Narusawa Village, Minamitsuru County Housing Market Report 2026
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 79
In short
- 1Price growth is speeding up
House values per m² have risen about 4.1% a year over the past five years, faster than the 1.7% a year of the five years before.
- 2Outperforming Yamanashi
Per m², houses here are 11% above the Yamanashi average.
- 3What a typical purchase costs
Half of all house sales last year were between ¥6.5M and ¥28.0M.
- 4A shrinking population
The population fell 2.2% between 2020 and 2025 (−3.7% for the wider area).
The answers, compared
What does a home cost?
¥10.0M
median house · ¥125k/m²
14% above the Yamanashi median
7 of 12 areas in Yamanashi, highest first
Are prices rising?
+18.3%
over 5 years
Slower than Yamanashi (+69.0%)
10 of 13 areas in Yamanashi, highest first
Can local earners afford it?
2.8× income
median price ÷ average taxable income
Easier than Yamanashi (5.1×)
9 of 13 areas in Yamanashi, highest first
Are people moving in?
-2.2%
population, 2020–25
Shrinking slower than Yamanashi (-3.7%)
6 of 15 areas in Yamanashi, highest first
How risky is it?
49%
chance of strong shaking (6-lower+) in 30 years
Higher than Yamanashi (40%)
6 of 15 areas in Yamanashi, highest first
What the data says
Price growth is speeding up
House values per m² have risen about 4.1% a year over the past five years, faster than the 1.7% 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.
Outperforming Yamanashi
Per m², houses here are 11% above the Yamanashi average. The premium has grown from 4% ten years ago, so Narusawa Village, Minamitsuru County has been outperforming its surroundings.
What a typical purchase costs
Half of all house sales last year were between ¥6.5M and ¥28.0M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 2.2% between 2020 and 2025 (−3.7% for the wider area). More people moved in than out in 2025, a net gain of about 4.3 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 5.9% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Moderate earthquake risk
The government's seismic model gives a 49% chance of shaking of intensity 6-lower or stronger in the next 30 years (40% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.
Local incomes are close to average
Taxpayers here reported an average taxable income of ¥3.6m in 2023 (¥3.5m for the wider area). That is +25% since 2014. Averages are pulled up by a few very high earners, so a typical household earns less than this.
Living in Narusawa Village, Minamitsuru County: people, homes and risks
- Population 2025
- 2,761
- -2.2% since 2020
- Yamanashi: -3.7%
- Net moves in 2025
- +12
- +4.35 per 1,000 residents
- Yamanashi: -1.11
- Strong earthquake risk
- 49.0%
- chance of shaking of intensity 6-lower or more within 30 years
- Yamanashi: 40.4%
- Average income per taxpayer
- ¥3.6M
- taxable income in 2023
- Yamanashi: ¥3.5M
- Daytime population
- 101
- people here by day per 100 residents (2020 census)
- Foreign residents
- 1.5%
- 45 registered residents in 2024
- Yamanashi: 2.9%
- Clinics
- 7.2
- per 10,000 residents; 0 hospitals, 1 dental clinics (2020)
- Yamanashi: 8.9
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 Narusawa Village, Minamitsuru County
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
¥5.0M
¥77k/m²
- (No Address)
- Kawaguchiko
- Land 520 m² · floor 65 m²
- Built 1980 (46 yrs) · Wood
¥10.0M
¥125k/m²
- (No Address)
- Kawaguchiko
- Land 1000 m² · floor 80 m²
- Built 1986 (39 yrs) · Wood
¥30.0M
¥207k/m²
- (No Address)
- Kawaguchiko
- Land 400 m² · floor 145 m²
- Built 2004 (22 yrs) · Light steel
Show data table
| Year | House |
|---|---|
| 2007 | – |
| 2008 | – |
| 2009 | – |
| 2010 | ¥9.7M |
| 2011 | ¥8.5M |
| 2012 | ¥7.4M |
| 2013 | ¥9.0M |
| 2014 | ¥8.6M |
| 2015 | ¥8.0M |
| 2016 | ¥7.7M |
| 2017 | ¥5.7M |
| 2018 | ¥9.8M |
| 2019 | ¥7.8M |
| 2020 | ¥7.3M |
| 2021 | ¥11.0M |
| 2022 | ¥10.0M |
| 2023 | ¥10.0M |
| 2024 | ¥13.0M |
| 2025 | ¥10.0M |
Show data table
| Year | House | Land |
|---|---|---|
| 2007 | – | ¥11k/m² |
| 2008 | – | ¥7k/m² |
| 2009 | – | ¥6k/m² |
| 2010 | ¥100k/m² | ¥7k/m² |
| 2011 | ¥110k/m² | ¥8k/m² |
| 2012 | ¥111k/m² | ¥5k/m² |
| 2013 | ¥96k/m² | ¥8k/m² |
| 2014 | ¥107k/m² | ¥5k/m² |
| 2015 | ¥113k/m² | ¥1k/m² |
| 2016 | ¥88k/m² | ¥2k/m² |
| 2017 | ¥67k/m² | ¥6k/m² |
| 2018 | ¥108k/m² | ¥5k/m² |
| 2019 | ¥109k/m² | ¥3k/m² |
| 2020 | ¥92k/m² | ¥3k/m² |
| 2021 | ¥112k/m² | ¥5k/m² |
| 2022 | ¥120k/m² | ¥4k/m² |
| 2023 | ¥107k/m² | ¥3k/m² |
| 2024 | ¥121k/m² | ¥4k/m² |
| 2025 | ¥125k/m² | ¥4k/m² |
Show data table
| Building age (years) | House |
|---|---|
| 31 | ¥88k/m² |
| 35 | ¥87k/m² |
Prices near train stations in Narusawa Village, Minamitsuru County
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) |
|---|---|---|---|---|---|---|
| Kawaguchiko (河口湖) | – | – | ¥11.0M | – | 96 | 4,381+38% vs 2019 |
How much does a house cost in Narusawa Village, Minamitsuru County?
The median house sale, including the land, was ¥10.0M in 2025 across 33 sales.
Are property prices in Narusawa Village, Minamitsuru County going up?
Over the five years to 2025, residential land prices changed +18.3%.
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.