Machida City Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 788
In short
- 1Price growth is speeding up
Condo values per m² have risen about 4.7% a year over the past five years, faster than the 1.6% a year of the five years before.
- 2Lagging Tokyo
Per m², condos here are 57% below the Tokyo average.
- 3Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 45% more per m² than those 11–15 minutes away.
- 4A family market
62% of recent condo sales have three or more bedrooms.
The answers, compared
What does a home cost?
¥31.0M
median used condo · ¥482k/m²
55% below the Tokyo median
35 of 47 areas in Tokyo, highest first
Are prices rising?
+28.0%
over 5 years
Faster than Tokyo (+26.5%)
33 of 50 areas in Tokyo, highest first
Can local earners afford it?
7.1× income
median price ÷ average taxable income
In line with Tokyo (6.8×)
27 of 50 areas in Tokyo, highest first
Rent or buy?
45years of rent
median price ÷ a year of median rent
Longer than Tokyo (39)
16 of 50 areas in Tokyo, highest first
Are people moving in?
-2.3%
population, 2020–25
Slower than Tokyo (+1.4%)
46 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%)
13 of 50 areas in Tokyo, highest first
Rent in Machida City
The average private rental costs ¥71k a month (2023), +2.6% since 2018. Tokyo: ¥95k
| Floor area | Typical layout | Average rent / month | Machida CityTokyo |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥53k vs 2018 +4.1% · Tokyo: ¥70k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥69k vs 2018 +3.5% · Tokyo: ¥99k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥90k vs 2018 +5.7% · Tokyo: ¥126k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥103k vs 2018 +0.0% · Tokyo: ¥155k | |
| 100–149 m² mostly houses | mostly houses | ¥119k vs 2018 +19.4% · Tokyo: ¥191k | |
| 150 m² + mostly houses | mostly houses | ¥81k vs 2018 -13.9% · Tokyo: ¥271k |
- Rent per m²
- ¥1,841
- median, per month · Tokyo: ¥2,800
- The median used condo (¥31.0M, 65 m²) costs about 29 years of average rent for a similar-sized home (¥90k 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. 47,050 rented homes.
What the data says
Price growth is speeding up
Condo values per m² have risen about 4.7% a year over the past five years, faster than the 1.6% 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.
Lagging Tokyo
Per m², condos here are 57% below the Tokyo average. Ten years ago the gap was 47%, so Machida City has been falling behind the rest of Tokyo.
Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 45% more per m² than those 11–15 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.
A family market
62% 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 10% 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 ¥13.0M and ¥44.5M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 2.3% between 2020 and 2025 (+1.4% for the wider area). More people moved in than out in 2025, a net gain of about 7 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 3.4% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Few abandoned homes
9.4% of homes were empty in 2023 (10.9% for the wider area), and 2.3% 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 45.1 years of the area's median rent (¥57k 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.
High earthquake risk
The government's seismic model gives a 54% chance of shaking of intensity 6-lower or stronger in the next 30 years (53% for the wider area). Check the building's earthquake standard (post-1981, ideally post-2000 for wooden houses) and consider earthquake insurance.
Reported crime close to the Tokyo average
Police recorded 2,686 crimes in 2025, about 6.4 per 1,000 residents (Tokyo: 6.9). Most were thefts; bicycle theft alone was 20%, and there were 62 home burglaries. The total is down 1% on 2019.
A typical condo costs 7.1 years of local income
Taxpayers here reported an average taxable income of ¥4.4m in 2023 (¥5.4m for the wider area). That is +14% since 2014. The median resale condo sold for about 7.1 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 edging up
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 +8% over five years. They are still 60% 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, 16% 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 Machida City: people, homes and risks
- Population 2025
- 420,962
- -2.3% since 2020
- Tokyo: +1.4%
- Net moves in 2025
- +2,938
- +6.98 per 1,000 residents
- Tokyo: +4.58
- Vacant homes (2023)
- 9.4%
- 2.3% empty and not for rent or sale
- Tokyo: 10.9%
- Median rent (2023)
- ¥57k
- 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
- 6.4
- per 1,000 residents in 2025 (2,686 crimes recorded by the Tokyo police)
- Tokyo: 6.9
- Average income per taxpayer
- ¥4.4M
- taxable income in 2023
- Tokyo: ¥5.4M
- Daytime population
- 90
- people here by day per 100 residents (2020 census)
- Foreign residents
- 2.3%
- 9,915 registered residents in 2024
- Tokyo: 5.2%
- Clinics
- 8.0
- per 10,000 residents; 19 hospitals, 235 dental clinics (2020)
- Tokyo: 9.8
- Official land price 2026
- ¥158k/m²
- +3.0% in a year · +8.1% in 5 years
- Tokyo: ¥407k/m²
- Flood exposure
- 15.8%
- of 95 benchmark sites in a worst-case flood zone (2.1% 3 m or deeper)
- Tokyo: 42.5%
- Landslide exposure
- 0.0%
- of 95 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 Machida 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
¥13.0M
¥236k/m²
- Tsurukawa
- Tsurukawa · 20 min walk
- 2LDK · 55 m²
- Built 1968 (57 yrs) · RC
¥29.0M
¥387k/m²
- Minamioya
- Tamagawagakuen Mae · 14 min walk
- 4LDK · 75 m²
- Built 2006 (19 yrs) · RC
¥45.0M
¥474k/m²
- Oyamagaoka
- Tamasakai · 15 min walk
- 4LDK · 95 m²
- Built 2002 (23 yrs) · SRC
House
¥31.0M
¥295k/m²
- Shimooyamadamachi
- Fuchinobe
- Land 160 m² · floor 105 m²
- Built 2025 (0 yrs) · Wood
¥44.0M
¥367k/m²
- Kogasaka
- Machida · 28 min walk
- Land 170 m² · floor 120 m²
- Built 1993 (33 yrs) · Wood
¥58.0M
¥552k/m²
- Kisonishi
- Kobuchi(Kanagawa) · 28 min walk
- Land 185 m² · floor 105 m²
- Built 2025 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥28.0M | ¥40.0M |
| 2008 | ¥29.0M | ¥39.0M |
| 2009 | ¥24.0M | ¥34.0M |
| 2010 | ¥24.0M | ¥34.0M |
| 2011 | ¥21.0M | ¥35.0M |
| 2012 | ¥23.0M | ¥33.0M |
| 2013 | ¥19.5M | ¥36.0M |
| 2014 | ¥23.0M | ¥33.0M |
| 2015 | ¥23.5M | ¥33.0M |
| 2016 | ¥23.0M | ¥34.0M |
| 2017 | ¥23.0M | ¥37.0M |
| 2018 | ¥25.0M | ¥36.0M |
| 2019 | ¥25.0M | ¥37.0M |
| 2020 | ¥25.5M | ¥38.0M |
| 2021 | ¥26.5M | ¥39.0M |
| 2022 | ¥27.0M | ¥41.0M |
| 2023 | ¥28.0M | ¥40.0M |
| 2024 | ¥26.0M | ¥43.0M |
| 2025 | ¥31.0M | ¥43.0M |
| 2026 (partial) | ¥32.0M | ¥44.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥369k/m² | ¥385k/m² | ¥170k/m² |
| 2008 | ¥438k/m² | ¥380k/m² | ¥170k/m² |
| 2009 | ¥318k/m² | ¥337k/m² | ¥160k/m² |
| 2010 | ¥351k/m² | ¥339k/m² | ¥150k/m² |
| 2011 | ¥309k/m² | ¥344k/m² | ¥160k/m² |
| 2012 | ¥327k/m² | ¥333k/m² | ¥150k/m² |
| 2013 | ¥314k/m² | ¥333k/m² | ¥150k/m² |
| 2014 | ¥320k/m² | ¥318k/m² | ¥140k/m² |
| 2015 | ¥341k/m² | ¥326k/m² | ¥150k/m² |
| 2016 | ¥350k/m² | ¥333k/m² | ¥150k/m² |
| 2017 | ¥354k/m² | ¥341k/m² | ¥140k/m² |
| 2018 | ¥369k/m² | ¥347k/m² | ¥150k/m² |
| 2019 | ¥338k/m² | ¥350k/m² | ¥140k/m² |
| 2020 | ¥376k/m² | ¥362k/m² | ¥140k/m² |
| 2021 | ¥374k/m² | ¥379k/m² | ¥150k/m² |
| 2022 | ¥400k/m² | ¥390k/m² | ¥170k/m² |
| 2023 | ¥457k/m² | ¥387k/m² | ¥160k/m² |
| 2024 | ¥418k/m² | ¥400k/m² | ¥180k/m² |
| 2025 | ¥482k/m² | ¥389k/m² | ¥190k/m² |
| 2026 (partial) | ¥488k/m² | ¥404k/m² | ¥150k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥460k/m² |
| 1 | – | ¥440k/m² |
| 2 | – | ¥516k/m² |
| 3 | ¥754k/m² | – |
| 4 | – | ¥444k/m² |
| 5 | ¥693k/m² | ¥409k/m² |
| 6 | ¥632k/m² | ¥375k/m² |
| 7 | ¥657k/m² | ¥400k/m² |
| 8 | ¥675k/m² | ¥375k/m² |
| 9 | ¥550k/m² | ¥344k/m² |
| 10 | ¥484k/m² | ¥360k/m² |
| 11 | – | ¥386k/m² |
| 12 | – | ¥361k/m² |
| 14 | ¥396k/m² | ¥371k/m² |
| 15 | ¥476k/m² | ¥358k/m² |
| 16 | ¥543k/m² | ¥306k/m² |
| 17 | ¥489k/m² | ¥339k/m² |
| 18 | ¥425k/m² | ¥359k/m² |
| 19 | ¥412k/m² | ¥300k/m² |
| 20 | ¥522k/m² | ¥326k/m² |
| 21 | ¥533k/m² | ¥303k/m² |
| 22 | ¥550k/m² | ¥311k/m² |
| 23 | ¥557k/m² | ¥296k/m² |
| 24 | ¥533k/m² | ¥289k/m² |
| 25 | ¥428k/m² | ¥291k/m² |
| 26 | ¥538k/m² | ¥274k/m² |
| 27 | ¥516k/m² | ¥282k/m² |
| 28 | ¥475k/m² | ¥273k/m² |
| 29 | ¥420k/m² | ¥253k/m² |
| 30 | ¥383k/m² | ¥293k/m² |
| 31 | – | ¥227k/m² |
| 32 | – | ¥248k/m² |
| 33 | – | ¥233k/m² |
| 34 | ¥278k/m² | ¥208k/m² |
| 35 | ¥240k/m² | ¥262k/m² |
| 36 | ¥250k/m² | ¥253k/m² |
| 37 | ¥216k/m² | ¥286k/m² |
| 38 | ¥195k/m² | ¥304k/m² |
| 39 | ¥301k/m² | ¥247k/m² |
| 40 | – | ¥211k/m² |
| 41 | – | ¥227k/m² |
| 42 | – | ¥296k/m² |
| 43 | – | ¥277k/m² |
| 44 | – | ¥216k/m² |
| 45 | – | ¥284k/m² |
| 46 | – | ¥286k/m² |
| 47 | – | ¥269k/m² |
| 48 | – | ¥274k/m² |
| 49 | – | ¥300k/m² |
| 50 | ¥118k/m² | ¥297k/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 |
|---|---|---|---|---|
| 2007 | – | ¥343k/m² | ¥463k/m² | – |
| 2008 | – | ¥326k/m² | ¥477k/m² | – |
| 2009 | – | ¥300k/m² | ¥400k/m² | – |
| 2010 | – | ¥360k/m² | ¥380k/m² | – |
| 2011 | – | ¥309k/m² | ¥400k/m² | – |
| 2012 | ¥170k/m² | ¥345k/m² | ¥387k/m² | – |
| 2013 | ¥133k/m² | ¥292k/m² | ¥380k/m² | – |
| 2014 | ¥146k/m² | ¥313k/m² | ¥400k/m² | – |
| 2015 | – | ¥300k/m² | ¥400k/m² | – |
| 2016 | – | ¥364k/m² | ¥400k/m² | – |
| 2017 | – | ¥360k/m² | ¥375k/m² | – |
| 2018 | – | ¥364k/m² | ¥400k/m² | – |
| 2019 | – | ¥318k/m² | ¥385k/m² | ¥559k/m² |
| 2020 | – | ¥361k/m² | ¥441k/m² | ¥617k/m² |
| 2021 | – | ¥346k/m² | ¥425k/m² | ¥576k/m² |
| 2022 | – | ¥360k/m² | ¥500k/m² | ¥608k/m² |
| 2023 | – | ¥398k/m² | ¥486k/m² | ¥585k/m² |
| 2024 | – | ¥414k/m² | ¥471k/m² | ¥684k/m² |
| 2025 | – | ¥437k/m² | ¥500k/m² | ¥693k/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 |
|---|---|---|---|---|
| 2007 | ¥335k/m² | ¥316k/m² | ¥410k/m² | – |
| 2008 | ¥305k/m² | ¥319k/m² | ¥418k/m² | – |
| 2009 | ¥306k/m² | ¥247k/m² | ¥356k/m² | – |
| 2010 | ¥294k/m² | ¥273k/m² | ¥365k/m² | ¥400k/m² |
| 2011 | ¥241k/m² | ¥267k/m² | ¥362k/m² | ¥378k/m² |
| 2012 | ¥244k/m² | ¥263k/m² | ¥335k/m² | ¥358k/m² |
| 2013 | ¥262k/m² | ¥245k/m² | ¥293k/m² | ¥381k/m² |
| 2014 | ¥250k/m² | ¥231k/m² | ¥313k/m² | ¥355k/m² |
| 2015 | ¥275k/m² | ¥250k/m² | ¥300k/m² | ¥365k/m² |
| 2016 | ¥262k/m² | ¥240k/m² | ¥300k/m² | ¥371k/m² |
| 2017 | ¥287k/m² | ¥261k/m² | ¥295k/m² | ¥391k/m² |
| 2018 | ¥240k/m² | ¥233k/m² | ¥295k/m² | ¥396k/m² |
| 2019 | ¥225k/m² | ¥237k/m² | ¥278k/m² | ¥390k/m² |
| 2020 | ¥227k/m² | ¥238k/m² | ¥282k/m² | ¥410k/m² |
| 2021 | ¥228k/m² | ¥236k/m² | ¥318k/m² | ¥400k/m² |
| 2022 | ¥313k/m² | ¥274k/m² | ¥341k/m² | ¥389k/m² |
| 2023 | ¥316k/m² | ¥250k/m² | ¥337k/m² | ¥410k/m² |
| 2024 | ¥270k/m² | ¥270k/m² | ¥339k/m² | ¥391k/m² |
| 2025 | ¥262k/m² | ¥268k/m² | ¥320k/m² | ¥364k/m² |
Prices near train stations in Machida City
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 | Daily passengers (2023) |
|---|---|---|---|---|---|---|
| Machida (町田) | ¥30.0M | ¥586k/m² | ¥44.5M | 12 | 416 | 451,092-12% vs 2019 |
| Tsurukawa (鶴川) | ¥10.0M | ¥169k/m² | ¥38.0M | 20 | 307 | 59,849-13% vs 2019 |
| Tamagawagakuen Mae (玉川学園前) | ¥23.0M | ¥367k/m² | ¥42.0M | 14 | 209 | 40,777-12% vs 2019 |
| Naruse (成瀬) | ¥43.0M | ¥518k/m² | ¥49.5M | 14 | 157 | 33,848-12% vs 2019 |
| Fuchinobe (淵野辺) | ¥16.5M | ¥184k/m² | ¥35.0M | 24 | 107 | – |
| Kobuchi(Kanagawa) (古淵) | ¥19.5M | ¥310k/m² | ¥38.5M | 21 | 104 | – |
| Minami Machida Grandberry Park (南町田グランベリーパーク) | ¥42.0M | ¥600k/m² | ¥49.0M | 12 | 101 | 45,095+13% vs 2019 |
| Tamasakai (多摩境) | ¥34.0M | ¥444k/m² | ¥39.0M | 14 | 68 | 20,368-1% vs 2019 |
| Aihara (相原) | – | – | ¥36.5M | 13 | 48 | 19,290-9% vs 2019 |
| Suzukakedai (すずかけ台) | – | – | ¥55.0M | 10 | 44 | 10,351-11% vs 2019 |
| Tsukushino (つくし野) | – | – | ¥63.0M | 8 | 44 | 10,579-8% vs 2019 |
| Kodomonokuni(Kanagawa) (こどもの国(神奈川)) | – | – | ¥45.5M | 13 | 30 | – |
| Kakio (柿生) | – | – | ¥43.0M | 15 | 14 | – |
| Yabe (矢部) | – | – | ¥37.5M | 25 | 13 | – |
| Hashimoto(Kanagawa) (橋本(神奈川)) | – | – | – | 18 | 13 | – |
Used condo prices by layout in Machida City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥35.0M | 70 m² | 219 |
| 2LDK | ¥13.0M | 55 m² | 89 |
| 4LDK | ¥32.0M | 80 m² | 47 |
| 1K | ¥18.0M | 25 m² | 25 |
| 1LDK | ¥29.0M | 45 m² | 19 |
| 2DK | ¥8.0M | 45 m² | 17 |
| 1DK | ¥16.5M | 30 m² | 14 |
How much does an apartment cost in Machida City?
The median used condo (mansion) in Machida City sold for ¥31.0M in 2025, about ¥482k/m², based on 154 recorded sales.
How much does a house cost in Machida City?
The median house sale, including the land, was ¥43.0M in 2025 across 425 sales.
Are property prices in Machida City going up?
Over the five years to 2025, condo prices per m² changed +28.0% and residential land prices changed +35.7%.
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.