Naniwa Ward (Osaka) Housing Market 2026: Namba's Studio Boom
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 394
In short
- 1Almost all studios
Naniwa, next to Namba and Shinsekai, is a studio market: about 85% of condo sales are 1K and studio units, the most traded being a 20 m² 1K at about ¥18M.
- 2The fastest population growth in Osaka
Naniwa's population grew 16% between 2020 and 2025, the most of any Osaka ward, and households grew 25%.
- 3Risks and renewal
About 45% of benchmark sites are in a flood zone, all shallow, and about a third in a tsunami zone.
The answers, compared
What does a home cost?
¥20.0M
median used condo · ¥900k/m²
1.6× the Osaka median
1 of 55 areas in Osaka, highest first
Are prices rising?
+28.6%
over 5 years
Slower than Osaka (+50.0%)
32 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×)
35 of 68 areas in Osaka, highest first
Rent or buy?
26years of rent
median price ÷ a year of median rent
Shorter than Osaka (32)
41 of 64 areas in Osaka, highest first
Are people moving in?
+15.8%
population, 2020–25
Growing while Osaka shrinks (-0.8%)
1 of 68 areas in Osaka, highest first
How risky is it?
32%
chance of strong shaking (6-lower+) in 30 years
Lower than Osaka (43%)
38 of 68 areas in Osaka, highest first
Rent in Naniwa Ward, Osaka City
The average private rental costs ¥65k a month (2023), -4.4% since 2018. Osaka: ¥64k
| Floor area | Typical layout | Average rent / month | Naniwa Ward, Osaka CityOsaka |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥56k vs 2018 +0.8% · Osaka: ¥50k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥73k vs 2018 -5.8% · Osaka: ¥65k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥94k vs 2018 -4.4% · Osaka: ¥80k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥141k vs 2018 +46.1% · Osaka: ¥89k | |
| 100–149 m² mostly houses | mostly houses | ¥66k vs 2018 -53.5% · Osaka: ¥82k |
- Rent per m²
- ¥2,436
- median, per month · Osaka: ¥1,794
- The median used condo (¥20.0M, 20 m²) costs about 30 years of average rent for a similar-sized home (¥56k 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. 41,390 rented homes.
Almost all studios
Naniwa, next to Namba and Shinsekai, is a studio market: about 85% of condo sales are 1K and studio units, the most traded being a 20 m² 1K at about ¥18M. Only about 4% are family-sized. Because small flats cost more per m², Naniwa has the highest price per m² of Osaka's 24 wards (about ¥0.9M), but its median condo sold for only about ¥20M.
The fastest population growth in Osaka
Naniwa's population grew 16% between 2020 and 2025, the most of any Osaka ward, and households grew 25%. Yet in 2025 it had the biggest net outflow to the rest of Japan of any Osaka ward. The growth comes from abroad: foreign workers and students in new studio buildings.
Busier market
Sales rose almost 50% in 2025. Prices per m² rose about 5% a year over the past five years, slightly faster than before. Daikokucho and Sakuragawa are the busiest stations.
Investors' ward
Vacancy is about 18%, among the highest in the city. A median condo costs about 26 years of median rent, much better than the Osaka average, which is why investors buy here.
Risks and renewal
About 45% of benchmark sites are in a flood zone, all shallow, and about a third in a tsunami zone. Earthquake probability is low for Osaka (about 32%). The Namba–Minatomachi renewal area is in the ward.
Living in Naniwa Ward, Osaka City: people, homes and risks
- Population 2025
- 87,409
- +15.8% since 2020
- Osaka: -0.8%
- Net moves in 2025
- -885
- -10.12 per 1,000 residents
- Osaka: +1.79
- Vacant homes (2023)
- 17.9%
- 2.6% empty and not for rent or sale
- Osaka: 14.2%
- Median rent (2023)
- ¥64k
- per month, all rented homes
- Osaka: ¥58k
- Strong earthquake risk
- 32.4%
- 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
- 141
- people here by day per 100 residents (2020 census)
- Foreign residents
- 16.6%
- 13,111 registered residents in 2024
- Osaka: 3.7%
- Clinics
- 8.6
- per 10,000 residents; 4 hospitals, 54 dental clinics (2020)
- Osaka: 9.8
- Official land price 2026
- ¥541k/m²
- +10.9% in a year · – in 5 years
- Osaka: ¥145k/m²
- Flood exposure
- 45.5%
- of 11 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Osaka: 42.5%
- Tsunami exposure
- 36.4%
- of 11 benchmark sites in a tsunami inundation zone
- Osaka: 10.2%
- Landslide exposure
- 0.0%
- of 11 benchmark sites in a landslide warning area
- Osaka: 1.4%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Namba and Minatomachi · 36 ha · designated 2002
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 Naniwa 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
¥900k/m²
- Inari
- JR Namba · 5 min walk
- 1K · 20 m²
- Built 2016 (10 yrs) · RC
¥20.0M
¥1.0M/m²
- Ashihara
- Ashiharabashi · 7 min walk
- 1K · 20 m²
- Built 2022 (4 yrs) · RC
¥23.0M
¥1.1M/m²
- Daikoku
- Daikokucho · 3 min walk
- 1K · 20 m²
- Built 2017 (9 yrs) · RC
House
¥42.0M
¥323k/m²
- Shikitsunishi
- Daikokucho · 7 min walk
- Land 60 m² · floor 130 m²
- Built 1997 (29 yrs) · Steel
¥98.0M
¥852k/m²
- Shiokusa
- Ashiharabashi · 6 min walk
- Land 95 m² · floor 115 m²
- Built 2012 (13 yrs) · Wood
¥470M
¥540k/m²
- Shikitsunishi
- Daikokucho · 4 min walk
- Land 290 m² · floor 870 m²
- Built 1975 (50 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | – | ¥42.5M |
| 2006 | ¥14.0M | ¥86.0M |
| 2007 | ¥19.5M | ¥81.5M |
| 2008 | ¥15.0M | ¥60.0M |
| 2009 | ¥15.0M | ¥43.0M |
| 2010 | ¥15.0M | ¥35.0M |
| 2011 | ¥15.0M | ¥37.0M |
| 2012 | ¥15.0M | ¥77.0M |
| 2013 | ¥17.0M | ¥40.0M |
| 2014 | ¥16.0M | ¥61.0M |
| 2015 | ¥18.0M | ¥41.0M |
| 2016 | ¥18.0M | ¥40.5M |
| 2017 | ¥18.0M | ¥61.0M |
| 2018 | ¥19.0M | ¥105M |
| 2019 | ¥18.0M | ¥73.0M |
| 2020 | ¥18.0M | ¥105M |
| 2021 | ¥18.0M | ¥120M |
| 2022 | ¥18.0M | ¥105M |
| 2023 | ¥18.0M | ¥140M |
| 2024 | ¥19.0M | ¥104M |
| 2025 | ¥20.0M | ¥100M |
| 2026 (partial) | ¥21.0M | – |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | – | ¥224k/m² | – |
| 2006 | ¥269k/m² | ¥210k/m² | ¥540k/m² |
| 2007 | ¥348k/m² | ¥310k/m² | – |
| 2008 | ¥382k/m² | ¥175k/m² | – |
| 2009 | ¥471k/m² | ¥182k/m² | – |
| 2010 | ¥429k/m² | ¥136k/m² | – |
| 2011 | ¥600k/m² | ¥284k/m² | – |
| 2012 | ¥409k/m² | ¥240k/m² | – |
| 2013 | ¥550k/m² | ¥221k/m² | – |
| 2014 | ¥507k/m² | ¥246k/m² | ¥230k/m² |
| 2015 | ¥650k/m² | ¥249k/m² | – |
| 2016 | ¥600k/m² | ¥235k/m² | – |
| 2017 | ¥633k/m² | ¥276k/m² | – |
| 2018 | ¥650k/m² | ¥356k/m² | – |
| 2019 | ¥678k/m² | ¥313k/m² | – |
| 2020 | ¥700k/m² | ¥390k/m² | – |
| 2021 | ¥700k/m² | ¥335k/m² | – |
| 2022 | ¥760k/m² | ¥348k/m² | – |
| 2023 | ¥800k/m² | ¥417k/m² | – |
| 2024 | ¥850k/m² | ¥489k/m² | – |
| 2025 | ¥900k/m² | ¥465k/m² | ¥1.3M/m² |
| 2026 (partial) | ¥967k/m² | – | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.0M/m² | – |
| 1 | ¥1.0M/m² | – |
| 2 | ¥880k/m² | – |
| 3 | ¥933k/m² | – |
| 4 | ¥850k/m² | – |
| 5 | ¥900k/m² | – |
| 6 | ¥850k/m² | – |
| 7 | ¥850k/m² | – |
| 8 | ¥833k/m² | – |
| 9 | ¥800k/m² | – |
| 10 | ¥800k/m² | – |
| 11 | ¥800k/m² | – |
| 12 | ¥750k/m² | – |
| 13 | ¥750k/m² | – |
| 14 | ¥700k/m² | – |
| 15 | ¥735k/m² | – |
| 16 | ¥746k/m² | – |
| 17 | ¥739k/m² | – |
| 18 | ¥760k/m² | – |
| 19 | ¥675k/m² | – |
| 22 | ¥650k/m² | – |
| 23 | ¥600k/m² | – |
| 25 | ¥533k/m² | – |
| 50 | – | ¥344k/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 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|
| 2009 | ¥200k/m² | ¥600k/m² | – |
| 2010 | ¥257k/m² | ¥600k/m² | – |
| 2011 | – | ¥600k/m² | ¥750k/m² |
| 2012 | – | ¥560k/m² | – |
| 2013 | – | ¥465k/m² | ¥563k/m² |
| 2014 | – | ¥461k/m² | ¥800k/m² |
| 2015 | – | ¥500k/m² | ¥840k/m² |
| 2016 | – | ¥520k/m² | ¥850k/m² |
| 2017 | – | ¥600k/m² | ¥760k/m² |
| 2018 | – | ¥650k/m² | ¥750k/m² |
| 2019 | – | ¥640k/m² | ¥825k/m² |
| 2020 | – | ¥640k/m² | ¥800k/m² |
| 2021 | – | ¥672k/m² | ¥750k/m² |
| 2022 | – | ¥700k/m² | ¥786k/m² |
| 2023 | – | ¥710k/m² | ¥800k/m² |
| 2024 | – | ¥760k/m² | ¥850k/m² |
| 2025 | – | ¥800k/m² | ¥900k/m² |
| 2026 (partial) | – | – | ¥950k/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 | 1981-2000 | 2011-2020 |
|---|---|---|
| 2006 | ¥211k/m² | – |
| 2015 | – | ¥302k/m² |
| 2024 | ¥449k/m² | – |
Prices near train stations in Naniwa 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) |
|---|---|---|---|---|---|---|
| Daikokucho (大国町) | ¥19.0M | ¥880k/m² | ¥160M | 3 | 300 | 34,577+6% vs 2019 |
| Sakuragawa(Osaka) (桜川(大阪)) | ¥19.0M | ¥850k/m² | ¥90.0M | 4 | 218 | 22,754+5% vs 2019 |
| Ebisucho(Osaka) (恵美須町) | ¥18.0M | ¥800k/m² | ¥100M | 5 | 113 | 23,810+8% vs 2019 |
| Namba(OsakaMetro) (なんば(大阪メトロ)) | ¥19.0M | ¥768k/m² | – | 5 | 99 | – |
| Ashiharabashi (芦原橋) | ¥20.0M | ¥907k/m² | ¥92.5M | 4 | 74 | 11,702-3% vs 2019 |
| JR Namba (ＪＲ難波) | ¥20.0M | ¥831k/m² | – | 3 | 55 | – |
| Namba(Nankai) (難波(南海)) | ¥19.0M | ¥840k/m² | – | 6 | 42 | 217,969-13% vs 2019 |
| Shitennoji Mae Yuhigaoka (四天王寺前夕陽ケ丘) | ¥21.0M | ¥747k/m² | – | 6 | 33 | 24,560-5% vs 2019 |
| Imamiya (今宮) | ¥19.0M | ¥800k/m² | – | 4 | 27 | 8,904-6% vs 2019 |
| Taisho(Osaka) (大正(大阪)) | ¥21.5M | ¥1.1M/m² | – | 5 | 24 | 57,680-8% vs 2019 |
| Nippombashi(Osaka) (日本橋(大阪)) | ¥25.0M | ¥800k/m² | – | 8 | 21 | 69,828-11% vs 2019 |
Used condo prices by layout in Naniwa Ward, Osaka City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥18.0M | 20 m² | 626 |
| 1DK | ¥23.0M | 30 m² | 67 |
| 1LDK | ¥27.5M | 35 m² | 44 |
| 3LDK | ¥43.0M | 67.5 m² | 30 |
| 2LDK | ¥47.0M | 60 m² | 29 |
| 2DK | ¥37.0M | 40 m² | 11 |
How much does an apartment cost in Naniwa Ward, Osaka City?
The median used condo (mansion) in Naniwa Ward, Osaka City sold for ¥20.0M in 2025, about ¥900k/m², based on 326 recorded sales.
How much does a house cost in Naniwa Ward, Osaka City?
The median house sale, including the land, was ¥100M in 2025 across 45 sales.
Are property prices in Naniwa Ward, Osaka City going up?
Over the five years to 2025, condo prices per m² changed +28.6%.
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.