Shinkyo Bridge, Nikko, Tochigi
Photo: Shinkyo Bridge, Nikko, Tochigi · Roméo A. / Unsplash

Sakura City, Tochigi Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 85

In short

  1. 1
    The trend has turned down

    After rising earlier, house prices per m² have slipped by about 3.9% a year over the last five years.

  2. 2
    Outperforming Tochigi

    Per m², houses here are 21% above the Tochigi average.

  3. 3
    What a typical purchase costs

    Half of all house sales last year were between ¥13.0M and ¥28.0M.

  4. 4
    A shrinking population

    The population fell 0.7% between 2020 and 2025 (−3.5% for the wider area).

The answers, compared

What does a home cost?

¥19.0M

median house · ¥130k/m²

4% below the Tochigi median

8 of 15 areas in Tochigi, highest first

Are prices rising?

0.0%

over 5 years

Slower than Tochigi (+51.7%)

12 of 16 areas in Tochigi, highest first

Can local earners afford it?

5.5× income

median price ÷ average taxable income

Harder than Tochigi (4.3×)

7 of 17 areas in Tochigi, highest first

Rent or buy?

33years of rent

median price ÷ a year of median rent

Longer than Tochigi (26)

7 of 17 areas in Tochigi, highest first

Are people moving in?

-0.7%

population, 2020–25

Shrinking slower than Tochigi (-3.5%)

2 of 17 areas in Tochigi, highest first

How risky is it?

11%

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

Lower than Tochigi (17%)

11 of 17 areas in Tochigi, highest first

Rent in Sakura City

The average private rental costs ¥48k a month (2023), -2.5% since 2018. Tochigi: ¥51k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥39k
vs 2018 +8.9% · Tochigi: ¥40k
30–49 m²
1LDK / 2DK
¥47k
vs 2018 -1.9% · Tochigi: ¥49k
50–69 m²
2LDK / 3DK
¥54k
vs 2018 +0.8% · Tochigi: ¥58k
Rent per m²
¥1,207
median, per month · Tochigi: ¥1,240

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. 3,130 rented homes.

What the data says

The trend has turned down

After rising earlier, house prices per m² have slipped by about 3.9% a year over the last five years. That often reflects weaker local demand, so check vacancy and population trends before buying.

Outperforming Tochigi

Per m², houses here are 21% above the Tochigi average. The premium has grown from 4% ten years ago, so Sakura City has been outperforming its surroundings.

What a typical purchase costs

Half of all house sales last year were between ¥13.0M and ¥28.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 0.7% between 2020 and 2025 (−3.5% for the wider area). More people moved in than out in 2025, a net gain of about 3.4 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 6.3% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

10.6% of homes were empty in 2023 (16.9% for the wider area), and 5.4% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Lower earthquake risk

The government's seismic model gives a 11% chance of shaking of intensity 6-lower or stronger in the next 30 years (17% 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 ¥3.5m in 2023 (¥3.5m for the wider area). That is +17% since 2014. 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 -4% 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, 17% are inside the worst-case flood zone. 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 Sakura City: people, homes and risks

Population 2025
44,192
-0.7% since 2020
Tochigi: -3.5%
Net moves in 2025
+151
+3.42 per 1,000 residents
Tochigi: -1.08
Vacant homes (2023)
10.6%
5.4% empty and not for rent or sale
Tochigi: 16.9%
Median rent (2023)
¥48k
per month, all rented homes
Tochigi: ¥48k
Strong earthquake risk
11.1%
chance of shaking of intensity 6-lower or more within 30 years
Tochigi: 16.5%
Average income per taxpayer
¥3.5M
taxable income in 2023
Tochigi: ¥3.5M
Daytime population
92
people here by day per 100 residents (2020 census)
Foreign residents
1.6%
709 registered residents in 2024
Tochigi: 2.9%
Clinics
6.3
per 10,000 residents; 2 hospitals, 16 dental clinics (2020)
Tochigi: 7.9
Official land price 2026
¥18k/m²
-0.7% in a year · -4.4% in 5 years
Tochigi: ¥29k/m²
Flood exposure
16.7%
of 6 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Tochigi: 31.1%
Landslide exposure
0.0%
of 6 benchmark sites in a landslide warning area
Tochigi: 0.7%

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 Sakura 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

Lower-priced2025 Q4

¥12.0M

¥114k/m²

  • Kitsuregawa
  • Ujiie
  • Land 330 m² · floor 105 m²
  • Built 2002 (23 yrs) · Wood
Typical2026 Q1

¥21.0M

¥210k/m²

  • Hasamada
  • Ujiie
  • Land 160 m² · floor 100 m²
  • Built 2026 (0 yrs) · Wood
Higher-priced2026 Q1

¥30.0M

¥273k/m²

  • Kinunosato
  • Ujiie
  • Land 190 m² · floor 110 m²
  • Built 2025 (1 yrs) · Wood
Median transaction price by year
¥0¥10.0M¥20.0M¥30.0M2007200920112013201520172019202120232025
Show data table
YearHouse
2007–
2008¥16.0M
2009¥17.0M
2010¥18.0M
2011–
2012¥16.0M
2013¥15.0M
2014¥15.0M
2015¥18.0M
2016¥21.0M
2017¥20.0M
2018¥23.0M
2019¥22.0M
2020¥23.0M
2021¥20.5M
2022¥22.0M
2023¥21.0M
2024¥26.5M
2025¥19.0M
Median price per m² by year
¥0¥100k¥200k¥300k2007200920112013201520172019202120232025
Show data table
YearHouseLand
2007–¥27k/m²
2008¥128k/m²¥22k/m²
2009¥110k/m²¥20k/m²
2010¥178k/m²¥18k/m²
2011–¥16k/m²
2012¥133k/m²¥18k/m²
2013¥126k/m²¥23k/m²
2014¥133k/m²¥17k/m²
2015¥144k/m²¥16k/m²
2016¥166k/m²¥31k/m²
2017¥182k/m²¥21k/m²
2018¥200k/m²¥13k/m²
2019¥182k/m²¥14k/m²
2020¥209k/m²¥19k/m²
2021¥187k/m²¥18k/m²
2022¥200k/m²¥19k/m²
2023¥157k/m²¥15k/m²
2024¥190k/m²¥30k/m²
2025¥130k/m²¥19k/m²
Price per m² by building age (2021–2025 sales)
¥0¥100k¥200k¥300k036912151821242730
Show data table
Building age (years)House
0¥260k/m²
1¥243k/m²
25¥133k/m²
26¥88k/m²
30¥70k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k20182019202020212022202320242025

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
Year1981-20002011-2020
2018–¥228k/m²
2020–¥226k/m²
2025¥106k/m²–

Prices near train stations in Sakura 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)
Ujiie (氏家)––¥25.5M151205,726-11% vs 2019

How much does a house cost in Sakura City?

The median house sale, including the land, was ¥19.0M in 2025 across 54 sales.

Are property prices in Sakura City going up?

Over the five years to 2025, residential land prices changed 0.0%.

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.