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

Nishitokyo City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 390

In short

  1. 1
    Price growth is speeding up

    Condo values per m² have risen about 5.8% a year over the past five years, faster than the 1.6% a year of the five years before.

  2. 2
    Lagging Tokyo

    Per m², condos here are 41% below the Tokyo average.

  3. 3
    Being near a station is worth a lot

    Condos within a 5-minute walk of a station sell for about 32% more per m² than those 11–15 minutes away.

  4. 4
    A family market

    67% of recent condo sales have three or more bedrooms.

The answers, compared

What does a home cost?

¥37.0M

median used condo · ¥600k/m²

44% below the Tokyo median

32 of 47 areas in Tokyo, highest first

Are prices rising?

+29.9%

over 5 years

Faster than Tokyo (+26.5%)

29 of 50 areas in Tokyo, highest first

Can local earners afford it?

8.4× income

median price ÷ average taxable income

Harder than Tokyo (6.8×)

10 of 50 areas in Tokyo, highest first

Rent or buy?

44years of rent

median price ÷ a year of median rent

Longer than Tokyo (39)

22 of 50 areas in Tokyo, highest first

Are people moving in?

+0.1%

population, 2020–25

Slower than Tokyo (+1.4%)

31 of 50 areas in Tokyo, highest first

How risky is it?

48%

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

Lower than Tokyo (53%)

22 of 50 areas in Tokyo, highest first

Rent in Nishitokyo City

The average private rental costs ¥74k a month (2023), +1.1% since 2018. Tokyo: ¥95k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥57k
vs 2018 +1.0% · Tokyo: ¥70k
30–49 m²
1LDK / 2DK
¥77k
vs 2018 +4.7% · Tokyo: ¥99k
50–69 m²
2LDK / 3DK
¥94k
vs 2018 -2.2% · Tokyo: ¥126k
70–99 m²
3LDK / family
¥111k
vs 2018 +11.4% · Tokyo: ¥155k
100–149 m²
mostly houses
¥109k
vs 2018 +23.7% · Tokyo: ¥191k
Rent per m²
¥2,223
median, per month · Tokyo: ¥2,800
The median used condo (¥37.0M, 65 m²) costs about 33 years of average rent for a similar-sized home (¥94k 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. 28,930 rented homes.

What the data says

Price growth is speeding up

Condo values per m² have risen about 5.8% 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 41% below the Tokyo average. Ten years ago the gap was 32%, so Nishitokyo 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 32% 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

67% 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 17% 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 ¥24.0M and ¥46.3M. 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

9.3% of homes were empty in 2023 (10.9% for the wider area), and 2.9% 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 43.9 years of the area's median rent (¥70k 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 48% 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.

Reported crime close to the Tokyo average

Police recorded 1,179 crimes in 2025, about 5.7 per 1,000 residents (Tokyo: 6.9). Most were thefts; bicycle theft alone was 40%, and there were 12 home burglaries. The total is down 5% on 2019.

A typical condo costs 8.4 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 8.4 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 +4% in the year to January 2026 and +12% over five years. They are still 45% 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, 24% 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 Nishitokyo City: people, homes and risks

Population 2025
207,589
+0.1% since 2020
Tokyo: +1.4%
Net moves in 2025
+1,234
+5.94 per 1,000 residents
Tokyo: +4.58
Vacant homes (2023)
9.3%
2.9% empty and not for rent or sale
Tokyo: 10.9%
Median rent (2023)
¥70k
per month, all rented homes
Tokyo: ¥78k
Strong earthquake risk
48.1%
chance of shaking of intensity 6-lower or more within 30 years
Tokyo: 52.8%
Reported crime
5.7
per 1,000 residents in 2025 (1,179 crimes recorded by the Tokyo police)
Tokyo: 6.9
Average income per taxpayer
¥4.4M
taxable income in 2023
Tokyo: ¥5.4M
Daytime population
81
people here by day per 100 residents (2020 census)
Foreign residents
3.0%
6,240 registered residents in 2024
Tokyo: 5.2%
Clinics
7.0
per 10,000 residents; 6 hospitals, 121 dental clinics (2020)
Tokyo: 9.8
Official land price 2026
¥327k/m²
+3.5% in a year · +12.1% in 5 years
Tokyo: ¥407k/m²
Flood exposure
23.7%
of 38 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Tokyo: 42.5%
Landslide exposure
0.0%
of 38 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 Nishitokyo 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-priced2026 Q1

¥27.0M

¥386k/m²

  • Nishiharacho
  • Tanashi · 24 min walk
  • 3LDK · 70 m²
  • Built 1980 (46 yrs) · RC
Typical2025 Q3

¥41.0M

¥547k/m²

  • Yagisawa
  • Seibu Yagisawa · 9 min walk
  • 3LDK · 75 m²
  • Built 1999 (26 yrs) · RC
Higher-priced2026 Q1

¥50.0M

¥667k/m²

  • Hibarigaoka
  • Hibarigaoka(Tokyo) · 21 min walk
  • 4LDK · 75 m²
  • Built 2018 (8 yrs) · RC

House

Lower-priced2026 Q1

¥40.0M

¥381k/m²

  • Yatocho
  • Hibarigaoka(Tokyo) · 19 min walk
  • Land 100 m² · floor 105 m²
  • Built 1992 (34 yrs) · Steel
Typical2025 Q4

¥54.0M

¥568k/m²

  • Fujimachi
  • Seibu Yagisawa · 6 min walk
  • Land 80 m² · floor 95 m²
  • Built 2025 (0 yrs) · Wood
Higher-priced2025 Q4

¥68.0M

¥716k/m²

  • Shibakubocho
  • Hana Koganei · 16 min walk
  • Land 120 m² · floor 95 m²
  • Built 2025 (0 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007¥27.0M¥49.0M
2008¥27.0M¥46.0M
2009¥26.0M¥41.0M
2010¥35.0M¥41.0M
2011¥30.0M¥44.0M
2012¥28.0M¥39.0M
2013¥25.0M¥40.0M
2014¥29.0M¥41.0M
2015¥24.0M¥42.0M
2016¥23.0M¥42.0M
2017¥28.0M¥44.0M
2018¥30.0M¥42.0M
2019¥30.0M¥45.0M
2020¥31.0M¥43.0M
2021¥34.0M¥45.0M
2022¥32.0M¥51.0M
2023¥32.5M¥52.0M
2024¥36.0M¥52.0M
2025¥37.0M¥55.0M
2026 (partial)–¥46.5M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 7% 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¥800k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007¥450k/m²¥524k/m²¥330k/m²
2008¥433k/m²¥490k/m²¥315k/m²
2009¥419k/m²¥468k/m²¥270k/m²
2010¥477k/m²¥450k/m²¥250k/m²
2011¥450k/m²¥489k/m²¥280k/m²
2012¥415k/m²¥453k/m²¥230k/m²
2013¥422k/m²¥455k/m²¥270k/m²
2014¥444k/m²¥431k/m²¥270k/m²
2015¥407k/m²¥442k/m²¥260k/m²
2016¥417k/m²¥460k/m²¥280k/m²
2017¥460k/m²¥471k/m²¥280k/m²
2018¥450k/m²¥467k/m²¥280k/m²
2019¥462k/m²¥490k/m²¥270k/m²
2020¥462k/m²¥475k/m²¥310k/m²
2021¥515k/m²¥495k/m²¥290k/m²
2022¥552k/m²¥565k/m²¥350k/m²
2023¥539k/m²¥569k/m²¥330k/m²
2024¥627k/m²¥560k/m²¥340k/m²
2025¥600k/m²¥579k/m²¥325k/m²
2026 (partial)–¥398k/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 17 years old and half by around 41. Prices keep falling by roughly 2.4% a year even after 25 years, so older condos here are cheap for a reason. Check the repair fund and rebuild plans.
¥0¥500k¥1.0M05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥612k/m²
1–¥600k/m²
4¥673k/m²–
5¥771k/m²–
6¥833k/m²¥520k/m²
7¥748k/m²–
8¥731k/m²–
11¥720k/m²–
12¥683k/m²–
15¥794k/m²–
16¥629k/m²–
17¥560k/m²¥432k/m²
18¥554k/m²–
19¥533k/m²–
20¥571k/m²¥489k/m²
21¥535k/m²–
22¥538k/m²¥431k/m²
23¥577k/m²–
24¥617k/m²–
25¥564k/m²–
26¥600k/m²–
27¥517k/m²¥320k/m²
28¥613k/m²–
29¥618k/m²–
31–¥277k/m²
32–¥294k/m²
33–¥303k/m²
34–¥286k/m²
39¥400k/m²–
41¥280k/m²–
43¥214k/m²–
45¥306k/m²–
48¥292k/m²–
50¥266k/m²¥351k/m²
Condo price per m² by construction period
¥0¥500k¥1.0M2007200920112013201520172019202120232025

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
2007–¥436k/m²––
2008–¥392k/m²¥514k/m²–
2009–¥424k/m²¥486k/m²–
2010–¥414k/m²¥486k/m²–
2011–¥385k/m²¥473k/m²–
2012–¥415k/m²¥453k/m²–
2013–¥413k/m²¥503k/m²–
2014–¥407k/m²¥478k/m²–
2015¥236k/m²¥369k/m²¥500k/m²–
2016–¥421k/m²¥438k/m²–
2017–¥453k/m²¥487k/m²–
2018–¥429k/m²¥480k/m²–
2019–¥429k/m²¥507k/m²–
2020–¥429k/m²¥480k/m²–
2021–¥483k/m²¥548k/m²¥643k/m²
2022–¥455k/m²¥614k/m²¥746k/m²
2023¥292k/m²¥506k/m²¥629k/m²–
2024–¥533k/m²¥674k/m²¥806k/m²
2025–¥552k/m²¥620k/m²–
House price per m² by construction period
¥0¥200k¥400k¥600k2007200920112013201520172019202120232025

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
2007–¥373k/m²¥554k/m²–
2008–¥366k/m²¥540k/m²–
2009–¥308k/m²¥512k/m²–
2010¥277k/m²¥315k/m²¥500k/m²–
2011–¥296k/m²¥503k/m²¥522k/m²
2012–¥294k/m²–¥488k/m²
2013–¥314k/m²–¥500k/m²
2014–¥337k/m²¥413k/m²¥490k/m²
2015–¥322k/m²–¥485k/m²
2016–¥293k/m²–¥494k/m²
2017–¥314k/m²–¥494k/m²
2018–¥271k/m²–¥500k/m²
2019–¥322k/m²–¥532k/m²
2020–¥257k/m²–¥500k/m²
2021–¥295k/m²–¥516k/m²
2022–¥293k/m²––
2023–¥315k/m²––
2024–¥308k/m²––
2025–¥356k/m²––

Prices near train stations in Nishitokyo 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)
Tanashi (田無)¥27.0M¥533k/m²¥53.0M1433466,551-12% vs 2019
Hibarigaoka(Tokyo) (ひばりケ丘(東京))¥46.0M¥692k/m²¥54.0M1321066,846-10% vs 2019
Seibu Yagisawa (西武柳沢)¥27.5M¥505k/m²¥49.0M1012615,433-7% vs 2019
Hoya (保谷)¥35.0M¥617k/m²¥56.0M1212255,681-12% vs 2019
Higashi Fushimi (東伏見)¥36.0M¥571k/m²¥49.5M96721,285-15% vs 2019
Hana Koganei (花小金井)––¥54.0M155452,593-11% vs 2019
Musashi Sakai (武蔵境)––¥59.0M2018150,834-11% vs 2019

Used condo prices by layout in Nishitokyo City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥40.0M70 m²209
2LDK¥33.0M60 m²52
1K¥20.0M25 m²22
4LDK¥51.0M100 m²17
1LDK¥19.0M40 m²12
2DK¥14.0M40 m²11
1DK¥19.5M25 m²10

How much does an apartment cost in Nishitokyo City?

The median used condo (mansion) in Nishitokyo City sold for ¥37.0M in 2025, about ¥600k/m², based on 120 recorded sales.

How much does a house cost in Nishitokyo City?

The median house sale, including the land, was ¥55.0M in 2025 across 220 sales.

Are property prices in Nishitokyo City going up?

Over the five years to 2025, condo prices per m² changed +29.9% and residential land prices changed +4.8%.

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.