Kintaikyo Bridge, Iwakuni, Yamaguchi
Photo: Kintaikyo Bridge, Iwakuni, Yamaguchi · Shino Nakamura / Unsplash

Nagato City Housing Market Report 2026

Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 51

In short

  1. 1
    A long, slow decline

    House prices per m² have been falling for a decade, by about 6.3% a year recently.

  2. 2
    Lagging Yamaguchi

    Per m², houses here are 65% below the Yamaguchi average.

  3. 3
    Station distance barely matters

    Houses 11–15 minutes from a station sell for similar or higher prices than those near one, which usually means buyers here drive or value quiet residential streets.

  4. 4
    What a typical purchase costs

    Half of all house sales last year were between ¥1.0M and ¥8.0M.

The answers, compared

What does a home cost?

¥3.0M

median house · ¥24k/m²

70% below the Yamaguchi median

10 of 10 areas in Yamaguchi, highest first

Are prices rising?

+4.0%

over 5 years

Slower than Yamaguchi (+6.7%)

5 of 12 areas in Yamaguchi, highest first

Can local earners afford it?

1.0× income

median price ÷ average taxable income

Easier than Yamaguchi (4.4×)

12 of 13 areas in Yamaguchi, highest first

Rent or buy?

7years of rent

median price ÷ a year of median rent

Shorter than Yamaguchi (28)

12 of 12 areas in Yamaguchi, highest first

Are people moving in?

-11.3%

population, 2020–25

Shrinking faster than Yamaguchi (-5.8%)

12 of 13 areas in Yamaguchi, highest first

How risky is it?

11%

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

In line with Yamaguchi (12%)

6 of 13 areas in Yamaguchi, highest first

Rent in Nagato City

The average private rental costs ¥40k a month (2023), +0.5% since 2018. Yamaguchi: ¥48k

Floor areaAverage rent / month
under 30 m²
studio / 1K
¥35k
vs 2018 +26.3% · Yamaguchi: ¥37k
30–49 m²
1LDK / 2DK
¥41k
vs 2018 -1.2% · Yamaguchi: ¥48k
50–69 m²
2LDK / 3DK
¥48k
vs 2018 +2.8% · Yamaguchi: ¥55k
Rent per m²
¥956
median, per month · Yamaguchi: ¥1,193

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. 2,140 rented homes.

What the data says

A long, slow decline

House prices per m² have been falling for a decade, by about 6.3% a year recently. Prices are low, but resale values are likely to keep easing, so buy here to live, not as an investment.

Lagging Yamaguchi

Per m², houses here are 65% below the Yamaguchi average. Ten years ago the gap was 37%, so Nagato City has been falling behind the rest of Yamaguchi.

Station distance barely matters

Houses 11–15 minutes from a station sell for similar or higher prices than those near one, which usually means buyers here drive or value quiet residential streets.

What a typical purchase costs

Half of all house sales last year were between ¥1.0M and ¥8.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 11.3% between 2020 and 2025 (−5.8% for the wider area). More people moved out than in during 2025 (about 2.6 per 1,000 residents), which weakens long-term housing demand.

Many abandoned homes

22.2% of homes were empty in 2023 (19.4% for the wider area), and 17.4% were empty without being for rent, for sale or used as second homes. That is a high share of truly abandoned homes (akiya), a sign of weak demand. Cheap houses are easy to find, but resale can be slow.

Lower earthquake risk

The government's seismic model gives a 11% chance of shaking of intensity 6-lower or stronger in the next 30 years (12% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.

Local incomes are below average

Taxpayers here reported an average taxable income of ¥3.0m in 2023 (¥3.4m for the wider area). That is +18% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.

Official land prices are still falling

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed 0% in the year to January 2026 and -3% over five years. 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, 20% are in a landslide warning area. 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 Nagato City: people, homes and risks

Population 2025
28,832
-11.3% since 2020
Yamaguchi: -5.8%
Net moves in 2025
-74
-2.57 per 1,000 residents
Yamaguchi: -3.88
Vacant homes (2023)
22.2%
17.4% empty and not for rent or sale
Yamaguchi: 19.4%
Median rent (2023)
¥36k
per month, all rented homes
Yamaguchi: ¥44k
Strong earthquake risk
11.4%
chance of shaking of intensity 6-lower or more within 30 years
Yamaguchi: 11.7%
Average income per taxpayer
¥3.0M
taxable income in 2023
Yamaguchi: ¥3.4M
Daytime population
98
people here by day per 100 residents (2020 census)
Foreign residents
1.9%
558 registered residents in 2024
Yamaguchi: 1.6%
Clinics
9.4
per 10,000 residents; 5 hospitals, 15 dental clinics (2020)
Yamaguchi: 10.0
Official land price 2026
¥19k/m²
-0.3% in a year · -2.9% in 5 years
Yamaguchi: ¥33k/m²
Flood exposure
0.0%
of 5 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Yamaguchi: 35.6%
Landslide exposure
20.0%
of 5 benchmark sites in a landslide warning area
Yamaguchi: 10.7%

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 Nagato 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.

House

Lower-priced2025 Q4

¥1.0M

¥4k/m²

  • Senzaki
  • Senzaki · 1 min walk
  • Land 120 m² · floor 260 m²
  • Built 1970 (55 yrs) · Steel
Typical2025 Q4

¥3.0M

¥18k/m²

  • Senzaki
  • Senzaki · 8 min walk
  • Land 135 m² · floor 165 m²
  • Built 1993 (32 yrs) · Wood
Higher-priced2025 Q4

¥8.0M

¥28k/m²

  • Hekikami
  • Kiwado · 2 min walk
  • Land 1200 m² · floor 290 m²
  • Built 1990 (35 yrs) · Wood
Median transaction price by year
¥0¥2.0M¥4.0M¥6.0M¥8.0M2007200920112013201520172019202120232025
Show data table
YearHouse
2007–
2008–
2009¥4.5M
2010–
2011–
2012–
2013–
2014¥6.8M
2015¥7.1M
2016¥3.9M
2017¥4.5M
2018–
2019¥5.0M
2020¥5.5M
2021¥4.8M
2022¥6.8M
2023¥4.8M
2024¥3.8M
2025¥3.0M
Median price per m² by year
¥0¥20k¥40k¥60k¥80k2007200920112013201520172019202120232025
Show data table
YearHouseLand
2007–¥21k/m²
2008–¥12k/m²
2009¥47k/m²–
2010–¥17k/m²
2011–¥17k/m²
2012–¥17k/m²
2013–¥15k/m²
2014¥51k/m²¥12k/m²
2015¥63k/m²¥11k/m²
2016¥51k/m²¥8k/m²
2017¥40k/m²–
2018–¥10k/m²
2019¥45k/m²¥12k/m²
2020¥36k/m²¥9k/m²
2021¥37k/m²¥9k/m²
2022¥33k/m²¥12k/m²
2023¥38k/m²¥16k/m²
2024¥34k/m²¥11k/m²
2025¥24k/m²¥9k/m²
Price per m² by building age (2021–2025 sales)
¥0¥100k¥200k¥300k05101520253035404550
Show data table
Building age (years)House
0¥245k/m²
31¥46k/m²
50¥10k/m²

Prices near train stations in Nagato 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)
Senzaki (仙崎)––¥6.0M92396+7% vs 2019
Nagatoshi (長門市)––¥7.1M1119588-21% vs 2019
Nagato Misumi (長門三隅)––¥3.0M2211112+33% vs 2019
Nagato Furuichi (長門古市)––¥3.0M1210168-26% vs 2019

How much does a house cost in Nagato City?

The median house sale, including the land, was ¥3.0M in 2025 across 21 sales.

Are property prices in Nagato City going up?

Over the five years to 2025, residential land prices changed +4.0%.

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.