Gunma Housing Market 2025: Maebashi and Takasaki Rise as Land Keeps Slipping
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥15.0M
- ¥215k/m²
- Median house price (land + building)
- ¥13.5M
- -7.0% vs 2024
- Residential land per m² (sales)
- ¥22k/m²
- +18.9% over 5 years
- Transactions in 2025
- 3,896
- #38 of 47 areas in Japan by price per m²
Condo growth is concentrated in two cities
Gunma's condo prices per m² rose about 5.5% a year over the last five years. Maebashi is up about 73% and Takasaki about 40%. Takasaki, a Shinkansen junction, is the most expensive city, and both have seen new condos around their stations. Note that Gunma has only about 140 condo sales a year, so a few new projects can move the median: in 2023–25 the median condo price rose 25% while the price per m² rose only 8%, because larger new units sold.
Houses are falling behind
In 2025 the median condo cost more than the median house for the first time, after house prices fell about 10%. A m² of house now costs about half as much as a m² of condo, down from 90% a decade ago.
Land keeps slipping
On the government's fixed benchmark sites, Gunma's residential land fell about 2% over five years and is 54% below its 1991 level.
Population and vacancy
Gunma's population fell 3.7% between 2020 and 2025. Vacancy is high (16.7%), with 7.6% of homes abandoned and about 16,000 second homes around resort areas such as Kusatsu, Minakami and the Karuizawa border.
Hazards
Earthquake risk is low for Japan (about 12% chance of 6-lower shaking in 30 years). Inland Gunma has some of Japan's hottest summers, so insulation and cooling matter.
Living in Gunma: people, homes and risks
- Population 2025
- 1,867,582
- -3.7% since 2020
- Japan: -2.5%
- Net moves in 2025
- -1,516
- -0.81 per 1,000 residents
- Vacant homes (2023)
- 16.7%
- 7.6% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥47k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 11.6%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Official land price 2026
- ¥32k/m²
- 0.0% in a year · -2.3% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 37.7%
- of 374 benchmark sites in a worst-case flood zone (4.0% 3 m or deeper)
- Japan: 42.6%
- Landslide exposure
- 1.1%
- of 374 benchmark sites in a landslide warning area
- Japan: 2.6%
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 Gunma
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
¥5.5M
¥122k/m²
- Omotecho, Maebashi City
- Maebashi · 5 min walk
- 2LDK · 45 m²
- Built 1975 (51 yrs) · SRC
¥17.0M
¥262k/m²
- Otemachi, Maebashi City
- Maebashi · 24 min walk
- 2LDK · 65 m²
- Built 2007 (19 yrs) · RC
¥31.0M
¥413k/m²
- Azumacho, Takasaki City
- Takasaki(JR) · 4 min walk
- 3LDK · 75 m²
- Built 1994 (32 yrs) · SRC
House
¥4.0M
¥35k/m²
- Minamicho, Maebashi City
- Maebashi · 5 min walk
- Land 85 m² · floor 115 m²
- Built 1981 (45 yrs) · Wood
¥15.0M
¥107k/m²
- Tomidamachi, Maebashi City
- Egi · 25 min walk
- Land 220 m² · floor 140 m²
- Built 2008 (18 yrs) · Wood
¥29.0M
¥264k/m²
- Ishiharamachi, Takasaki City
- Takasaki(JR) · 28 min walk
- Land 230 m² · floor 110 m²
- Built 2025 (1 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥9.0M | ¥17.0M |
| 2008 | ¥10.0M | ¥16.0M |
| 2009 | ¥11.0M | ¥15.0M |
| 2010 | ¥7.9M | ¥15.0M |
| 2011 | ¥8.3M | ¥16.0M |
| 2012 | ¥7.6M | ¥15.0M |
| 2013 | ¥7.8M | ¥16.0M |
| 2014 | ¥8.5M | ¥16.0M |
| 2015 | ¥6.6M | ¥17.0M |
| 2016 | ¥8.3M | ¥17.0M |
| 2017 | ¥8.3M | ¥18.0M |
| 2018 | ¥10.5M | ¥17.0M |
| 2019 | ¥7.5M | ¥17.0M |
| 2020 | ¥11.0M | ¥18.0M |
| 2021 | ¥11.0M | ¥17.0M |
| 2022 | ¥11.0M | ¥16.0M |
| 2023 | ¥12.0M | ¥16.0M |
| 2024 | ¥15.0M | ¥15.0M |
| 2025 | ¥15.0M | ¥13.5M |
| 2026 (partial) | ¥17.0M | ¥15.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥173k/m² | ¥136k/m² | ¥28k/m² |
| 2008 | ¥185k/m² | ¥127k/m² | ¥27k/m² |
| 2009 | ¥173k/m² | ¥110k/m² | ¥24k/m² |
| 2010 | ¥140k/m² | ¥114k/m² | ¥24k/m² |
| 2011 | ¥140k/m² | ¥118k/m² | ¥25k/m² |
| 2012 | ¥133k/m² | ¥118k/m² | ¥24k/m² |
| 2013 | ¥148k/m² | ¥126k/m² | ¥21k/m² |
| 2014 | ¥146k/m² | ¥120k/m² | ¥19k/m² |
| 2015 | ¥139k/m² | ¥136k/m² | ¥20k/m² |
| 2016 | ¥150k/m² | ¥133k/m² | ¥20k/m² |
| 2017 | ¥154k/m² | ¥143k/m² | ¥21k/m² |
| 2018 | ¥178k/m² | ¥136k/m² | ¥21k/m² |
| 2019 | ¥153k/m² | ¥133k/m² | ¥18k/m² |
| 2020 | ¥186k/m² | ¥148k/m² | ¥19k/m² |
| 2021 | ¥187k/m² | ¥137k/m² | ¥19k/m² |
| 2022 | ¥187k/m² | ¥117k/m² | ¥19k/m² |
| 2023 | ¥200k/m² | ¥127k/m² | ¥20k/m² |
| 2024 | ¥228k/m² | ¥114k/m² | ¥20k/m² |
| 2025 | ¥215k/m² | ¥106k/m² | ¥22k/m² |
| 2026 (partial) | ¥231k/m² | ¥113k/m² | ¥21k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥238k/m² |
| 1 | – | ¥219k/m² |
| 2 | – | ¥262k/m² |
| 3 | – | ¥257k/m² |
| 4 | – | ¥200k/m² |
| 5 | – | ¥209k/m² |
| 6 | – | ¥210k/m² |
| 7 | – | ¥192k/m² |
| 8 | – | ¥200k/m² |
| 9 | – | ¥191k/m² |
| 10 | – | ¥181k/m² |
| 11 | – | ¥162k/m² |
| 12 | – | ¥138k/m² |
| 13 | ¥338k/m² | ¥157k/m² |
| 14 | ¥356k/m² | ¥150k/m² |
| 15 | ¥329k/m² | ¥145k/m² |
| 16 | ¥326k/m² | ¥130k/m² |
| 17 | ¥373k/m² | ¥142k/m² |
| 18 | ¥271k/m² | ¥138k/m² |
| 19 | ¥308k/m² | ¥125k/m² |
| 20 | ¥325k/m² | ¥107k/m² |
| 21 | – | ¥104k/m² |
| 22 | – | ¥107k/m² |
| 23 | – | ¥90k/m² |
| 24 | ¥229k/m² | ¥99k/m² |
| 25 | – | ¥77k/m² |
| 26 | – | ¥87k/m² |
| 27 | ¥267k/m² | ¥88k/m² |
| 28 | ¥243k/m² | ¥82k/m² |
| 29 | ¥163k/m² | ¥76k/m² |
| 30 | ¥127k/m² | ¥78k/m² |
| 31 | ¥138k/m² | ¥71k/m² |
| 32 | ¥120k/m² | ¥68k/m² |
| 33 | ¥135k/m² | ¥71k/m² |
| 34 | ¥130k/m² | ¥67k/m² |
| 35 | ¥125k/m² | ¥73k/m² |
| 36 | – | ¥64k/m² |
| 37 | – | ¥67k/m² |
| 38 | – | ¥66k/m² |
| 39 | – | ¥66k/m² |
| 40 | – | ¥59k/m² |
| 41 | – | ¥51k/m² |
| 42 | – | ¥56k/m² |
| 43 | – | ¥48k/m² |
| 44 | – | ¥50k/m² |
| 45 | – | ¥50k/m² |
| 46 | – | ¥50k/m² |
| 47 | – | ¥40k/m² |
| 48 | – | ¥43k/m² |
| 49 | – | ¥45k/m² |
| 50 | – | ¥40k/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 | 1981-2000 | 2001-2010 |
|---|---|---|
| 2007 | ¥150k/m² | – |
| 2008 | ¥142k/m² | ¥365k/m² |
| 2009 | ¥129k/m² | ¥286k/m² |
| 2010 | ¥116k/m² | ¥288k/m² |
| 2011 | ¥119k/m² | ¥315k/m² |
| 2012 | ¥115k/m² | ¥250k/m² |
| 2013 | ¥118k/m² | ¥247k/m² |
| 2014 | ¥127k/m² | ¥280k/m² |
| 2015 | ¥118k/m² | ¥290k/m² |
| 2016 | ¥115k/m² | ¥287k/m² |
| 2017 | ¥124k/m² | ¥294k/m² |
| 2018 | ¥145k/m² | ¥273k/m² |
| 2019 | ¥138k/m² | ¥278k/m² |
| 2020 | ¥117k/m² | ¥313k/m² |
| 2021 | ¥136k/m² | ¥307k/m² |
| 2022 | ¥157k/m² | ¥326k/m² |
| 2023 | ¥140k/m² | ¥325k/m² |
| 2024 | ¥140k/m² | ¥337k/m² |
| 2025 | ¥135k/m² | ¥326k/m² |
| 2026 (partial) | ¥207k/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 |
|---|---|---|---|---|
| 2007 | ¥85k/m² | ¥100k/m² | ¥218k/m² | – |
| 2008 | ¥71k/m² | ¥100k/m² | ¥210k/m² | – |
| 2009 | ¥72k/m² | ¥84k/m² | ¥200k/m² | – |
| 2010 | ¥60k/m² | ¥90k/m² | ¥200k/m² | ¥229k/m² |
| 2011 | ¥62k/m² | ¥83k/m² | ¥170k/m² | ¥200k/m² |
| 2012 | ¥49k/m² | ¥86k/m² | ¥142k/m² | ¥209k/m² |
| 2013 | ¥63k/m² | ¥84k/m² | ¥140k/m² | ¥200k/m² |
| 2014 | ¥56k/m² | ¥82k/m² | ¥136k/m² | ¥208k/m² |
| 2015 | ¥58k/m² | ¥82k/m² | ¥137k/m² | ¥210k/m² |
| 2016 | ¥50k/m² | ¥76k/m² | ¥133k/m² | ¥208k/m² |
| 2017 | ¥50k/m² | ¥77k/m² | ¥139k/m² | ¥217k/m² |
| 2018 | ¥50k/m² | ¥75k/m² | ¥133k/m² | ¥217k/m² |
| 2019 | ¥49k/m² | ¥72k/m² | ¥129k/m² | ¥225k/m² |
| 2020 | ¥44k/m² | ¥74k/m² | ¥118k/m² | ¥217k/m² |
| 2021 | ¥49k/m² | ¥71k/m² | ¥125k/m² | ¥217k/m² |
| 2022 | ¥52k/m² | ¥74k/m² | ¥123k/m² | ¥192k/m² |
| 2023 | ¥43k/m² | ¥73k/m² | ¥143k/m² | ¥210k/m² |
| 2024 | ¥45k/m² | ¥75k/m² | ¥122k/m² | ¥171k/m² |
| 2025 | ¥36k/m² | ¥70k/m² | ¥119k/m² | ¥179k/m² |
| 2026 (partial) | ¥39k/m² | ¥78k/m² | ¥131k/m² | ¥161k/m² |
Prices by area in Gunma
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Takasaki City | ¥323k/m² | ¥21.0M | ¥24.0M | ¥44k/m² | +40.0% |
| Maebashi City | ¥200k/m² | ¥14.0M | ¥15.0M | ¥39k/m² | +72.7% |
| Yoshioka Town, Kitagunma County | – | – | ¥22.0M | ¥26k/m² | – |
| Oizumi Town, Oura County | – | – | ¥19.0M | ¥6k/m² | – |
| Ota City | – | – | ¥17.0M | ¥25k/m² | – |
| Isesaki City | – | – | ¥15.0M | ¥22k/m² | – |
| Numata City | – | – | ¥9.0M | ¥15k/m² | – |
| Tamamura Town, Sawa County | – | – | ¥10.4M | – | – |
| Fujioka City | – | – | ¥12.0M | ¥14k/m² | – |
| Annaka City | – | – | ¥7.9M | ¥9k/m² | – |
| Tsumagoi Village, Agatsuma County | – | – | ¥4.1M | ¥2k/m² | – |
| Tatebayashi City | – | – | ¥8.7M | ¥21k/m² | – |
| Midori City | – | – | ¥7.0M | ¥14k/m² | – |
| Tomioka City | – | – | ¥9.2M | ¥6k/m² | – |
| Kiryu City | – | – | ¥5.5M | ¥13k/m² | – |
| Shibukawa City | – | – | ¥5.5M | ¥17k/m² | – |
| Oura Town, Oura County | – | – | ¥4.0M | ¥9k/m² | – |
| Higashiagatsuma Town, Agatsuma County | – | – | – | ¥100/m² | – |
Prices near train stations in Gunma
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 |
|---|---|---|---|---|---|
| Maebashi (前橋) | ¥19.0M | ¥267k/m² | ¥19.0M | 15 | 460 |
| Takasaki(JR) (高崎(ＪＲ)) | ¥21.0M | ¥330k/m² | ¥31.0M | 15 | 403 |
| Ota(Gumma) (太田(群馬)) | ¥5.5M | ¥120k/m² | ¥24.0M | 20 | 222 |
| Shim Maebashi (新前橋) | ¥2.5M | ¥125k/m² | ¥25.0M | 19 | 206 |
| Manza/Kazawaguchi (万座・鹿沢口) | – | – | ¥4.7M | 8 | 203 |
| Isesaki (伊勢崎) | – | – | ¥14.0M | 16 | 202 |
| Gumma Soja (群馬総社) | – | – | ¥17.5M | 18 | 196 |
| Kiryu (桐生) | ¥17.0M | ¥224k/m² | ¥4.5M | 15 | 172 |
| Ino(Gumma) (井野(群馬)) | – | – | ¥28.0M | 12 | 171 |
| Gumma Yawata (群馬八幡) | – | – | ¥13.0M | 18 | 165 |
| Kunisada (国定) | – | – | ¥17.0M | 19 | 164 |
| Tatebayashi (館林) | – | – | ¥12.0M | 16 | 161 |
| Kita Takasaki (北高崎) | ¥12.0M | ¥200k/m² | ¥26.5M | 16 | 145 |
| Shin Isesaki (新伊勢崎) | – | – | ¥21.0M | 19 | 137 |
| Gumma Fujioka (群馬藤岡) | – | – | ¥10.4M | 18 | 136 |
Used condo prices by layout in Gunma
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥19.0M | 70 m² | 170 |
| 2LDK | ¥15.0M | 60 m² | 55 |
| 1K | ¥2.7M | 20 m² | 35 |
| 4LDK | ¥27.5M | 82.5 m² | 18 |
| 2DK | ¥4.3M | 50 m² | 15 |
| 1DK | ¥5.1M | 30 m² | 13 |
| 1LDK | ¥9.8M | 52.5 m² | 10 |
How much does an apartment cost in Gunma?
The median used condo (mansion) in Gunma sold for ¥15.0M in 2025, about ¥215k/m², based on 141 recorded sales.
How much does a house cost in Gunma?
The median house sale, including the land, was ¥13.5M in 2025 across 2040 sales.
Are property prices in Gunma going up?
Over the five years to 2025, condo prices per m² changed +16.0% and residential land prices changed +18.9%.
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.