200920112013201520172019202120232025
Show data table
YearHouse
2007–
2008–
2009–
2010¥13.0M
2011–
2012¥6.5M
2013¥7.8M
2014–
2015¥8.2M
2016¥7.7M
2017–
2018–
2019¥9.3M
2020¥13.5M
2021¥8.5M
2022¥6.7M
2023–
2024¥6.8M
2025¥11.0M
Median price per m² by year
¥0¥50k¥100k¥150k2007200920112013201520172019202120232025
Show data table
YearHouseLand
2007–¥11k/m²
2008–¥11k/m²
2009–¥9k/m²
2010¥120k/m²¥9k/m²
2011–¥7k/m²
2012¥66k/m²¥5k/m²
2013¥77k/m²¥5k/m²
2014–¥6k/m²
2015¥97k/m²¥8k/m²
2016¥71k/m²¥4k/m²
2017–¥5k/m²
2018–¥8k/m²
2019¥81k/m²¥4k/m²
2020¥87k/m²¥5k/m²
2021¥94k/m²¥3k/m²
2022¥69k/m²¥3k/m²
2023–¥2k/m²
2024¥69k/m²¥4k/m²
2025¥48k/m²¥4k/m²

Prices near train stations in Fujimi Town, Suwa County

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)SalesDaily passengers (2023)
Fujimi (富士見)––¥10.4M9421,676-8% vs 2019
Shinano Sakai (信濃境)––¥5.3M1224–

How much does a house cost in Fujimi Town, Suwa County?

The median house sale, including the land, was ¥11.0M in 2025 across 27 sales.

Are property prices in Fujimi Town, Suwa County going up?

Over the five years to 2025, residential land prices changed -27.1%.

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.