Shirakawa-go, Gifu
Photo: Shirakawa-go, Gifu · Shing / Unsplash

Nakatsugawa City Housing Market Report 2025

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

Key figures for 2025

Median house price (land + building)
¥6.8M
Residential land per m² (sales)
¥15k/m²
-11.8% over 5 years
Transactions in 2025
125
#15 of 20 areas in Gifu by price per m²

What the data says

The trend has turned down

After rising earlier, house prices per m² have slipped by about 4.3% a year over the last five years. That often reflects weaker local demand, so check vacancy and population trends before buying.

Outperforming Gifu

Per m², houses here are 24% below the Gifu average. The discount has shrunk from 32% ten years ago, so Nakatsugawa City is catching up with its surroundings.

Sales are thinning out

Transactions are down about 29% 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 house sales last year were between ¥3.0M and ¥17.8M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 7.2% between 2020 and 2025 (−4.4% for the wider area). More people moved out than in during 2025 (about 3.3 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.

Many abandoned homes

22.5% of homes were empty in 2023 (16.1% for the wider area), and 12.9% 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.

Moderate earthquake risk

The government's seismic model gives a 24% chance of shaking of intensity 6-lower or stronger in the next 30 years (29% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and insurance.

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 +1% 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.

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 Nakatsugawa City: people, homes and risks

Population 2025
71,055
-7.2% since 2020
Gifu: -4.4%
Net moves in 2025
-233
-3.28 per 1,000 residents
Gifu: -2.39
Vacant homes (2023)
22.5%
12.9% empty and not for rent or sale
Gifu: 16.1%
Median rent (2023)
¥44k
per month, all rented homes
Gifu: ¥48k
Strong earthquake risk
23.9%
chance of shaking of intensity 6-lower or more within 30 years
Gifu: 28.6%
Official land price 2026
¥29k/m²
+0.6% in a year · +2.8% in 5 years
Gifu: ¥39k/m²
Flood exposure
0.0%
of 6 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Gifu: 62.5%
Landslide exposure
0.0%
of 6 benchmark sites in a landslide warning area
Gifu: 3.4%

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 Nakatsugawa 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-priced2026 Q1

¥1.2M

¥9k/m²

  • Sakashita
  • Sakashita · 15 min walk
  • Land 850 m² · floor 130 m²
  • Built 1944 (82 yrs) · Wood
Typical2025 Q3

¥5.0M

¥91k/m²

  • Nasubigawa
  • Mino Sakamoto · 20 min walk
  • Land 170 m² · floor 55 m²
  • Built 1987 (38 yrs) · Wood
Higher-priced2026 Q1

¥22.0M

¥169k/m²

  • Tsukechicho
  • Nakatsugawa
  • Land 360 m² · floor 130 m²
  • Built 2018 (8 yrs) · Wood
Median transaction price by year
¥0¥5.0M¥10.0M¥15.0M20052007200920112013201520172019202120232025
Show data table
YearHouse
2005¥11.5M
2006¥7.7M
2007¥11.0M
2008¥8.8M
2009¥7.3M
2010¥8.5M
2011¥8.7M
2012¥6.8M
2013¥11.0M
2014¥10.0M
2015¥14.0M
2016¥6.2M
2017¥11.0M
2018¥5.0M
2019¥9.8M
2020¥6.5M
2021¥8.5M
2022¥12.0M
2023¥8.5M
2024¥9.5M
2025¥6.8M
Median price per m² by year
¥0¥50k¥100k20052007200920112013201520172019202120232025
Show data table
YearHouseLand
2005¥82k/m²¥10k/m²
2006¥65k/m²¥11k/m²
2007¥90k/m²¥18k/m²
2008¥88k/m²¥13k/m²
2009¥86k/m²¥12k/m²
2010¥69k/m²¥7k/m²
2011¥64k/m²¥15k/m²
2012¥64k/m²¥19k/m²
2013¥69k/m²¥12k/m²
2014¥67k/m²¥11k/m²
2015¥84k/m²¥5k/m²
2016¥60k/m²¥11k/m²
2017¥89k/m²¥14k/m²
2018¥59k/m²¥11k/m²
2019¥81k/m²¥13k/m²
2020¥80k/m²¥17k/m²
2021¥65k/m²¥15k/m²
2022¥93k/m²¥21k/m²
2023¥64k/m²¥16k/m²
2024¥71k/m²¥14k/m²
2025¥58k/m²¥15k/m²
Price per m² by building age (2021–2025 sales)
¥0¥100k¥200k¥300k05101520253035404550
Show data table
Building age (years)House
0¥267k/m²
31¥49k/m²
50¥33k/m²

Prices near train stations in Nakatsugawa City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Nakatsugawa (中津川)––¥8.0M20101
Mino Sakamoto (美乃坂本)––¥20.0M2031
Sakashita (坂下)––¥2.3M1014

How much does a house cost in Nakatsugawa City?

The median house sale, including the land, was ¥6.8M in 2025 across 58 sales.

Are property prices in Nakatsugawa City going up?

Over the five years to 2025, residential land prices changed -11.8%.

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.