Roppongi, Minato, Tokyo
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Itabashi Ward Housing Market 2026: Affordable Studios and Family Flats in North Tokyo

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 1,423

In short

  1. 1
    A cheaper ward that people move to

    Condos in Itabashi cost about ¥0.9M per m², about 0.8 times the Tokyo average and 20th among the 23 wards.

  2. 2
    Two kinds of buyer

    Almost half of condo sales are 25 m² 1K units at about ¥23M, many bought as rentals.

  3. 3
    Station distance is a big deal

    Condos within 5 minutes of a station sell for about 34% more per m² than those 11–15 minutes away, the third biggest gap among the wards.

  4. 4
    Flood risk in the north

    About 40% of benchmark sites are in a flood zone, and about one in five is in a zone of 3 m or deeper.

The answers, compared

What does a home cost?

¥28.0M

median used condo · ¥882k/m²

18% below the Tokyo median

22 of 47 areas in Tokyo, highest first

Are prices rising?

+34.8%

over 5 years

Faster than Tokyo (+26.5%)

17 of 50 areas in Tokyo, highest first

Can local earners afford it?

6.6× income

median price ÷ average taxable income

In line with Tokyo (6.8×)

33 of 50 areas in Tokyo, highest first

Rent or buy?

32years of rent

median price ÷ a year of median rent

Shorter than Tokyo (39)

43 of 50 areas in Tokyo, highest first

Are people moving in?

+1.8%

population, 2020–25

In line with Tokyo (+1.4%)

16 of 50 areas in Tokyo, highest first

How risky is it?

54%

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

In line with Tokyo (53%)

12 of 50 areas in Tokyo, highest first

Rent in Itabashi Ward

The average private rental costs ¥78k a month (2023), +5.7% since 2018. Tokyo: ¥95k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥64k
vs 2018 +5.3% · Tokyo: ¥70k
30–49 m²
1LDK / 2DK
¥85k
vs 2018 +7.8% · Tokyo: ¥99k
50–69 m²
2LDK / 3DK
¥111k
vs 2018 +13.9% · Tokyo: ¥126k
70–99 m²
3LDK / family
¥122k
vs 2018 +8.9% · Tokyo: ¥155k
100–149 m²
mostly houses
¥98k
vs 2018 -10.3% · Tokyo: ¥191k
150 m² +
mostly houses
¥83k
vs 2018 -45.4% · Tokyo: ¥271k
Rent per m²
¥2,637
median, per month · Tokyo: ¥2,800
The median used condo (¥28.0M, 40 m²) costs about 27 years of average rent for a similar-sized home (¥85k 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. 139,560 rented homes.

A cheaper ward that people move to

Condos in Itabashi cost about ¥0.9M per m², about 0.8 times the Tokyo average and 20th among the 23 wards. The median condo sold for about ¥28M. In 2025 about 3,900 more people moved in from the rest of Japan than left, sixth among the wards, and households grew 5.5% between 2020 and 2025.

Steady growth

Condo prices per m² have risen about 6% a year for the past five years, the same pace as before. Benchmark residential land rose about 8% in the past year.

Two kinds of buyer

Almost half of condo sales are 25 m² 1K units at about ¥23M, many bought as rentals. 3LDKs at about ¥47M are the second most traded, and more than a quarter of sales are family-sized. A median condo costs about 32 years of median rent, one of the better ratios among the wards.

Station distance is a big deal

Condos within 5 minutes of a station sell for about 34% more per m² than those 11–15 minutes away, the third biggest gap among the wards. The Mita line stations in the north, such as Shimura-Sanchome and Hasune, are much cheaper (about ¥0.65–0.8M per m²) than Itabashikuyakushomae and Oyama on the south side (about ¥1.0M).

Flood risk in the north

About 40% of benchmark sites are in a flood zone, and about one in five is in a zone of 3 m or deeper. These are in the Takashimadaira and Shimura lowlands along the Arakawa river. The hills of the south are safer. Earthquake probability is near the ward average.

Living in Itabashi Ward: people, homes and risks

Population 2025
595,000
+1.8% since 2020
Tokyo: +1.4%
Net moves in 2025
+3,862
+6.49 per 1,000 residents
Tokyo: +4.58
Vacant homes (2023)
11.7%
2.8% empty and not for rent or sale
Tokyo: 10.9%
Median rent (2023)
¥73k
per month, all rented homes
Tokyo: ¥78k
Strong earthquake risk
54.3%
chance of shaking of intensity 6-lower or more within 30 years
Tokyo: 52.8%
Reported crime
5.9
per 1,000 residents in 2025 (3,492 crimes recorded by the Tokyo police)
Tokyo: 6.9
Average income per taxpayer
¥4.2M
taxable income in 2023
Tokyo: ¥5.4M
Daytime population
90
people here by day per 100 residents (2020 census)
Foreign residents
6.5%
37,481 registered residents in 2024
Tokyo: 5.2%
Clinics
6.5
per 10,000 residents; 40 hospitals, 349 dental clinics (2020)
Tokyo: 9.8
Official land price 2026
¥538k/m²
+8.3% in a year · +27.6% in 5 years
Tokyo: ¥407k/m²
Flood exposure
39.4%
of 66 benchmark sites in a worst-case flood zone (19.7% 3 m or deeper)
Tokyo: 42.5%
Landslide exposure
0.0%
of 66 benchmark sites in a landslide warning area
Tokyo: 0.8%

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 Itabashi Ward

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

Lower-priced2026 Q2

¥22.0M

¥1.1M/m²

  • Azusawa
  • Shimura Sakaue · 9 min walk
  • 1K · 20 m²
  • Built 2007 (19 yrs) · RC
Typical2026 Q1

¥29.0M

¥1.2M/m²

  • Itabashi
  • Itabashikuyakushomae · 8 min walk
  • 1K · 25 m²
  • Built 2013 (13 yrs) · RC
Higher-priced2026 Q2

¥51.0M

¥1.0M/m²

  • Funado
  • Ukimafunado · 8 min walk
  • 2LDK · 50 m²
  • Built 2017 (9 yrs) · RC

House

Lower-priced2026 Q1

¥38.0M

¥475k/m²

  • Akatsukashimmachi
  • Chikatetsu Akatsuka · 3 min walk
  • Land 125 m² · floor 80 m²
  • Built 1988 (38 yrs) · Wood
Typical2026 Q1

¥68.0M

¥648k/m²

  • Sakashita
  • Shimura Sanchome · 8 min walk
  • Land 70 m² · floor 105 m²
  • Built 2026 (0 yrs) · Wood
Higher-priced2025 Q4

¥130M

¥722k/m²

  • Nishidai
  • Tobu Nerima · 15 min walk
  • Land 120 m² · floor 180 m²
  • Built 2018 (7 yrs) · Steel
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M¥80.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥18.0M¥41.0M
2006¥21.0M¥45.0M
2007¥23.0M¥46.0M
2008¥23.0M¥43.0M
2009¥21.0M¥41.0M
2010¥23.0M¥43.0M
2011¥23.5M¥43.0M
2012¥23.0M¥40.0M
2013¥21.0M¥42.0M
2014¥24.0M¥43.0M
2015¥24.0M¥43.0M
2016¥24.0M¥47.0M
2017¥25.0M¥50.0M
2018¥25.0M¥53.0M
2019¥25.0M¥49.0M
2020¥24.0M¥50.0M
2021¥25.0M¥56.0M
2022¥24.0M¥58.0M
2023¥25.0M¥62.0M
2024¥27.0M¥64.0M
2025¥28.0M¥69.0M
2026 (partial)¥31.0M¥68.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 29% less than a m² of condo, even though the house price includes land. If you need room more than convenience, a house buys considerably more space. That gap has widened over the decade as condo prices pulled ahead.
¥0¥500k¥1.0M20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥357k/m²¥424k/m²¥350k/m²
2006¥418k/m²¥450k/m²¥380k/m²
2007¥492k/m²¥473k/m²¥420k/m²
2008¥480k/m²¥463k/m²¥380k/m²
2009¥463k/m²¥422k/m²¥290k/m²
2010¥487k/m²¥438k/m²¥340k/m²
2011¥460k/m²¥440k/m²¥340k/m²
2012¥443k/m²¥421k/m²¥330k/m²
2013¥432k/m²¥427k/m²¥340k/m²
2014¥467k/m²¥439k/m²¥350k/m²
2015¥517k/m²¥441k/m²¥370k/m²
2016¥557k/m²¥447k/m²¥410k/m²
2017¥600k/m²¥486k/m²¥420k/m²
2018¥600k/m²¥489k/m²¥420k/m²
2019¥640k/m²¥509k/m²¥400k/m²
2020¥655k/m²¥521k/m²¥430k/m²
2021¥750k/m²¥547k/m²¥480k/m²
2022¥800k/m²¥549k/m²¥530k/m²
2023¥800k/m²¥569k/m²¥520k/m²
2024¥844k/m²¥607k/m²¥570k/m²
2025¥882k/m²¥617k/m²¥580k/m²
2026 (partial)¥1.0M/m²¥588k/m²¥745k/m²
Price per m² by building age (2021–2025 sales)How condos age here — In recent sales, condos lose about a quarter of their per-m² value by around 21 years old and half by around 42. After about 25 years the decline nearly stops, so a well-maintained older condo holds its price. That makes 25–35-year-old buildings with sound repair funds a value sweet spot.Houses bottom out at around 25 years — House prices per m² drop about 39% from new by age 25, then flatten, because by then buyers are mostly paying for the land. A house older than that costs little more than its plot, a good option if you plan to renovate or rebuild.
¥0¥500k¥1.0M¥1.5M05101520253035404550
Show data table
Building age (years)CondoHouse
0¥1.2M/m²¥686k/m²
1¥1.1M/m²¥680k/m²
2¥1.1M/m²¥710k/m²
3¥1.0M/m²¥654k/m²
4¥1.0M/m²¥675k/m²
5¥960k/m²¥694k/m²
6¥1.0M/m²¥714k/m²
7¥960k/m²¥629k/m²
8¥920k/m²¥631k/m²
9¥920k/m²¥560k/m²
10¥920k/m²¥569k/m²
11¥920k/m²¥556k/m²
12¥920k/m²¥517k/m²
13¥950k/m²¥612k/m²
14¥900k/m²¥500k/m²
15¥927k/m²¥529k/m²
16¥943k/m²¥526k/m²
17¥867k/m²¥537k/m²
18¥800k/m²¥494k/m²
19¥778k/m²¥559k/m²
20¥787k/m²¥480k/m²
21¥714k/m²¥528k/m²
22¥707k/m²¥443k/m²
23¥728k/m²¥497k/m²
24¥723k/m²¥463k/m²
25¥700k/m²¥385k/m²
26¥667k/m²¥414k/m²
27¥640k/m²¥377k/m²
28¥600k/m²¥362k/m²
29¥635k/m²¥300k/m²
30¥580k/m²¥423k/m²
31¥636k/m²¥427k/m²
32¥572k/m²¥353k/m²
33¥545k/m²¥400k/m²
34¥520k/m²¥413k/m²
35¥550k/m²¥423k/m²
36¥537k/m²¥385k/m²
37¥550k/m²¥449k/m²
38¥584k/m²¥333k/m²
39¥600k/m²¥422k/m²
40¥600k/m²¥340k/m²
41¥560k/m²¥351k/m²
42¥483k/m²¥325k/m²
43¥474k/m²¥398k/m²
44¥500k/m²¥333k/m²
45¥500k/m²¥304k/m²
46¥457k/m²¥343k/m²
47¥444k/m²¥341k/m²
48¥380k/m²¥350k/m²
49¥371k/m²¥281k/m²
50¥364k/m²¥333k/m²
Condo price per m² by construction periodBuilding age matters less than location — Over the last decade, pre-1981 condos have appreciated at about the same pace as 2000s buildings (around 4.6% a year), so in this market location matters more than building age. Pre-1981 buildings, built before the current earthquake standard, trade about 29% below 1980s–90s buildings.
¥0¥500k¥1.0M¥1.5M20052008201120142017202020232026

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
Year1971-19801981-20002001-20102011-2020
2005¥275k/m²¥364k/m²¥767k/m²–
2006¥300k/m²¥383k/m²¥850k/m²–
2007¥345k/m²¥421k/m²¥950k/m²–
2008¥360k/m²¥420k/m²¥920k/m²–
2009¥291k/m²¥385k/m²¥800k/m²–
2010¥327k/m²¥414k/m²¥723k/m²–
2011¥324k/m²¥418k/m²¥550k/m²¥600k/m²
2012¥291k/m²¥400k/m²¥529k/m²¥775k/m²
2013¥280k/m²¥395k/m²¥548k/m²¥850k/m²
2014¥311k/m²¥433k/m²¥575k/m²¥714k/m²
2015¥320k/m²¥452k/m²¥600k/m²¥960k/m²
2016¥333k/m²¥477k/m²¥686k/m²¥880k/m²
2017¥333k/m²¥500k/m²¥693k/m²¥883k/m²
2018¥363k/m²¥513k/m²¥741k/m²¥843k/m²
2019¥367k/m²¥500k/m²¥800k/m²¥846k/m²
2020¥370k/m²¥520k/m²¥800k/m²¥880k/m²
2021¥400k/m²¥554k/m²¥840k/m²¥909k/m²
2022¥400k/m²¥567k/m²¥850k/m²¥880k/m²
2023¥427k/m²¥600k/m²¥860k/m²¥922k/m²
2024¥438k/m²¥633k/m²¥893k/m²¥1.0M/m²
2025¥475k/m²¥671k/m²¥954k/m²¥1.0M/m²
2026 (partial)¥513k/m²¥745k/m²¥1.0M/m²¥1.1M/m²
House price per m² by construction period
¥0¥200k¥400k¥600k¥800k20052007200920112013201520172019202120232025

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
Year1971-19801981-20002001-20102011-2020
2005–¥330k/m²¥475k/m²–
2006¥320k/m²¥351k/m²¥506k/m²–
2007¥358k/m²¥350k/m²¥518k/m²–
2008¥350k/m²¥362k/m²¥500k/m²–
2009¥267k/m²¥317k/m²¥462k/m²–
2010¥267k/m²¥293k/m²¥484k/m²¥516k/m²
2011¥255k/m²¥316k/m²¥478k/m²¥480k/m²
2012¥247k/m²¥251k/m²¥400k/m²¥462k/m²
2013¥231k/m²¥313k/m²¥440k/m²¥468k/m²
2014¥244k/m²¥338k/m²¥390k/m²¥500k/m²
2015¥268k/m²¥355k/m²¥464k/m²¥491k/m²
2016¥239k/m²¥307k/m²¥432k/m²¥535k/m²
2017¥268k/m²¥389k/m²¥412k/m²¥567k/m²
2018¥283k/m²¥360k/m²¥445k/m²¥581k/m²
2019¥266k/m²¥367k/m²¥435k/m²¥579k/m²
2020¥272k/m²¥324k/m²¥435k/m²¥562k/m²
2021¥276k/m²¥342k/m²¥478k/m²¥577k/m²
2022¥300k/m²¥356k/m²¥524k/m²¥626k/m²
2023¥352k/m²¥405k/m²¥529k/m²¥590k/m²
2024¥328k/m²¥400k/m²¥538k/m²¥682k/m²
2025¥320k/m²¥464k/m²¥553k/m²¥594k/m²

Prices near train stations in Itabashi Ward

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)SalesDaily passengers (2023)
Itabashihoncho (板橋本町)¥25.0M¥950k/m²¥66.0M530435,317-3% vs 2019
Tokiwadai(Tokyo) (ときわ台(東京))¥26.0M¥864k/m²¥70.0M827341,939-12% vs 2019
Oyama(Tokyo) (大山(東京))¥28.0M¥960k/m²¥81.0M727246,657-10% vs 2019
Itabashikuyakushomae (板橋区役所前)¥27.0M¥1.0M/m²¥75.0M626133,494-5% vs 2019
Kami Itabashi (上板橋)¥23.0M¥733k/m²¥63.5M825748,520-7% vs 2019
Shimura Sanchome (志村三丁目)¥31.0M¥645k/m²¥50.0M823529,443-10% vs 2019
Tobu Nerima (東武練馬)¥29.0M¥757k/m²¥53.0M1020854,406-10% vs 2019
Shimura Sakaue (志村坂上)¥30.5M¥800k/m²¥76.0M720528,843-7% vs 2019
Hasune (蓮根)¥27.0M¥800k/m²¥63.5M719718,624-4% vs 2019
Kotake Mukaihara (小竹向原)¥28.0M¥960k/m²¥77.5M9180301,371-11% vs 2019
Motohasunuma (本蓮沼)¥26.0M¥920k/m²¥63.0M616123,943-8% vs 2019
Naka Itabashi (中板橋)¥25.0M¥900k/m²¥67.0M815926,869-8% vs 2019
Takashimadaira (高島平)¥24.0M¥646k/m²¥59.5M714926,750-13% vs 2019
Narimasu (成増)¥41.0M¥830k/m²¥58.0M913551,425-12% vs 2019
Nishidai(Tokyo) (西台)¥23.0M¥664k/m²¥68.0M813524,284-10% vs 2019

Used condo prices by layout in Itabashi Ward

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
1K¥23.0M25 m²1095
3LDK¥47.0M65 m²631
2LDK¥36.0M55 m²379
1LDK¥30.0M40 m²144
1DK¥23.0M25 m²105
2DK¥20.0M40 m²73
4LDK¥58.5M85 m²42
1R¥10.9M15 m²34

How much does an apartment cost in Itabashi Ward?

The median used condo (mansion) in Itabashi Ward sold for ¥28.0M in 2025, about ¥882k/m², based on 871 recorded sales.

How much does a house cost in Itabashi Ward?

The median house sale, including the land, was ¥69.0M in 2025 across 380 sales.

Are property prices in Itabashi Ward going up?

Over the five years to 2025, condo prices per m² changed +34.8% and residential land prices changed +34.9%.

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.