Tunnel of Light, Tokamachi, Niigata
Photo: Tunnel of Light, Tokamachi, Niigata · Susann Schuster / Unsplash

Mitsuke City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 69

In short

  1. 1
    A long, slow decline

    House prices per m² have been falling for a decade, by about 2.2% a year recently.

  2. 2
    Lagging Niigata

    Per m², houses here are 13% below the Niigata average.

  3. 3
    What a typical purchase costs

    Half of all house sales last year were between ¥4.5M and ¥20.0M.

  4. 4
    A shrinking population

    The population fell 6.5% between 2020 and 2025 (−6% for the wider area).

The answers, compared

What does a home cost?

¥12.0M

median house · ¥64k/m²

17% below the Niigata median

8 of 23 areas in Niigata, highest first

Are prices rising?

-8.3%

over 5 years

Slower than Niigata (+27.2%)

15 of 26 areas in Niigata, highest first

Can local earners afford it?

3.9× income

median price ÷ average taxable income

Easier than Niigata (5.0×)

7 of 25 areas in Niigata, highest first

Rent or buy?

22years of rent

median price ÷ a year of median rent

Shorter than Niigata (27)

8 of 25 areas in Niigata, highest first

Are people moving in?

-6.5%

population, 2020–25

Shrinking faster than Niigata (-6.0%)

12 of 26 areas in Niigata, highest first

How risky is it?

20%

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

Higher than Niigata (12%)

1 of 26 areas in Niigata, highest first

Rent in Mitsuke City

The average private rental costs ¥49k a month (2023), -5.6% since 2018. Niigata: ¥51k

Floor areaAverage rent / month
30–49 m²
1LDK / 2DK
¥43k
vs 2018 -15.0% · Niigata: ¥51k
50–69 m²
2LDK / 3DK
¥60k
vs 2018 +9.0% · Niigata: ¥60k
Rent per m²
¥1,195
median, per month · Niigata: ¥1,293

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. 1,390 rented homes.

What the data says

A long, slow decline

House prices per m² have been falling for a decade, by about 2.2% a year recently. Prices are low, but resale values are likely to keep easing, so buy here to live, not as an investment.

Lagging Niigata

Per m², houses here are 13% below the Niigata average. Ten years ago the gap was 4%, so Mitsuke City has been falling behind the rest of Niigata.

What a typical purchase costs

Half of all house sales last year were between ¥4.5M and ¥20.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 6.5% between 2020 and 2025 (−6% for the wider area). More people moved out than in during 2025 (about 4.8 per 1,000 residents), which weakens long-term housing demand.

Typical vacancy

10.1% of homes were empty in 2023 (15.3% for the wider area), and 5.7% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Lower earthquake risk

The government's seismic model gives a 20% chance of shaking of intensity 6-lower or stronger in the next 30 years (12% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.

Local incomes are close to average

Taxpayers here reported an average taxable income of ¥3.1m in 2023 (¥3.2m for the wider area). That is +23% 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. 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, 88% are inside the worst-case flood zone (25% with expected depths of 3 m or more), 13% are in a landslide warning area. 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 Mitsuke City: people, homes and risks

Population 2025
36,692
-6.5% since 2020
Niigata: -6.0%
Net moves in 2025
-175
-4.77 per 1,000 residents
Niigata: -3.08
Vacant homes (2023)
10.1%
5.7% empty and not for rent or sale
Niigata: 15.3%
Median rent (2023)
¥46k
per month, all rented homes
Niigata: ¥49k
Strong earthquake risk
19.9%
chance of shaking of intensity 6-lower or more within 30 years
Niigata: 11.9%
Average income per taxpayer
¥3.1M
taxable income in 2023
Niigata: ¥3.2M
Daytime population
89
people here by day per 100 residents (2020 census)
Foreign residents
0.7%
262 registered residents in 2024
Niigata: 1.1%
Clinics
7.9
per 10,000 residents; 1 hospitals, 21 dental clinics (2020)
Niigata: 8.2
Official land price 2026
¥25k/m²
-0.1% in a year · -2.1% in 5 years
Niigata: ¥28k/m²
Flood exposure
87.5%
of 8 benchmark sites in a worst-case flood zone (25.0% 3 m or deeper)
Niigata: 64.2%
Landslide exposure
12.5%
of 8 benchmark sites in a landslide warning area
Niigata: 2.7%

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 Mitsuke 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.

House

Lower-priced2025 Q3

¥3.5M

¥21k/m²

  • Honjo
  • Mitsuke · 8 min walk
  • Land 380 m² · floor 165 m²
  • Built 1974 (51 yrs) · Wood
Typical2025 Q4

¥10.0M

¥63k/m²

  • Imamachi
  • Mitsuke · 23 min walk
  • Land 720 m² · floor 160 m²
  • Built 1985 (40 yrs) · Wood
Higher-priced2025 Q4

¥17.0M

¥136k/m²

  • Imamachi
  • Mitsuke · 23 min walk
  • Land 180 m² · floor 125 m²
  • Built 2004 (21 yrs) · Wood
Median transaction price by yearA jump driven by what sold — The median house price rose 30% between 2023 and 2025. Per m², prices rose only 11%, so most of the jump comes from larger or higher-end properties changing hands, not from the same homes getting that much more expensive. With only 39 house sales in 2025, a handful of expensive deals can move the median a lot.
¥0¥5.0M¥10.0M¥15.0M¥20.0M200820102012201420162018202020222024
Show data table
YearHouse
2008–
2009¥7.6M
2010¥17.0M
2011¥17.0M
2012¥12.0M
2013¥14.0M
2014¥14.0M
2015¥11.0M
2016¥11.0M
2017¥13.0M
2018¥5.3M
2019¥16.5M
2020¥14.0M
2021¥6.8M
2022¥8.8M
2023¥9.2M
2024¥7.8M
2025¥12.0M
Median price per m² by year
¥0¥50k¥100k¥150k200820102012201420162018202020222024
Show data table
YearHouseLand
2008–¥27k/m²
2009¥59k/m²¥20k/m²
2010¥122k/m²¥28k/m²
2011¥136k/m²¥27k/m²
2012¥92k/m²¥30k/m²
2013¥86k/m²¥28k/m²
2014¥88k/m²¥22k/m²
2015¥68k/m²¥22k/m²
2016¥76k/m²¥20k/m²
2017¥100k/m²¥17k/m²
2018¥46k/m²¥18k/m²
2019¥85k/m²¥19k/m²
2020¥56k/m²¥24k/m²
2021¥48k/m²¥22k/m²
2022¥68k/m²¥30k/m²
2023¥57k/m²¥15k/m²
2024¥62k/m²¥19k/m²
2025¥64k/m²¥22k/m²
Price per m² by building age (2021–2025 sales)
¥0¥100k¥200k¥300k05101520253035404550
Show data table
Building age (years)House
0¥228k/m²
50¥18k/m²

Prices near train stations in Mitsuke City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)SalesDaily passengers (2023)
Mitsuke (見附)––¥9.9M191003,828-11% vs 2019

How much does a house cost in Mitsuke City?

The median house sale, including the land, was ¥12.0M in 2025 across 39 sales.

Are property prices in Mitsuke City going up?

Over the five years to 2025, residential land prices changed -8.3%.

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.