Tokyo Housing Market 2026: Still Growing, Still Rising, and Getting Expensive to Rent
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 32,806
In short
- 1The only big prefecture still gaining people
Tokyo added about 200,000 residents between 2020 and 2025 (+1.4%) while Japan as a whole lost 2.5%.
- 2Condos doubled in a decade, and the pace is steady
The median price per m² of a used condo roughly doubled between 2013 and 2025, growing about 5% a year with no sign of a sharp slowdown.
- 3A one-room market
The most traded condo in Tokyo is a 20 m² 1K unit, not a family flat.
- 4Old buildings hold value because land is the asset
Pre-1981 condos have actually appreciated slightly faster than 2000s ones over the last decade, but they still sell about 20% below 1980s and 90s buildings.
- 5Risks: earthquakes and the east-side lowlands
Tokyo's population-weighted chance of strong shaking (6-lower or more) in the next 30 years is about 53%, higher than the national average.
The answers, compared
What does a home cost?
¥37.0M
median used condo · ¥1.1M/m²
1.9× the Japan median
1 of 47 prefectures, highest first
Are prices rising?
+26.5%
over 5 years
Slower than Japan (+33.4%)
16 of 47 prefectures, highest first
Can local earners afford it?
6.8× income
median price ÷ average taxable income
In line with Japan (6.6×)
5 of 47 prefectures, highest first
Rent or buy?
39years of rent
median price ÷ a year of median rent
In line with Japan (38)
5 of 47 prefectures, highest first
Are people moving in?
+1.4%
population, 2020–25
Growing while Japan shrinks (-2.5%)
1 of 47 prefectures, highest first
How risky is it?
53%
chance of strong shaking (6-lower+) in 30 years
Higher than Japan (38%)
12 of 47 prefectures, highest first
Rent in Tokyo
The average private rental costs ¥95k a month (2023), +7.0% since 2018. Japan: ¥65k
| Floor area | Typical layout | Average rent / month | TokyoJapan |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥70k vs 2018 +4.4% · Japan: ¥53k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥99k vs 2018 +8.4% · Japan: ¥64k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥126k vs 2018 +9.0% · Japan: ¥75k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥155k vs 2018 +9.2% · Japan: ¥88k | |
| 100–149 m² mostly houses | mostly houses | ¥191k vs 2018 +26.2% · Japan: ¥84k | |
| 150 m² + mostly houses | mostly houses | ¥271k vs 2018 +49.0% · Japan: ¥91k |
- Rent per m²
- ¥2,800
- median, per month · Japan: ¥1,598
- The median used condo (¥37.0M, 45 m²) costs about 31 years of average rent for a similar-sized home (¥99k 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. 2,864,100 rented homes.
The only big prefecture still gaining people
Tokyo added about 200,000 residents between 2020 and 2025 (+1.4%) while Japan as a whole lost 2.5%. In 2025 alone, about 65,000 more people moved in from the rest of Japan than left. Households grew even faster (+4.7%) because most newcomers are single. This steady inflow is the foundation under Tokyo's prices.
Condos doubled in a decade, and the pace is steady
The median price per m² of a used condo roughly doubled between 2013 and 2025, growing about 5% a year with no sign of a sharp slowdown. Houses rose much less, so a m² of house now costs around 40% less than a m² of condo even with its land. On the government's fixed benchmark sites, residential land rose 6.3% in the past year and about 22% over five years, while commercial land rose 12% in a year. Business districts are leading.
A one-room market
The most traded condo in Tokyo is a 20 m² 1K unit, not a family flat. Almost 40% of condo sales are studios or 1K/1DK units, bought to rent to the city's huge single-person population. A median condo costs about 39 years of Tokyo's median rent, so yields are thin and investors are relying on price growth.
Old buildings hold value because land is the asset
Pre-1981 condos have actually appreciated slightly faster than 2000s ones over the last decade, but they still sell about 20% below 1980s and 90s buildings. Condos keep their value well for 20 years, then drop sharply between 25 and 30 years old, the generation of small units built around the bubble.
Risks: earthquakes and the east-side lowlands
Tokyo's population-weighted chance of strong shaking (6-lower or more) in the next 30 years is about 53%, higher than the national average. Flood risk is concentrated in the low-lying eastern wards along the Arakawa and Edogawa rivers. In Edogawa almost every benchmark site is inside the worst-case flood zone, more than half of them 3 m or deeper, while the western wards and Tama area are much safer.
Redevelopment
Eight of the government's Urgent Urban Renewal Areas are in Tokyo, around Marunouchi and the bay, Shinagawa, Shinjuku, Shibuya, Ikebukuro, Akihabara, Osaki and Haneda. They are why the skyline keeps changing and why commercial land prices are rising faster than residential.
Living in Tokyo: people, homes and risks
- Population 2025
- 14,246,219
- +1.4% since 2020
- Japan: -2.5%
- Net moves in 2025
- +65,219
- +4.58 per 1,000 residents
- Vacant homes (2023)
- 10.9%
- 2.6% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥78k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 52.8%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Reported crime
- 6.9
- per 1,000 residents in 2025 (98,213 crimes recorded by the Tokyo police)
- Average income per taxpayer
- ¥5.4M
- taxable income in 2023
- Japan: ¥3.9M
- Foreign residents
- 5.2%
- 721,223 registered residents in 2024
- Japan: 3.0%
- Clinics
- 9.8
- per 10,000 residents; 637 hospitals, 10,786 dental clinics (2020)
- Japan: 8.5
- Official land price 2026
- ¥407k/m²
- +6.3% in a year · +21.9% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 42.5%
- of 2512 benchmark sites in a worst-case flood zone (10.9% 3 m or deeper)
- Japan: 42.6%
- Tsunami exposure
- 0.2%
- of 2512 benchmark sites in a tsunami inundation zone
- Japan: 7.8%
- Landslide exposure
- 0.8%
- of 2512 benchmark sites in a landslide warning area
- Japan: 2.6%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Central Tokyo and Waterfront · 2043 ha · designated 2002 · Specified zone (highest priority)
- Akihabara and Kanda · 157 ha · designated 2002
- Shinagawa and Tamachi Station area · 184 ha · designated 2012 · Specified zone (highest priority)
- Shinjuku Station area · 221 ha · designated 2002 · Specified zone (highest priority)
- Osaki Station area · 61 ha · designated 2002
- Shibuya Station area · 139 ha · designated 2005 · Specified zone (highest priority)
- Ikebukuro Station area · 143 ha · designated 2015 · Specified zone (highest priority)
- Haneda Airport South, Kawasaki Tonomachi and Daishigawara · 339 ha · designated 2002 · Specified zone (highest priority)
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 Tokyo
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
¥23.0M
¥1.1M/m²
- Nihombashihamacho, Chuo Ward
- Hamacho · 2 min walk
- 1K · 20 m²
- Built 2002 (24 yrs) · SRC
¥37.0M
¥1.9M/m²
- Akasaka, Minato Ward
- Nogizaka · 7 min walk
- 1K · 20 m²
- Built 1983 (43 yrs) · SRC
¥75.0M
¥1.5M/m²
- Harumi, Chuo Ward
- Kachidoki · 8 min walk
- 3LDK · 50 m²
- Built 1983 (43 yrs) · SRC
House
¥38.0M
¥475k/m²
- Arakawa, Arakawa Ward
- Machiya · 2 min walk
- Land 55 m² · floor 80 m²
- Built 1978 (48 yrs) · Wood
¥64.0M
¥533k/m²
- Higashitamagawa, Setagaya Ward
- Den en Chofu · 7 min walk
- Land 70 m² · floor 120 m²
- Built 1995 (31 yrs) · ＲＣ、木造
¥140M
¥1.2M/m²
- Sendagi, Bunkyo Ward
- Nishi Nippori · 8 min walk
- Land 95 m² · floor 115 m²
- Built 1970 (56 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥21.0M | ¥52.0M |
| 2006 | ¥22.0M | ¥53.0M |
| 2007 | ¥24.0M | ¥49.0M |
| 2008 | ¥25.0M | ¥45.0M |
| 2009 | ¥25.0M | ¥42.0M |
| 2010 | ¥25.0M | ¥42.0M |
| 2011 | ¥25.0M | ¥42.0M |
| 2012 | ¥24.0M | ¥42.0M |
| 2013 | ¥24.0M | ¥43.0M |
| 2014 | ¥25.0M | ¥43.0M |
| 2015 | ¥26.0M | ¥44.0M |
| 2016 | ¥27.0M | ¥46.0M |
| 2017 | ¥28.0M | ¥48.0M |
| 2018 | ¥28.0M | ¥48.0M |
| 2019 | ¥29.0M | ¥48.0M |
| 2020 | ¥30.0M | ¥48.0M |
| 2021 | ¥31.0M | ¥50.0M |
| 2022 | ¥31.0M | ¥56.0M |
| 2023 | ¥33.0M | ¥59.0M |
| 2024 | ¥35.0M | ¥60.0M |
| 2025 | ¥37.0M | ¥63.0M |
| 2026 (partial) | ¥37.0M | ¥67.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥550k/m² | ¥480k/m² | ¥410k/m² |
| 2006 | ¥578k/m² | ¥495k/m² | ¥450k/m² |
| 2007 | ¥600k/m² | ¥478k/m² | ¥390k/m² |
| 2008 | ¥569k/m² | ¥450k/m² | ¥330k/m² |
| 2009 | ¥544k/m² | ¥422k/m² | ¥300k/m² |
| 2010 | ¥571k/m² | ¥420k/m² | ¥310k/m² |
| 2011 | ¥560k/m² | ¥421k/m² | ¥310k/m² |
| 2012 | ¥533k/m² | ¥411k/m² | ¥300k/m² |
| 2013 | ¥556k/m² | ¥421k/m² | ¥310k/m² |
| 2014 | ¥600k/m² | ¥420k/m² | ¥320k/m² |
| 2015 | ¥655k/m² | ¥433k/m² | ¥340k/m² |
| 2016 | ¥727k/m² | ¥450k/m² | ¥330k/m² |
| 2017 | ¥750k/m² | ¥463k/m² | ¥350k/m² |
| 2018 | ¥775k/m² | ¥474k/m² | ¥360k/m² |
| 2019 | ¥800k/m² | ¥486k/m² | ¥390k/m² |
| 2020 | ¥850k/m² | ¥489k/m² | ¥390k/m² |
| 2021 | ¥892k/m² | ¥511k/m² | ¥400k/m² |
| 2022 | ¥920k/m² | ¥547k/m² | ¥420k/m² |
| 2023 | ¥960k/m² | ¥568k/m² | ¥450k/m² |
| 2024 | ¥1.0M/m² | ¥589k/m² | ¥480k/m² |
| 2025 | ¥1.1M/m² | ¥611k/m² | ¥520k/m² |
| 2026 (partial) | ¥1.1M/m² | ¥643k/m² | ¥560k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.4M/m² | ¥618k/m² |
| 1 | ¥1.4M/m² | ¥627k/m² |
| 2 | ¥1.3M/m² | ¥753k/m² |
| 3 | ¥1.2M/m² | ¥750k/m² |
| 4 | ¥1.2M/m² | ¥704k/m² |
| 5 | ¥1.2M/m² | ¥661k/m² |
| 6 | ¥1.2M/m² | ¥678k/m² |
| 7 | ¥1.1M/m² | ¥631k/m² |
| 8 | ¥1.1M/m² | ¥647k/m² |
| 9 | ¥1.1M/m² | ¥600k/m² |
| 10 | ¥1.1M/m² | ¥557k/m² |
| 11 | ¥1.1M/m² | ¥630k/m² |
| 12 | ¥1.1M/m² | ¥556k/m² |
| 13 | ¥1.1M/m² | ¥600k/m² |
| 14 | ¥1.1M/m² | ¥544k/m² |
| 15 | ¥1.0M/m² | ¥545k/m² |
| 16 | ¥1.0M/m² | ¥480k/m² |
| 17 | ¥1.1M/m² | ¥525k/m² |
| 18 | ¥1.1M/m² | ¥518k/m² |
| 19 | ¥1.1M/m² | ¥524k/m² |
| 20 | ¥1.1M/m² | ¥486k/m² |
| 21 | ¥1.0M/m² | ¥478k/m² |
| 22 | ¥1.0M/m² | ¥444k/m² |
| 23 | ¥964k/m² | ¥500k/m² |
| 24 | ¥967k/m² | ¥441k/m² |
| 25 | ¥919k/m² | ¥430k/m² |
| 26 | ¥846k/m² | ¥430k/m² |
| 27 | ¥783k/m² | ¥418k/m² |
| 28 | ¥760k/m² | ¥406k/m² |
| 29 | ¥733k/m² | ¥371k/m² |
| 30 | ¥672k/m² | ¥464k/m² |
| 31 | ¥667k/m² | ¥392k/m² |
| 32 | ¥653k/m² | ¥393k/m² |
| 33 | ¥613k/m² | ¥386k/m² |
| 34 | ¥600k/m² | ¥413k/m² |
| 35 | ¥600k/m² | ¥373k/m² |
| 36 | ¥625k/m² | ¥414k/m² |
| 37 | ¥631k/m² | ¥410k/m² |
| 38 | ¥650k/m² | ¥400k/m² |
| 39 | ¥667k/m² | ¥409k/m² |
| 40 | ¥700k/m² | ¥365k/m² |
| 41 | ¥675k/m² | ¥365k/m² |
| 42 | ¥625k/m² | ¥367k/m² |
| 43 | ¥650k/m² | ¥387k/m² |
| 44 | ¥640k/m² | ¥392k/m² |
| 45 | ¥640k/m² | ¥379k/m² |
| 46 | ¥638k/m² | ¥340k/m² |
| 47 | ¥567k/m² | ¥354k/m² |
| 48 | ¥527k/m² | ¥360k/m² |
| 49 | ¥525k/m² | ¥400k/m² |
| 50 | ¥583k/m² | ¥447k/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 | ¥362k/m² | ¥473k/m² | ¥950k/m² | – |
| 2006 | ¥400k/m² | ¥480k/m² | ¥950k/m² | – |
| 2007 | ¥400k/m² | ¥500k/m² | ¥925k/m² | – |
| 2008 | ¥400k/m² | ¥487k/m² | ¥800k/m² | – |
| 2009 | ¥375k/m² | ¥450k/m² | ¥750k/m² | – |
| 2010 | ¥400k/m² | ¥475k/m² | ¥785k/m² | ¥1.1M/m² |
| 2011 | ¥385k/m² | ¥467k/m² | ¥733k/m² | ¥960k/m² |
| 2012 | ¥363k/m² | ¥450k/m² | ¥673k/m² | ¥900k/m² |
| 2013 | ¥400k/m² | ¥460k/m² | ¥700k/m² | ¥925k/m² |
| 2014 | ¥400k/m² | ¥495k/m² | ¥754k/m² | ¥960k/m² |
| 2015 | ¥429k/m² | ¥533k/m² | ¥830k/m² | ¥1.0M/m² |
| 2016 | ¥491k/m² | ¥574k/m² | ¥850k/m² | ¥1.0M/m² |
| 2017 | ¥489k/m² | ¥600k/m² | ¥889k/m² | ¥1.0M/m² |
| 2018 | ¥500k/m² | ¥600k/m² | ¥906k/m² | ¥1.0M/m² |
| 2019 | ¥500k/m² | ¥600k/m² | ¥950k/m² | ¥1.1M/m² |
| 2020 | ¥538k/m² | ¥627k/m² | ¥960k/m² | ¥1.1M/m² |
| 2021 | ¥556k/m² | ¥667k/m² | ¥1.0M/m² | ¥1.1M/m² |
| 2022 | ¥585k/m² | ¥705k/m² | ¥1.0M/m² | ¥1.1M/m² |
| 2023 | ¥600k/m² | ¥727k/m² | ¥1.1M/m² | ¥1.1M/m² |
| 2024 | ¥618k/m² | ¥750k/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2025 | ¥640k/m² | ¥800k/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2026 (partial) | ¥680k/m² | ¥855k/m² | ¥1.2M/m² | ¥1.3M/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 | ¥347k/m² | ¥406k/m² | ¥544k/m² | – |
| 2006 | ¥362k/m² | ¥435k/m² | ¥550k/m² | – |
| 2007 | ¥371k/m² | ¥406k/m² | ¥519k/m² | – |
| 2008 | ¥320k/m² | ¥382k/m² | ¥490k/m² | – |
| 2009 | ¥286k/m² | ¥322k/m² | ¥470k/m² | – |
| 2010 | ¥283k/m² | ¥326k/m² | ¥463k/m² | ¥516k/m² |
| 2011 | ¥290k/m² | ¥324k/m² | ¥465k/m² | ¥467k/m² |
| 2012 | ¥267k/m² | ¥310k/m² | ¥419k/m² | ¥459k/m² |
| 2013 | ¥284k/m² | ¥320k/m² | ¥432k/m² | ¥463k/m² |
| 2014 | ¥285k/m² | ¥331k/m² | ¥435k/m² | ¥467k/m² |
| 2015 | ¥300k/m² | ¥340k/m² | ¥453k/m² | ¥480k/m² |
| 2016 | ¥308k/m² | ¥341k/m² | ¥471k/m² | ¥500k/m² |
| 2017 | ¥317k/m² | ¥368k/m² | ¥470k/m² | ¥510k/m² |
| 2018 | ¥340k/m² | ¥365k/m² | ¥464k/m² | ¥526k/m² |
| 2019 | ¥323k/m² | ¥372k/m² | ¥481k/m² | ¥541k/m² |
| 2020 | ¥300k/m² | ¥352k/m² | ¥443k/m² | ¥529k/m² |
| 2021 | ¥325k/m² | ¥367k/m² | ¥480k/m² | ¥575k/m² |
| 2022 | ¥365k/m² | ¥400k/m² | ¥505k/m² | ¥617k/m² |
| 2023 | ¥376k/m² | ¥410k/m² | ¥543k/m² | ¥663k/m² |
| 2024 | ¥385k/m² | ¥425k/m² | ¥529k/m² | ¥647k/m² |
| 2025 | ¥442k/m² | ¥433k/m² | ¥529k/m² | ¥677k/m² |
| 2026 (partial) | ¥394k/m² | ¥435k/m² | ¥600k/m² | ¥720k/m² |
Prices by area in Tokyo
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Minato Ward | ¥2.0M/m² | ¥90.0M | ¥640M | ¥3.5M/m² | +54.1% |
| Chiyoda Ward | ¥1.6M/m² | ¥50.0M | ¥530M | – | +33.3% |
| Chuo Ward | ¥1.6M/m² | ¥72.5M | ¥400M | – | +50.0% |
| Shibuya Ward | ¥1.6M/m² | ¥63.0M | ¥400M | ¥1.9M/m² | +33.3% |
| Meguro Ward | ¥1.4M/m² | ¥58.0M | ¥170M | ¥1.3M/m² | +33.3% |
| Shinjuku Ward | ¥1.4M/m² | ¥43.0M | ¥180M | ¥1.3M/m² | +27.3% |
| Shinagawa Ward | ¥1.4M/m² | ¥40.0M | ¥110M | ¥1.1M/m² | +29.9% |
| Bunkyo Ward | ¥1.3M/m² | ¥49.0M | ¥155M | ¥1.5M/m² | +26.0% |
| Toshima Ward | ¥1.3M/m² | ¥34.0M | ¥105M | ¥920k/m² | +25.0% |
| Taito Ward | ¥1.2M/m² | ¥40.0M | ¥180M | ¥1.8M/m² | +29.2% |
| Koto Ward | ¥1.2M/m² | ¥40.0M | ¥68.5M | ¥965k/m² | +40.0% |
| Nakano Ward | ¥1.1M/m² | ¥37.0M | ¥92.0M | ¥820k/m² | +22.4% |
| Sumida Ward | ¥1.1M/m² | ¥32.0M | ¥95.0M | ¥940k/m² | +27.3% |
| Setagaya Ward | ¥1.1M/m² | ¥53.0M | ¥110M | ¥920k/m² | +27.7% |
| Suginami Ward | ¥1.1M/m² | ¥37.0M | ¥90.0M | ¥760k/m² | +21.4% |
| Musashino City | ¥1.1M/m² | ¥66.0M | ¥89.0M | ¥690k/m² | +39.9% |
| Kita Ward | ¥1.0M/m² | ¥36.0M | ¥64.0M | ¥650k/m² | +38.7% |
| Ota Ward | ¥1.0M/m² | ¥31.0M | ¥80.0M | ¥700k/m² | +21.0% |
| Mitaka City | ¥933k/m² | ¥55.0M | ¥70.0M | ¥495k/m² | +41.7% |
| Arakawa Ward | ¥923k/m² | ¥45.0M | ¥65.0M | ¥640k/m² | +37.2% |
| Nerima Ward | ¥920k/m² | ¥29.0M | ¥70.0M | ¥520k/m² | +28.8% |
| Itabashi Ward | ¥882k/m² | ¥28.0M | ¥69.0M | ¥580k/m² | +34.8% |
| Koganei City | ¥861k/m² | ¥48.5M | ¥73.0M | ¥510k/m² | +46.5% |
| Kokubunji City | ¥821k/m² | ¥48.0M | ¥60.0M | ¥380k/m² | +44.2% |
| Chofu City | ¥786k/m² | ¥45.0M | ¥57.0M | ¥410k/m² | +45.9% |
| Komae City | ¥754k/m² | ¥39.0M | ¥62.0M | ¥350k/m² | +33.8% |
| Edogawa Ward | ¥696k/m² | ¥43.0M | ¥55.0M | ¥455k/m² | +37.1% |
| Katsushika Ward | ¥692k/m² | ¥29.0M | ¥50.0M | ¥430k/m² | +42.5% |
| Fuchu City | ¥677k/m² | ¥37.0M | ¥50.0M | ¥335k/m² | +38.9% |
| Kunitachi City | ¥667k/m² | ¥40.0M | ¥60.0M | ¥385k/m² | +17.6% |
| Adachi Ward | ¥625k/m² | ¥29.0M | ¥50.0M | ¥360k/m² | +30.8% |
| Nishitokyo City | ¥600k/m² | ¥37.0M | ¥55.0M | ¥325k/m² | +29.9% |
| Tachikawa City | ¥550k/m² | ¥23.0M | ¥45.0M | ¥240k/m² | +46.7% |
| Kodaira City | ¥510k/m² | ¥35.0M | ¥48.5M | ¥280k/m² | +27.5% |
| Machida City | ¥482k/m² | ¥31.0M | ¥43.0M | ¥190k/m² | +28.0% |
| Higashimurayama City | ¥439k/m² | ¥27.5M | ¥40.0M | ¥210k/m² | +33.5% |
| Kiyose City | ¥437k/m² | ¥27.5M | ¥49.5M | ¥230k/m² | +3.4% |
| Akishima City | ¥433k/m² | ¥29.0M | ¥39.0M | ¥210k/m² | +41.2% |
| Inagi City | ¥389k/m² | ¥29.0M | ¥49.0M | ¥250k/m² | +11.1% |
| Hino City | ¥386k/m² | ¥25.0M | ¥46.5M | ¥240k/m² | +22.6% |
| Higashiyamato City | ¥383k/m² | ¥28.0M | ¥35.0M | ¥180k/m² | +21.1% |
| Hachioji City | ¥380k/m² | ¥23.0M | ¥34.0M | ¥130k/m² | +30.0% |
| Tama City | ¥371k/m² | ¥26.0M | ¥49.0M | ¥205k/m² | +34.7% |
| Higashikurume City | ¥311k/m² | ¥19.0M | ¥44.0M | ¥240k/m² | +40.8% |
| Fussa City | ¥292k/m² | ¥15.0M | ¥37.0M | ¥150k/m² | +13.7% |
| Musashimurayama City | – | – | ¥29.5M | ¥130k/m² | – |
| Mizuho Town, Nishitama County | – | – | ¥27.0M | ¥91k/m² | – |
| Hamura City | ¥239k/m² | ¥13.5M | ¥30.0M | ¥150k/m² | – |
| Akiruno City | – | – | ¥26.0M | ¥96k/m² | – |
| Oume City | ¥200k/m² | ¥9.9M | ¥24.0M | ¥92k/m² | +31.6% |
Prices near train stations in Tokyo
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 |
|---|---|---|---|---|---|
| Hachioji (八王子) | ¥27.0M | ¥538k/m² | ¥28.0M | 11 | 762 |
| Shin Koiwa (新小岩) | ¥34.0M | ¥667k/m² | ¥48.0M | 15 | 585 |
| Kachidoki (勝どき) | ¥96.5M | ¥1.6M/m² | – | 6 | 538 |
| Mitaka (三鷹) | ¥57.0M | ¥971k/m² | ¥80.0M | 13 | 527 |
| Omori(Tokyo) (大森(東京)) | ¥32.0M | ¥1.0M/m² | ¥89.0M | 8 | 522 |
| Oizumi Gakuen (大泉学園) | ¥33.0M | ¥742k/m² | ¥56.0M | 14 | 510 |
| Kameido (亀戸) | ¥29.0M | ¥1.0M/m² | ¥69.0M | 8 | 499 |
| Ryogoku (両国) | ¥29.0M | ¥1.1M/m² | ¥215M | 6 | 471 |
| Ogikubo (荻窪) | ¥32.0M | ¥1.0M/m² | ¥90.0M | 10 | 471 |
| Musashi Koganei (武蔵小金井) | ¥42.0M | ¥748k/m² | ¥61.0M | 13 | 449 |
| Kanamachi (金町) | ¥30.0M | ¥600k/m² | ¥42.0M | 12 | 439 |
| Machida (町田) | ¥30.0M | ¥586k/m² | ¥44.5M | 12 | 416 |
| Kamata(Tokyo) (蒲田) | ¥28.0M | ¥1.0M/m² | ¥68.0M | 7 | 410 |
| Musashi Seki (武蔵関) | ¥25.0M | ¥800k/m² | ¥67.0M | 8 | 406 |
| Tachikawa (立川) | ¥26.0M | ¥950k/m² | ¥55.0M | 10 | 402 |
Used condo prices by layout in Tokyo
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥24.0M | 20 m² | 14917 |
| 3LDK | ¥53.0M | 70 m² | 12096 |
| 2LDK | ¥57.0M | 55 m² | 8629 |
| 1LDK | ¥45.0M | 40 m² | 4926 |
| 1DK | ¥31.0M | 30 m² | 2206 |
| 2DK | ¥31.0M | 45 m² | 1468 |
| 4LDK | ¥53.0M | 85 m² | 1039 |
| 1R | ¥14.0M | 15 m² | 699 |
How much does an apartment cost in Tokyo?
The median used condo (mansion) in Tokyo sold for ¥37.0M in 2025, about ¥1.1M/m², based on 16915 recorded sales.
How much does a house cost in Tokyo?
The median house sale, including the land, was ¥63.0M in 2025 across 10954 sales.
Are property prices in Tokyo going up?
Over the five years to 2025, condo prices per m² changed +26.5% and residential land prices changed +33.3%.
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.