Aizuwakamatsu, Fukushima
Photo: Aizuwakamatsu, Fukushima · Chuck Eugene / Unsplash

Koriyama 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
¥13.0M
¥200k/m²
Median house price (land + building)
¥26.0M
+2.6% vs 2024
Residential land per m² (sales)
¥55k/m²
+17.0% over 5 years
Transactions in 2025
598
#1 of 14 areas in Fukushima by price per m²

What the data says

Prices are still rising, but more slowly

Growth has cooled to about 0.2% a year, down from 2.9% a year in the previous five years. This looks more like a maturing market than a turning point, and it gives buyers a bit more room to negotiate.

Outperforming Fukushima

Per m², condos here are priced close to the Fukushima average. The discount has shrunk from 15% ten years ago, so Koriyama City is catching up with its surroundings.

A family market

69% 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 9% 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 ¥8.1M and ¥21.5M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 4.4% between 2020 and 2025 (−6.6% for the wider area). More people moved out than in during 2025 (about 2.8 per 1,000 residents), which weakens long-term housing demand. Households still grew 0.7% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

14% of homes were empty in 2023 (15.2% for the wider area), and 4.9% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Buying vs renting

A median used condo costs about 21.2 years of the area's median rent (¥51k a month), compared with 23 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.

Lower earthquake risk

The government's seismic model gives a 8% chance of shaking of intensity 6-lower or stronger in the next 30 years (25% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.

Official land prices are edging up

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 +19% over five years. They are still 35% below their 1991 bubble-era level. 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, 23% are inside the worst-case flood zone (6% with expected depths of 3 m or more). 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 Koriyama City: people, homes and risks

Population 2025
313,125
-4.4% since 2020
Fukushima: -6.6%
Net moves in 2025
-888
-2.84 per 1,000 residents
Fukushima: -4.2
Vacant homes (2023)
14.0%
4.9% empty and not for rent or sale
Fukushima: 15.2%
Median rent (2023)
¥51k
per month, all rented homes
Fukushima: ¥47k
Strong earthquake risk
8.1%
chance of shaking of intensity 6-lower or more within 30 years
Fukushima: 24.9%
Official land price 2026
¥66k/m²
+3.0% in a year · +18.5% in 5 years
Fukushima: ¥34k/m²
Flood exposure
22.9%
of 70 benchmark sites in a worst-case flood zone (5.7% 3 m or deeper)
Fukushima: 30.5%
Landslide exposure
0.0%
of 70 benchmark sites in a landslide warning area
Fukushima: 0.5%

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 Koriyama 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-priced2026 Q2

¥8.0M

¥123k/m²

  • Fukazawa
  • Koriyama(Fukushima) · 29 min walk
  • 3LDK · 65 m²
  • Built 1989 (37 yrs) · RC
Typical2026 Q2

¥12.0M

¥171k/m²

  • Hishidamachi
  • Koriyama(Fukushima) · 22 min walk
  • 3LDK · 70 m²
  • Built 1992 (34 yrs) · SRC
Higher-priced2026 Q2

¥20.0M

¥286k/m²

  • Choja
  • Koriyama(Fukushima) · 25 min walk
  • 3LDK · 70 m²
  • Built 2004 (22 yrs) · RC

House

Lower-priced2025 Q4

¥13.0M

¥118k/m²

  • Saikon
  • Koriyama(Fukushima)
  • Land 320 m² · floor 110 m²
  • Built 1973 (52 yrs) · Wood
Typical2026 Q2

¥25.0M

¥139k/m²

  • Tsutsumi
  • Koriyama(Fukushima)
  • Land 200 m² · floor 180 m²
  • Built 2005 (21 yrs) · Wood
Higher-priced2026 Q1

¥38.0M

¥362k/m²

  • Otsukimachi
  • Koriyama(Fukushima)
  • Land 160 m² · floor 105 m²
  • Built 2025 (1 yrs) · Wood
Median transaction price by year
¥0¥10.0M¥20.0M¥30.0M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007¥8.8M¥21.0M
2008¥9.4M¥22.0M
2009¥8.3M¥17.0M
2010¥6.8M¥19.0M
2011¥5.5M¥18.0M
2012¥8.5M¥19.0M
2013¥9.9M¥21.0M
2014¥9.7M¥23.0M
2015¥13.0M¥23.0M
2016¥11.0M¥24.0M
2017¥11.0M¥23.0M
2018¥12.5M¥24.0M
2019¥14.5M¥23.0M
2020¥12.0M¥24.0M
2021¥13.0M¥24.5M
2022¥12.0M¥24.0M
2023¥17.0M¥26.0M
2024¥14.0M¥25.0M
2025¥13.0M¥26.0M
2026 (partial)¥11.5M¥25.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 7% less than a m² of condo, even though the house price includes land. If you need room more than convenience, a house buys considerably more space. That gap has widened over the decade as condo prices pulled ahead.
¥0¥100k¥200k¥300k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007¥150k/m²¥148k/m²¥41k/m²
2008¥142k/m²¥148k/m²¥40k/m²
2009¥129k/m²¥136k/m²¥36k/m²
2010¥126k/m²¥152k/m²¥34k/m²
2011¥110k/m²¥122k/m²¥33k/m²
2012¥138k/m²¥129k/m²¥34k/m²
2013¥159k/m²¥146k/m²¥34k/m²
2014¥143k/m²¥173k/m²¥40k/m²
2015¥200k/m²¥190k/m²¥42k/m²
2016¥169k/m²¥184k/m²¥41k/m²
2017¥180k/m²¥191k/m²¥40k/m²
2018¥200k/m²¥184k/m²¥45k/m²
2019¥216k/m²¥160k/m²¥50k/m²
2020¥179k/m²¥195k/m²¥47k/m²
2021¥198k/m²¥200k/m²¥48k/m²
2022¥183k/m²¥161k/m²¥50k/m²
2023¥249k/m²¥169k/m²¥47k/m²
2024¥200k/m²¥183k/m²¥55k/m²
2025¥200k/m²¥188k/m²¥55k/m²
2026 (partial)¥178k/m²¥184k/m²¥48k/m²
Price per m² by building age (2021–2025 sales)Houses bottom out at around 31 years — House prices per m² drop about 64% from new by age 31, then flatten, because by then buyers are mostly paying for the land. A house older than that costs little more than its plot, a good option if you plan to renovate or rebuild.
¥0¥100k¥200k¥300k¥400k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥291k/m²
1–¥295k/m²
2–¥400k/m²
4–¥286k/m²
6–¥224k/m²
7–¥256k/m²
8–¥212k/m²
9–¥280k/m²
11–¥254k/m²
14–¥157k/m²
15–¥209k/m²
17–¥206k/m²
18¥307k/m²¥219k/m²
19¥298k/m²¥147k/m²
20–¥147k/m²
21¥264k/m²¥157k/m²
22¥246k/m²¥193k/m²
23–¥159k/m²
24–¥140k/m²
25–¥114k/m²
26–¥115k/m²
27¥173k/m²¥144k/m²
28¥169k/m²¥131k/m²
29¥138k/m²¥143k/m²
30¥147k/m²¥142k/m²
31¥140k/m²¥106k/m²
32¥136k/m²¥102k/m²
33¥152k/m²¥78k/m²
34¥157k/m²¥94k/m²
35¥87k/m²¥90k/m²
36–¥116k/m²
37–¥115k/m²
38–¥92k/m²
39–¥100k/m²
40–¥104k/m²
41–¥95k/m²
42–¥110k/m²
43–¥143k/m²
44–¥105k/m²
45–¥97k/m²
46–¥74k/m²
47–¥124k/m²
48–¥92k/m²
49–¥75k/m²
50–¥71k/m²
Condo price per m² by construction period
¥0¥100k¥200k¥300k¥400k2007200920112013201520172019202120232025

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
Year1981-20002001-2010
2007¥145k/m²–
2008¥117k/m²–
2009¥126k/m²–
2010¥114k/m²–
2011¥109k/m²–
2012¥109k/m²¥227k/m²
2013¥144k/m²¥252k/m²
2014¥133k/m²¥273k/m²
2015¥159k/m²¥277k/m²
2016¥150k/m²–
2017¥169k/m²–
2018¥161k/m²–
2019¥151k/m²¥336k/m²
2020¥150k/m²–
2021¥151k/m²¥277k/m²
2022¥163k/m²–
2023¥150k/m²¥292k/m²
2024¥169k/m²–
2025¥137k/m²¥293k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k2007200920112013201520172019202120232025

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
2007¥116k/m²¥122k/m²¥225k/m²–
2008¥88k/m²¥108k/m²¥229k/m²–
2009¥86k/m²¥104k/m²¥211k/m²–
2010¥88k/m²¥110k/m²¥200k/m²–
2011¥74k/m²¥104k/m²–¥233k/m²
2012¥79k/m²¥110k/m²¥162k/m²¥219k/m²
2013¥90k/m²¥111k/m²¥185k/m²¥236k/m²
2014¥105k/m²¥124k/m²¥212k/m²¥229k/m²
2015¥99k/m²¥123k/m²¥223k/m²¥238k/m²
2016¥100k/m²¥130k/m²¥174k/m²¥248k/m²
2017¥81k/m²¥121k/m²¥220k/m²¥267k/m²
2018¥107k/m²¥130k/m²¥184k/m²¥265k/m²
2019¥127k/m²¥124k/m²¥189k/m²¥257k/m²
2020¥91k/m²¥113k/m²¥210k/m²¥248k/m²
2021¥97k/m²¥124k/m²–¥244k/m²
2022¥122k/m²¥109k/m²¥188k/m²¥300k/m²
2023¥100k/m²¥120k/m²¥185k/m²–
2024¥73k/m²¥107k/m²¥156k/m²¥284k/m²
2025¥89k/m²¥99k/m²¥179k/m²¥295k/m²
2026 (partial)–¥139k/m²––

Prices near train stations in Koriyama City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Koriyama(Fukushima) (郡山(福島))¥14.0M¥215k/m²¥26.0M211053
Hiwada (日和田)––¥30.5M2128

Used condo prices by layout in Koriyama City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥16.0M65 m²107
2LDK¥14.0M60 m²37
4LDK¥20.0M80 m²20

How much does an apartment cost in Koriyama City?

The median used condo (mansion) in Koriyama City sold for ¥13.0M in 2025, about ¥200k/m², based on 70 recorded sales.

How much does a house cost in Koriyama City?

The median house sale, including the land, was ¥26.0M in 2025 across 293 sales.

Are property prices in Koriyama City going up?

Over the five years to 2025, condo prices per m² changed +11.6% and residential land prices changed +17.0%.

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.