Toyama Housing Market 2026: A Compact City That Is Paying Off
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 1,890
In short
- 1Toyama City condos are rising fast
Toyama City's condo prices per m² have risen about 52% in five years, and across the prefecture condo prices accelerated to about 9% a year, although on only about 90 sales a year.
- 2Houses are rising too, and it is real
Unusually, house prices have also jumped: the median house price rose about 30% between 2023 and 2025, and the price per m² rose about 27%, so this is a genuine increase, not just bigger houses selling.
- 3Land is flat
On the government's fixed benchmark sites, residential land has been flat for five years and is 47% below its 1991 level.
- 4Population and vacancy
Toyama's population fell 4.7% between 2020 and 2025, while households grew 1.6%.
- 5Flood risk is high
Toyama sits on the alluvial fans of fast rivers coming off the Tateyama range: about 81% of benchmark sites are in a worst-case flood zone and 19% face 3 m or deeper flooding, among the highest shares in Japan.
The answers, compared
What does a home cost?
¥18.0M
median used condo · ¥273k/m²
51% below the Japan median
20 of 47 prefectures, highest first
Are prices rising?
+47.7%
over 5 years
Faster than Japan (+33.4%)
5 of 47 prefectures, highest first
Can local earners afford it?
5.4× income
median price ÷ average taxable income
Easier than Japan (6.6×)
23 of 47 prefectures, highest first
Rent or buy?
32years of rent
median price ÷ a year of median rent
Shorter than Japan (38)
22 of 47 prefectures, highest first
Are people moving in?
-4.7%
population, 2020–25
Shrinking faster than Japan (-2.5%)
32 of 47 prefectures, highest first
How risky is it?
10%
chance of strong shaking (6-lower+) in 30 years
Lower than Japan (38%)
39 of 47 prefectures, highest first
Rent in Toyama
The average private rental costs ¥51k a month (2023), +4.0% since 2018. Japan: ¥65k
| Floor area | Typical layout | Average rent / month | ToyamaJapan |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥39k vs 2018 +0.7% · Japan: ¥53k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥50k vs 2018 +4.6% · Japan: ¥64k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥57k vs 2018 +2.6% · Japan: ¥75k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥66k vs 2018 +14.6% · Japan: ¥88k | |
| 100–149 m² mostly houses | mostly houses | ¥53k vs 2018 -0.4% · Japan: ¥84k | |
| 150 m² + mostly houses | mostly houses | ¥58k vs 2018 +18.7% · Japan: ¥91k |
- Rent per m²
- ¥1,272
- median, per month · Japan: ¥1,598
- The median used condo (¥18.0M, 70 m²) costs about 23 years of average rent for a similar-sized home (¥66k 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. 72,300 rented homes.
Toyama City condos are rising fast
Toyama City's condo prices per m² have risen about 52% in five years, and across the prefecture condo prices accelerated to about 9% a year, although on only about 90 sales a year. Toyama City's "compact city" policy, which concentrates homes and services along its light rail and tram network, and the Hokuriku Shinkansen (since 2015) have made central Toyama increasingly attractive.
Houses are rising too, and it is real
Unusually, house prices have also jumped: the median house price rose about 30% between 2023 and 2025, and the price per m² rose about 27%, so this is a genuine increase, not just bigger houses selling. Toyama has some of the largest and newest houses in Japan, and building costs have risen sharply.
Land is flat
On the government's fixed benchmark sites, residential land has been flat for five years and is 47% below its 1991 level. The price rises are about buildings and central locations, not land.
Population and vacancy
Toyama's population fell 4.7% between 2020 and 2025, while households grew 1.6%. 8.4% of homes are abandoned, and transactions fell about 22% in three years.
Flood risk is high
Toyama sits on the alluvial fans of fast rivers coming off the Tateyama range: about 81% of benchmark sites are in a worst-case flood zone and 19% face 3 m or deeper flooding, among the highest shares in Japan. Earthquake risk on the national model is relatively low (about 10% chance of 6-lower shaking in 30 years), though the 2024 Noto earthquake caused liquefaction near the coast.
Living in Toyama: people, homes and risks
- Population 2025
- 985,675
- -4.7% since 2020
- Japan: -2.5%
- Net moves in 2025
- -2,324
- -2.36 per 1,000 residents
- Vacant homes (2023)
- 14.7%
- 8.4% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥47k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 10.1%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Average income per taxpayer
- ¥3.3M
- taxable income in 2023
- Japan: ¥3.9M
- Foreign residents
- 2.4%
- 23,783 registered residents in 2024
- Japan: 3.0%
- Clinics
- 7.8
- per 10,000 residents; 106 hospitals, 444 dental clinics (2020)
- Japan: 8.5
- Official land price 2026
- ¥31k/m²
- +0.2% in a year · +0.1% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 81.2%
- of 218 benchmark sites in a worst-case flood zone (18.8% 3 m or deeper)
- Japan: 42.6%
- Landslide exposure
- 0.0%
- of 218 benchmark sites in a landslide warning area
- Japan: 2.6%
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 Toyama
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
¥7.1M
¥284k/m²
- Gofuku, Toyama City
- Toyama Daigaku Mae · 2 min walk
- 1K · 25 m²
- Built 2006 (19 yrs) · RC
¥21.0M
¥247k/m²
- Awaramachi, Takaoka City
- Takaoka(Toyama) · 26 min walk
- 4LDK · 85 m²
- Built 2005 (20 yrs)
¥43.0M
¥506k/m²
- Sakuramachi, Toyama City
- Toyama · 5 min walk
- 3LDK · 85 m²
- Built 2014 (12 yrs) · RC
House
¥2.8M
¥33k/m²
- Takayashiki, Toyama City
- Oizumi(Toyama) · 21 min walk
- Land 175 m² · floor 85 m²
- Built 1970 (55 yrs) · Wood
¥12.0M
¥114k/m²
- Shimoshimmachi, Toyama City
- Toyama · 14 min walk
- Land 155 m² · floor 105 m²
- Built 2003 (23 yrs) · Wood
¥28.0M
¥215k/m²
- Oeboshi, Toyama City
- Etchu Ebara · 14 min walk
- Land 270 m² · floor 130 m²
- Built 2016 (10 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥8.5M | ¥13.5M |
| 2008 | ¥10.0M | ¥14.0M |
| 2009 | ¥17.0M | ¥14.0M |
| 2010 | ¥16.0M | ¥13.0M |
| 2011 | ¥16.0M | ¥12.0M |
| 2012 | ¥17.0M | ¥12.0M |
| 2013 | ¥10.4M | ¥12.0M |
| 2014 | ¥11.0M | ¥12.0M |
| 2015 | ¥11.0M | ¥12.0M |
| 2016 | ¥11.0M | ¥13.0M |
| 2017 | ¥16.0M | ¥14.0M |
| 2018 | ¥14.5M | ¥14.0M |
| 2019 | ¥12.0M | ¥13.0M |
| 2020 | ¥12.0M | ¥13.0M |
| 2021 | ¥14.5M | ¥13.0M |
| 2022 | ¥15.0M | ¥13.0M |
| 2023 | ¥16.0M | ¥9.2M |
| 2024 | ¥21.0M | ¥10.5M |
| 2025 | ¥18.0M | ¥12.0M |
| 2026 (partial) | ¥20.0M | ¥11.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥164k/m² | ¥98k/m² | ¥30k/m² |
| 2008 | ¥167k/m² | ¥85k/m² | ¥26k/m² |
| 2009 | ¥246k/m² | ¥87k/m² | ¥27k/m² |
| 2010 | ¥200k/m² | ¥83k/m² | ¥26k/m² |
| 2011 | ¥234k/m² | ¥76k/m² | ¥25k/m² |
| 2012 | ¥240k/m² | ¥77k/m² | ¥23k/m² |
| 2013 | ¥153k/m² | ¥80k/m² | ¥24k/m² |
| 2014 | ¥163k/m² | ¥79k/m² | ¥20k/m² |
| 2015 | ¥151k/m² | ¥80k/m² | ¥21k/m² |
| 2016 | ¥173k/m² | ¥78k/m² | ¥21k/m² |
| 2017 | ¥212k/m² | ¥81k/m² | ¥24k/m² |
| 2018 | ¥194k/m² | ¥83k/m² | ¥25k/m² |
| 2019 | ¥185k/m² | ¥75k/m² | ¥25k/m² |
| 2020 | ¥185k/m² | ¥80k/m² | ¥26k/m² |
| 2021 | ¥214k/m² | ¥80k/m² | ¥26k/m² |
| 2022 | ¥213k/m² | ¥75k/m² | ¥27k/m² |
| 2023 | ¥257k/m² | ¥55k/m² | ¥24k/m² |
| 2024 | ¥300k/m² | ¥64k/m² | ¥27k/m² |
| 2025 | ¥273k/m² | ¥70k/m² | ¥26k/m² |
| 2026 (partial) | ¥291k/m² | ¥70k/m² | ¥28k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥250k/m² |
| 1 | – | ¥243k/m² |
| 2 | – | ¥250k/m² |
| 3 | – | ¥220k/m² |
| 4 | – | ¥221k/m² |
| 5 | – | ¥227k/m² |
| 6 | ¥577k/m² | ¥203k/m² |
| 7 | – | ¥204k/m² |
| 8 | – | ¥167k/m² |
| 9 | – | ¥175k/m² |
| 10 | ¥413k/m² | ¥159k/m² |
| 11 | – | ¥163k/m² |
| 12 | – | ¥135k/m² |
| 13 | ¥348k/m² | ¥168k/m² |
| 14 | ¥329k/m² | ¥133k/m² |
| 15 | – | ¥141k/m² |
| 16 | ¥343k/m² | ¥121k/m² |
| 17 | ¥267k/m² | ¥129k/m² |
| 18 | – | ¥119k/m² |
| 19 | – | ¥114k/m² |
| 20 | – | ¥98k/m² |
| 21 | ¥257k/m² | ¥118k/m² |
| 22 | ¥253k/m² | ¥97k/m² |
| 23 | ¥207k/m² | ¥90k/m² |
| 24 | ¥227k/m² | ¥97k/m² |
| 25 | ¥210k/m² | ¥90k/m² |
| 26 | – | ¥90k/m² |
| 27 | – | ¥74k/m² |
| 28 | – | ¥68k/m² |
| 29 | ¥131k/m² | ¥85k/m² |
| 30 | ¥183k/m² | ¥88k/m² |
| 31 | ¥186k/m² | ¥59k/m² |
| 32 | ¥147k/m² | ¥64k/m² |
| 33 | ¥163k/m² | ¥59k/m² |
| 34 | ¥145k/m² | ¥50k/m² |
| 35 | ¥156k/m² | ¥60k/m² |
| 36 | – | ¥56k/m² |
| 37 | – | ¥73k/m² |
| 38 | – | ¥62k/m² |
| 39 | – | ¥62k/m² |
| 40 | – | ¥63k/m² |
| 41 | – | ¥49k/m² |
| 42 | – | ¥27k/m² |
| 43 | – | ¥42k/m² |
| 44 | – | ¥34k/m² |
| 45 | – | ¥29k/m² |
| 46 | – | ¥24k/m² |
| 47 | – | ¥28k/m² |
| 48 | – | ¥31k/m² |
| 49 | – | ¥23k/m² |
| 50 | – | ¥21k/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 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|
| 2007 | ¥149k/m² | – | – |
| 2008 | ¥145k/m² | ¥272k/m² | – |
| 2009 | ¥150k/m² | ¥304k/m² | – |
| 2010 | ¥133k/m² | ¥338k/m² | – |
| 2011 | ¥119k/m² | ¥286k/m² | ¥386k/m² |
| 2012 | ¥141k/m² | – | ¥380k/m² |
| 2013 | ¥145k/m² | – | – |
| 2014 | ¥132k/m² | – | – |
| 2015 | ¥141k/m² | – | – |
| 2016 | ¥141k/m² | – | – |
| 2017 | ¥150k/m² | – | – |
| 2018 | ¥162k/m² | – | – |
| 2019 | ¥150k/m² | – | – |
| 2020 | ¥155k/m² | – | – |
| 2021 | ¥177k/m² | ¥279k/m² | – |
| 2022 | ¥167k/m² | – | – |
| 2023 | ¥187k/m² | ¥267k/m² | – |
| 2024 | ¥160k/m² | – | ¥460k/m² |
| 2025 | ¥175k/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 | ¥62k/m² | ¥97k/m² | ¥179k/m² | – |
| 2008 | ¥58k/m² | ¥91k/m² | ¥186k/m² | – |
| 2009 | ¥51k/m² | ¥88k/m² | ¥179k/m² | – |
| 2010 | ¥53k/m² | ¥86k/m² | ¥160k/m² | – |
| 2011 | ¥47k/m² | ¥84k/m² | ¥156k/m² | ¥210k/m² |
| 2012 | ¥41k/m² | ¥80k/m² | ¥137k/m² | ¥211k/m² |
| 2013 | ¥51k/m² | ¥81k/m² | ¥137k/m² | ¥208k/m² |
| 2014 | ¥47k/m² | ¥83k/m² | ¥138k/m² | ¥212k/m² |
| 2015 | ¥38k/m² | ¥84k/m² | ¥139k/m² | ¥223k/m² |
| 2016 | ¥44k/m² | ¥76k/m² | ¥136k/m² | ¥220k/m² |
| 2017 | ¥49k/m² | ¥74k/m² | ¥138k/m² | ¥222k/m² |
| 2018 | ¥44k/m² | ¥75k/m² | ¥125k/m² | ¥220k/m² |
| 2019 | ¥35k/m² | ¥71k/m² | ¥132k/m² | ¥219k/m² |
| 2020 | ¥41k/m² | ¥68k/m² | ¥126k/m² | ¥219k/m² |
| 2021 | ¥31k/m² | ¥74k/m² | ¥121k/m² | ¥210k/m² |
| 2022 | ¥33k/m² | ¥71k/m² | ¥128k/m² | ¥192k/m² |
| 2023 | ¥29k/m² | ¥62k/m² | ¥113k/m² | ¥214k/m² |
| 2024 | ¥27k/m² | ¥67k/m² | ¥123k/m² | ¥181k/m² |
| 2025 | ¥27k/m² | ¥68k/m² | ¥120k/m² | ¥209k/m² |
| 2026 (partial) | ¥22k/m² | ¥65k/m² | ¥119k/m² | – |
Prices by area in Toyama
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Toyama City | ¥274k/m² | ¥19.5M | ¥17.0M | ¥36k/m² | +52.3% |
| Namerikawa City | – | – | ¥12.5M | ¥21k/m² | – |
| Imizu City | – | – | ¥13.5M | ¥25k/m² | – |
| Takaoka City | – | – | ¥10.0M | ¥27k/m² | – |
| Uozu City | – | – | ¥5.3M | ¥25k/m² | – |
| Kurobe City | – | – | ¥6.5M | ¥19k/m² | – |
| Nanto City | – | – | ¥5.3M | ¥21k/m² | – |
| Himi City | – | – | ¥5.0M | ¥10k/m² | – |
| Tonami City | – | – | ¥4.5M | ¥15k/m² | – |
| Oyabe City | – | – | – | ¥8k/m² | – |
| Tateyama Town, Nakaniikawa County | – | – | – | ¥31k/m² | – |
Prices near train stations in Toyama
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 |
|---|---|---|---|---|---|
| Takaoka(Toyama) (高岡) | ¥15.5M | ¥213k/m² | ¥8.5M | 18 | 339 |
| Toyama (富山) | ¥25.5M | ¥355k/m² | ¥23.0M | 19 | 301 |
| Kosugi(Ainokaze) (小杉(あいの風)) | – | – | ¥14.5M | 17 | 94 |
| Minami Toyama (南富山) | ¥13.5M | ¥186k/m² | ¥21.0M | 13 | 94 |
| Himi (氷見) | – | – | ¥4.4M | 15 | 68 |
| Kureha (呉羽) | – | – | ¥14.0M | 16 | 65 |
| Higashi Shinjo (東新庄) | – | – | ¥20.0M | 18 | 63 |
| Oizumi(Toyama) (大泉(富山)) | – | – | ¥16.0M | 19 | 61 |
| Etchu Daimon (越中大門) | – | – | ¥15.0M | 16 | 55 |
| Etchu Ebara (越中荏原) | – | – | ¥17.0M | 15 | 55 |
| Isurugi (石動) | – | – | ¥5.0M | 19 | 51 |
| Sasazu (笹津) | – | – | ¥14.0M | 15 | 49 |
| Uozu (魚津) | – | – | ¥11.0M | 15 | 42 |
| Hayahoshi (速星) | – | – | ¥16.0M | 18 | 41 |
| Toide (戸出) | – | – | ¥6.0M | 13 | 40 |
Used condo prices by layout in Toyama
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥24.0M | 75 m² | 104 |
| 2LDK | ¥19.0M | 60 m² | 49 |
| 4LDK | ¥22.0M | 90 m² | 20 |
| 1LDK | ¥8.0M | 45 m² | 13 |
| 1K | ¥4.2M | 22.5 m² | 12 |
How much does an apartment cost in Toyama?
The median used condo (mansion) in Toyama sold for ¥18.0M in 2025, about ¥273k/m², based on 87 recorded sales.
How much does a house cost in Toyama?
The median house sale, including the land, was ¥12.0M in 2025 across 875 sales.
Are property prices in Toyama going up?
Over the five years to 2025, condo prices per m² changed +47.7% and residential land prices changed 0.0%.
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.