Naka Ward (Nagoya) Housing Market 2025: Population Up 16%, Prices Doubled
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥21.0M
- ¥767k/m² · +9.5% vs 2024
- Median house price (land + building)
- ¥170M
- Residential land per m² (sales)
- ¥800k/m²
- +42.9% over 5 years
- Transactions in 2025
- 466
- #1 of 61 areas in Aichi by price per m²
Nagoya's centre is booming
Naka Ward covers Sakae, Fushimi and Osu. Its population grew 15.6% between 2020 and 2025, the most of Nagoya's 16 wards, while Aichi shrank 1.2%. In 2025 it had the strongest net inflow from the rest of Japan of any Nagoya ward, about 15 per 1,000 residents.
Prices
Condos cost about ¥0.77M per m² in 2025, up from ¥0.27M in 2015, and now 2.2 times the Aichi average, up from 1.2 times ten years ago. Prices per m² rose about 9.5% a year over the past five years, slower than the 13% before. Benchmark residential land rose about 137% over ten years. The median condo sold for about ¥21M.
Towers and studios
More than half of condo sales are studios; the 20 m² 1K at about ¥16M is the most traded home. Sales rose 25% in 2025. Shinsakae-Machi and Yaba-Cho are the priciest busy stations at about ¥0.8M per m². Condos lose value fast: half the price is gone by about 27 years old.
High vacancy, good yields
Vacancy is about 18%, the highest of Nagoya's wards. A median condo costs about 26 years of median rent, better than the Aichi average.
Low flood risk, real quake risk
None of Naka's benchmark sites are in a flood, tsunami or landslide zone: the ward sits on the Atsuta plateau. Earthquake probability (about 48% for 6-lower in 30 years) reflects the Nankai Trough. The Nagoya Station, Fushimi and Sakae renewal area covers the ward.
Living in Naka Ward, Nagoya City: people, homes and risks
- Population 2025
- 107,614
- +15.6% since 2020
- Aichi: -1.2%
- Net moves in 2025
- +1,561
- +14.51 per 1,000 residents
- Aichi: -0.29
- Vacant homes (2023)
- 17.6%
- 5.1% empty and not for rent or sale
- Aichi: 11.8%
- Median rent (2023)
- ¥68k
- per month, all rented homes
- Aichi: ¥55k
- Strong earthquake risk
- 47.5%
- chance of shaking of intensity 6-lower or more within 30 years
- Aichi: 56.0%
- Official land price 2026
- ¥1.1M/m²
- +3.8% in a year · +44.1% in 5 years
- Aichi: ¥109k/m²
- Flood exposure
- 0.0%
- of 46 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Aichi: 40.5%
- Landslide exposure
- 0.0%
- of 46 benchmark sites in a landslide warning area
- Aichi: 0.4%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Nagoya Station, Fushimi and Sakae · 401 ha · designated 2002 · Specified zone (highest priority)
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 Naka 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
¥16.0M
¥800k/m²
- Osu
- Yaba Cho · 4 min walk
- 1K · 20 m²
- Built 2009 (17 yrs) · RC
¥21.0M
¥1.1M/m²
- Aoi
- Shinsakae Machi(Aichi) · 2 min walk
- 1K · 20 m²
- Built 2021 (5 yrs) · RC
¥37.0M
¥529k/m²
- Chiyoda
- Higashi Betsuin · 6 min walk
- 2LDK · 70 m²
- Built 2007 (19 yrs) · RC
House
¥85.0M
¥167k/m²
- Shinsakae
- Shinsakae Machi(Aichi) · 9 min walk
- Land 140 m² · floor 510 m²
- Built 1972 (53 yrs) · RC
¥220M
¥247k/m²
- Chiyoda
- Higashi Betsuin · 6 min walk
- Land 200 m² · floor 890 m²
- Built 1986 (40 yrs) · SRC
¥480M
¥369k/m²
- Shinsakae
- Shinsakae Machi(Aichi) · 8 min walk
- Land 410 m² · floor 1300 m²
- Built 2011 (15 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥6.0M | ¥99.0M |
| 2006 | ¥12.0M | ¥145M |
| 2007 | ¥11.0M | ¥240M |
| 2008 | ¥10.0M | ¥195M |
| 2009 | ¥13.0M | ¥180M |
| 2010 | ¥11.0M | ¥87.5M |
| 2011 | ¥11.0M | ¥90.0M |
| 2012 | ¥9.2M | ¥110M |
| 2013 | ¥12.0M | ¥100M |
| 2014 | ¥9.1M | ¥110M |
| 2015 | ¥14.0M | ¥120M |
| 2016 | ¥14.5M | ¥92.0M |
| 2017 | ¥14.0M | ¥140M |
| 2018 | ¥14.0M | ¥120M |
| 2019 | ¥14.0M | ¥130M |
| 2020 | ¥15.0M | ¥160M |
| 2021 | ¥16.0M | ¥290M |
| 2022 | ¥16.0M | ¥280M |
| 2023 | ¥17.0M | ¥260M |
| 2024 | ¥18.0M | ¥280M |
| 2025 | ¥21.0M | ¥170M |
| 2026 (partial) | ¥19.0M | – |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥187k/m² | ¥259k/m² | ¥420k/m² |
| 2006 | ¥243k/m² | ¥269k/m² | ¥490k/m² |
| 2007 | ¥260k/m² | ¥352k/m² | ¥585k/m² |
| 2008 | ¥233k/m² | ¥319k/m² | ¥495k/m² |
| 2009 | ¥227k/m² | ¥257k/m² | ¥385k/m² |
| 2010 | ¥228k/m² | ¥175k/m² | ¥285k/m² |
| 2011 | ¥257k/m² | ¥182k/m² | ¥340k/m² |
| 2012 | ¥204k/m² | ¥205k/m² | ¥260k/m² |
| 2013 | ¥243k/m² | ¥206k/m² | ¥310k/m² |
| 2014 | ¥227k/m² | ¥253k/m² | ¥330k/m² |
| 2015 | ¥273k/m² | ¥282k/m² | ¥390k/m² |
| 2016 | ¥355k/m² | ¥343k/m² | ¥330k/m² |
| 2017 | ¥371k/m² | ¥414k/m² | ¥385k/m² |
| 2018 | ¥457k/m² | ¥278k/m² | ¥485k/m² |
| 2019 | ¥450k/m² | ¥398k/m² | ¥445k/m² |
| 2020 | ¥480k/m² | ¥324k/m² | ¥560k/m² |
| 2021 | ¥600k/m² | ¥375k/m² | ¥625k/m² |
| 2022 | ¥600k/m² | ¥385k/m² | ¥550k/m² |
| 2023 | ¥650k/m² | ¥447k/m² | ¥595k/m² |
| 2024 | ¥700k/m² | ¥441k/m² | ¥610k/m² |
| 2025 | ¥767k/m² | ¥296k/m² | ¥800k/m² |
| 2026 (partial) | ¥700k/m² | – | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥950k/m² | ¥500k/m² |
| 1 | ¥867k/m² | – |
| 2 | ¥807k/m² | – |
| 3 | ¥800k/m² | – |
| 4 | ¥790k/m² | – |
| 5 | ¥800k/m² | – |
| 6 | ¥788k/m² | – |
| 7 | ¥750k/m² | – |
| 8 | ¥750k/m² | – |
| 9 | ¥740k/m² | – |
| 10 | ¥676k/m² | – |
| 11 | ¥706k/m² | – |
| 12 | ¥680k/m² | – |
| 13 | ¥700k/m² | – |
| 14 | ¥700k/m² | – |
| 15 | ¥700k/m² | – |
| 16 | ¥750k/m² | – |
| 17 | ¥650k/m² | – |
| 18 | ¥617k/m² | – |
| 19 | ¥550k/m² | – |
| 20 | ¥512k/m² | – |
| 21 | ¥514k/m² | – |
| 22 | ¥562k/m² | – |
| 23 | ¥406k/m² | – |
| 24 | ¥429k/m² | – |
| 25 | ¥431k/m² | – |
| 26 | ¥400k/m² | – |
| 27 | ¥435k/m² | – |
| 28 | ¥374k/m² | – |
| 29 | ¥300k/m² | – |
| 30 | ¥340k/m² | – |
| 31 | ¥300k/m² | – |
| 32 | ¥310k/m² | – |
| 33 | ¥258k/m² | – |
| 34 | ¥220k/m² | – |
| 35 | ¥260k/m² | – |
| 36 | ¥213k/m² | – |
| 37 | ¥231k/m² | – |
| 38 | ¥300k/m² | – |
| 39 | ¥252k/m² | – |
| 40 | ¥297k/m² | – |
| 41 | ¥207k/m² | – |
| 42 | ¥250k/m² | – |
| 43 | ¥273k/m² | – |
| 44 | ¥247k/m² | – |
| 45 | ¥225k/m² | – |
| 46 | ¥230k/m² | – |
| 47 | ¥240k/m² | – |
| 48 | ¥236k/m² | – |
| 49 | ¥201k/m² | – |
| 50 | ¥212k/m² | ¥289k/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 |
|---|---|---|---|---|
| 2006 | ¥195k/m² | ¥225k/m² | ¥333k/m² | – |
| 2007 | ¥190k/m² | ¥260k/m² | ¥500k/m² | – |
| 2008 | ¥162k/m² | ¥240k/m² | – | – |
| 2009 | ¥153k/m² | ¥226k/m² | ¥400k/m² | – |
| 2010 | ¥130k/m² | ¥225k/m² | ¥400k/m² | – |
| 2011 | ¥150k/m² | ¥227k/m² | ¥436k/m² | – |
| 2012 | ¥125k/m² | ¥192k/m² | ¥387k/m² | – |
| 2013 | ¥144k/m² | ¥190k/m² | ¥400k/m² | ¥634k/m² |
| 2014 | ¥173k/m² | ¥205k/m² | ¥415k/m² | – |
| 2015 | ¥169k/m² | ¥236k/m² | ¥442k/m² | ¥657k/m² |
| 2016 | ¥187k/m² | ¥250k/m² | ¥475k/m² | ¥680k/m² |
| 2017 | ¥200k/m² | ¥253k/m² | ¥514k/m² | ¥600k/m² |
| 2018 | ¥191k/m² | ¥266k/m² | ¥500k/m² | ¥600k/m² |
| 2019 | ¥225k/m² | ¥264k/m² | ¥560k/m² | ¥641k/m² |
| 2020 | ¥200k/m² | ¥300k/m² | ¥600k/m² | ¥650k/m² |
| 2021 | ¥223k/m² | ¥327k/m² | ¥640k/m² | ¥691k/m² |
| 2022 | ¥231k/m² | ¥290k/m² | ¥650k/m² | ¥680k/m² |
| 2023 | ¥223k/m² | ¥257k/m² | ¥650k/m² | ¥720k/m² |
| 2024 | ¥223k/m² | ¥275k/m² | ¥658k/m² | ¥800k/m² |
| 2025 | ¥240k/m² | ¥300k/m² | ¥691k/m² | ¥800k/m² |
| 2026 (partial) | – | – | – | ¥829k/m² |
Prices near train stations in Naka Ward, Nagoya City
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 |
|---|---|---|---|---|---|
| Shinsakae Machi(Aichi) (新栄町(愛知)) | ¥19.0M | ¥800k/m² | ¥63.0M | 6 | 165 |
| Marunouchi(NagoyaCitySubway) (丸の内(愛知)) | ¥25.0M | ¥760k/m² | ¥430M | 3 | 154 |
| Higashi Betsuin (東別院) | ¥19.0M | ¥617k/m² | ¥60.0M | 5 | 139 |
| Kamimaezu (上前津) | ¥18.0M | ¥673k/m² | ¥135M | 4 | 125 |
| Yaba Cho (矢場町) | ¥18.0M | ¥800k/m² | ¥250M | 6 | 124 |
| Osu Kannon (大須観音) | ¥17.0M | ¥680k/m² | ¥100M | 4 | 121 |
| Tsurumai (鶴舞) | ¥18.0M | ¥650k/m² | ¥320M | 6 | 119 |
| Fushimi(Aichi) (伏見(愛知)) | ¥23.5M | ¥607k/m² | ¥360M | 5 | 119 |
| Hisaya Odori (久屋大通) | ¥24.5M | ¥713k/m² | – | 4 | 56 |
| Kanayama(Aichi) (金山(愛知)) | ¥19.0M | ¥420k/m² | – | 5 | 39 |
| Sakae(Nagoya) (栄(名古屋)) | ¥5.3M | ¥230k/m² | ¥275M | 4 | 34 |
| Chikusa (千種) | ¥21.0M | ¥676k/m² | – | 6 | 27 |
| Nagoya Jo (名古屋城) | ¥29.5M | ¥856k/m² | – | 5 | 14 |
Used condo prices by layout in Naka Ward, Nagoya City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥16.0M | 20 m² | 461 |
| 3LDK | ¥39.0M | 70 m² | 134 |
| 2LDK | ¥37.0M | 60 m² | 131 |
| 1LDK | ¥28.0M | 40 m² | 119 |
| 1DK | ¥19.0M | 25 m² | 54 |
| 1R | ¥3.6M | 20 m² | 47 |
| 4LDK | ¥34.5M | 82.5 m² | 26 |
| Open floor | ¥10.0M | 45 m² | 17 |
How much does an apartment cost in Naka Ward, Nagoya City?
The median used condo (mansion) in Naka Ward, Nagoya City sold for ¥21.0M in 2025, about ¥767k/m², based on 389 recorded sales.
How much does a house cost in Naka Ward, Nagoya City?
The median house sale, including the land, was ¥170M in 2025 across 56 sales.
Are property prices in Naka Ward, Nagoya City going up?
Over the five years to 2025, condo prices per m² changed +59.7% and residential land prices changed +42.9%.
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.