Iwate Real Estate Uncovered: Trends, Values, and Modern Insights
Iwate Prefecture, nestled within Japan's scenic Tohoku region, offers a distinctive blend of cultural heritage, natural beauty, and evolving real estate opportunities. With major urban centers such as Morioka City and emerging markets in smaller cities like Takizawa and Ichinoseki, the region attracts both domestic and international investors. The local infrastructure, quality of life, and stable employment rates contribute to a strong housing market, where the majority of residents prefer home ownership. For potential buyers, Iwate represents an attractive investment area with a balanced mix of tradition and modernity.
Ratio of population of foreigners (per 100,000 persons)
573.1
Aging index
326.4
Rate of population change
-1.25%
Yearly average of air temperature
11.2
Yearly average of relative humidity
78%
Yearly clear days
14
Number of elementary schools (per inhabitable area 100 km2)
7.7
Number of lower secondary schools (per inhabitable area 100 km2)
4.03
Number of upper secondary schools (per inhabitable area 100 km2)
2.11
Percentage of persons employed
96.2%
Unemployment rate (Both sexes)
3.8%
Percentage of owned houses
69.9%
Number of retail stores (per 1,000 persons)
8.72
Number of eating and drinking places (per 1,000 persons)
3.99
Number of department stores and general merchandise stores (per 100,000 persons)
0.84
Number of traffic accidents (per 100,000 persons)
127.9
Number of recognitions of criminal offenses (per 1,000 persons)
2.1
Amount of damage by disasters (per capita)(30 years average)
￥39981
Areas in Iwate
| Area | Median Price per m² | Growth over last 5 years |
|---|---|---|
| Morioka City | ￥208,000 | 45.4% |
| Takizawa City | ￥152,941 | 8.3% |
| Kitakami City | ￥130,000 | -16.5% |
| Hanamaki City | ￥68,000 | 4.4% |
| Oshu City | ￥58,184 | -37.7% |
| Ichinoseki City | ￥35,945 | -55.9% |
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