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

Kodaira City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 349

In short

  1. 1
    Price growth is speeding up

    Condo values per m² have risen about 5.5% a year over the past five years, faster than the 3.3% a year of the five years before.

  2. 2
    Moving with Tokyo

    Per m², condos here are 50% below the Tokyo average.

  3. 3
    A modest station premium

    Condos within a 5-minute walk of a station sell for about 1% more per m² than those 11–15 minutes away.

  4. 4
    A family market

    77% of recent condo sales have three or more bedrooms.

The answers, compared

What does a home cost?

¥35.0M

median used condo · ¥510k/m²

53% below the Tokyo median

34 of 47 areas in Tokyo, highest first

Are prices rising?

+27.5%

over 5 years

Faster than Tokyo (+26.5%)

35 of 50 areas in Tokyo, highest first

Can local earners afford it?

8.0× income

median price ÷ average taxable income

Harder than Tokyo (6.8×)

15 of 50 areas in Tokyo, highest first

Rent or buy?

47years of rent

median price ÷ a year of median rent

Longer than Tokyo (39)

12 of 50 areas in Tokyo, highest first

Are people moving in?

-0.1%

population, 2020–25

Slower than Tokyo (+1.4%)

33 of 50 areas in Tokyo, highest first

How risky is it?

43%

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

Lower than Tokyo (53%)

30 of 50 areas in Tokyo, highest first

Rent in Kodaira City

The average private rental costs ¥70k a month (2023), +1.9% since 2018. Tokyo: ¥95k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥53k
vs 2018 +5.5% · Tokyo: ¥70k
30–49 m²
1LDK / 2DK
¥71k
vs 2018 +2.3% · Tokyo: ¥99k
50–69 m²
2LDK / 3DK
¥89k
vs 2018 +0.9% · Tokyo: ¥126k
70–99 m²
3LDK / family
¥108k
vs 2018 +4.9% · Tokyo: ¥155k
100–149 m²
mostly houses
¥97k
vs 2018 -3.1% · Tokyo: ¥191k
Rent per m²
¥2,045
median, per month · Tokyo: ¥2,800
The median used condo (¥35.0M, 65 m²) costs about 33 years of average rent for a similar-sized home (¥89k 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. 27,200 rented homes.

What the data says

Price growth is speeding up

Condo values per m² have risen about 5.5% a year over the past five years, faster than the 3.3% a year of the five years before. Buyers waiting for a dip have so far been paying more each year, and that has not yet changed.

Moving with Tokyo

Per m², condos here are 50% below the Tokyo average. That position has barely changed in ten years, so it moves with the wider market.

A modest station premium

Condos within a 5-minute walk of a station sell for about 1% more per m² than those 11–15 minutes away. The penalty for a longer walk is mild, so it is worth widening your search radius.

A family market

77% of recent condo sales have three or more bedrooms. Demand comes mainly from owner-occupier families, which tends to make prices steadier but rental yields lower.

Sales are thinning out

Transactions are down about 16% on the previous three years. Fewer sales mean less choice and slower resale, so allow more time to sell later.

What a typical purchase costs

Half of all condo sales last year were between ¥25.3M and ¥44.8M. Listings outside that range are either unusual properties or worth a closer look.

A stable population

The population was roughly stable between 2020 and 2025 (+1.4% for the wider area). More people moved in than out in 2025, a net gain of about 5.9 per 1,000 residents, so demand for homes is being topped up by newcomers.

Few abandoned homes

10.9% of homes were empty in 2023 (10.9% for the wider area), and 2.5% were empty without being for rent, for sale or used as second homes. Most empty homes here are rentals between tenants, not abandoned houses, a sign of a healthy market.

Buying vs renting

A median used condo costs about 46.7 years of the area's median rent (¥62k a month), compared with 39.4 years for the wider area. Prices are high relative to rents, so rental yields are thin and buyers are paying for expected growth. Rents here cover all rented homes, so treat this as a rough guide.

Moderate earthquake risk

The government's seismic model gives a 43% chance of shaking of intensity 6-lower or stronger in the next 30 years (53% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

Less reported crime than the Tokyo average

Police recorded 1,040 crimes in 2025, about 5.2 per 1,000 residents (Tokyo: 6.9). Most were thefts; bicycle theft alone was 40%, and there were 8 home burglaries. The total is down 0% on 2019.

A typical condo costs 8.0 years of local income

Taxpayers here reported an average taxable income of ¥4.4m in 2023 (¥5.4m for the wider area). That is +15% since 2014. The median resale condo sold for about 8.0 times that, against 6.8 times for the wider area. A higher multiple means prices lean more on buyers from outside the area or on two incomes. Averages are pulled up by a few very high earners, so a typical household earns less than this.

Official land prices are rising fast

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +3% in the year to January 2026 and +11% over five years. They are still 50% below their 1991 bubble-era level. 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 Kodaira City: people, homes and risks

Population 2025
198,491
-0.1% since 2020
Tokyo: +1.4%
Net moves in 2025
+1,167
+5.88 per 1,000 residents
Tokyo: +4.58
Vacant homes (2023)
10.9%
2.5% empty and not for rent or sale
Tokyo: 10.9%
Median rent (2023)
¥62k
per month, all rented homes
Tokyo: ¥78k
Strong earthquake risk
42.7%
chance of shaking of intensity 6-lower or more within 30 years
Tokyo: 52.8%
Reported crime
5.2
per 1,000 residents in 2025 (1,040 crimes recorded by the Tokyo police)
Tokyo: 6.9
Average income per taxpayer
¥4.4M
taxable income in 2023
Tokyo: ¥5.4M
Daytime population
89
people here by day per 100 residents (2020 census)
Foreign residents
3.2%
6,325 registered residents in 2024
Tokyo: 5.2%
Clinics
7.1
per 10,000 residents; 9 hospitals, 98 dental clinics (2020)
Tokyo: 9.8
Official land price 2026
¥255k/m²
+3.3% in a year · +11.1% in 5 years
Tokyo: ¥407k/m²
Flood exposure
16.7%
of 42 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Tokyo: 42.5%
Landslide exposure
0.0%
of 42 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 Kodaira 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

Lower-priced2025 Q3

¥22.0M

¥338k/m²

  • Tenjincho
  • Hana Koganei · 23 min walk
  • 2DK · 65 m²
  • Built 1991 (34 yrs)
Typical2025 Q4

¥35.0M

¥500k/m²

  • Meguritacho
  • Hitotsubashi Gakuen · 20 min walk
  • 3LDK · 70 m²
  • Built 2010 (15 yrs) · RC
Higher-priced2025 Q3

¥47.0M

¥723k/m²

  • Suzukicho
  • Hana Koganei · 8 min walk
  • 3LDK · 65 m²
  • Built 2017 (8 yrs) · RC

House

Lower-priced2025 Q4

¥39.0M

¥488k/m²

  • Onumacho
  • Kodaira · 18 min walk
  • Land 130 m² · floor 80 m²
  • Built 2025 (0 yrs) · Wood
Typical2025 Q4

¥50.0M

¥588k/m²

  • Suzukicho
  • Hana Koganei · 14 min walk
  • Land 115 m² · floor 85 m²
  • Built 2025 (0 yrs) · Wood
Higher-priced2025 Q3

¥61.0M

¥254k/m²

  • Gakuenhigashicho
  • Hitotsubashi Gakuen · 9 min walk
  • Land 320 m² · floor 240 m²
  • Built 1988 (37 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007¥25.0M¥42.5M
2008¥20.0M¥40.0M
2009¥26.0M¥38.0M
2010¥26.0M¥41.0M
2011¥30.0M¥41.0M
2012¥32.0M¥37.0M
2013¥22.0M¥37.0M
2014¥23.0M¥38.0M
2015¥22.0M¥40.0M
2016¥22.5M¥40.0M
2017¥23.5M¥40.0M
2018¥25.5M¥40.0M
2019¥25.0M¥41.0M
2020¥27.0M¥40.0M
2021¥30.0M¥43.0M
2022¥32.5M¥45.0M
2023¥33.5M¥50.0M
2024¥37.0M¥50.0M
2025¥35.0M¥48.5M
Median price per m² by yearHouses and condos cost about the same per m² — A m² of house floor costs roughly the same as a m² of condo, even though the house includes its land. That usually means land here is expensive, so a house is not a cheap way to get more space.
¥0¥200k¥400k¥600k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007¥433k/m²¥472k/m²¥270k/m²
2008¥364k/m²¥447k/m²¥260k/m²
2009¥380k/m²¥442k/m²¥240k/m²
2010¥373k/m²¥467k/m²¥210k/m²
2011¥453k/m²¥444k/m²¥220k/m²
2012¥453k/m²¥400k/m²¥220k/m²
2013¥379k/m²¥411k/m²¥210k/m²
2014¥333k/m²¥400k/m²¥210k/m²
2015¥345k/m²¥436k/m²¥205k/m²
2016¥350k/m²¥440k/m²¥220k/m²
2017¥378k/m²¥442k/m²¥210k/m²
2018¥407k/m²¥438k/m²¥200k/m²
2019¥400k/m²¥451k/m²¥210k/m²
2020¥400k/m²¥431k/m²¥230k/m²
2021¥453k/m²¥474k/m²¥240k/m²
2022¥502k/m²¥495k/m²¥260k/m²
2023¥507k/m²¥550k/m²¥260k/m²
2024¥536k/m²¥540k/m²¥270k/m²
2025¥510k/m²¥533k/m²¥280k/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 20 years old.
¥0¥200k¥400k¥600k¥800k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥560k/m²
1–¥549k/m²
3¥629k/m²–
4¥662k/m²–
5¥719k/m²–
6¥754k/m²¥482k/m²
7¥757k/m²–
8¥722k/m²¥411k/m²
9¥493k/m²–
11¥533k/m²–
18¥518k/m²–
20¥440k/m²¥390k/m²
21¥464k/m²¥433k/m²
24–¥308k/m²
26¥400k/m²¥365k/m²
27¥473k/m²¥326k/m²
28¥364k/m²–
32–¥276k/m²
34¥327k/m²¥302k/m²
35¥360k/m²¥329k/m²
36¥403k/m²¥247k/m²
50–¥273k/m²
Condo price per m² by construction period
¥0¥200k¥400k¥600k¥800k2007200920112013201520172019202120232025

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
Year1981-20002001-20102011-2020
2007¥364k/m²¥485k/m²–
2008¥345k/m²––
2009¥338k/m²¥474k/m²–
2010¥303k/m²¥472k/m²–
2011¥320k/m²–¥486k/m²
2012¥315k/m²–¥490k/m²
2013¥286k/m²¥431k/m²–
2014¥313k/m²––
2015¥314k/m²––
2016¥314k/m²––
2017¥317k/m²––
2018¥318k/m²¥438k/m²–
2019¥316k/m²¥424k/m²–
2020¥330k/m²–¥543k/m²
2021¥353k/m²–¥615k/m²
2022¥360k/m²–¥659k/m²
2023¥340k/m²–¥696k/m²
2024¥421k/m²–¥714k/m²
2025¥467k/m²¥523k/m²¥754k/m²
House price per m² by construction period
¥0¥200k¥400k¥600k¥800k2007200920112013201520172019202120232025

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
Year1981-20002001-20102011-2020
2007¥337k/m²¥556k/m²–
2008¥324k/m²¥494k/m²–
2009¥307k/m²¥467k/m²–
2010¥308k/m²¥484k/m²¥661k/m²
2011¥296k/m²–¥474k/m²
2012¥271k/m²–¥432k/m²
2013¥282k/m²–¥425k/m²
2014¥284k/m²–¥432k/m²
2015¥286k/m²–¥484k/m²
2016¥275k/m²–¥472k/m²
2017¥299k/m²–¥467k/m²
2018¥261k/m²–¥471k/m²
2019¥273k/m²–¥471k/m²
2020¥238k/m²¥354k/m²¥453k/m²
2021¥310k/m²–¥500k/m²
2022¥314k/m²––
2023¥290k/m²––
2024¥300k/m²–¥480k/m²
2025¥333k/m²––

Prices near train stations in Kodaira 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)
Hana Koganei (花小金井)¥47.0M¥703k/m²¥52.0M1222352,593-11% vs 2019
Hitotsubashi Gakuen (一橋学園)¥30.0M¥508k/m²¥47.0M1119419,852-6% vs 2019
Kodaira (小平)¥30.0M¥467k/m²¥49.0M1110834,510-11% vs 2019
Takanodai (鷹の台)¥39.0M¥559k/m²¥43.5M97023,939-8% vs 2019
Higashi Yamatoshi (東大和市)¥27.0M¥274k/m²¥42.0M115523,054-8% vs 2019
Ogawa(Tokyo) (小川(東京))––¥46.0M83825,763-14% vs 2019
Musashi Koganei (武蔵小金井)––¥58.0M2437110,668-12% vs 2019
Ome Kaido (青梅街道)––¥45.5M8277,670-8% vs 2019
Kokubunji (国分寺)––¥53.0M2420306,253-11% vs 2019
Shin Kodaira (新小平)––¥43.5M81421,752-5% vs 2019

Used condo prices by layout in Kodaira City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥38.0M70 m²152
2LDK¥27.0M55 m²22
1K¥5.9M15 m²15
4LDK¥39.5M85 m²12

How much does an apartment cost in Kodaira City?

The median used condo (mansion) in Kodaira City sold for ¥35.0M in 2025, about ¥510k/m², based on 78 recorded sales.

How much does a house cost in Kodaira City?

The median house sale, including the land, was ¥48.5M in 2025 across 206 sales.

Are property prices in Kodaira City going up?

Over the five years to 2025, condo prices per m² changed +27.5% and residential land prices changed +21.7%.

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.