Nishi Ward (Osaka) Housing Market 2026: Fast Growth and Tsunami Exposure
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 629
In short
- 1One of Osaka's fastest-growing wards
Nishi Ward, around Awaza, Utsubo Park and Horie, grew 9.1% between 2020 and 2025, third among Osaka City's 24 wards.
- 2Small flats close to stations
More than half of condo sales are studios; the 20 m² 1K at about ¥18M is the most traded home.
- 3Tsunami and earthquake risk
None of Nishi's benchmark sites are in the river flood zones, but about 86% are in a tsunami inundation zone, as the ward is on low land near Osaka Bay.
The answers, compared
What does a home cost?
¥23.0M
median used condo · ¥850k/m²
1.5× the Osaka median
4 of 55 areas in Osaka, highest first
Are prices rising?
+41.7%
over 5 years
Slower than Osaka (+50.0%)
15 of 64 areas in Osaka, highest first
Can local earners afford it?
5.8× income
median price ÷ average taxable income
In line with Osaka (5.6×)
20 of 68 areas in Osaka, highest first
Rent or buy?
27years of rent
median price ÷ a year of median rent
Shorter than Osaka (32)
39 of 64 areas in Osaka, highest first
Are people moving in?
+9.1%
population, 2020–25
Growing while Osaka shrinks (-0.8%)
3 of 68 areas in Osaka, highest first
How risky is it?
60%
chance of strong shaking (6-lower+) in 30 years
Higher than Osaka (43%)
14 of 68 areas in Osaka, highest first
Rent in Nishi Ward, Osaka City
The average private rental costs ¥75k a month (2023), -6.2% since 2018. Osaka: ¥64k
| Floor area | Typical layout | Average rent / month | Nishi Ward, Osaka CityOsaka |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥60k vs 2018 -4.5% · Osaka: ¥50k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥83k vs 2018 -1.7% · Osaka: ¥65k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥95k vs 2018 -17.7% · Osaka: ¥80k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥130k vs 2018 +21.5% · Osaka: ¥89k | |
| 100–149 m² mostly houses | mostly houses | ¥86k vs 2018 -13.9% · Osaka: ¥82k |
- Rent per m²
- ¥2,450
- median, per month · Osaka: ¥1,794
- The median used condo (¥23.0M, 35 m²) costs about 23 years of average rent for a similar-sized home (¥83k 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. 39,850 rented homes.
One of Osaka's fastest-growing wards
Nishi Ward, around Awaza, Utsubo Park and Horie, grew 9.1% between 2020 and 2025, third among Osaka City's 24 wards. Households grew 15%, and in 2025 about 830 more people moved in from the rest of Japan than left. Sales rose by a third in 2025.
Prices
Condos cost about ¥0.85M per m², 1.5 times the Osaka Prefecture average and fourth among Osaka's wards. Prices per m² rose about 7% a year over the past five years. The median condo sold for about ¥23M. Benchmark residential land rose 10.5% in the past year.
Small flats close to stations
More than half of condo sales are studios; the 20 m² 1K at about ¥18M is the most traded home. Awaza is by far the busiest station. Station distance has almost no effect on price, because nearly everywhere in the ward is within a few minutes of the subway.
Strong yields
A median condo costs about 27 years of median rent, one of the best ratios of the central wards and better than the Osaka average of 32.
Tsunami and earthquake risk
None of Nishi's benchmark sites are in the river flood zones, but about 86% are in a tsunami inundation zone, as the ward is on low land near Osaka Bay. Earthquake probability is about 60% for 6-lower in 30 years, much higher than in Kita or Chuo, because the ground is softer. This is the main risk to check before buying.
Living in Nishi Ward, Osaka City: people, homes and risks
- Population 2025
- 115,449
- +9.1% since 2020
- Osaka: -0.8%
- Net moves in 2025
- +834
- +7.22 per 1,000 residents
- Osaka: +1.79
- Vacant homes (2023)
- 11.5%
- 1.7% empty and not for rent or sale
- Osaka: 14.2%
- Median rent (2023)
- ¥71k
- per month, all rented homes
- Osaka: ¥58k
- Strong earthquake risk
- 60.4%
- 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
- 169
- people here by day per 100 residents (2020 census)
- Foreign residents
- 6.7%
- 7,397 registered residents in 2024
- Osaka: 3.7%
- Clinics
- 11.0
- per 10,000 residents; 8 hospitals, 94 dental clinics (2020)
- Osaka: 9.8
- Official land price 2026
- ¥956k/m²
- +10.5% in a year · – in 5 years
- Osaka: ¥145k/m²
- Flood exposure
- 0.0%
- of 21 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Osaka: 42.5%
- Tsunami exposure
- 85.7%
- of 21 benchmark sites in a tsunami inundation zone
- Osaka: 10.2%
- Landslide exposure
- 0.0%
- of 21 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 Nishi 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
¥19.0M
¥760k/m²
- Itachibori
- Awaza · 3 min walk
- 1K · 25 m²
- Built 2015 (11 yrs) · RC
¥22.0M
¥880k/m²
- Kitahorie
- Yotsubashi · 5 min walk
- 1K · 25 m²
- Built 2011 (15 yrs) · RC
¥53.0M
¥883k/m²
- Edobori
- Awaza · 5 min walk
- 2LDK · 60 m²
- Built 2011 (14 yrs) · RC
House
¥60.0M
¥750k/m²
- Kujominami
- Kujo(OsakaMetro) · 2 min walk
- Land 45 m² · floor 80 m²
- Built 2009 (17 yrs) · Steel
¥100M
¥800k/m²
- Kitahorie
- Yotsubashi · 2 min walk
- Land 40 m² · floor 125 m²
- Built 1976 (50 yrs) · Steel
¥400M
¥645k/m²
- Kitahorie
- Nishiohashi · 3 min walk
- Land 145 m² · floor 620 m²
- Built 2003 (23 yrs) · Steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥14.0M | ¥115M |
| 2006 | ¥18.0M | ¥140M |
| 2007 | ¥17.0M | ¥130M |
| 2008 | ¥19.0M | ¥110M |
| 2009 | ¥18.0M | ¥50.0M |
| 2010 | ¥17.5M | ¥51.5M |
| 2011 | ¥19.0M | ¥42.0M |
| 2012 | ¥16.0M | ¥78.0M |
| 2013 | ¥17.0M | ¥49.5M |
| 2014 | ¥18.0M | ¥110M |
| 2015 | ¥18.0M | ¥71.5M |
| 2016 | ¥23.0M | ¥120M |
| 2017 | ¥21.0M | ¥130M |
| 2018 | ¥20.0M | ¥110M |
| 2019 | ¥21.0M | ¥78.0M |
| 2020 | ¥18.0M | ¥75.0M |
| 2021 | ¥22.5M | ¥145M |
| 2022 | ¥21.0M | ¥88.5M |
| 2023 | ¥20.0M | ¥120M |
| 2024 | ¥24.0M | ¥80.5M |
| 2025 | ¥23.0M | ¥130M |
| 2026 (partial) | ¥25.0M | ¥79.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥246k/m² | ¥275k/m² | – |
| 2006 | ¥333k/m² | ¥322k/m² | ¥680k/m² |
| 2007 | ¥289k/m² | ¥271k/m² | ¥575k/m² |
| 2008 | ¥362k/m² | ¥230k/m² | ¥535k/m² |
| 2009 | ¥378k/m² | ¥182k/m² | – |
| 2010 | ¥333k/m² | ¥213k/m² | ¥500k/m² |
| 2011 | ¥367k/m² | ¥210k/m² | – |
| 2012 | ¥343k/m² | ¥214k/m² | ¥400k/m² |
| 2013 | ¥367k/m² | ¥191k/m² | ¥480k/m² |
| 2014 | ¥385k/m² | ¥231k/m² | ¥535k/m² |
| 2015 | ¥480k/m² | ¥260k/m² | – |
| 2016 | ¥520k/m² | ¥254k/m² | ¥570k/m² |
| 2017 | ¥545k/m² | ¥280k/m² | ¥495k/m² |
| 2018 | ¥560k/m² | ¥355k/m² | – |
| 2019 | ¥544k/m² | ¥308k/m² | ¥700k/m² |
| 2020 | ¥600k/m² | ¥300k/m² | – |
| 2021 | ¥614k/m² | ¥362k/m² | – |
| 2022 | ¥671k/m² | ¥364k/m² | ¥795k/m² |
| 2023 | ¥745k/m² | ¥412k/m² | ¥1.1M/m² |
| 2024 | ¥770k/m² | ¥465k/m² | ¥790k/m² |
| 2025 | ¥850k/m² | ¥510k/m² | – |
| 2026 (partial) | ¥850k/m² | ¥572k/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.1M/m² | ¥463k/m² |
| 1 | ¥1.2M/m² | – |
| 2 | ¥950k/m² | – |
| 3 | ¥900k/m² | – |
| 4 | ¥858k/m² | – |
| 5 | ¥867k/m² | – |
| 6 | ¥897k/m² | – |
| 7 | ¥900k/m² | – |
| 8 | ¥855k/m² | – |
| 9 | ¥850k/m² | – |
| 10 | ¥829k/m² | – |
| 11 | ¥800k/m² | – |
| 12 | ¥771k/m² | – |
| 13 | ¥720k/m² | – |
| 14 | ¥744k/m² | – |
| 15 | ¥700k/m² | – |
| 16 | ¥680k/m² | – |
| 17 | ¥690k/m² | – |
| 18 | ¥650k/m² | – |
| 19 | ¥680k/m² | – |
| 20 | ¥723k/m² | – |
| 21 | ¥640k/m² | – |
| 22 | ¥600k/m² | – |
| 23 | ¥565k/m² | – |
| 24 | ¥580k/m² | – |
| 25 | ¥571k/m² | – |
| 26 | ¥643k/m² | – |
| 27 | ¥618k/m² | – |
| 32 | – | ¥364k/m² |
| 35 | ¥431k/m² | – |
| 36 | ¥382k/m² | – |
| 37 | ¥407k/m² | – |
| 38 | ¥382k/m² | ¥273k/m² |
| 39 | ¥405k/m² | – |
| 40 | ¥367k/m² | – |
| 41 | ¥372k/m² | – |
| 42 | ¥369k/m² | – |
| 43 | ¥386k/m² | – |
| 44 | ¥382k/m² | – |
| 45 | ¥400k/m² | – |
| 46 | ¥378k/m² | – |
| 47 | ¥383k/m² | – |
| 50 | ¥400k/m² | ¥393k/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 | – | ¥243k/m² | – | – |
| 2006 | ¥231k/m² | ¥260k/m² | ¥800k/m² | – |
| 2007 | ¥240k/m² | ¥267k/m² | ¥600k/m² | – |
| 2008 | ¥167k/m² | ¥278k/m² | ¥800k/m² | – |
| 2009 | ¥218k/m² | ¥256k/m² | ¥633k/m² | – |
| 2010 | ¥220k/m² | ¥255k/m² | ¥600k/m² | – |
| 2011 | ¥233k/m² | ¥296k/m² | ¥518k/m² | ¥800k/m² |
| 2012 | ¥213k/m² | ¥250k/m² | ¥484k/m² | – |
| 2013 | ¥227k/m² | ¥289k/m² | ¥450k/m² | ¥800k/m² |
| 2014 | ¥262k/m² | ¥294k/m² | ¥500k/m² | ¥747k/m² |
| 2015 | ¥246k/m² | ¥308k/m² | ¥497k/m² | ¥743k/m² |
| 2016 | ¥312k/m² | ¥371k/m² | ¥547k/m² | ¥709k/m² |
| 2017 | ¥283k/m² | ¥422k/m² | ¥550k/m² | ¥800k/m² |
| 2018 | ¥307k/m² | ¥400k/m² | ¥562k/m² | ¥800k/m² |
| 2019 | ¥354k/m² | ¥418k/m² | ¥600k/m² | ¥743k/m² |
| 2020 | ¥367k/m² | ¥400k/m² | ¥640k/m² | ¥850k/m² |
| 2021 | ¥360k/m² | ¥422k/m² | ¥650k/m² | ¥762k/m² |
| 2022 | ¥367k/m² | ¥475k/m² | ¥656k/m² | ¥788k/m² |
| 2023 | ¥383k/m² | ¥462k/m² | ¥650k/m² | ¥850k/m² |
| 2024 | ¥400k/m² | ¥490k/m² | ¥720k/m² | ¥886k/m² |
| 2025 | ¥416k/m² | ¥533k/m² | ¥760k/m² | ¥900k/m² |
| 2026 (partial) | – | ¥550k/m² | ¥800k/m² | ¥950k/m² |
Prices near train stations in Nishi 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) |
|---|---|---|---|---|---|---|
| Awaza (阿波座) | ¥23.0M | ¥760k/m² | ¥295M | 4 | 469 | 45,178-8% vs 2019 |
| Kujo(OsakaMetro) (九条(大阪メトロ)) | ¥19.0M | ¥850k/m² | ¥44.0M | 5 | 277 | 40,458+6% vs 2019 |
| Nishinagahori (西長堀) | ¥27.0M | ¥765k/m² | ¥185M | 4 | 259 | 23,956-7% vs 2019 |
| Higobashi (肥後橋) | ¥20.0M | ¥841k/m² | ¥200M | 8 | 167 | 62,149-18% vs 2019 |
| Nishiohashi (西大橋) | ¥31.5M | ¥767k/m² | ¥220M | 3 | 154 | 12,838-11% vs 2019 |
| Hommachi (本町) | ¥41.0M | ¥891k/m² | ¥235M | 4 | 105 | 200,963-8% vs 2019 |
| Dome Mae Chiyozaki (ドーム前千代崎) | ¥19.0M | ¥737k/m² | – | 4 | 54 | 10,466-13% vs 2019 |
| Yotsubashi (四ツ橋) | ¥37.5M | ¥800k/m² | – | 5 | 52 | 31,482-5% vs 2019 |
| Sakuragawa(Osaka) (桜川(大阪)) | ¥25.5M | ¥630k/m² | – | 5 | 40 | 22,754+5% vs 2019 |
| Kujo(Hanshin) (九条(阪神)) | ¥17.0M | ¥800k/m² | – | 5 | 20 | 40,458+6% vs 2019 |
| Namba(OsakaMetro) (なんば(大阪メトロ)) | ¥46.0M | ¥767k/m² | – | 6 | 18 | – |
Used condo prices by layout in Nishi Ward, Osaka City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥18.0M | 20 m² | 590 |
| 2LDK | ¥43.5M | 60 m² | 202 |
| 3LDK | ¥41.0M | 70 m² | 177 |
| 1LDK | ¥33.0M | 45 m² | 135 |
| 1DK | ¥24.0M | 30 m² | 43 |
| 2DK | ¥31.0M | 50 m² | 25 |
| 4LDK | ¥44.5M | 80 m² | 10 |
How much does an apartment cost in Nishi Ward, Osaka City?
The median used condo (mansion) in Nishi Ward, Osaka City sold for ¥23.0M in 2025, about ¥850k/m², based on 548 recorded sales.
How much does a house cost in Nishi Ward, Osaka City?
The median house sale, including the land, was ¥130M in 2025 across 64 sales.
Are property prices in Nishi Ward, Osaka City going up?
Over the five years to 2025, condo prices per m² changed +41.7%.
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.