Roppongi, Minato, Tokyo
Photo: Roppongi, Minato, Tokyo · Takashi Miyazaki / Unsplash

Katsushika Ward Housing Market 2026: Cheap, Growing, and the Deepest Flood Risk in Tokyo

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 975

In short

  1. 1
    Low prices, rising faster

    Condos in Katsushika cost about ¥0.69M per m², about 0.6 times the Tokyo average and 22nd among the 23 wards.

  2. 2
    Families buy here

    The most traded home is a 65 m² 3LDK at about ¥39M, and almost 40% of condo sales are family-sized.

  3. 3
    The deepest flood exposure of all the wards

    Every benchmark site in Katsushika is inside the worst-case flood zone, and about 68% are in zones of 3 m or deeper, the highest share of the 23 wards.

The answers, compared

What does a home cost?

¥29.0M

median used condo · ¥692k/m²

36% below the Tokyo median

28 of 47 areas in Tokyo, highest first

Are prices rising?

+42.5%

over 5 years

Faster than Tokyo (+26.5%)

7 of 50 areas in Tokyo, highest first

Can local earners afford it?

7.3× income

median price ÷ average taxable income

Harder than Tokyo (6.8×)

25 of 50 areas in Tokyo, highest first

Rent or buy?

35years of rent

median price ÷ a year of median rent

Shorter than Tokyo (39)

36 of 50 areas in Tokyo, highest first

Are people moving in?

+3.2%

population, 2020–25

Faster than Tokyo (+1.4%)

10 of 50 areas in Tokyo, highest first

How risky is it?

77%

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

Higher than Tokyo (53%)

5 of 50 areas in Tokyo, highest first

Rent in Katsushika Ward

The average private rental costs ¥74k a month (2023), +2.5% since 2018. Tokyo: ¥95k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥61k
vs 2018 +7.8% · Tokyo: ¥70k
30–49 m²
1LDK / 2DK
¥75k
vs 2018 +3.5% · Tokyo: ¥99k
50–69 m²
2LDK / 3DK
¥93k
vs 2018 +0.9% · Tokyo: ¥126k
70–99 m²
3LDK / family
¥102k
vs 2018 -0.3% · Tokyo: ¥155k
100–149 m²
mostly houses
¥70k
vs 2018 -18.7% · Tokyo: ¥191k
150 m² +
mostly houses
¥75k
vs 2018 -22.9% · Tokyo: ¥271k
Rent per m²
¥2,255
median, per month · Tokyo: ¥2,800
The median used condo (¥29.0M, 45 m²) costs about 32 years of average rent for a similar-sized home (¥75k 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. 73,410 rented homes.

Low prices, rising faster

Condos in Katsushika cost about ¥0.69M per m², about 0.6 times the Tokyo average and 22nd among the 23 wards. The median condo sold for about ¥29M. Prices per m² rose about 7% a year over the past five years, faster than the five years before. Benchmark residential land rose only 5.5% in the past year, the slowest of the wards.

Growing population

Katsushika grew 3.2% between 2020 and 2025, and households grew 9%. More people moved in from the rest of Japan than left.

Families buy here

The most traded home is a 65 m² 3LDK at about ¥39M, and almost 40% of condo sales are family-sized. Kameari and Shin-Koiwa are the priciest busy stations at about ¥0.7–0.8M per m². Kanamachi, the busiest, sells at about ¥0.6M. Condos lose value fast: half the price is gone by about 25 years old.

The deepest flood exposure of all the wards

Every benchmark site in Katsushika is inside the worst-case flood zone, and about 68% are in zones of 3 m or deeper, the highest share of the 23 wards. The ward lies between the Arakawa, Nakagawa and Edogawa rivers. Earthquake probability is also high, about 77% for 6-lower in 30 years.

Yields

A median condo costs about 35 years of median rent, better than the Tokyo average.

Living in Katsushika Ward: people, homes and risks

Population 2025
467,614
+3.2% since 2020
Tokyo: +1.4%
Net moves in 2025
+1,705
+3.65 per 1,000 residents
Tokyo: +4.58
Vacant homes (2023)
11.8%
2.4% empty and not for rent or sale
Tokyo: 10.9%
Median rent (2023)
¥69k
per month, all rented homes
Tokyo: ¥78k
Strong earthquake risk
77.1%
chance of shaking of intensity 6-lower or more within 30 years
Tokyo: 52.8%
Reported crime
7.1
per 1,000 residents in 2025 (3,309 crimes recorded by the Tokyo police)
Tokyo: 6.9
Average income per taxpayer
¥4.0M
taxable income in 2023
Tokyo: ¥5.4M
Daytime population
83
people here by day per 100 residents (2020 census)
Foreign residents
6.3%
29,664 registered residents in 2024
Tokyo: 5.2%
Clinics
7.7
per 10,000 residents; 22 hospitals, 277 dental clinics (2020)
Tokyo: 9.8
Official land price 2026
¥392k/m²
+5.4% in a year · +20.4% in 5 years
Tokyo: ¥407k/m²
Flood exposure
100.0%
of 63 benchmark sites in a worst-case flood zone (68.3% 3 m or deeper)
Tokyo: 42.5%
Landslide exposure
0.0%
of 63 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 Katsushika 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 Q1

¥20.0M

¥1.0M/m²

  • Kameari
  • Kameari · 8 min walk
  • 1K · 20 m²
  • Built 2007 (19 yrs) · RC
Typical2026 Q2

¥31.0M

¥564k/m²

  • Higashitateishi
  • Keisei Tateishi · 13 min walk
  • 3LDK · 55 m²
  • Built 1991 (35 yrs) · RC
Higher-priced2026 Q2

¥48.0M

¥800k/m²

  • Horikiri
  • Horikirishobuen · 3 min walk
  • 3LDK · 60 m²
  • Built 2015 (11 yrs) · RC

House

Lower-priced2026 Q1

¥30.0M

¥429k/m²

  • Takasago
  • Keisei Takasago · 7 min walk
  • Land 70 m² · floor 70 m²
  • Built 1993 (33 yrs) · Wood
Typical2026 Q2

¥51.0M

¥600k/m²

  • Kosuge
  • Horikirishobuen · 10 min walk
  • Land 65 m² · floor 85 m²
  • Built 2015 (11 yrs) · Wood
Higher-priced2025 Q4

¥87.0M

¥621k/m²

  • Kameari
  • Kameari · 5 min walk
  • Land 105 m² · floor 140 m²
  • Built 1977 (48 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥14.0M¥37.0M
2006¥16.0M¥36.0M
2007¥20.0M¥39.0M
2008¥19.0M¥38.0M
2009¥20.0M¥35.0M
2010¥21.0M¥36.0M
2011¥20.0M¥36.0M
2012¥20.0M¥35.0M
2013¥19.0M¥35.0M
2014¥18.0M¥35.0M
2015¥20.0M¥36.0M
2016¥23.0M¥36.0M
2017¥22.5M¥39.0M
2018¥22.5M¥40.0M
2019¥25.5M¥38.5M
2020¥24.0M¥40.0M
2021¥27.0M¥42.0M
2022¥27.0M¥44.0M
2023¥27.5M¥47.0M
2024¥26.0M¥47.0M
2025¥29.0M¥50.0M
2026 (partial)¥32.5M¥47.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 22% 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¥200k¥400k¥600k¥800k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥307k/m²¥373k/m²¥290k/m²
2006¥317k/m²¥389k/m²¥300k/m²
2007¥385k/m²¥410k/m²¥310k/m²
2008¥369k/m²¥400k/m²¥310k/m²
2009¥333k/m²¥385k/m²¥270k/m²
2010¥375k/m²¥389k/m²¥255k/m²
2011¥360k/m²¥388k/m²¥240k/m²
2012¥354k/m²¥368k/m²¥240k/m²
2013¥354k/m²¥367k/m²¥260k/m²
2014¥352k/m²¥368k/m²¥260k/m²
2015¥375k/m²¥375k/m²¥260k/m²
2016¥436k/m²¥379k/m²¥290k/m²
2017¥435k/m²¥410k/m²¥300k/m²
2018¥457k/m²¥410k/m²¥300k/m²
2019¥462k/m²¥429k/m²¥310k/m²
2020¥486k/m²¥433k/m²¥300k/m²
2021¥520k/m²¥441k/m²¥320k/m²
2022¥540k/m²¥471k/m²¥350k/m²
2023¥570k/m²¥502k/m²¥325k/m²
2024¥631k/m²¥500k/m²¥365k/m²
2025¥692k/m²¥533k/m²¥430k/m²
2026 (partial)¥760k/m²¥482k/m²¥375k/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 7 years old and half by around 25. 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 10 years — House prices per m² drop about 21% from new by age 10, 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¥1.4M/m²¥543k/m²
1¥1.4M/m²¥516k/m²
2¥1.2M/m²¥528k/m²
3¥1.1M/m²¥500k/m²
4¥1.1M/m²¥600k/m²
5¥769k/m²¥543k/m²
6¥826k/m²¥513k/m²
7¥780k/m²¥515k/m²
8¥848k/m²¥452k/m²
9¥739k/m²¥420k/m²
10¥640k/m²¥413k/m²
11¥720k/m²¥378k/m²
12¥766k/m²¥471k/m²
13¥670k/m²¥425k/m²
14¥747k/m²¥373k/m²
15¥692k/m²¥450k/m²
16¥607k/m²¥373k/m²
17¥663k/m²¥433k/m²
18¥615k/m²¥461k/m²
19¥582k/m²¥389k/m²
20¥573k/m²¥353k/m²
21¥546k/m²¥376k/m²
22¥600k/m²¥390k/m²
23¥600k/m²¥412k/m²
24¥527k/m²¥329k/m²
25¥578k/m²¥343k/m²
26¥505k/m²–
27¥500k/m²¥295k/m²
28¥500k/m²¥267k/m²
29¥550k/m²¥301k/m²
30¥496k/m²¥300k/m²
31¥473k/m²¥294k/m²
32¥455k/m²¥292k/m²
33¥413k/m²¥300k/m²
34¥444k/m²¥250k/m²
35¥429k/m²¥280k/m²
36¥421k/m²¥308k/m²
37¥443k/m²¥309k/m²
38¥400k/m²¥325k/m²
39¥455k/m²¥285k/m²
40¥447k/m²¥244k/m²
41¥392k/m²¥337k/m²
42¥440k/m²¥249k/m²
43¥418k/m²¥289k/m²
44¥378k/m²¥300k/m²
45¥335k/m²¥278k/m²
46¥415k/m²¥329k/m²
47¥314k/m²¥267k/m²
48¥357k/m²¥248k/m²
49–¥263k/m²
50¥366k/m²¥300k/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 4.1% a year), so in this market location matters more than building age. Pre-1981 buildings, built before the current earthquake standard, trade about 26% below 1980s–90s buildings.
¥0¥500k¥1.0M20052008201120142017202020232026

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–¥300k/m²––
2006¥229k/m²¥311k/m²¥459k/m²–
2007–¥327k/m²¥677k/m²–
2008¥257k/m²¥320k/m²¥513k/m²–
2009–¥313k/m²¥422k/m²–
2010¥300k/m²¥333k/m²¥500k/m²–
2011¥291k/m²¥313k/m²¥445k/m²–
2012–¥312k/m²¥457k/m²¥545k/m²
2013–¥300k/m²¥436k/m²¥567k/m²
2014¥260k/m²¥327k/m²¥441k/m²–
2015¥250k/m²¥338k/m²¥453k/m²¥592k/m²
2016¥324k/m²¥385k/m²¥507k/m²¥586k/m²
2017¥367k/m²¥400k/m²¥477k/m²¥650k/m²
2018¥320k/m²¥393k/m²¥567k/m²¥700k/m²
2019¥333k/m²¥418k/m²¥550k/m²¥631k/m²
2020¥362k/m²¥400k/m²¥557k/m²¥694k/m²
2021¥400k/m²¥438k/m²¥582k/m²¥677k/m²
2022¥400k/m²¥445k/m²¥636k/m²¥717k/m²
2023¥400k/m²¥480k/m²¥643k/m²¥793k/m²
2024¥333k/m²¥448k/m²¥643k/m²¥900k/m²
2025¥378k/m²¥511k/m²¥700k/m²¥1.0M/m²
2026 (partial)–¥550k/m²¥783k/m²¥886k/m²
House price per m² by construction period
¥0¥200k¥400k¥600k20052008201120142017202020232026

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–¥300k/m²¥431k/m²–
2006¥235k/m²¥282k/m²¥425k/m²–
2007¥287k/m²¥300k/m²¥442k/m²–
2008¥267k/m²¥292k/m²¥433k/m²–
2009¥236k/m²¥260k/m²¥411k/m²–
2010¥220k/m²¥244k/m²¥413k/m²–
2011¥229k/m²¥248k/m²¥367k/m²¥411k/m²
2012¥186k/m²¥231k/m²¥326k/m²¥400k/m²
2013¥216k/m²¥238k/m²¥301k/m²¥400k/m²
2014¥192k/m²¥220k/m²¥333k/m²¥411k/m²
2015¥200k/m²¥237k/m²¥318k/m²¥420k/m²
2016¥233k/m²¥250k/m²¥338k/m²¥429k/m²
2017¥225k/m²¥313k/m²–¥450k/m²
2018¥238k/m²¥272k/m²¥330k/m²¥462k/m²
2019¥247k/m²¥278k/m²¥306k/m²¥460k/m²
2020¥250k/m²¥271k/m²¥355k/m²¥463k/m²
2021¥244k/m²¥296k/m²¥319k/m²¥458k/m²
2022¥231k/m²¥302k/m²¥373k/m²¥473k/m²
2023¥270k/m²¥297k/m²¥433k/m²¥500k/m²
2024¥322k/m²¥316k/m²¥422k/m²¥503k/m²
2025¥326k/m²¥333k/m²¥476k/m²¥529k/m²
2026 (partial)–¥248k/m²––

Prices near train stations in Katsushika 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)
Kanamachi (金町)¥30.0M¥600k/m²¥42.0M1243995,976-7% vs 2019
Shin Koiwa (新小岩)¥30.0M¥725k/m²¥52.5M10316141,472-8% vs 2019
Ohanajaya (お花茶屋)¥27.0M¥538k/m²¥50.5M927731,424-8% vs 2019
Kameari (亀有)¥30.5M¥771k/m²¥48.0M822677,840-9% vs 2019
Keisei Tateishi (京成立石)¥25.0M¥600k/m²¥47.0M921733,675-14% vs 2019
Aoto (青砥)¥29.5M¥710k/m²¥50.0M1018946,937-8% vs 2019
Horikirishobuen (堀切菖蒲園)¥26.0M¥650k/m²¥46.0M917621,209-6% vs 2019
Yotsugi (四ツ木)¥32.0M¥582k/m²¥52.0M914617,398+2% vs 2019
Keisei Takasago (京成高砂)¥25.0M¥500k/m²¥44.0M812597,368-9% vs 2019
Ayase (綾瀬)¥27.0M¥867k/m²¥52.0M1194372,622-18% vs 2019
Shibamata (柴又)¥25.0M¥500k/m²¥50.0M7738,453-12% vs 2019
Shin Shibamata (新柴又)¥25.5M¥485k/m²¥49.0M5705,070+4% vs 2019
Keisei Koiwa (京成小岩)¥22.0M¥1.1M/m²¥45.0M95317,629-6% vs 2019
Koiwa (小岩)¥21.0M¥471k/m²¥52.0M1851116,612-12% vs 2019

Used condo prices by layout in Katsushika Ward

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥39.0M65 m²392
1K¥23.0M20 m²330
2LDK¥29.0M50 m²208
1LDK¥21.0M40 m²55
2DK¥19.0M45 m²49
4LDK¥52.5M80 m²38
1DK¥19.0M25 m²33
3DK¥18.0M50 m²25

How much does an apartment cost in Katsushika Ward?

The median used condo (mansion) in Katsushika Ward sold for ¥29.0M in 2025, about ¥692k/m², based on 407 recorded sales.

How much does a house cost in Katsushika Ward?

The median house sale, including the land, was ¥50.0M in 2025 across 415 sales.

Are property prices in Katsushika Ward going up?

Over the five years to 2025, condo prices per m² changed +42.5% and residential land prices changed +43.3%.

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.