Nagano City Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 705
In short
- 1Steady, predictable growth
Condo prices per m² have climbed about 3.1% a year, roughly in line with the previous five years.
- 2Lagging Nagano
Per m², condos here are priced close to the Nagano average.
- 3Station distance barely matters
Condos 11–15 minutes from a station sell for similar or higher prices than those near one, which usually means buyers here drive or value quiet residential streets.
- 4A family market
59% of recent condo sales have three or more bedrooms.
The answers, compared
What does a home cost?
¥22.0M
median used condo · ¥314k/m²
8% below the Nagano median
Are prices rising?
+6.9%
over 5 years
Slower than Nagano (+19.2%)
14 of 28 areas in Nagano, highest first
Can local earners afford it?
6.2× income
median price ÷ average taxable income
Easier than Nagano (7.0×)
7 of 24 areas in Nagano, highest first
Rent or buy?
36years of rent
median price ÷ a year of median rent
Shorter than Nagano (41)
5 of 22 areas in Nagano, highest first
Are people moving in?
-4.2%
population, 2020–25
Shrinking slower than Nagano (-4.5%)
17 of 30 areas in Nagano, highest first
How risky is it?
6%
chance of strong shaking (6-lower+) in 30 years
Lower than Nagano (20%)
25 of 30 areas in Nagano, highest first
Rent in Nagano City
The average private rental costs ¥55k a month (2023), +3.9% since 2018. Nagano: ¥52k
| Floor area | Typical layout | Average rent / month | Nagano CityNagano |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥43k vs 2018 +4.8% · Nagano: ¥42k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥53k vs 2018 +5.3% · Nagano: ¥51k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥62k vs 2018 +3.2% · Nagano: ¥59k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥71k vs 2018 +4.4% · Nagano: ¥65k | |
| 100–149 m² mostly houses | mostly houses | ¥62k vs 2018 -11.1% · Nagano: ¥56k | |
| 150 m² + mostly houses | mostly houses | ¥63k vs 2018 +4.0% · Nagano: ¥57k |
- Rent per m²
- ¥1,328
- median, per month · Nagano: ¥1,269
- The median used condo (¥22.0M, 70 m²) costs about 26 years of average rent for a similar-sized home (¥71k 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. 43,540 rented homes.
What the data says
Steady, predictable growth
Condo prices per m² have climbed about 3.1% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.
Lagging Nagano
Per m², condos here are priced close to the Nagano average. Ten years ago the gap was 5%, so Nagano City has been falling behind the rest of Nagano.
Station distance barely matters
Condos 11–15 minutes from a station sell for similar or higher prices than those near one, which usually means buyers here drive or value quiet residential streets.
A family market
59% 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.
What a typical purchase costs
Half of all condo sales last year were between ¥15.0M and ¥29.5M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 4.2% 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.
Many abandoned homes
15.4% of homes were empty in 2023 (20.1% for the wider area), and 8.1% were empty without being for rent, for sale or used as second homes. That is a high share of truly abandoned homes (akiya), a sign of weak demand. Cheap houses are easy to find, but resale can be slow.
Buying vs renting
A median used condo costs about 36.2 years of the area's median rent (¥51k a month), compared with 41.1 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.
Lower earthquake risk
The government's seismic model gives a 6% chance of shaking of intensity 6-lower or stronger in the next 30 years (20% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.
A typical condo costs 6.2 years of local income
Taxpayers here reported an average taxable income of ¥3.6m in 2023 (¥3.4m for the wider area). That is +17% since 2014. The median resale condo sold for about 6.2 times that, against 7.0 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 +1% in the year to January 2026 and +3% over five years. They are still 49% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.
Significant flood risk
Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 69% are inside the worst-case flood zone (27% 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 Nagano City: people, homes and risks
- Population 2025
- 357,112
- -4.2% since 2020
- Nagano: -4.5%
- Net moves in 2025
- -256
- -0.72 per 1,000 residents
- Nagano: -0.72
- Vacant homes (2023)
- 15.4%
- 8.1% empty and not for rent or sale
- Nagano: 20.1%
- Median rent (2023)
- ¥51k
- per month, all rented homes
- Nagano: ¥49k
- Strong earthquake risk
- 6.1%
- chance of shaking of intensity 6-lower or more within 30 years
- Nagano: 19.8%
- Average income per taxpayer
- ¥3.6M
- taxable income in 2023
- Nagano: ¥3.4M
- Daytime population
- 103
- people here by day per 100 residents (2020 census)
- Foreign residents
- 1.3%
- 4,643 registered residents in 2024
- Nagano: 2.3%
- Clinics
- 8.3
- per 10,000 residents; 25 hospitals, 206 dental clinics (2020)
- Nagano: 8.3
- Official land price 2026
- ¥55k/m²
- +0.9% in a year · +2.7% in 5 years
- Nagano: ¥30k/m²
- Flood exposure
- 68.6%
- of 70 benchmark sites in a worst-case flood zone (27.1% 3 m or deeper)
- Nagano: 55.7%
- Landslide exposure
- 2.9%
- of 70 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 Nagano 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
¥9.5M
¥119k/m²
- Nakagosho
- Nagano(JR/Shinano) · 16 min walk
- 3LDK · 80 m²
- Built 1978 (48 yrs) · RC
¥23.0M
¥271k/m²
- Yoshida
- Kita Nagano · 5 min walk
- 4LDK · 85 m²
- Built 1996 (30 yrs) · RC
¥30.0M
¥300k/m²
- Oaza Nagano
- Gondo · 6 min walk
- 4LDK · 100 m²
- Built 1990 (35 yrs) · SRC
House
¥9.5M
¥90k/m²
- Uwano
- Sansai
- Land 210 m² · floor 105 m²
- Built 2003 (22 yrs) · Light steel
¥26.0M
¥217k/m²
- Oaza Takada
- Nagano(JR/Shinano)
- Land 240 m² · floor 120 m²
- Built 2001 (25 yrs) · Wood
¥38.0M
¥317k/m²
- Oaza Kojima
- Fuzokuchugakumae · 4 min walk
- Land 200 m² · floor 120 m²
- Built 2026 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | – | ¥22.0M |
| 2008 | ¥13.0M | ¥20.0M |
| 2009 | ¥16.0M | ¥18.0M |
| 2010 | ¥20.0M | ¥21.0M |
| 2011 | ¥17.0M | ¥18.0M |
| 2012 | ¥18.0M | ¥20.0M |
| 2013 | ¥17.0M | ¥21.0M |
| 2014 | ¥16.0M | ¥20.0M |
| 2015 | ¥22.0M | ¥20.0M |
| 2016 | ¥16.0M | ¥22.0M |
| 2017 | ¥13.0M | ¥21.0M |
| 2018 | ¥17.5M | ¥22.0M |
| 2019 | ¥20.0M | ¥23.0M |
| 2020 | ¥21.0M | ¥24.0M |
| 2021 | ¥19.0M | ¥25.0M |
| 2022 | ¥22.0M | ¥25.0M |
| 2023 | ¥20.5M | ¥22.0M |
| 2024 | ¥25.0M | ¥25.0M |
| 2025 | ¥22.0M | ¥26.0M |
| 2026 (partial) | – | ¥23.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | – | ¥153k/m² | ¥45k/m² |
| 2008 | ¥200k/m² | ¥160k/m² | ¥60k/m² |
| 2009 | ¥229k/m² | ¥131k/m² | ¥54k/m² |
| 2010 | ¥250k/m² | ¥145k/m² | ¥53k/m² |
| 2011 | ¥256k/m² | ¥129k/m² | ¥49k/m² |
| 2012 | ¥257k/m² | ¥143k/m² | ¥52k/m² |
| 2013 | ¥243k/m² | ¥144k/m² | ¥48k/m² |
| 2014 | ¥229k/m² | ¥123k/m² | ¥47k/m² |
| 2015 | ¥300k/m² | ¥138k/m² | ¥47k/m² |
| 2016 | ¥224k/m² | ¥169k/m² | ¥50k/m² |
| 2017 | ¥198k/m² | ¥149k/m² | ¥50k/m² |
| 2018 | ¥252k/m² | ¥159k/m² | ¥48k/m² |
| 2019 | ¥280k/m² | ¥169k/m² | ¥51k/m² |
| 2020 | ¥294k/m² | ¥175k/m² | ¥47k/m² |
| 2021 | ¥260k/m² | ¥209k/m² | ¥45k/m² |
| 2022 | ¥325k/m² | ¥207k/m² | ¥46k/m² |
| 2023 | ¥296k/m² | ¥159k/m² | ¥51k/m² |
| 2024 | ¥353k/m² | ¥175k/m² | ¥51k/m² |
| 2025 | ¥314k/m² | ¥200k/m² | ¥60k/m² |
| 2026 (partial) | – | ¥170k/m² | ¥62k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥326k/m² |
| 1 | – | ¥305k/m² |
| 4 | – | ¥276k/m² |
| 5 | – | ¥291k/m² |
| 8 | – | ¥263k/m² |
| 9 | – | ¥242k/m² |
| 12 | – | ¥236k/m² |
| 14 | – | ¥209k/m² |
| 16 | ¥352k/m² | – |
| 17 | – | ¥173k/m² |
| 19 | – | ¥212k/m² |
| 21 | – | ¥139k/m² |
| 22 | ¥322k/m² | ¥108k/m² |
| 23 | – | ¥100k/m² |
| 24 | – | ¥134k/m² |
| 25 | ¥314k/m² | ¥100k/m² |
| 26 | – | ¥132k/m² |
| 27 | – | ¥132k/m² |
| 28 | – | ¥113k/m² |
| 29 | – | ¥152k/m² |
| 30 | – | ¥144k/m² |
| 31 | – | ¥136k/m² |
| 32 | – | ¥101k/m² |
| 33 | – | ¥105k/m² |
| 34 | – | ¥125k/m² |
| 35 | – | ¥127k/m² |
| 36 | – | ¥100k/m² |
| 37 | – | ¥100k/m² |
| 38 | – | ¥84k/m² |
| 39 | – | ¥100k/m² |
| 40 | – | ¥114k/m² |
| 41 | – | ¥62k/m² |
| 42 | – | ¥77k/m² |
| 43 | – | ¥97k/m² |
| 44 | – | ¥69k/m² |
| 45 | – | ¥87k/m² |
| 46 | – | ¥74k/m² |
| 47 | – | ¥48k/m² |
| 48 | – | ¥93k/m² |
| 49 | – | ¥100k/m² |
| 50 | – | ¥74k/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 |
|---|---|---|
| 2008 | ¥185k/m² | – |
| 2009 | ¥160k/m² | ¥286k/m² |
| 2010 | ¥173k/m² | ¥400k/m² |
| 2011 | ¥153k/m² | ¥360k/m² |
| 2013 | ¥189k/m² | – |
| 2014 | ¥185k/m² | – |
| 2015 | ¥183k/m² | – |
| 2016 | ¥176k/m² | – |
| 2017 | ¥148k/m² | – |
| 2019 | ¥224k/m² | ¥357k/m² |
| 2020 | ¥149k/m² | – |
| 2022 | ¥242k/m² | – |
| 2023 | ¥238k/m² | – |
| 2025 | ¥273k/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 | ¥106k/m² | ¥139k/m² | ¥256k/m² | – |
| 2008 | ¥127k/m² | ¥135k/m² | ¥279k/m² | – |
| 2009 | ¥103k/m² | ¥118k/m² | ¥249k/m² | – |
| 2010 | ¥89k/m² | ¥112k/m² | ¥264k/m² | – |
| 2011 | ¥94k/m² | ¥118k/m² | – | ¥279k/m² |
| 2012 | ¥95k/m² | ¥104k/m² | – | ¥269k/m² |
| 2013 | ¥100k/m² | ¥114k/m² | – | ¥263k/m² |
| 2014 | ¥89k/m² | ¥96k/m² | – | ¥304k/m² |
| 2015 | ¥86k/m² | ¥119k/m² | – | ¥270k/m² |
| 2016 | ¥81k/m² | ¥115k/m² | – | ¥278k/m² |
| 2017 | ¥89k/m² | ¥103k/m² | – | ¥270k/m² |
| 2018 | ¥70k/m² | ¥115k/m² | ¥154k/m² | ¥267k/m² |
| 2019 | ¥80k/m² | ¥127k/m² | ¥178k/m² | ¥280k/m² |
| 2020 | ¥77k/m² | ¥110k/m² | – | ¥287k/m² |
| 2021 | ¥67k/m² | ¥104k/m² | ¥186k/m² | ¥273k/m² |
| 2022 | ¥69k/m² | ¥131k/m² | ¥192k/m² | – |
| 2023 | ¥84k/m² | ¥119k/m² | ¥168k/m² | – |
| 2024 | ¥87k/m² | ¥123k/m² | – | – |
| 2025 | ¥63k/m² | ¥115k/m² | – | ¥280k/m² |
| 2026 (partial) | – | ¥143k/m² | – | – |
Prices near train stations in Nagano City
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) |
|---|---|---|---|---|---|---|
| Nagano(JR/Shinano) (長野(ＪＲ・しなの)) | ¥22.5M | ¥338k/m² | ¥24.0M | 18 | 302 | 48,052-8% vs 2019 |
| Shinonoi (篠ノ井) | – | – | ¥22.0M | 15 | 101 | 16,358-15% vs 2019 |
| Kawanakajima (川中島) | – | – | ¥30.0M | 21 | 83 | 3,096-3% vs 2019 |
| Gondo (権堂) | ¥25.0M | ¥320k/m² | ¥19.0M | 6 | 70 | 2,248-11% vs 2019 |
| Hongo(Nagano) (本郷(長野)) | – | – | ¥25.0M | 8 | 56 | 2,363-3% vs 2019 |
| Kita Nagano (北長野) | ¥23.0M | ¥320k/m² | ¥34.5M | 16 | 55 | 3,379-16% vs 2019 |
| Imai (今井) | – | – | ¥30.0M | 16 | 53 | 3,682-3% vs 2019 |
| Shinanoyoshida (信濃吉田) | – | – | ¥28.0M | 14 | 49 | 2,631-7% vs 2019 |
| Zenkojishita (善光寺下) | – | – | ¥21.0M | 13 | 49 | 1,089-12% vs 2019 |
| Amori (安茂里) | – | – | ¥17.5M | 12 | 48 | 1,894-10% vs 2019 |
| Kirihara(Nagano) (桐原(長野)) | – | – | ¥28.0M | 11 | 47 | 1,941-9% vs 2019 |
| Asahi(Nagano) (朝陽) | – | – | ¥25.5M | 13 | 36 | 1,885-14% vs 2019 |
| Sansai (三才) | – | – | ¥14.5M | 13 | 36 | 2,507-15% vs 2019 |
| Fuzokuchugakumae (附属中学前) | – | – | ¥18.5M | 13 | 20 | 2,047-9% vs 2019 |
| Inariyama (稲荷山) | – | – | ¥4.9M | 9 | 18 | 610-10% vs 2019 |
Used condo prices by layout in Nagano City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥24.0M | 75 m² | 75 |
| 2LDK | ¥25.0M | 65 m² | 29 |
| 1K | ¥2.6M | 20 m² | 10 |
How much does an apartment cost in Nagano City?
The median used condo (mansion) in Nagano City sold for ¥22.0M in 2025, about ¥314k/m², based on 43 recorded sales.
How much does a house cost in Nagano City?
The median house sale, including the land, was ¥26.0M in 2025 across 315 sales.
Are property prices in Nagano City going up?
Over the five years to 2025, condo prices per m² changed +6.9% and residential land prices changed +29.0%.
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.