Shimosuwa Town, Suwa County Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 56
In short
- 1What a typical purchase costs
Half of all house sales last year were between ¥4.5M and ¥52.0M.
- 2A shrinking population
The population fell 7.9% between 2020 and 2025 (−4.5% for the wider area).
- 3Many abandoned homes
22.3% of homes were empty in 2023 (20.1% for the wider area), and 13.6% were empty without being for rent, for sale or used as second homes.
- 4High earthquake risk
The government's seismic model gives a 58% chance of shaking of intensity 6-lower or stronger in the next 30 years (20% for the wider area).
The answers, compared
What does a home cost?
¥23.0M
median house · ¥114k/m²
6% below the Nagano median
7 of 22 areas in Nagano, highest first
Are prices rising?
+52.2%
over 5 years
Faster than Nagano (+19.2%)
5 of 28 areas in Nagano, highest first
Can local earners afford it?
6.8× income
median price ÷ average taxable income
In line with Nagano (7.0×)
4 of 24 areas in Nagano, highest first
Rent or buy?
49years of rent
median price ÷ a year of median rent
Longer than Nagano (41)
2 of 22 areas in Nagano, highest first
Are people moving in?
-7.9%
population, 2020–25
Shrinking faster than Nagano (-4.5%)
26 of 30 areas in Nagano, highest first
How risky is it?
58%
chance of strong shaking (6-lower+) in 30 years
Higher than Nagano (20%)
2 of 30 areas in Nagano, highest first
What the data says
What a typical purchase costs
Half of all house sales last year were between ¥4.5M and ¥52.0M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 7.9% between 2020 and 2025 (−4.5% for the wider area). More people moved out than in during 2025 (about 4.7 per 1,000 residents), which weakens long-term housing demand.
Many abandoned homes
22.3% of homes were empty in 2023 (20.1% for the wider area), and 13.6% 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.
High earthquake risk
The government's seismic model gives a 58% chance of shaking of intensity 6-lower or stronger in the next 30 years (20% 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 close to average
Taxpayers here reported an average taxable income of ¥3.4m in 2023 (¥3.4m for the wider area). That is +14% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.
Living in Shimosuwa Town, Suwa County: people, homes and risks
- Population 2025
- 17,636
- -7.9% since 2020
- Nagano: -4.5%
- Net moves in 2025
- -83
- -4.71 per 1,000 residents
- Nagano: -0.72
- Vacant homes (2023)
- 22.3%
- 13.6% empty and not for rent or sale
- Nagano: 20.1%
- Median rent (2023)
- ¥39k
- per month, all rented homes
- Nagano: ¥49k
- Strong earthquake risk
- 57.6%
- chance of shaking of intensity 6-lower or more within 30 years
- Nagano: 19.8%
- Average income per taxpayer
- ¥3.4M
- taxable income in 2023
- Nagano: ¥3.4M
- Daytime population
- 93
- people here by day per 100 residents (2020 census)
- Foreign residents
- 1.9%
- 360 registered residents in 2024
- Nagano: 2.3%
- Clinics
- 7.4
- per 10,000 residents; 3 hospitals, 14 dental clinics (2020)
- Nagano: 8.3
- Official land price 2026
- ¥41k/m²
- -0.5% in a year · – in 5 years
- Nagano: ¥30k/m²
- Flood exposure
- 66.7%
- of 3 benchmark sites in a worst-case flood zone (66.7% 3 m or deeper)
- Nagano: 55.7%
- Landslide exposure
- 33.3%
- 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 Shimosuwa 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
¥5.0M
¥59k/m²
- (No Address)
- Shimo Suwa · 10 min walk
- Land 150 m² · floor 85 m²
- Built 1978 (47 yrs) · Wood
¥24.0M
¥42k/m²
- (No Address)
- Shimo Suwa · 11 min walk
- Land 410 m² · floor 570 m²
- Built 1972 (53 yrs) · Steel
¥51.0M
¥425k/m²
- Yashiro
- Shimo Suwa · 18 min walk
- Land 135 m² · floor 120 m²
- Built 2004 (21 yrs) · Wood
Show data table
| Year | House |
|---|---|
| 2007 | – |
| 2008 | – |
| 2010 | – |
| 2011 | – |
| 2012 | – |
| 2013 | ¥15.0M |
| 2014 | – |
| 2015 | – |
| 2016 | – |
| 2017 | – |
| 2018 | – |
| 2019 | ¥11.5M |
| 2020 | – |
| 2021 | – |
| 2022 | ¥10.0M |
| 2024 | ¥7.3M |
| 2025 | ¥23.0M |
Show data table
| Year | House | Land |
|---|---|---|
| 2007 | – | ¥65k/m² |
| 2008 | – | ¥59k/m² |
| 2010 | – | ¥54k/m² |
| 2011 | – | ¥47k/m² |
| 2012 | – | ¥45k/m² |
| 2013 | ¥75k/m² | ¥53k/m² |
| 2014 | – | ¥43k/m² |
| 2015 | – | ¥39k/m² |
| 2016 | – | ¥52k/m² |
| 2017 | – | ¥36k/m² |
| 2018 | – | ¥27k/m² |
| 2019 | ¥71k/m² | ¥43k/m² |
| 2020 | – | ¥23k/m² |
| 2021 | – | ¥35k/m² |
| 2022 | ¥63k/m² | ¥14k/m² |
| 2024 | ¥73k/m² | ¥40k/m² |
| 2025 | ¥114k/m² | ¥35k/m² |
Prices near train stations in Shimosuwa Town, Suwa 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) |
|---|---|---|---|---|---|---|
| Shimo Suwa (下諏訪) | – | – | ¥8.0M | 16 | 70 | 3,542-14% vs 2019 |
How much does a house cost in Shimosuwa Town, Suwa County?
The median house sale, including the land, was ¥23.0M in 2025 across 31 sales.
Are property prices in Shimosuwa Town, Suwa County going up?
Over the five years to 2025, residential land prices changed +52.2%.
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.