Nagoya Castle, Nagoya, Aichi
Photo: Nagoya Castle, Nagoya, Aichi · Shuken Nakamura / Unsplash

Midori Ward, Nagoya City Housing Market Report 2025

Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2

Key figures for 2025

Median used condo price
¥19.0M
¥248k/m²
Median house price (land + building)
¥45.0M
Residential land per m² (sales)
¥170k/m²
+13.3% over 5 years
Transactions in 2025
445
#30 of 61 areas in Aichi by price per m²

What the data says

Steady, predictable growth

Condo prices per m² have climbed about 0.9% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.

Lagging Aichi

Per m², condos here are 27% below the Aichi average. Ten years ago the gap was 2%, so Midori Ward, Nagoya City has been falling behind the rest of Aichi.

A modest station premium

Condos within a 5-minute walk of a station sell for about 6% more per m² than those 11–15 minutes away. The penalty for a longer walk is mild, so it is worth widening your search radius.

A family market

85% 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 18% 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 ¥11.8M and ¥28.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 0.6% between 2020 and 2025 (−1.2% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 2.8% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Few abandoned homes

7.8% of homes were empty in 2023 (11.8% for the wider area), and 2.8% 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 25.2 years of the area's median rent (¥63k a month), compared with 30 years for the wider area. That is a middle-of-the-road ratio for Japan. Rents here cover all rented homes, so treat this as a rough guide.

Moderate earthquake risk

The government's seismic model gives a 40% chance of shaking of intensity 6-lower or stronger in the next 30 years (56% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

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 +3% in the year to January 2026 and +18% over five years. They are still 37% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.

Little exposure to flooding

Very few of the official benchmark sites here fall in flood, tsunami or landslide zones, so most typical neighbourhoods are outside mapped hazard areas.

Living in Midori Ward, Nagoya City: people, homes and risks

Population 2025
247,294
-0.6% since 2020
Aichi: -1.2%
Net moves in 2025
-168
-0.68 per 1,000 residents
Aichi: -0.29
Vacant homes (2023)
7.8%
2.8% empty and not for rent or sale
Aichi: 11.8%
Median rent (2023)
¥63k
per month, all rented homes
Aichi: ¥55k
Strong earthquake risk
40.3%
chance of shaking of intensity 6-lower or more within 30 years
Aichi: 56.0%
Official land price 2026
¥177k/m²
+3.1% in a year · +18.2% in 5 years
Aichi: ¥109k/m²
Flood exposure
4.3%
of 46 benchmark sites in a worst-case flood zone (2.2% 3 m or deeper)
Aichi: 40.5%
Tsunami exposure
2.2%
of 46 benchmark sites in a tsunami inundation zone
Aichi: 10.0%
Landslide exposure
0.0%
of 46 benchmark sites in a landslide warning area
Aichi: 0.4%

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). Earthquake probability is measured at the municipal center.

Example sales in Midori Ward, Nagoya 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-priced2025 Q4

¥8.5M

¥131k/m²

  • Odakacho
  • Odaka(Aichi) · 9 min walk
  • 3LDK · 65 m²
  • Built 1987 (38 yrs) · RC
Typical2025 Q4

¥19.0M

¥253k/m²

  • Tokushige
  • Tokushige · 11 min walk
  • 4LDK · 75 m²
  • Built 1988 (37 yrs)
Higher-priced2026 Q1

¥31.0M

¥477k/m²

  • Mototokushige
  • Tokushige · 8 min walk
  • 3LDK · 65 m²
  • Built 2023 (3 yrs) · RC

House

Lower-priced2026 Q1

¥30.0M

¥316k/m²

  • Odakacho
  • Odaka(Aichi) · 24 min walk
  • Land 105 m² · floor 95 m²
  • Built 2026 (0 yrs) · Wood
Typical2026 Q1

¥43.0M

¥478k/m²

  • Ubakoyama
  • Arimatsu · 18 min walk
  • Land 115 m² · floor 90 m²
  • Built 2025 (1 yrs)
Higher-priced2026 Q2

¥55.0M

¥611k/m²

  • Bunkyuyama
  • Minami Odaka · 19 min walk
  • Land 200 m² · floor 90 m²
  • Built 2025 (1 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥14.0M¥38.0M
2006¥20.0M¥37.0M
2007¥15.5M¥38.0M
2008¥15.0M¥38.0M
2009¥14.0M¥37.5M
2010¥15.0M¥34.0M
2011¥15.0M¥39.0M
2012¥14.5M¥38.0M
2013¥14.0M¥36.0M
2014¥15.0M¥36.0M
2015¥16.0M¥37.5M
2016¥15.0M¥38.0M
2017¥16.0M¥38.5M
2018¥18.0M¥40.5M
2019¥16.0M¥41.0M
2020¥16.0M¥41.0M
2021¥19.0M¥40.0M
2022¥19.0M¥42.0M
2023¥17.0M¥42.0M
2024¥16.0M¥43.0M
2025¥19.0M¥45.0M
2026 (partial)¥19.5M¥42.0M
Median price per m² by yearHouses carry a premium — A m² of house floor costs about 61% more than a condo here, which usually means land is scarce and houses are a premium product.
¥0¥100k¥200k¥300k¥400k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥183k/m²¥324k/m²¥110k/m²
2006¥241k/m²¥326k/m²¥120k/m²
2007¥206k/m²¥338k/m²¥120k/m²
2008¥200k/m²¥341k/m²¥130k/m²
2009¥200k/m²¥305k/m²¥130k/m²
2010¥200k/m²¥305k/m²¥130k/m²
2011¥211k/m²¥330k/m²¥130k/m²
2012¥200k/m²¥323k/m²¥130k/m²
2013¥188k/m²¥318k/m²¥130k/m²
2014¥211k/m²¥327k/m²¥130k/m²
2015¥214k/m²¥330k/m²¥125k/m²
2016¥217k/m²¥345k/m²¥140k/m²
2017¥224k/m²¥362k/m²¥140k/m²
2018¥237k/m²¥378k/m²¥150k/m²
2019¥228k/m²¥379k/m²¥150k/m²
2020¥227k/m²¥389k/m²¥150k/m²
2021¥257k/m²¥371k/m²¥150k/m²
2022¥263k/m²¥396k/m²¥160k/m²
2023¥241k/m²¥391k/m²¥170k/m²
2024¥227k/m²¥387k/m²¥170k/m²
2025¥248k/m²¥380k/m²¥170k/m²
2026 (partial)¥270k/m²¥392k/m²¥150k/m²
Price per m² by building age (2021–2025 sales)
¥0¥200k¥400k¥600k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥429k/m²
1–¥411k/m²
2–¥457k/m²
4–¥383k/m²
6–¥370k/m²
7–¥372k/m²
8–¥355k/m²
9–¥328k/m²
10¥486k/m²–
13¥442k/m²¥332k/m²
14–¥351k/m²
15¥337k/m²–
16–¥270k/m²
17–¥312k/m²
19–¥345k/m²
21–¥299k/m²
22¥293k/m²¥276k/m²
23–¥261k/m²
24¥254k/m²¥238k/m²
25¥257k/m²¥264k/m²
26¥271k/m²¥264k/m²
27¥257k/m²¥275k/m²
28¥243k/m²¥240k/m²
29¥229k/m²–
31¥200k/m²–
34¥167k/m²¥186k/m²
35¥230k/m²¥216k/m²
38–¥210k/m²
48¥73k/m²–
50¥63k/m²¥133k/m²
Condo price per m² by construction period
¥0¥100k¥200k¥300k¥400k2006200820102012201420162018202020222024

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
Year1971-19801981-20002001-2010
2006–¥186k/m²¥294k/m²
2007–¥200k/m²–
2008–¥200k/m²–
2009–¥200k/m²–
2010–¥188k/m²¥283k/m²
2011–¥205k/m²¥294k/m²
2012–¥200k/m²–
2013¥80k/m²¥200k/m²¥267k/m²
2014–¥186k/m²¥267k/m²
2015–¥200k/m²¥280k/m²
2016–¥200k/m²¥303k/m²
2017¥86k/m²¥188k/m²¥306k/m²
2018–¥220k/m²¥312k/m²
2019–¥200k/m²¥305k/m²
2020¥105k/m²¥225k/m²¥309k/m²
2021–¥243k/m²¥326k/m²
2022–¥245k/m²–
2023–¥238k/m²–
2024–¥229k/m²–
2025–¥229k/m²–
House price per m² by construction period
¥0¥100k¥200k¥300k¥400k20052007200920112013201520172019202120232025

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–¥240k/m²¥350k/m²–
2006¥200k/m²¥242k/m²¥350k/m²–
2007¥169k/m²¥264k/m²¥357k/m²–
2008¥187k/m²¥250k/m²¥362k/m²–
2009¥159k/m²¥215k/m²¥345k/m²–
2010–¥236k/m²¥348k/m²–
2011–¥243k/m²¥333k/m²¥360k/m²
2012–¥221k/m²–¥355k/m²
2013–¥220k/m²–¥348k/m²
2014–¥247k/m²–¥347k/m²
2015¥163k/m²¥228k/m²–¥350k/m²
2016–¥218k/m²–¥378k/m²
2017–¥216k/m²–¥380k/m²
2018–¥239k/m²–¥400k/m²
2019–¥225k/m²–¥400k/m²
2020–¥235k/m²–¥400k/m²
2021–¥250k/m²–¥371k/m²
2022–¥242k/m²–¥359k/m²
2023–¥235k/m²¥296k/m²–
2024–¥222k/m²––
2025–¥196k/m²¥303k/m²–

Prices near train stations in Midori Ward, Nagoya City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Tokushige (徳重)¥26.5M¥348k/m²¥49.0M18161
Arimatsu (有松)¥16.0M¥229k/m²¥37.0M14108
Narumi (鳴海)¥22.0M¥293k/m²¥43.5M12107
Kamisawa(Aichi) (神沢)¥14.0M¥200k/m²¥45.0M1195
Odaka(Aichi) (大高)––¥39.0M1062
Sakyoyama (左京山)¥16.0M¥196k/m²¥37.0M862
Chukyo Keibajo Mae (中京競馬場前)¥8.1M¥124k/m²¥40.0M1052
Nonami (野並)¥11.0M¥147k/m²¥49.5M1450
Minami Odaka (南大高)––¥43.0M1647
Aioiyama (相生山)––¥54.0M1046
Naruko Kita (鳴子北)¥27.0M¥360k/m²¥39.0M1240
Akaike(Aichi) (赤池(愛知))––¥44.0M2511

Used condo prices by layout in Midori Ward, Nagoya City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥19.0M70 m²132
4LDK¥21.0M80 m²51
2LDK¥12.0M65 m²29

How much does an apartment cost in Midori Ward, Nagoya City?

The median used condo (mansion) in Midori Ward, Nagoya City sold for ¥19.0M in 2025, about ¥248k/m², based on 84 recorded sales.

How much does a house cost in Midori Ward, Nagoya City?

The median house sale, including the land, was ¥45.0M in 2025 across 195 sales.

Are property prices in Midori Ward, Nagoya City going up?

Over the five years to 2025, condo prices per m² changed +9.4% and residential land prices changed +13.3%.

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.