Miyakojima City Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 137
In short
- 1Steady, predictable growth
House prices per m² have climbed about 7.5% a year, roughly in line with the previous five years.
- 2Outperforming Okinawa
Per m², houses here are 19% below the Okinawa average.
- 3Sales are picking up
There were about 27% more transactions in the last three years than the three before, so the market is liquid and selling later should be easier.
- 4What a typical purchase costs
Half of all house sales last year were between ¥20.0M and ¥48.5M.
The answers, compared
What does a home cost?
¥38.0M
median house · ¥237k/m²
28% below the Okinawa median
11 of 11 areas in Okinawa, highest first
Are prices rising?
+113.9%
over 5 years
Faster than Okinawa (+13.3%)
1 of 13 areas in Okinawa, highest first
Can local earners afford it?
11.9× income
median price ÷ average taxable income
Harder than Okinawa (9.2×)
6 of 13 areas in Okinawa, highest first
Rent or buy?
66years of rent
median price ÷ a year of median rent
Longer than Okinawa (49)
5 of 13 areas in Okinawa, highest first
Are people moving in?
-1.7%
population, 2020–25
Slower than Okinawa (+0.1%)
14 of 16 areas in Okinawa, highest first
How risky is it?
18%
chance of strong shaking (6-lower+) in 30 years
Lower than Okinawa (22%)
14 of 16 areas in Okinawa, highest first
Rent in Miyakojima City
The average private rental costs ¥52k a month (2023), +14.7% since 2018. Okinawa: ¥54k
| Floor area | Typical layout | Average rent / month | Miyakojima CityOkinawa |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥50k vs 2018 +31.7% · Okinawa: ¥44k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥55k vs 2018 +27.8% · Okinawa: ¥51k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥51k vs 2018 +6.0% · Okinawa: ¥60k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥45k vs 2018 +0.1% · Okinawa: ¥72k |
- Rent per m²
- ¥1,291
- median, per month · Okinawa: ¥1,295
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. 8,310 rented homes.
What the data says
Steady, predictable growth
House prices per m² have climbed about 7.5% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.
Outperforming Okinawa
Per m², houses here are 19% below the Okinawa average. The discount has shrunk from 35% ten years ago, so Miyakojima City is catching up with its surroundings.
Sales are picking up
There were about 27% more transactions in the last three years than the three before, so the market is liquid and selling later should be easier.
What a typical purchase costs
Half of all house sales last year were between ¥20.0M and ¥48.5M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 1.7% between 2020 and 2025 (+0.1% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 6.2% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Many abandoned homes
15.2% of homes were empty in 2023 (9.3% for the wider area), and 8.6% 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.
Lower earthquake risk
The government's seismic model gives a 18% chance of shaking of intensity 6-lower or stronger in the next 30 years (22% 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 ¥3.2m in 2023 (¥3.2m for the wider area). That is +29% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.
Official land prices are rising fast
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +12% in the year to January 2026 and +68% over five years. Because these sites don't change, this is the cleanest measure of land value trends.
Little exposure to flooding
Very few of the official benchmark sites here fall in flood, tsunami or landslide zones, so most typical neighbourhoods are outside mapped hazard areas.
Living in Miyakojima City: people, homes and risks
- Population 2025
- 52,012
- -1.7% since 2020
- Okinawa: +0.1%
- Net moves in 2025
- +16
- +0.31 per 1,000 residents
- Okinawa: -0.38
- Vacant homes (2023)
- 15.2%
- 8.6% empty and not for rent or sale
- Okinawa: 9.3%
- Median rent (2023)
- ¥48k
- per month, all rented homes
- Okinawa: ¥51k
- Strong earthquake risk
- 18.3%
- chance of shaking of intensity 6-lower or more within 30 years
- Okinawa: 22.2%
- Average income per taxpayer
- ¥3.2M
- taxable income in 2023
- Okinawa: ¥3.2M
- Daytime population
- 100
- people here by day per 100 residents (2020 census)
- Foreign residents
- 2.0%
- 1,109 registered residents in 2024
- Okinawa: 1.9%
- Clinics
- 7.9
- per 10,000 residents; 4 hospitals, 23 dental clinics (2020)
- Okinawa: 6.3
- Official land price 2026
- ¥32k/m²
- +11.8% in a year · +68.1% in 5 years
- Okinawa: ¥120k/m²
- Flood exposure
- 0.0%
- of 8 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Okinawa: 7.7%
- Landslide exposure
- 0.0%
- of 8 benchmark sites in a landslide warning area
- Okinawa: 0.5%
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 Miyakojima 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
¥20.0M
¥235k/m²
- Hirara
- Land 500 m² · floor 85 m²
- Built 2016 (9 yrs) · ＲＣ、ブロック造
¥38.0M
¥422k/m²
- Ueno
- Land 650 m² · floor 90 m²
- Built 2023 (3 yrs) · RC
¥58.0M
¥552k/m²
- Hirara
- Land 500 m² · floor 105 m²
- Built 2007 (18 yrs) · RC
Show data table
| Year | House |
|---|---|
| 2007 | – |
| 2008 | ¥9.9M |
| 2009 | ¥14.0M |
| 2010 | ¥16.0M |
| 2011 | ¥11.0M |
| 2012 | – |
| 2013 | ¥18.0M |
| 2014 | – |
| 2015 | ¥9.3M |
| 2016 | ¥13.0M |
| 2017 | ¥21.5M |
| 2018 | ¥23.5M |
| 2019 | ¥27.0M |
| 2020 | ¥30.0M |
| 2021 | ¥23.0M |
| 2022 | ¥32.0M |
| 2023 | ¥32.0M |
| 2024 | ¥37.0M |
| 2025 | ¥38.0M |
Show data table
| Year | House | Land |
|---|---|---|
| 2007 | – | ¥14k/m² |
| 2008 | ¥91k/m² | ¥12k/m² |
| 2009 | ¥105k/m² | ¥17k/m² |
| 2010 | ¥108k/m² | ¥15k/m² |
| 2011 | ¥85k/m² | ¥12k/m² |
| 2012 | – | ¥13k/m² |
| 2013 | ¥106k/m² | ¥16k/m² |
| 2014 | – | ¥21k/m² |
| 2015 | ¥132k/m² | ¥14k/m² |
| 2016 | ¥126k/m² | ¥19k/m² |
| 2017 | ¥169k/m² | ¥18k/m² |
| 2018 | ¥127k/m² | ¥18k/m² |
| 2019 | ¥145k/m² | ¥17k/m² |
| 2020 | ¥217k/m² | ¥18k/m² |
| 2021 | ¥341k/m² | ¥29k/m² |
| 2022 | ¥355k/m² | ¥27k/m² |
| 2023 | ¥213k/m² | ¥27k/m² |
| 2024 | ¥283k/m² | ¥31k/m² |
| 2025 | ¥237k/m² | ¥39k/m² |
Show data table
| Building age (years) | House |
|---|---|
| 0 | ¥450k/m² |
| 1 | ¥497k/m² |
| 50 | ¥113k/m² |
How much does a house cost in Miyakojima City?
The median house sale, including the land, was ¥38.0M in 2025 across 63 sales.
Are property prices in Miyakojima City going up?
Over the five years to 2025, residential land prices changed +113.9%.
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.