Ikuno Ward, Osaka City Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 273
In short
- 1Outperforming Osaka
Per m², condos here are 10% below the Osaka average.
- 2Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 95% more per m² than those 11–15 minutes away.
- 3A market for singles and investors
50% of recent condo sales are studios or 1K/1DK units, typical of rental investment and single workers.
- 4Sales are picking up
There were about 20% more transactions in the last three years than the three before, so the market is liquid and selling later should be easier.
The answers, compared
What does a home cost?
¥20.0M
median used condo · ¥495k/m²
11% below the Osaka median
15 of 55 areas in Osaka, highest first
Are prices rising?
+25.0%
over 5 years
Slower than Osaka (+50.0%)
36 of 64 areas in Osaka, highest first
Can local earners afford it?
5.1× income
median price ÷ average taxable income
Easier than Osaka (5.6×)
36 of 68 areas in Osaka, highest first
Rent or buy?
29years of rent
median price ÷ a year of median rent
Shorter than Osaka (32)
34 of 64 areas in Osaka, highest first
Are people moving in?
+1.1%
population, 2020–25
Growing while Osaka shrinks (-0.8%)
17 of 68 areas in Osaka, highest first
How risky is it?
37%
chance of strong shaking (6-lower+) in 30 years
Lower than Osaka (43%)
32 of 68 areas in Osaka, highest first
Rent in Ikuno Ward, Osaka City
The average private rental costs ¥58k a month (2023), +6.9% since 2018. Osaka: ¥64k
| Floor area | Typical layout | Average rent / month | Ikuno Ward, Osaka CityOsaka |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥48k vs 2018 +10.4% · Osaka: ¥50k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥63k vs 2018 +6.9% · Osaka: ¥65k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥71k vs 2018 +8.4% · Osaka: ¥80k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥71k vs 2018 +1.6% · Osaka: ¥89k |
- Rent per m²
- ¥1,862
- median, per month · Osaka: ¥1,794
- The median used condo (¥20.0M, 25 m²) costs about 34 years of average rent for a similar-sized home (¥48k 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. 28,930 rented homes.
What the data says
Outperforming Osaka
Per m², condos here are 10% below the Osaka average. The discount has shrunk from 34% ten years ago, so Ikuno Ward, Osaka City is catching up with its surroundings.
Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 95% 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 market for singles and investors
50% of recent condo sales are studios or 1K/1DK units, typical of rental investment and single workers. Small units are easy to rent but sensitive to new supply. Families will find fewer options.
Sales are picking up
There were about 20% 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 condo sales last year were between ¥17.3M and ¥20.0M. Listings outside that range are either unusual properties or worth a closer look.
A growing population
The population grew 1.1% between 2020 and 2025 (−0.8% for the wider area). Moves in and out roughly balanced in 2025.
Typical vacancy
22.8% of homes were empty in 2023 (14.2% for the wider area), and 5.3% 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 29.4 years of the area's median rent (¥57k a month), compared with 31.7 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.
Moderate earthquake risk
The government's seismic model gives a 37% chance of shaking of intensity 6-lower or stronger in the next 30 years (43% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.
A typical condo costs 5.1 years of local income
Taxpayers in the city as a whole reported an average taxable income of ¥3.9m in 2023 (¥3.9m for the wider area). That is +21% since 2014. The median resale condo sold for about 5.1 times that, against 5.6 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 rising fast
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +4% in the year to January 2026 and +11% over five years. 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, 93% are inside the worst-case flood zone (7% 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 Ikuno Ward, Osaka City: people, homes and risks
- Population 2025
- 128,673
- +1.1% since 2020
- Osaka: -0.8%
- Net moves in 2025
- -39
- -0.3 per 1,000 residents
- Osaka: +1.79
- Vacant homes (2023)
- 22.8%
- 5.3% empty and not for rent or sale
- Osaka: 14.2%
- Median rent (2023)
- ¥57k
- per month, all rented homes
- Osaka: ¥58k
- Strong earthquake risk
- 37.2%
- chance of shaking of intensity 6-lower or more within 30 years
- Osaka: 43.3%
- Average income per taxpayer
- ¥3.9M
- taxable income in 2023, citywide figure
- Osaka: ¥3.9M
- Daytime population
- 98
- people here by day per 100 residents (2020 census)
- Foreign residents
- 23.3%
- 29,531 registered residents in 2024
- Osaka: 3.7%
- Clinics
- 11.0
- per 10,000 residents; 17 hospitals, 90 dental clinics (2020)
- Osaka: 9.8
- Official land price 2026
- ¥189k/m²
- +4.0% in a year · +10.7% in 5 years
- Osaka: ¥145k/m²
- Flood exposure
- 92.9%
- of 14 benchmark sites in a worst-case flood zone (7.1% 3 m or deeper)
- Osaka: 42.5%
- Landslide exposure
- 0.0%
- of 14 benchmark sites in a landslide warning area
- Osaka: 1.4%
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 Ikuno Ward, Osaka 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
¥18.0M
¥300k/m²
- Shin-imazato
- Imazato(OsakaMetro) · 6 min walk
- 2LDK · 60 m²
- Built 1977 (48 yrs) · SRC
¥20.0M
¥1.0M/m²
- Nakagawanishi
- Tsuruhashi · 18 min walk
- 1K · 20 m²
- Built 2025 (1 yrs) · RC
¥23.0M
¥383k/m²
- Tatsumiminami
- Minami Tatsumi · 2 min walk
- 3LDK · 60 m²
- Built 1987 (38 yrs) · SRC
House
¥11.0M
¥200k/m²
- Tatsuminaka
- Minami Tatsumi · 7 min walk
- Land 55 m² · floor 55 m²
- Built 1970 (56 yrs) · Wood
¥33.0M
¥347k/m²
- Katsuyamakita
- Momodani · 3 min walk
- Land 50 m² · floor 95 m²
- Built 2000 (26 yrs) · Steel
¥56.0M
¥243k/m²
- Nakagawanishi
- Momodani · 20 min walk
- Land 85 m² · floor 230 m²
- Built 1989 (37 yrs) · Steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | – | ¥22.5M |
| 2006 | ¥13.5M | ¥21.5M |
| 2007 | ¥11.5M | ¥28.0M |
| 2008 | ¥12.5M | ¥29.0M |
| 2009 | ¥11.5M | ¥21.0M |
| 2010 | ¥8.9M | ¥18.0M |
| 2011 | ¥7.8M | ¥22.0M |
| 2012 | ¥10.0M | ¥22.0M |
| 2013 | ¥13.0M | ¥20.0M |
| 2014 | ¥11.0M | ¥19.0M |
| 2015 | ¥11.5M | ¥19.0M |
| 2016 | – | ¥20.0M |
| 2017 | ¥12.0M | ¥24.5M |
| 2018 | ¥11.0M | ¥25.0M |
| 2019 | ¥14.0M | ¥25.0M |
| 2020 | – | ¥24.0M |
| 2021 | ¥17.5M | ¥30.5M |
| 2022 | ¥12.5M | ¥21.0M |
| 2023 | ¥17.0M | ¥22.0M |
| 2024 | ¥19.0M | ¥26.5M |
| 2025 | ¥20.0M | ¥28.0M |
| 2026 (partial) | – | ¥23.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | – | ¥192k/m² | ¥180k/m² |
| 2006 | ¥213k/m² | ¥180k/m² | ¥200k/m² |
| 2007 | ¥204k/m² | ¥216k/m² | ¥250k/m² |
| 2008 | ¥217k/m² | ¥221k/m² | ¥170k/m² |
| 2009 | ¥210k/m² | ¥187k/m² | ¥160k/m² |
| 2010 | ¥168k/m² | ¥168k/m² | ¥150k/m² |
| 2011 | ¥148k/m² | ¥171k/m² | ¥150k/m² |
| 2012 | ¥200k/m² | ¥170k/m² | ¥160k/m² |
| 2013 | ¥223k/m² | ¥172k/m² | ¥150k/m² |
| 2014 | ¥200k/m² | ¥155k/m² | ¥160k/m² |
| 2015 | ¥170k/m² | ¥141k/m² | ¥150k/m² |
| 2016 | – | ¥155k/m² | ¥170k/m² |
| 2017 | ¥229k/m² | ¥157k/m² | ¥170k/m² |
| 2018 | ¥217k/m² | ¥198k/m² | ¥165k/m² |
| 2019 | ¥251k/m² | ¥179k/m² | ¥180k/m² |
| 2020 | – | ¥231k/m² | ¥180k/m² |
| 2021 | ¥307k/m² | ¥240k/m² | ¥170k/m² |
| 2022 | ¥283k/m² | ¥203k/m² | ¥220k/m² |
| 2023 | ¥320k/m² | ¥174k/m² | ¥210k/m² |
| 2024 | ¥450k/m² | ¥209k/m² | ¥210k/m² |
| 2025 | ¥495k/m² | ¥231k/m² | ¥225k/m² |
| 2026 (partial) | – | ¥206k/m² | ¥200k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.0M/m² | ¥370k/m² |
| 1 | ¥760k/m² | ¥438k/m² |
| 4 | ¥840k/m² | – |
| 21 | – | ¥247k/m² |
| 25 | – | ¥209k/m² |
| 31 | – | ¥202k/m² |
| 34 | – | ¥130k/m² |
| 36 | – | ¥125k/m² |
| 37 | – | ¥176k/m² |
| 38 | ¥267k/m² | ¥155k/m² |
| 39 | ¥243k/m² | – |
| 46 | – | ¥133k/m² |
| 49 | – | ¥106k/m² |
| 50 | ¥118k/m² | ¥121k/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 | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2005 | – | – | ¥323k/m² | – |
| 2006 | – | ¥137k/m² | ¥327k/m² | – |
| 2007 | ¥144k/m² | ¥175k/m² | ¥323k/m² | – |
| 2008 | ¥144k/m² | ¥156k/m² | ¥318k/m² | – |
| 2009 | – | ¥147k/m² | ¥284k/m² | – |
| 2010 | – | ¥144k/m² | ¥281k/m² | – |
| 2011 | – | ¥131k/m² | – | ¥310k/m² |
| 2012 | – | ¥118k/m² | ¥200k/m² | ¥292k/m² |
| 2013 | – | ¥125k/m² | – | ¥307k/m² |
| 2014 | ¥100k/m² | ¥126k/m² | – | ¥271k/m² |
| 2015 | ¥108k/m² | ¥133k/m² | – | ¥290k/m² |
| 2016 | – | ¥157k/m² | – | ¥278k/m² |
| 2017 | ¥87k/m² | ¥124k/m² | – | ¥314k/m² |
| 2018 | – | – | – | ¥324k/m² |
| 2019 | – | ¥116k/m² | – | ¥328k/m² |
| 2020 | – | – | – | ¥326k/m² |
| 2021 | – | ¥158k/m² | – | – |
| 2022 | – | ¥161k/m² | – | – |
| 2023 | – | ¥131k/m² | – | – |
| 2024 | – | ¥176k/m² | – | – |
| 2025 | ¥143k/m² | ¥177k/m² | – | – |
Prices near train stations in Ikuno Ward, Osaka City
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) |
|---|---|---|---|---|---|---|
| Momodani (桃谷) | – | – | ¥16.5M | 12 | 109 | 33,288-8% vs 2019 |
| Teradacho (寺田町) | ¥6.2M | ¥267k/m² | ¥21.5M | 11 | 100 | 32,564-6% vs 2019 |
| Tsuruhashi (鶴橋) | ¥20.0M | ¥880k/m² | ¥19.5M | 11 | 98 | 137,399-15% vs 2019 |
| Imazato(Kintetsu) (今里(近鉄)) | ¥19.0M | ¥422k/m² | ¥28.0M | 9 | 94 | 10,201-6% vs 2019 |
| Kita Tatsumi (北巽) | ¥16.5M | ¥231k/m² | ¥34.0M | 10 | 91 | 12,910-7% vs 2019 |
| Tobushijomae (東部市場前) | – | – | ¥25.0M | 12 | 61 | 15,034-6% vs 2019 |
| Minami Tatsumi (南巽) | – | – | ¥31.5M | 8 | 61 | 11,167-4% vs 2019 |
| Shoji(OsakaMetro) (小路(大阪メトロ)) | – | – | ¥33.0M | 5 | 52 | 8,527-1% vs 2019 |
| Imazato(OsakaMetro) (今里(大阪メトロ)) | ¥18.0M | ¥340k/m² | – | 9 | 12 | 10,201-6% vs 2019 |
Used condo prices by layout in Ikuno Ward, Osaka City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥19.0M | 25 m² | 50 |
| 3LDK | ¥24.0M | 60 m² | 20 |
| 2LDK | ¥16.5M | 55 m² | 16 |
How much does an apartment cost in Ikuno Ward, Osaka City?
The median used condo (mansion) in Ikuno Ward, Osaka City sold for ¥20.0M in 2025, about ¥495k/m², based on 46 recorded sales.
How much does a house cost in Ikuno Ward, Osaka City?
The median house sale, including the land, was ¥28.0M in 2025 across 183 sales.
Are property prices in Ikuno Ward, Osaka City going up?
Over the five years to 2025, residential land prices changed +25.0%.
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.