Real Estate Market Report of Iwate: Key Insights and Trends
Iwate Prefecture, situated in the northeastern part of Japan, is a region with a rich cultural history and diverse landscapes ranging from coastal areas to mountainous terrain. Its capital, Morioka City, offers a blend of traditional charm and modern conveniences, making it an attractive location for real estate investment. Despite a minor decline in prices, Morioka City presents a unique opportunity with an average price of ￥108,333 for potential investors looking for stability in a less volatile market.
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 | ￥108,333 | -30.2% |
| Takizawa City | ￥90,549 | -18.5% |
| Hanamaki City | ￥55,494 | -32.5% |
| Oshu City | ￥42,754 | -29.9% |
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