Koryo Town, Kitakatsuragi County Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 37
In short
- 1Sales are thinning out
Transactions are down about 49% on the previous three years.
- 2A shrinking population
The population fell 1% between 2020 and 2025 (−4.2% for the wider area).
- 3Typical vacancy
8.8% of homes were empty in 2023 (14.6% for the wider area), and 4.9% were empty without being for rent, for sale or used as second homes.
- 4High earthquake risk
The government's seismic model gives a 70% chance of shaking of intensity 6-lower or stronger in the next 30 years (48% for the wider area).
The answers, compared
Are prices rising?
+70.1%
over 5 years
Faster than Nara (+31.0%)
2 of 12 areas in Nara, highest first
Are people moving in?
-1.0%
population, 2020–25
Shrinking slower than Nara (-4.2%)
3 of 15 areas in Nara, highest first
How risky is it?
70%
chance of strong shaking (6-lower+) in 30 years
Higher than Nara (48%)
3 of 15 areas in Nara, highest first
Key figures for 2025
- Residential land per m² (sales)
- ¥57k/m²
- +70.1% over 5 years
- Transactions in 2025
- 37
What the data says
Sales are thinning out
Transactions are down about 49% on the previous three years. Fewer sales mean less choice and slower resale, so allow more time to sell later.
A shrinking population
The population fell 1% between 2020 and 2025 (−4.2% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 3.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Typical vacancy
8.8% of homes were empty in 2023 (14.6% for the wider area), and 4.9% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.
High earthquake risk
The government's seismic model gives a 70% chance of shaking of intensity 6-lower or stronger in the next 30 years (48% 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 ¥4.2m in 2023 (¥3.8m 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.
Official land prices are still falling
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed 0% in the year to January 2026 and -2% over five years. They are still 52% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.
Some flood or landslide exposure
Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 44% are inside the worst-case flood zone. 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 Koryo Town, Kitakatsuragi County: people, homes and risks
- Population 2025
- 33,478
- -1.0% since 2020
- Nara: -4.2%
- Net moves in 2025
- +18
- +0.54 per 1,000 residents
- Nara: -0.84
- Vacant homes (2023)
- 8.8%
- 4.9% empty and not for rent or sale
- Nara: 14.6%
- Median rent (2023)
- ¥55k
- per month, all rented homes
- Nara: ¥53k
- Strong earthquake risk
- 70.2%
- chance of shaking of intensity 6-lower or more within 30 years
- Nara: 47.5%
- Average income per taxpayer
- ¥4.2M
- taxable income in 2023
- Nara: ¥3.8M
- Daytime population
- 82
- people here by day per 100 residents (2020 census)
- Foreign residents
- 0.9%
- 303 registered residents in 2024
- Nara: 1.4%
- Clinics
- 6.6
- per 10,000 residents; 0 hospitals, 15 dental clinics (2020)
- Nara: 9.7
- Official land price 2026
- ¥55k/m²
- -0.4% in a year · -1.9% in 5 years
- Nara: ¥66k/m²
- Flood exposure
- 44.4%
- of 9 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Nara: 32.5%
- Landslide exposure
- 0.0%
- of 9 benchmark sites in a landslide warning area
- Nara: 4.9%
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 | House |
|---|---|
| 2007 | ¥32.0M |
| 2008 | ¥32.0M |
| 2009 | ¥31.0M |
| 2010 | ¥30.5M |
| 2011 | ¥25.0M |
| 2012 | ¥27.0M |
| 2013 | ¥27.0M |
| 2014 | ¥22.0M |
| 2015 | ¥23.0M |
| 2016 | ¥22.0M |
| 2017 | ¥25.0M |
| 2018 | ¥26.5M |
| 2019 | ¥22.0M |
| 2020 | ¥28.5M |
| 2021 | ¥25.0M |
| 2022 | ¥28.0M |
| 2023 | ¥26.5M |
| 2024 | ¥23.5M |
| 2025 | – |
Show data table
| Year | House | Land |
|---|---|---|
| 2007 | ¥255k/m² | ¥92k/m² |
| 2008 | ¥272k/m² | ¥74k/m² |
| 2009 | ¥218k/m² | ¥58k/m² |
| 2010 | ¥229k/m² | ¥50k/m² |
| 2011 | ¥200k/m² | ¥62k/m² |
| 2012 | ¥223k/m² | ¥49k/m² |
| 2013 | ¥226k/m² | ¥60k/m² |
| 2014 | ¥183k/m² | ¥54k/m² |
| 2015 | ¥190k/m² | ¥60k/m² |
| 2016 | ¥200k/m² | ¥60k/m² |
| 2017 | ¥213k/m² | ¥65k/m² |
| 2018 | ¥200k/m² | ¥42k/m² |
| 2019 | ¥200k/m² | ¥27k/m² |
| 2020 | ¥219k/m² | ¥34k/m² |
| 2021 | ¥238k/m² | ¥29k/m² |
| 2022 | ¥231k/m² | ¥44k/m² |
| 2023 | ¥223k/m² | ¥42k/m² |
| 2024 | ¥205k/m² | ¥49k/m² |
| 2025 | – | ¥57k/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 | 2001-2010 | 2011-2020 |
|---|---|---|
| 2010 | ¥304k/m² | – |
| 2012 | – | ¥259k/m² |
| 2016 | – | ¥281k/m² |
| 2019 | – | ¥235k/m² |
Prices near train stations in Koryo Town, Kitakatsuragi 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) |
|---|---|---|---|---|---|---|
| Goido (五位堂) | – | – | ¥29.0M | 24 | 33 | 23,742-12% vs 2019 |
| Hashio (箸尾) | – | – | ¥24.0M | 10 | 22 | 1,410-18% vs 2019 |
| Yamato Takada (大和高田) | – | – | ¥11.0M | – | 11 | 13,509-10% vs 2019 |
Are property prices in Koryo Town, Kitakatsuragi County going up?
Over the five years to 2025, residential land prices changed +70.1%.
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.