Hyogo Ward, Kobe 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
- ¥21.0M
- ¥857k/m²
- Median house price (land + building)
- ¥25.0M
- Residential land per m² (sales)
- ¥195k/m²
- +62.5% over 5 years
- Transactions in 2025
- 377
- #1 of 41 areas in Hyogo by price per m²
What the data says
Price growth is speeding up
Condo values per m² have risen about 17.5% a year over the past five years, faster than the 3.9% a year of the five years before. Buyers waiting for a dip have so far been paying more each year, and that has not yet changed.
Outperforming Hyogo
Per m², condos here are 105% above the Hyogo average. The premium has grown from 13% ten years ago, so Hyogo Ward, Kobe City has been outperforming its surroundings.
Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 11% 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 market for singles and investors
63% of recent condo sales are studios or 1K/1DK units, typical of rental investment and single workers. Small units are easy to rent but sensitive to new supply. Families will find fewer options.
Sales are picking up
There were about 17% more transactions in the last three years than the three before, so the market is liquid and selling later should be easier.
What a typical purchase costs
Half of all condo sales last year were between ¥18.0M and ¥24.0M. Listings outside that range are either unusual properties or worth a closer look.
A growing population
The population grew 2.5% between 2020 and 2025 (−2.6% for the wider area). More people moved in than out in 2025, a net gain of about 6.2 per 1,000 residents, so demand for homes is being topped up by newcomers.
Typical vacancy
24.7% of homes were empty in 2023 (13.8% for the wider area), and 7.2% 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 30.5 years of the area's median rent (¥57k a month), compared with 32.3 years for the wider area. Prices are high relative to rents, so rental yields are thin and buyers are paying for expected growth. Rents here cover all rented homes, so treat this as a rough guide.
Moderate earthquake risk
The government's seismic model gives a 23% chance of shaking of intensity 6-lower or stronger in the next 30 years (33% 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 +3% in the year to January 2026 and +9% over five years. 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, 46% are inside the worst-case flood zone (5% 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 Hyogo Ward, Kobe City: people, homes and risks
- Population 2025
- 111,844
- +2.5% since 2020
- Hyogo: -2.6%
- Net moves in 2025
- +689
- +6.16 per 1,000 residents
- Hyogo: -0.39
- Vacant homes (2023)
- 24.7%
- 7.2% empty and not for rent or sale
- Hyogo: 13.8%
- Median rent (2023)
- ¥57k
- per month, all rented homes
- Hyogo: ¥57k
- Strong earthquake risk
- 23.0%
- chance of shaking of intensity 6-lower or more within 30 years
- Hyogo: 33.0%
- Official land price 2026
- ¥202k/m²
- +2.7% in a year · +9.3% in 5 years
- Hyogo: ¥102k/m²
- Flood exposure
- 45.5%
- of 22 benchmark sites in a worst-case flood zone (4.5% 3 m or deeper)
- Hyogo: 46.1%
- Landslide exposure
- 4.5%
- of 22 benchmark sites in a landslide warning area
- Hyogo: 4.3%
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 Hyogo Ward, Kobe 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
¥18.0M
¥720k/m²
- Egeyamacho
- Minatogawakoen · 8 min walk
- 1K · 25 m²
- Built 2008 (18 yrs) · RC
¥21.0M
¥1.1M/m²
- Kajiyacho
- Chuoichibamae · 6 min walk
- 1K · 20 m²
- Built 2024 (2 yrs)
¥30.0M
¥1.0M/m²
- Nakamichidoori
- Shinkaichi · 3 min walk
- 1DK · 30 m²
- Built 2025 (1 yrs) · RC
House
¥8.8M
¥147k/m²
- Shimogioncho
- Okurayama(Hyogo) · 10 min walk
- Land 55 m² · floor 60 m²
- Built 1956 (70 yrs) · Wood
¥25.0M
¥250k/m²
- Himurocho
- Nagata(Shintetsu) · 23 min walk
- Land 80 m² · floor 100 m²
- Built 2024 (2 yrs) · Wood
¥49.0M
¥89k/m²
- Kajiyacho
- Chuoichibamae · 5 min walk
- Land 330 m² · floor 550 m²
- Built 1959 (67 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2006 | ¥9.9M | ¥27.0M |
| 2007 | ¥16.0M | ¥30.0M |
| 2008 | ¥17.0M | ¥25.0M |
| 2009 | ¥13.0M | ¥28.5M |
| 2010 | ¥15.0M | ¥26.5M |
| 2011 | ¥11.0M | ¥28.0M |
| 2012 | ¥11.0M | ¥20.0M |
| 2013 | ¥12.0M | ¥28.5M |
| 2014 | ¥12.0M | ¥20.0M |
| 2015 | ¥10.0M | ¥29.0M |
| 2016 | ¥11.0M | ¥27.0M |
| 2017 | ¥12.0M | ¥29.0M |
| 2018 | ¥14.0M | ¥29.5M |
| 2019 | ¥14.0M | ¥29.0M |
| 2020 | ¥17.0M | ¥13.0M |
| 2021 | ¥19.0M | ¥23.0M |
| 2022 | ¥18.0M | ¥36.0M |
| 2023 | ¥17.0M | ¥33.0M |
| 2024 | ¥19.0M | ¥30.0M |
| 2025 | ¥21.0M | ¥25.0M |
| 2026 (partial) | ¥20.0M | ¥20.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2006 | ¥200k/m² | ¥233k/m² | ¥140k/m² |
| 2007 | ¥257k/m² | ¥209k/m² | ¥150k/m² |
| 2008 | ¥300k/m² | ¥209k/m² | ¥170k/m² |
| 2009 | ¥273k/m² | ¥229k/m² | ¥140k/m² |
| 2010 | ¥264k/m² | ¥212k/m² | ¥140k/m² |
| 2011 | ¥218k/m² | ¥220k/m² | ¥120k/m² |
| 2012 | ¥240k/m² | ¥151k/m² | ¥140k/m² |
| 2013 | ¥252k/m² | ¥191k/m² | ¥140k/m² |
| 2014 | ¥307k/m² | ¥159k/m² | ¥150k/m² |
| 2015 | ¥288k/m² | ¥208k/m² | ¥145k/m² |
| 2016 | ¥334k/m² | ¥146k/m² | ¥150k/m² |
| 2017 | ¥383k/m² | ¥233k/m² | ¥180k/m² |
| 2018 | ¥329k/m² | ¥272k/m² | ¥180k/m² |
| 2019 | ¥347k/m² | ¥258k/m² | ¥160k/m² |
| 2020 | ¥372k/m² | ¥142k/m² | ¥120k/m² |
| 2021 | ¥457k/m² | ¥212k/m² | ¥170k/m² |
| 2022 | ¥640k/m² | ¥232k/m² | ¥160k/m² |
| 2023 | ¥640k/m² | ¥233k/m² | ¥270k/m² |
| 2024 | ¥750k/m² | ¥241k/m² | ¥230k/m² |
| 2025 | ¥857k/m² | ¥204k/m² | ¥195k/m² |
| 2026 (partial) | ¥900k/m² | ¥195k/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥950k/m² | ¥400k/m² |
| 1 | ¥1.0M/m² | ¥410k/m² |
| 2 | ¥900k/m² | – |
| 4 | ¥886k/m² | – |
| 5 | ¥850k/m² | – |
| 6 | ¥800k/m² | – |
| 7 | ¥725k/m² | – |
| 8 | ¥800k/m² | – |
| 9 | ¥750k/m² | – |
| 10 | ¥755k/m² | – |
| 11 | ¥720k/m² | – |
| 12 | ¥650k/m² | – |
| 13 | ¥700k/m² | – |
| 14 | ¥620k/m² | – |
| 15 | ¥645k/m² | – |
| 16 | ¥670k/m² | – |
| 17 | ¥600k/m² | – |
| 18 | ¥550k/m² | – |
| 20 | ¥440k/m² | – |
| 21 | ¥409k/m² | – |
| 22 | ¥418k/m² | – |
| 24 | ¥387k/m² | – |
| 25 | ¥382k/m² | – |
| 26 | ¥400k/m² | – |
| 27 | – | ¥217k/m² |
| 29 | – | ¥203k/m² |
| 33 | ¥249k/m² | – |
| 35 | ¥226k/m² | – |
| 36 | ¥271k/m² | – |
| 37 | ¥267k/m² | – |
| 38 | ¥290k/m² | – |
| 50 | ¥97k/m² | ¥96k/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 | 2011-2020 |
|---|---|---|---|
| 2006 | ¥200k/m² | – | – |
| 2007 | ¥236k/m² | ¥700k/m² | – |
| 2008 | ¥200k/m² | ¥515k/m² | – |
| 2009 | ¥217k/m² | ¥550k/m² | – |
| 2010 | ¥223k/m² | ¥520k/m² | – |
| 2011 | ¥200k/m² | ¥333k/m² | – |
| 2012 | ¥197k/m² | ¥358k/m² | – |
| 2013 | ¥212k/m² | – | ¥720k/m² |
| 2014 | ¥243k/m² | ¥375k/m² | – |
| 2015 | ¥241k/m² | ¥375k/m² | – |
| 2016 | ¥265k/m² | ¥400k/m² | – |
| 2017 | ¥270k/m² | ¥432k/m² | ¥727k/m² |
| 2018 | ¥257k/m² | ¥490k/m² | ¥720k/m² |
| 2019 | ¥267k/m² | ¥555k/m² | ¥720k/m² |
| 2020 | ¥260k/m² | ¥449k/m² | ¥775k/m² |
| 2021 | ¥327k/m² | ¥473k/m² | ¥720k/m² |
| 2022 | ¥295k/m² | ¥600k/m² | – |
| 2023 | ¥300k/m² | ¥640k/m² | ¥750k/m² |
| 2024 | ¥327k/m² | ¥600k/m² | ¥800k/m² |
| 2025 | ¥309k/m² | ¥615k/m² | ¥884k/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 | 2011-2020 |
|---|---|---|---|
| 2007 | ¥210k/m² | – | – |
| 2009 | – | ¥304k/m² | – |
| 2010 | ¥172k/m² | ¥327k/m² | – |
| 2011 | ¥177k/m² | – | ¥318k/m² |
| 2012 | ¥169k/m² | – | – |
| 2013 | ¥176k/m² | – | ¥328k/m² |
| 2014 | ¥123k/m² | – | – |
| 2015 | ¥192k/m² | – | ¥315k/m² |
| 2016 | ¥138k/m² | – | – |
| 2017 | ¥225k/m² | – | ¥350k/m² |
| 2018 | ¥200k/m² | – | ¥353k/m² |
| 2019 | ¥175k/m² | – | ¥328k/m² |
| 2020 | ¥163k/m² | – | ¥318k/m² |
| 2022 | ¥211k/m² | – | – |
| 2023 | ¥215k/m² | – | – |
| 2024 | ¥190k/m² | – | – |
| 2025 | ¥162k/m² | – | – |
Prices near train stations in Hyogo Ward, Kobe 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 |
|---|---|---|---|---|---|
| Hyogo (兵庫) | ¥20.0M | ¥800k/m² | ¥43.0M | 6 | 164 |
| Minatogawakoen (湊川公園) | ¥18.0M | ¥350k/m² | ¥13.5M | 10 | 143 |
| Shinkaichi (新開地) | ¥19.0M | ¥800k/m² | ¥51.5M | 4 | 142 |
| Kobe(Hyogo) (神戸(兵庫)) | ¥21.0M | ¥900k/m² | ¥30.0M | 8 | 86 |
| Okurayama(Hyogo) (大倉山(兵庫)) | – | – | ¥20.5M | 13 | 70 |
| Chuoichibamae (中央市場前) | ¥20.0M | ¥935k/m² | ¥69.5M | 6 | 48 |
| Kamisawa(Hyogo) (上沢) | ¥24.0M | ¥489k/m² | ¥35.5M | 3 | 43 |
| Kosoku Kobe (高速神戸) | ¥22.0M | ¥960k/m² | – | 2 | 41 |
| Misakikoen(Hyogo) (御崎公園) | ¥23.0M | ¥400k/m² | ¥41.0M | 3 | 41 |
| Wadamisaki (和田岬) | ¥13.0M | ¥213k/m² | ¥28.0M | 4 | 39 |
| Nagata(Shintetsu) (長田(神戸電鉄)) | ¥5.8M | ¥97k/m² | ¥13.0M | 10 | 22 |
| Daikai (大開) | – | – | – | 3 | 16 |
Used condo prices by layout in Hyogo Ward, Kobe City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥18.0M | 20 m² | 283 |
| 3LDK | ¥25.0M | 60 m² | 75 |
| 1LDK | ¥28.0M | 30 m² | 42 |
| 2LDK | ¥23.0M | 55 m² | 34 |
| 1DK | ¥24.0M | 25 m² | 30 |
| 2DK | ¥18.0M | 40 m² | 17 |
How much does an apartment cost in Hyogo Ward, Kobe City?
The median used condo (mansion) in Hyogo Ward, Kobe City sold for ¥21.0M in 2025, about ¥857k/m², based on 235 recorded sales.
How much does a house cost in Hyogo Ward, Kobe City?
The median house sale, including the land, was ¥25.0M in 2025 across 110 sales.
Are property prices in Hyogo Ward, Kobe City going up?
Over the five years to 2025, condo prices per m² changed +130.5% and residential land prices changed +62.5%.
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.