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

Nagaoka City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 501

In short

  1. 1
    Price growth is speeding up

    Condo values per m² have risen about 8.1% a year over the past five years, faster than the 1.6% a year of the five years before.

  2. 2
    Moving with Niigata

    Per m², condos here are priced close to the Niigata average.

  3. 3
    Being near a station is worth a lot

    Condos within a 5-minute walk of a station sell for about 70% more per m² than those 11–15 minutes away.

  4. 4
    A family market

    48% of recent condo sales have three or more bedrooms.

The answers, compared

What does a home cost?

¥14.0M

median used condo · ¥236k/m²

0% below the Niigata median

Are prices rising?

+68.8%

over 5 years

Faster than Niigata (+27.2%)

1 of 26 areas in Niigata, highest first

Can local earners afford it?

4.3× income

median price ÷ average taxable income

Easier than Niigata (5.0×)

6 of 25 areas in Niigata, highest first

Rent or buy?

22years of rent

median price ÷ a year of median rent

Shorter than Niigata (27)

6 of 25 areas in Niigata, highest first

Are people moving in?

-5.9%

population, 2020–25

Shrinking slower than Niigata (-6.0%)

10 of 26 areas in Niigata, highest first

How risky is it?

14%

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

In line with Niigata (12%)

10 of 26 areas in Niigata, highest first

Rent in Nagaoka City

The average private rental costs ¥55k a month (2023), +5.7% since 2018. Niigata: ¥51k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥40k
vs 2018 +0.4% · Niigata: ¥40k
30–49 m²
1LDK / 2DK
¥55k
vs 2018 +4.2% · Niigata: ¥51k
50–69 m²
2LDK / 3DK
¥62k
vs 2018 +1.7% · Niigata: ¥60k
70–99 m²
3LDK / family
¥70k
vs 2018 +10.4% · Niigata: ¥64k
100–149 m²
mostly houses
¥64k
vs 2018 +0.6% · Niigata: ¥55k
Rent per m²
¥1,357
median, per month · Niigata: ¥1,293
The median used condo (¥14.0M, 60 m²) costs about 19 years of average rent for a similar-sized home (¥62k 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. 21,590 rented homes.

What the data says

Price growth is speeding up

Condo values per m² have risen about 8.1% a year over the past five years, faster than the 1.6% a year of the five years before. Buyers waiting for a dip have so far been paying more each year, and that has not yet changed.

Moving with Niigata

Per m², condos here are priced close to the Niigata average. That position has barely changed in ten years, so it moves with the wider market.

Being near a station is worth a lot

Condos within a 5-minute walk of a station sell for about 70% more per m² than those 11–15 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.

A family market

48% 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.

Sales are thinning out

Transactions are down about 26% 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 condo sales last year were between ¥5.3M and ¥23.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 5.9% between 2020 and 2025 (−6% for the wider area). More people moved out than in during 2025 (about 3.3 per 1,000 residents), which weakens long-term housing demand.

Typical vacancy

13.5% of homes were empty in 2023 (15.3% for the wider area), and 6.1% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Buying vs renting

A median used condo costs about 22.2 years of the area's median rent (¥53k a month), compared with 27.4 years for the wider area. That is a middle-of-the-road ratio for Japan. Rents here cover all rented homes, so treat this as a rough guide.

Lower earthquake risk

The government's seismic model gives a 14% 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.

A typical condo costs 4.3 years of local income

Taxpayers here reported an average taxable income of ¥3.2m in 2023 (¥3.2m for the wider area). That is +18% since 2014. The median resale condo sold for about 4.3 times that, against 5.0 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 still falling

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 33% 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, 90% are inside the worst-case flood zone (46% 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 Nagaoka City: people, homes and risks

Population 2025
251,272
-5.9% since 2020
Niigata: -6.0%
Net moves in 2025
-825
-3.28 per 1,000 residents
Niigata: -3.08
Vacant homes (2023)
13.5%
6.1% empty and not for rent or sale
Niigata: 15.3%
Median rent (2023)
¥53k
per month, all rented homes
Niigata: ¥49k
Strong earthquake risk
14.3%
chance of shaking of intensity 6-lower or more within 30 years
Niigata: 11.9%
Average income per taxpayer
¥3.2M
taxable income in 2023
Niigata: ¥3.2M
Daytime population
102
people here by day per 100 residents (2020 census)
Foreign residents
1.1%
2,886 registered residents in 2024
Niigata: 1.1%
Clinics
7.2
per 10,000 residents; 11 hospitals, 123 dental clinics (2020)
Niigata: 8.2
Official land price 2026
¥42k/m²
-0.6% in a year · -3.4% in 5 years
Niigata: ¥28k/m²
Flood exposure
90.2%
of 61 benchmark sites in a worst-case flood zone (45.9% 3 m or deeper)
Niigata: 64.2%
Landslide exposure
0.0%
of 61 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 Nagaoka 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

Lower-priced2025 Q4

¥3.2M

¥53k/m²

  • Jonaicho
  • Nagaoka · 7 min walk
  • 3LDK · 60 m²
  • Built 1984 (41 yrs) · SRC
Typical2025 Q4

¥13.0M

¥236k/m²

  • Matsuba
  • Nagaoka
  • 3LDK · 55 m²
  • Built 1997 (28 yrs) · RC
Higher-priced2025 Q4

¥28.0M

¥431k/m²

  • Minamimachi
  • Nagaoka · 10 min walk
  • 2LDK · 65 m²
  • Built 2019 (6 yrs) · RC

House

Lower-priced2025 Q4

¥3.5M

¥25k/m²

  • Teradomarinozumi
  • Bunsui
  • Land 230 m² · floor 140 m²
  • Built 1990 (35 yrs)
Typical2026 Q2

¥14.0M

¥117k/m²

  • Izumi
  • Nagaoka · 26 min walk
  • Land 170 m² · floor 120 m²
  • Built 1965 (61 yrs) · Wood
Higher-priced2025 Q4

¥27.0M

¥225k/m²

  • Inahominami
  • Kita Nagaoka · 28 min walk
  • Land 200 m² · floor 120 m²
  • Built 2013 (12 yrs) · Wood
Median transaction price by year
¥0¥10.0M¥20.0M¥30.0M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007–¥18.0M
2008¥8.1M¥14.5M
2009¥10.0M¥16.0M
2010¥13.0M¥17.0M
2011¥11.5M¥16.0M
2012¥8.9M¥15.0M
2013¥8.5M¥15.0M
2014¥9.0M¥14.0M
2015¥7.2M¥14.0M
2016¥6.3M¥17.0M
2017¥6.9M¥17.0M
2018¥8.5M¥16.0M
2019¥5.7M¥16.0M
2020¥8.8M¥15.0M
2021¥9.5M¥12.0M
2022¥17.0M¥14.0M
2023¥22.0M¥13.0M
2024¥6.5M¥15.0M
2025¥14.0M¥15.0M
2026 (partial)–¥14.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 59% less than a m² of condo, even though the house price includes land. If you need room more than convenience, a house buys considerably more space. That gap has widened over the decade as condo prices pulled ahead.
¥0¥100k¥200k¥300k¥400k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007–¥114k/m²¥45k/m²
2008¥139k/m²¥100k/m²¥38k/m²
2009¥143k/m²¥116k/m²¥34k/m²
2010¥187k/m²¥104k/m²¥36k/m²
2011¥184k/m²¥100k/m²¥30k/m²
2012¥138k/m²¥88k/m²¥40k/m²
2013¥145k/m²¥85k/m²¥32k/m²
2014¥171k/m²¥80k/m²¥30k/m²
2015¥143k/m²¥87k/m²¥33k/m²
2016¥139k/m²¥107k/m²¥34k/m²
2017¥143k/m²¥104k/m²¥35k/m²
2018¥142k/m²¥110k/m²¥39k/m²
2019¥150k/m²¥95k/m²¥36k/m²
2020¥140k/m²¥88k/m²¥36k/m²
2021¥173k/m²¥84k/m²¥35k/m²
2022¥236k/m²¥79k/m²¥36k/m²
2023¥312k/m²¥68k/m²¥35k/m²
2024¥191k/m²¥80k/m²¥36k/m²
2025¥236k/m²¥96k/m²¥37k/m²
2026 (partial)–¥76k/m²¥34k/m²
Price per m² by building age (2021–2025 sales)
¥0¥200k¥400k¥600k05101520253035404550
Show data table
Building age (years)CondoHouse
0¥573k/m²¥290k/m²
1–¥281k/m²
2–¥242k/m²
5–¥208k/m²
13¥341k/m²–
14¥309k/m²–
16–¥92k/m²
17–¥147k/m²
18–¥124k/m²
19–¥123k/m²
20–¥138k/m²
22–¥91k/m²
23–¥114k/m²
25–¥92k/m²
26–¥68k/m²
27–¥71k/m²
28–¥75k/m²
29–¥64k/m²
30¥124k/m²¥63k/m²
31¥149k/m²¥69k/m²
32–¥52k/m²
33–¥79k/m²
34–¥62k/m²
35–¥62k/m²
36–¥39k/m²
37–¥48k/m²
38–¥46k/m²
39–¥61k/m²
40–¥56k/m²
41–¥22k/m²
42–¥52k/m²
43–¥41k/m²
44–¥43k/m²
45–¥68k/m²
46–¥25k/m²
47–¥34k/m²
48–¥36k/m²
49–¥37k/m²
50–¥28k/m²
Condo price per m² by construction period
¥0¥100k¥200k¥300k¥400k20082010201220142016201820202022

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
Year1981-20002001-2010
2008¥136k/m²–
2009¥108k/m²–
2010¥139k/m²¥317k/m²
2011–¥329k/m²
2012¥136k/m²–
2013¥140k/m²–
2014¥154k/m²–
2015¥127k/m²–
2017¥136k/m²–
2019¥147k/m²–
2020¥140k/m²–
2021¥156k/m²–
2022¥140k/m²–
House price per m² by construction period
¥0¥100k¥200k¥300k2007200920112013201520172019202120232025

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
Year1971-19801981-20002001-20102011-2020
2007¥97k/m²¥104k/m²¥220k/m²–
2008¥84k/m²¥98k/m²¥191k/m²–
2009¥92k/m²¥89k/m²¥217k/m²–
2010¥67k/m²¥88k/m²¥208k/m²–
2011¥63k/m²¥96k/m²–¥200k/m²
2012¥65k/m²¥78k/m²–¥212k/m²
2013¥54k/m²¥76k/m²–¥227k/m²
2014¥72k/m²¥77k/m²–¥215k/m²
2015¥52k/m²¥71k/m²–¥209k/m²
2016¥55k/m²¥98k/m²–¥233k/m²
2017¥50k/m²¥74k/m²–¥240k/m²
2018¥59k/m²¥81k/m²–¥229k/m²
2019¥53k/m²¥76k/m²–¥236k/m²
2020¥44k/m²¥69k/m²¥113k/m²¥228k/m²
2021¥36k/m²¥66k/m²¥120k/m²¥214k/m²
2022¥34k/m²¥61k/m²¥147k/m²–
2023¥32k/m²¥61k/m²––
2024¥50k/m²¥61k/m²––
2025¥39k/m²¥70k/m²¥145k/m²–

Prices near train stations in Nagaoka 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)
Nagaoka (長岡)¥19.0M¥278k/m²¥15.0M1348021,266-10% vs 2019
Miyauchi(Niigata) (宮内(新潟))¥5.5M¥138k/m²¥20.0M13792,174+8% vs 2019
Kita Nagaoka (北長岡)––¥18.5M1645–
Raikoji (来迎寺)––¥14.5M14261,142+2% vs 2019
Mitsuke (見附)––¥4.9M–243,828-11% vs 2019
Teradomari (寺泊)––¥3.0M1116254-21% vs 2019
Oshikiri (押切)––¥18.5M2114–

Used condo prices by layout in Nagaoka City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥27.5M70 m²50
2LDK¥18.5M60 m²24
1K¥2.0M20 m²15
2DK¥3.1M45 m²13

How much does an apartment cost in Nagaoka City?

The median used condo (mansion) in Nagaoka City sold for ¥14.0M in 2025, about ¥236k/m², based on 49 recorded sales.

How much does a house cost in Nagaoka City?

The median house sale, including the land, was ¥15.0M in 2025 across 212 sales.

Are property prices in Nagaoka City going up?

Over the five years to 2025, condo prices per m² changed +68.8% and residential land prices changed +2.8%.

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.