Kanazawa Housing Market 2025: The Shinkansen City
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥18.5M
- ¥267k/m²
- Median house price (land + building)
- ¥20.0M
- +7.4% vs 2024
- Residential land per m² (sales)
- ¥80k/m²
- +12.7% over 5 years
- Transactions in 2025
- 1,112
- #1 of 11 areas in Ishikawa by price per m²
A Shinkansen boost
Kanazawa got the Hokuriku Shinkansen from Tokyo in 2015. Since then condo prices per m² have risen from about ¥0.17M to ¥0.27M, about 5% a year, with little slowdown. Condos are about 1.1 times the Ishikawa average, the highest in the prefecture. The median condo sold for about ¥18.5M.
Houses are the main market
Kanazawa had about 1,100 recorded sales in 2025, most of them houses and land. The median house sold for about ¥20M, the same as in 2024. Houses lose value slowly and keep about a third of their value even at 37 years old, but buyers mainly pay for the land.
Condos lose value fast
Condos here lose half their price by about 15 years old, much faster than in big cities. A new condo is a premium product in Kanazawa; older ones sell cheaply.
A family market
The most traded condo is a 75 m² 3LDK at about ¥20M, and almost half of condo sales are family-sized. Homes near a station sell for much more than those far away, as most residents drive.
Population and yields
Population fell 2.0% between 2020 and 2025, less than Ishikawa as a whole (−3.9%). A median condo costs about 32 years of median rent, above the Ishikawa average of 28.
Risks and renewal
Benchmark residential land rose only 1.9% in the past year. The 30-year probability of 6-lower shaking is low (about 7%), though the 2024 Noto Peninsula earthquake shook the city. About 57% of benchmark sites are in a flood zone, mostly shallow, along the Sai and Asano rivers. The Kanazawa Station East area is an Urgent Urban Renewal Area.
Living in Kanazawa City: people, homes and risks
- Population 2025
- 454,071
- -2.0% since 2020
- Ishikawa: -3.9%
- Net moves in 2025
- -167
- -0.37 per 1,000 residents
- Ishikawa: -2.55
- Vacant homes (2023)
- 14.8%
- 4.8% empty and not for rent or sale
- Ishikawa: 15.6%
- Median rent (2023)
- ¥48k
- per month, all rented homes
- Ishikawa: ¥47k
- Strong earthquake risk
- 6.6%
- chance of shaking of intensity 6-lower or more within 30 years
- Ishikawa: 6.8%
- Official land price 2026
- ¥90k/m²
- +1.9% in a year · +12.7% in 5 years
- Ishikawa: ¥49k/m²
- Flood exposure
- 57.4%
- of 94 benchmark sites in a worst-case flood zone (3.2% 3 m or deeper)
- Ishikawa: 58.8%
- Landslide exposure
- 4.3%
- of 94 benchmark sites in a landslide warning area
- Ishikawa: 2.8%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Kanazawa Station East · 59 ha · designated 2025
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 Kanazawa 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
¥4.5M
¥64k/m²
- Kodatsuno
- Kanazawa
- 3LDK · 70 m²
- Built 1993 (33 yrs)
¥19.0M
¥238k/m²
- Izumihommachi
- Nishiizumi · 8 min walk
- 3LDK · 80 m²
- Built 2003 (22 yrs) · SRC
¥39.0M
¥459k/m²
- Hommachi
- Kanazawa · 8 min walk
- 2LDK · 85 m²
- Built 2007 (18 yrs) · SRC
House
¥9.8M
¥123k/m²
- Hondamachi
- Kanazawa
- Land 120 m² · floor 80 m²
- Built 1966 (60 yrs) · Wood
¥21.0M
¥105k/m²
- Shijimadai
- Otomaru · 11 min walk
- Land 290 m² · floor 200 m²
- Built 1992 (34 yrs) · Light steel
¥35.0M
¥412k/m²
- Kamiyachimachi
- Higashi Kanazawa · 15 min walk
- Land 105 m² · floor 85 m²
- Built 2026 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥11.5M | ¥18.0M |
| 2008 | ¥12.0M | ¥19.0M |
| 2009 | ¥12.0M | ¥16.0M |
| 2010 | ¥11.0M | ¥17.0M |
| 2011 | ¥9.8M | ¥16.0M |
| 2012 | ¥10.0M | ¥17.0M |
| 2013 | ¥14.0M | ¥18.0M |
| 2014 | ¥9.4M | ¥18.0M |
| 2015 | ¥11.0M | ¥17.5M |
| 2016 | ¥13.0M | ¥17.0M |
| 2017 | ¥12.0M | ¥20.0M |
| 2018 | ¥14.0M | ¥20.0M |
| 2019 | ¥14.0M | ¥20.0M |
| 2020 | ¥14.0M | ¥22.0M |
| 2021 | ¥15.0M | ¥22.0M |
| 2022 | ¥16.0M | ¥18.0M |
| 2023 | ¥13.0M | ¥19.0M |
| 2024 | ¥18.0M | ¥20.0M |
| 2025 | ¥18.5M | ¥20.0M |
| 2026 (partial) | ¥20.0M | ¥20.5M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥155k/m² | ¥125k/m² | ¥82k/m² |
| 2008 | ¥163k/m² | ¥126k/m² | ¥79k/m² |
| 2009 | ¥175k/m² | ¥110k/m² | ¥71k/m² |
| 2010 | ¥153k/m² | ¥113k/m² | ¥66k/m² |
| 2011 | ¥150k/m² | ¥110k/m² | ¥65k/m² |
| 2012 | ¥144k/m² | ¥109k/m² | ¥63k/m² |
| 2013 | ¥187k/m² | ¥109k/m² | ¥61k/m² |
| 2014 | ¥146k/m² | ¥122k/m² | ¥61k/m² |
| 2015 | ¥166k/m² | ¥115k/m² | ¥68k/m² |
| 2016 | ¥180k/m² | ¥119k/m² | ¥65k/m² |
| 2017 | ¥182k/m² | ¥133k/m² | ¥67k/m² |
| 2018 | ¥186k/m² | ¥139k/m² | ¥72k/m² |
| 2019 | ¥200k/m² | ¥136k/m² | ¥73k/m² |
| 2020 | ¥213k/m² | ¥158k/m² | ¥71k/m² |
| 2021 | ¥218k/m² | ¥148k/m² | ¥76k/m² |
| 2022 | ¥206k/m² | ¥129k/m² | ¥76k/m² |
| 2023 | ¥200k/m² | ¥133k/m² | ¥79k/m² |
| 2024 | ¥264k/m² | ¥127k/m² | ¥81k/m² |
| 2025 | ¥267k/m² | ¥136k/m² | ¥80k/m² |
| 2026 (partial) | ¥258k/m² | ¥139k/m² | ¥86k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥295k/m² |
| 1 | ¥948k/m² | ¥282k/m² |
| 2 | – | ¥290k/m² |
| 3 | – | ¥270k/m² |
| 4 | – | ¥257k/m² |
| 5 | – | ¥255k/m² |
| 6 | – | ¥270k/m² |
| 7 | – | ¥224k/m² |
| 8 | – | ¥222k/m² |
| 9 | – | ¥249k/m² |
| 10 | – | ¥204k/m² |
| 11 | – | ¥226k/m² |
| 12 | – | ¥218k/m² |
| 13 | – | ¥200k/m² |
| 14 | – | ¥211k/m² |
| 15 | ¥400k/m² | ¥176k/m² |
| 16 | ¥394k/m² | ¥152k/m² |
| 17 | ¥355k/m² | ¥170k/m² |
| 18 | ¥453k/m² | ¥184k/m² |
| 19 | ¥350k/m² | ¥178k/m² |
| 20 | – | ¥160k/m² |
| 21 | ¥207k/m² | ¥146k/m² |
| 22 | ¥239k/m² | ¥165k/m² |
| 23 | ¥234k/m² | ¥131k/m² |
| 24 | ¥273k/m² | ¥124k/m² |
| 25 | ¥253k/m² | ¥126k/m² |
| 26 | ¥227k/m² | ¥130k/m² |
| 27 | ¥200k/m² | ¥119k/m² |
| 28 | – | ¥106k/m² |
| 29 | ¥160k/m² | ¥117k/m² |
| 30 | ¥150k/m² | ¥107k/m² |
| 31 | ¥146k/m² | ¥120k/m² |
| 32 | ¥133k/m² | ¥100k/m² |
| 33 | ¥151k/m² | ¥95k/m² |
| 34 | ¥133k/m² | ¥100k/m² |
| 35 | ¥158k/m² | ¥111k/m² |
| 36 | ¥168k/m² | ¥98k/m² |
| 37 | ¥131k/m² | ¥80k/m² |
| 38 | – | ¥86k/m² |
| 39 | – | ¥68k/m² |
| 40 | – | ¥78k/m² |
| 41 | – | ¥100k/m² |
| 42 | – | ¥83k/m² |
| 43 | – | ¥100k/m² |
| 44 | – | ¥90k/m² |
| 45 | – | ¥80k/m² |
| 46 | – | ¥75k/m² |
| 47 | – | ¥91k/m² |
| 48 | – | ¥77k/m² |
| 49 | – | ¥79k/m² |
| 50 | – | ¥78k/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 | ¥145k/m² | – | – |
| 2008 | ¥133k/m² | ¥293k/m² | – |
| 2009 | ¥111k/m² | ¥293k/m² | – |
| 2010 | ¥121k/m² | ¥323k/m² | – |
| 2011 | ¥122k/m² | ¥318k/m² | – |
| 2012 | ¥114k/m² | ¥240k/m² | – |
| 2013 | ¥140k/m² | ¥271k/m² | ¥415k/m² |
| 2014 | ¥129k/m² | ¥300k/m² | – |
| 2015 | ¥145k/m² | ¥270k/m² | – |
| 2016 | ¥139k/m² | ¥307k/m² | – |
| 2017 | ¥151k/m² | ¥261k/m² | – |
| 2018 | ¥145k/m² | ¥300k/m² | – |
| 2019 | ¥182k/m² | ¥289k/m² | – |
| 2020 | ¥165k/m² | – | – |
| 2021 | ¥169k/m² | ¥325k/m² | ¥644k/m² |
| 2022 | ¥183k/m² | ¥318k/m² | – |
| 2023 | ¥144k/m² | ¥333k/m² | – |
| 2024 | ¥140k/m² | ¥337k/m² | – |
| 2025 | ¥190k/m² | ¥355k/m² | – |
| 2026 (partial) | ¥156k/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 | ¥111k/m² | ¥125k/m² | ¥254k/m² | – |
| 2008 | ¥100k/m² | ¥113k/m² | ¥229k/m² | – |
| 2009 | ¥87k/m² | ¥117k/m² | ¥210k/m² | – |
| 2010 | ¥102k/m² | ¥100k/m² | ¥219k/m² | – |
| 2011 | ¥80k/m² | ¥100k/m² | ¥169k/m² | ¥219k/m² |
| 2012 | ¥75k/m² | ¥105k/m² | ¥169k/m² | ¥213k/m² |
| 2013 | ¥79k/m² | ¥99k/m² | ¥183k/m² | ¥210k/m² |
| 2014 | ¥88k/m² | ¥108k/m² | ¥169k/m² | ¥210k/m² |
| 2015 | ¥72k/m² | ¥96k/m² | ¥174k/m² | ¥220k/m² |
| 2016 | ¥78k/m² | ¥110k/m² | ¥166k/m² | ¥232k/m² |
| 2017 | ¥79k/m² | ¥111k/m² | ¥171k/m² | ¥243k/m² |
| 2018 | ¥82k/m² | ¥114k/m² | ¥191k/m² | ¥248k/m² |
| 2019 | ¥78k/m² | ¥114k/m² | ¥159k/m² | ¥255k/m² |
| 2020 | ¥73k/m² | ¥109k/m² | ¥170k/m² | ¥254k/m² |
| 2021 | ¥91k/m² | ¥96k/m² | ¥168k/m² | ¥235k/m² |
| 2022 | ¥84k/m² | ¥100k/m² | ¥176k/m² | ¥244k/m² |
| 2023 | ¥83k/m² | ¥112k/m² | ¥167k/m² | ¥263k/m² |
| 2024 | ¥71k/m² | ¥100k/m² | ¥173k/m² | ¥255k/m² |
| 2025 | ¥91k/m² | ¥111k/m² | ¥170k/m² | ¥245k/m² |
| 2026 (partial) | ¥100k/m² | ¥132k/m² | – | – |
Prices near train stations in Kanazawa 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 |
|---|---|---|---|---|---|
| Kanazawa (金沢) | ¥16.0M | ¥240k/m² | ¥20.0M | 18 | 1643 |
| Higashi Kanazawa (東金沢) | ¥20.5M | ¥262k/m² | ¥18.0M | 13 | 61 |
| Nishi Kanazawa (西金沢) | – | – | ¥18.5M | 11 | 52 |
| Morimoto (森本) | – | – | ¥13.0M | 14 | 51 |
| Nonoichi(IR) (野々市(ＩＲ)) | – | – | ¥19.0M | 13 | 10 |
Used condo prices by layout in Kanazawa City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥20.0M | 75 m² | 142 |
| 2LDK | ¥19.0M | 65 m² | 75 |
| 1K | ¥2.1M | 20 m² | 47 |
| 1LDK | ¥15.0M | 55 m² | 25 |
| 4LDK | ¥29.5M | 90 m² | 20 |
| 2DK | ¥6.5M | 45 m² | 15 |
| 1DK | ¥4.3M | 35 m² | 14 |
How much does an apartment cost in Kanazawa City?
The median used condo (mansion) in Kanazawa City sold for ¥18.5M in 2025, about ¥267k/m², based on 120 recorded sales.
How much does a house cost in Kanazawa City?
The median house sale, including the land, was ¥20.0M in 2025 across 537 sales.
Are property prices in Kanazawa City going up?
Over the five years to 2025, condo prices per m² changed +25.0% and residential land prices changed +12.7%.
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.