Roppongi, Minato, Tokyo
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Nerima Ward Housing Market 2026: The Safest Ward, and Lots of Houses

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 1,756

In short

  1. 1
    A suburban ward

    Nerima is the second most populous ward (about 760,000 people), with gardens, farms and many detached houses.

  2. 2
    Studios near stations, family homes farther out

    The most traded condo is a 20 m² 1K at about ¥22M, followed by 3LDKs at about ¥52M.

  3. 3
    The lowest risk in the 23 wards

    Nerima has the lowest earthquake probability of the 23 wards, about 44% for 6-lower in 30 years.

The answers, compared

What does a home cost?

¥29.0M

median used condo · ¥920k/m²

14% below the Tokyo median

21 of 47 areas in Tokyo, highest first

Are prices rising?

+28.8%

over 5 years

Faster than Tokyo (+26.5%)

32 of 50 areas in Tokyo, highest first

Can local earners afford it?

6.1× income

median price ÷ average taxable income

Easier than Tokyo (6.8×)

40 of 50 areas in Tokyo, highest first

Rent or buy?

31years of rent

median price ÷ a year of median rent

Shorter than Tokyo (39)

44 of 50 areas in Tokyo, highest first

Are people moving in?

+1.2%

population, 2020–25

In line with Tokyo (+1.4%)

22 of 50 areas in Tokyo, highest first

How risky is it?

44%

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

Lower than Tokyo (53%)

29 of 50 areas in Tokyo, highest first

Rent in Nerima Ward

The average private rental costs ¥87k a month (2023), +7.7% since 2018. Tokyo: ¥95k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥65k
vs 2018 +2.9% · Tokyo: ¥70k
30–49 m²
1LDK / 2DK
¥90k
vs 2018 +8.2% · Tokyo: ¥99k
50–69 m²
2LDK / 3DK
¥117k
vs 2018 +8.7% · Tokyo: ¥126k
70–99 m²
3LDK / family
¥126k
vs 2018 +4.8% · Tokyo: ¥155k
100–149 m²
mostly houses
¥109k
vs 2018 +5.5% · Tokyo: ¥191k
150 m² +
mostly houses
¥73k
vs 2018 -28.6% · Tokyo: ¥271k
Rent per m²
¥2,525
median, per month · Tokyo: ¥2,800
The median used condo (¥29.0M, 35 m²) costs about 27 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. 153,460 rented homes.

A suburban ward

Nerima is the second most populous ward (about 760,000 people), with gardens, farms and many detached houses. About 775 houses sold in 2025, more than in any other ward. The median house sold for about ¥70M. Condos cost about ¥0.9M per m², about 0.9 times the Tokyo average and 19th among the wards.

Growing steadily

Condo prices per m² rose about 5.7% a year over the past five years, faster than the five years before. Benchmark residential land rose about 6% in the past year, one of the slower rates of the 23 wards. In 2025 about 4,600 more people moved in from the rest of Japan than left.

Studios near stations, family homes farther out

The most traded condo is a 20 m² 1K at about ¥22M, followed by 3LDKs at about ¥52M. Nerima and Sakuradai on the Seibu line are the priciest stations, at about ¥1.0M per m². Oizumi-Gakuen and Hikarigaoka, often more than 12 minutes' walk, sell at about ¥0.73–0.74M. Being within 5 minutes of a station adds about 18%.

Good yields

A median condo costs about 31 years of median rent, the second best ratio of the 23 wards after Sumida.

The lowest risk in the 23 wards

Nerima has the lowest earthquake probability of the 23 wards, about 44% for 6-lower in 30 years. Fewer than one in five benchmark sites is in a flood zone, and none in deep zones. Vacancy is also low. For buyers who want space and lower risk, Nerima is the clear choice among the wards.

Living in Nerima Ward: people, homes and risks

Population 2025
761,587
+1.2% since 2020
Tokyo: +1.4%
Net moves in 2025
+4,586
+6.02 per 1,000 residents
Tokyo: +4.58
Vacant homes (2023)
9.5%
1.9% empty and not for rent or sale
Tokyo: 10.9%
Median rent (2023)
¥79k
per month, all rented homes
Tokyo: ¥78k
Strong earthquake risk
44.0%
chance of shaking of intensity 6-lower or more within 30 years
Tokyo: 52.8%
Reported crime
4.8
per 1,000 residents in 2025 (3,672 crimes recorded by the Tokyo police)
Tokyo: 6.9
Average income per taxpayer
¥4.8M
taxable income in 2023
Tokyo: ¥5.4M
Daytime population
80
people here by day per 100 residents (2020 census)
Foreign residents
3.6%
26,531 registered residents in 2024
Tokyo: 5.2%
Clinics
7.6
per 10,000 residents; 18 hospitals, 454 dental clinics (2020)
Tokyo: 9.8
Official land price 2026
¥480k/m²
+6.1% in a year · +20.9% in 5 years
Tokyo: ¥407k/m²
Flood exposure
17.6%
of 108 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Tokyo: 42.5%
Landslide exposure
0.0%
of 108 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 Nerima 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

¥21.0M

¥840k/m²

  • Sakuradai
  • Sakuradai(Tokyo) · 5 min walk
  • 1K · 25 m²
  • Built 2012 (14 yrs) · RC
Typical2026 Q2

¥29.0M

¥1.2M/m²

  • Oizumigakuencho
  • Oizumi Gakuen · 9 min walk
  • 1K · 25 m²
  • Built 2025 (1 yrs) · RC
Higher-priced2025 Q4

¥58.0M

¥967k/m²

  • Sakuradai
  • Shin Sakuradai · 4 min walk
  • 3LDK · 60 m²
  • Built 1985 (40 yrs) · RC

House

Lower-priced2026 Q1

¥49.0M

¥613k/m²

  • Oizumimachi
  • Hikarigaoka · 29 min walk
  • Land 80 m² · floor 80 m²
  • Built 2025 (1 yrs) · Wood
Typical2026 Q2

¥74.0M

¥779k/m²

  • Oizumigakuencho
  • Oizumi Gakuen · 16 min walk
  • Land 100 m² · floor 95 m²
  • Built 2026 (0 yrs) · Wood
Higher-priced2026 Q1

¥110M

¥1.2M/m²

  • Kasugacho
  • Nerima Kasugacho · 9 min walk
  • Land 100 m² · floor 95 m²
  • Built 2026 (0 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M¥80.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥20.5M¥49.0M
2006¥22.0M¥48.5M
2007¥23.0M¥52.0M
2008¥25.0M¥48.0M
2009¥22.0M¥47.0M
2010¥21.0M¥48.0M
2011¥27.0M¥47.0M
2012¥22.0M¥46.0M
2013¥25.0M¥47.0M
2014¥28.0M¥48.0M
2015¥26.0M¥49.0M
2016¥25.0M¥52.0M
2017¥26.0M¥53.0M
2018¥26.0M¥54.0M
2019¥27.0M¥52.0M
2020¥27.0M¥54.0M
2021¥26.0M¥58.0M
2022¥26.0M¥61.0M
2023¥29.0M¥64.0M
2024¥30.0M¥65.0M
2025¥29.0M¥70.0M
2026 (partial)¥30.0M¥74.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 25% 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¥461k/m²¥504k/m²¥350k/m²
2006¥543k/m²¥500k/m²¥380k/m²
2007¥600k/m²¥544k/m²¥410k/m²
2008¥520k/m²¥511k/m²¥360k/m²
2009¥525k/m²¥486k/m²¥340k/m²
2010¥550k/m²¥489k/m²¥340k/m²
2011¥500k/m²¥488k/m²¥340k/m²
2012¥486k/m²¥488k/m²¥330k/m²
2013¥492k/m²¥492k/m²¥340k/m²
2014¥527k/m²¥500k/m²¥360k/m²
2015¥560k/m²¥511k/m²¥370k/m²
2016¥600k/m²¥527k/m²¥370k/m²
2017¥622k/m²¥538k/m²¥380k/m²
2018¥643k/m²¥556k/m²¥400k/m²
2019¥650k/m²¥540k/m²¥410k/m²
2020¥714k/m²¥574k/m²¥410k/m²
2021¥750k/m²¥600k/m²¥430k/m²
2022¥787k/m²¥620k/m²¥450k/m²
2023¥800k/m²¥657k/m²¥490k/m²
2024¥883k/m²¥642k/m²¥470k/m²
2025¥920k/m²¥706k/m²¥520k/m²
2026 (partial)¥950k/m²¥714k/m²¥520k/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 43. 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 26 years — House prices per m² drop about 41% from new by age 26, 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¥722k/m²
1¥1.2M/m²¥703k/m²
2¥1.2M/m²¥737k/m²
3¥973k/m²¥762k/m²
4¥1.1M/m²¥742k/m²
5¥1.1M/m²¥656k/m²
6¥1.0M/m²¥628k/m²
7¥1.0M/m²¥659k/m²
8¥960k/m²¥648k/m²
9¥956k/m²¥594k/m²
10¥934k/m²¥580k/m²
11¥1.0M/m²¥638k/m²
12¥950k/m²¥579k/m²
13¥1.0M/m²¥547k/m²
14¥1.0M/m²¥573k/m²
15¥1.0M/m²¥634k/m²
16¥900k/m²¥567k/m²
17¥914k/m²¥525k/m²
18¥854k/m²¥605k/m²
19¥873k/m²¥562k/m²
20¥787k/m²¥521k/m²
21¥787k/m²¥520k/m²
22¥822k/m²¥494k/m²
23¥748k/m²¥516k/m²
24¥719k/m²¥465k/m²
25¥667k/m²¥435k/m²
26¥719k/m²¥525k/m²
27¥680k/m²¥435k/m²
28¥725k/m²¥436k/m²
29¥700k/m²¥500k/m²
30¥624k/m²¥496k/m²
31¥667k/m²¥373k/m²
32¥630k/m²¥405k/m²
33¥600k/m²¥438k/m²
34¥593k/m²¥404k/m²
35¥633k/m²¥364k/m²
36¥607k/m²¥426k/m²
37¥650k/m²¥382k/m²
38¥571k/m²¥478k/m²
39¥662k/m²¥445k/m²
40¥662k/m²¥428k/m²
41¥625k/m²¥400k/m²
42¥529k/m²¥270k/m²
43¥532k/m²¥414k/m²
44–¥432k/m²
45¥460k/m²¥380k/m²
46¥467k/m²¥333k/m²
47¥519k/m²¥473k/m²
48¥535k/m²¥295k/m²
49¥476k/m²¥397k/m²
50¥560k/m²¥376k/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 4.4% a year), so in this market location matters more than building age. Pre-1981 buildings, built before the current earthquake standard, trade about 24% 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–¥433k/m²¥900k/m²–
2006¥337k/m²¥418k/m²¥960k/m²–
2007¥371k/m²¥480k/m²¥1.0M/m²–
2008¥380k/m²¥463k/m²¥771k/m²–
2009¥382k/m²¥440k/m²¥800k/m²–
2010¥400k/m²¥508k/m²¥686k/m²–
2011¥373k/m²¥460k/m²¥600k/m²–
2012¥350k/m²¥427k/m²¥567k/m²¥950k/m²
2013¥400k/m²¥436k/m²¥575k/m²¥950k/m²
2014¥331k/m²¥480k/m²¥600k/m²¥800k/m²
2015¥400k/m²¥520k/m²¥655k/m²¥880k/m²
2016¥420k/m²¥533k/m²¥689k/m²¥1.0M/m²
2017¥437k/m²¥556k/m²¥677k/m²¥950k/m²
2018¥410k/m²¥550k/m²¥769k/m²¥969k/m²
2019¥429k/m²¥541k/m²¥771k/m²¥950k/m²
2020¥462k/m²¥567k/m²¥850k/m²¥950k/m²
2021¥467k/m²¥600k/m²¥850k/m²¥920k/m²
2022¥494k/m²¥643k/m²¥900k/m²¥957k/m²
2023¥575k/m²¥648k/m²¥900k/m²¥992k/m²
2024¥541k/m²¥675k/m²¥938k/m²¥1.0M/m²
2025¥560k/m²¥733k/m²¥993k/m²¥1.1M/m²
2026 (partial)–¥750k/m²¥1.0M/m²¥1.1M/m²
House price per m² by construction period
¥0¥200k¥400k¥600k¥800k20052008201120142017202020232026

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¥367k/m²¥406k/m²¥548k/m²–
2006¥367k/m²¥400k/m²¥556k/m²–
2007¥400k/m²¥446k/m²¥590k/m²–
2008¥362k/m²¥418k/m²¥560k/m²–
2009¥337k/m²¥360k/m²¥544k/m²–
2010¥338k/m²¥371k/m²¥550k/m²¥567k/m²
2011¥337k/m²¥371k/m²¥536k/m²¥553k/m²
2012¥291k/m²¥338k/m²¥488k/m²¥544k/m²
2013¥321k/m²¥361k/m²¥453k/m²¥543k/m²
2014¥343k/m²¥343k/m²¥477k/m²¥550k/m²
2015¥326k/m²¥375k/m²¥483k/m²¥580k/m²
2016¥358k/m²¥355k/m²¥480k/m²¥600k/m²
2017¥329k/m²¥381k/m²¥489k/m²¥590k/m²
2018¥381k/m²¥353k/m²¥481k/m²¥615k/m²
2019¥358k/m²¥388k/m²¥456k/m²¥611k/m²
2020¥296k/m²¥367k/m²¥474k/m²¥612k/m²
2021¥308k/m²¥420k/m²¥498k/m²¥613k/m²
2022¥352k/m²¥419k/m²¥556k/m²¥652k/m²
2023¥333k/m²¥423k/m²¥581k/m²¥704k/m²
2024¥367k/m²¥472k/m²¥523k/m²¥600k/m²
2025¥464k/m²¥444k/m²¥617k/m²¥686k/m²
2026 (partial)–¥422k/m²––

Prices near train stations in Nerima 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)
Oizumi Gakuen (大泉学園)¥33.0M¥742k/m²¥56.0M1451078,557-10% vs 2019
Musashi Seki (武蔵関)¥25.0M¥800k/m²¥67.0M840628,819-11% vs 2019
Nerima (練馬)¥29.0M¥1.0M/m²¥87.0M8388190,677-12% vs 2019
Shakujii Koen (石神井公園)¥46.0M¥829k/m²¥65.0M1233074,675-10% vs 2019
Hikarigaoka (光が丘)¥46.0M¥726k/m²¥63.0M1226454,950-13% vs 2019
Nakamurabashi (中村橋)¥26.0M¥937k/m²¥75.5M825237,326-9% vs 2019
Nerima Takanodai (練馬高野台)¥27.0M¥840k/m²¥66.0M1020225,409-7% vs 2019
Kami Shakujii (上石神井)¥28.0M¥787k/m²¥67.0M920039,751-11% vs 2019
Sakuradai(Tokyo) (桜台(東京))¥24.0M¥1.0M/m²¥92.5M519514,704-1% vs 2019
Hikawadai (氷川台)¥43.0M¥860k/m²¥70.0M718736,844-10% vs 2019
Heiwadai(Tokyo) (平和台(東京))¥30.5M¥937k/m²¥70.0M917041,269-7% vs 2019
Nerima Kasugacho (練馬春日町)¥31.0M¥947k/m²¥70.0M816121,703-6% vs 2019
Hoya (保谷)¥33.5M¥572k/m²¥57.0M1415655,681-12% vs 2019
Fujimidai (富士見台)¥27.0M¥720k/m²¥70.0M714626,662-5% vs 2019
Tobu Nerima (東武練馬)¥32.5M¥840k/m²¥95.0M811554,406-10% vs 2019

Used condo prices by layout in Nerima Ward

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
1K¥22.0M20 m²784
3LDK¥52.0M65 m²558
2LDK¥43.0M55 m²301
1LDK¥32.0M40 m²139
1DK¥25.0M25 m²97
2DK¥29.0M40 m²63
4LDK¥63.0M85 m²51
1R¥11.0M15 m²37

How much does an apartment cost in Nerima Ward?

The median used condo (mansion) in Nerima Ward sold for ¥29.0M in 2025, about ¥920k/m², based on 715 recorded sales.

How much does a house cost in Nerima Ward?

The median house sale, including the land, was ¥70.0M in 2025 across 775 sales.

Are property prices in Nerima Ward going up?

Over the five years to 2025, condo prices per m² changed +28.8% and residential land prices changed +26.8%.

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.