Oarai coast, Ibaraki
Photo: Oarai coast, Ibaraki · Hong Ki Tang / Unsplash

Tsukuba Housing Market 2025: A Science City Growing 11%

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

Key figures for 2025

Median used condo price
¥40.0M
¥504k/m²
Median house price (land + building)
¥39.5M
+11.4% vs 2024
Residential land per m² (sales)
¥32k/m²
-15.8% over 5 years
Transactions in 2025
583
#1 of 32 areas in Ibaraki by price per m²

One of Japan's fastest-growing cities

Tsukuba grew 11.3% between 2020 and 2025, the fastest of any city or ward in Japan with more than 200,000 people, while Ibaraki shrank 2.6%. Households grew 13%. The growth is centred on the Tsukuba Express line, which reaches Akihabara in about 45 minutes.

Condos rising faster than land

Condos cost about ¥0.50M per m², the highest in Ibaraki and about 1.7 times the prefecture average, up from 1.3 times ten years ago. Prices per m² rose about 6% a year over the past five years. Official benchmark land rose more slowly, about 13% over five years and 6% over ten, and land in transactions fell. The price rise is concentrated in new condos near the TX stations, not across the city.

A family market

Almost all condo sales are family-sized; the most traded home is an 80 m² 3LDK at about ¥36M. Houses are the bigger market, with about 230 sold in 2025 at a median of about ¥39.5M. Houses lose value fast and are down to land value by about 40 years old.

Stations

Tsukuba and Kenkyu-Gakuen stations sell condos at about ¥0.42–0.46M per m². Many homes are a long walk from a station; being within 5 minutes adds about 17% per m².

Expensive compared with rents

A median condo costs about 61 years of median rent, one of the highest ratios we have seen, because rents in Tsukuba (about ¥54,000) are set by students and researchers in small flats while buyers pay for new family condos.

Low natural risk

Only about 3% of benchmark sites are in a flood zone, one of the lowest shares in Ibaraki. Earthquake probability is about 45% for 6-lower in 30 years.

Living in Tsukuba City: people, homes and risks

Population 2025
268,991
+11.3% since 2020
Ibaraki: -2.6%
Net moves in 2025
+2,046
+7.61 per 1,000 residents
Ibaraki: -2.14
Vacant homes (2023)
8.1%
4.1% empty and not for rent or sale
Ibaraki: 14.1%
Median rent (2023)
¥54k
per month, all rented homes
Ibaraki: ¥50k
Strong earthquake risk
45.1%
chance of shaking of intensity 6-lower or more within 30 years
Ibaraki: 56.2%
Official land price 2026
¥51k/m²
+5.4% in a year · +12.8% in 5 years
Ibaraki: ¥27k/m²
Flood exposure
2.6%
of 38 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Ibaraki: 26.5%
Landslide exposure
0.0%
of 38 benchmark sites in a landslide warning area
Ibaraki: 0.3%

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 Tsukuba 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 Q1

¥30.0M

¥300k/m²

  • Namiki
  • Tsukuba
  • 3LDK · 100 m²
  • Built 2008 (18 yrs) · RC
Typical2026 Q2

¥49.0M

¥613k/m²

  • Azuma
  • Tsukuba · 6 min walk
  • 3LDK · 80 m²
  • Built 2013 (13 yrs) · RC
Higher-priced2025 Q3

¥57.0M

¥713k/m²

  • Azuma
  • Tsukuba · 4 min walk
  • 3LDK · 80 m²
  • Built 2017 (8 yrs) · RC

House

Lower-priced2025 Q4

¥7.0M

¥58k/m²

  • Yatabe
  • Midorino · 24 min walk
  • Land 160 m² · floor 120 m²
  • Built 1997 (28 yrs) · Wood
Typical2026 Q1

¥32.0M

¥194k/m²

  • Ninomiya
  • Tsukuba · 21 min walk
  • Land 310 m² · floor 165 m²
  • Built 1986 (40 yrs) · Light steel
Higher-priced2025 Q4

¥57.0M

¥543k/m²

  • Tokodai
  • Kenkyu Gakuen
  • Land 140 m² · floor 105 m²
  • Built 2024 (1 yrs) · Wood
Median transaction price by yearCondos now cost more than houses — Since 2024, the median used condo has sold for more than the median house with its land, reversing the earlier pattern. Since then condo prices have moved +25% while house prices moved +7%. Condo demand is concentrated in central, well-connected locations, while many houses sold are older homes in outlying areas where prices are flat or falling. Buyers are paying for convenience over space.A sharp recent rise — The median condo price rose 25% between 2023 and 2025. Prices per m² rose 26% too, so this is a genuine like-for-like increase, not just bigger homes selling. With only 43 condo sales in 2025, a handful of expensive deals can move the median a lot.
¥0¥10.0M¥20.0M¥30.0M¥40.0M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007–¥28.5M
2008¥29.0M¥25.0M
2009¥23.0M¥22.0M
2010¥25.0M¥24.0M
2011¥34.5M¥22.0M
2012¥24.0M¥21.0M
2013¥25.0M¥25.0M
2014¥23.0M¥29.0M
2015¥24.5M¥32.5M
2016¥30.0M¥31.0M
2017¥27.0M¥32.0M
2018¥27.0M¥34.0M
2019¥30.0M¥32.0M
2020¥28.0M¥30.0M
2021¥31.0M¥34.0M
2022¥34.5M¥35.0M
2023¥32.0M¥37.0M
2024¥36.0M¥35.0M
2025¥40.0M¥39.5M
2026 (partial)–¥30.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 40% 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¥200k¥400k¥600k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007–¥175k/m²¥24k/m²
2008¥329k/m²¥155k/m²¥32k/m²
2009¥259k/m²¥165k/m²¥32k/m²
2010¥292k/m²¥156k/m²¥32k/m²
2011¥350k/m²¥125k/m²¥31k/m²
2012¥295k/m²¥117k/m²¥39k/m²
2013¥300k/m²¥167k/m²¥33k/m²
2014¥276k/m²¥222k/m²¥32k/m²
2015¥313k/m²¥222k/m²¥38k/m²
2016¥332k/m²¥245k/m²¥39k/m²
2017¥327k/m²¥248k/m²¥32k/m²
2018¥340k/m²¥275k/m²¥30k/m²
2019¥346k/m²¥264k/m²¥35k/m²
2020¥329k/m²¥230k/m²¥38k/m²
2021¥375k/m²¥278k/m²¥36k/m²
2022¥395k/m²¥296k/m²¥33k/m²
2023¥400k/m²¥289k/m²¥21k/m²
2024¥413k/m²¥260k/m²¥25k/m²
2025¥504k/m²¥290k/m²¥32k/m²
2026 (partial)–¥164k/m²¥31k/m²
Price per m² by building age (2021–2025 sales)Houses bottom out at around 40 years — House prices per m² drop about 79% from new by age 40, 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¥200k¥400k¥600k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥340k/m²
1–¥329k/m²
2–¥350k/m²
3–¥321k/m²
4–¥286k/m²
5¥533k/m²¥318k/m²
6¥466k/m²¥382k/m²
7¥465k/m²¥314k/m²
8¥463k/m²¥346k/m²
12¥384k/m²¥244k/m²
13¥299k/m²–
14¥363k/m²–
15¥300k/m²–
16¥384k/m²–
17¥390k/m²–
18¥385k/m²–
19–¥174k/m²
20–¥179k/m²
21–¥168k/m²
24–¥132k/m²
25–¥150k/m²
26–¥132k/m²
27–¥129k/m²
28–¥96k/m²
29–¥149k/m²
30¥224k/m²¥100k/m²
31–¥80k/m²
32–¥112k/m²
33–¥109k/m²
34–¥121k/m²
35–¥154k/m²
36–¥102k/m²
37–¥83k/m²
38–¥129k/m²
39–¥69k/m²
40–¥104k/m²
41–¥46k/m²
42–¥61k/m²
43–¥46k/m²
44–¥48k/m²
45–¥55k/m²
46–¥36k/m²
47–¥29k/m²
48–¥70k/m²
50–¥40k/m²
House 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
Year1971-19801981-20002001-20102011-2020
2007–¥125k/m²¥281k/m²–
2008–¥90k/m²¥267k/m²–
2009–¥100k/m²¥250k/m²–
2010¥72k/m²¥116k/m²¥255k/m²–
2011–¥100k/m²––
2012–¥81k/m²–¥287k/m²
2013–¥94k/m²¥200k/m²¥305k/m²
2014–¥82k/m²¥183k/m²¥318k/m²
2015¥63k/m²¥91k/m²–¥343k/m²
2016¥70k/m²¥100k/m²–¥308k/m²
2017¥67k/m²¥92k/m²¥170k/m²¥305k/m²
2018¥55k/m²¥91k/m²¥178k/m²¥326k/m²
2019–¥85k/m²–¥320k/m²
2020¥52k/m²¥98k/m²–¥287k/m²
2021¥48k/m²¥121k/m²–¥304k/m²
2022¥42k/m²¥103k/m²¥193k/m²¥344k/m²
2023¥52k/m²¥110k/m²–¥309k/m²
2024¥41k/m²¥83k/m²¥209k/m²¥306k/m²
2025¥37k/m²¥125k/m²––
2026 (partial)–¥104k/m²––

Prices near train stations in Tsukuba City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Tsukuba (つくば)¥35.0M¥421k/m²¥42.0M14448
Midorino (みどりの)––¥37.5M14137
Kenkyu Gakuen (研究学園)¥41.0M¥460k/m²¥34.5M14123
Bampaku Kinenkoen(Ibaraki) (万博記念公園(茨城))––¥42.0M2084
Ushiku (牛久)––¥6.3M2459
Hitachinoushiku (ひたち野うしく)––¥7.0M–23
Arakawaoki (荒川沖)––¥33.0M–21
Ryugasaki Shi (龍ケ崎市)––¥4.0M–17

Used condo prices by layout in Tsukuba City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥36.0M80 m²103
4LDK¥37.0M90 m²33
2LDK¥27.5M70 m²18

How much does an apartment cost in Tsukuba City?

The median used condo (mansion) in Tsukuba City sold for ¥40.0M in 2025, about ¥504k/m², based on 43 recorded sales.

How much does a house cost in Tsukuba City?

The median house sale, including the land, was ¥39.5M in 2025 across 226 sales.

Are property prices in Tsukuba City going up?

Over the five years to 2025, condo prices per m² changed +53.0% and residential land prices changed -15.8%.

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.