Miyako City Housing Market Report 2025
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median house price (land + building)
- ¥5.5M
- Transactions in 2025
- 46
- #7 of 9 areas in Iwate by price per m²
What the data says
The trend has turned down
After rising earlier, house prices per m² have slipped by about 2.8% a year over the last five years. That often reflects weaker local demand, so check vacancy and population trends before buying.
Moving with Iwate
Per m², houses here are 21% below the Iwate average. That position has barely changed in ten years, so it moves with the wider market.
Sales are thinning out
Transactions are down about 73% on the previous three years. Fewer sales mean less choice and slower resale, so allow more time to sell later.
What a typical purchase costs
Half of all house sales last year were between ¥3.5M and ¥13.0M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 12.1% between 2020 and 2025 (−7% for the wider area). More people moved out than in during 2025 (about 6.8 per 1,000 residents), which weakens long-term housing demand.
Many abandoned homes
22.2% of homes were empty in 2023 (17.3% for the wider area), and 13.6% were empty without being for rent, for sale or used as second homes. That is a high share of truly abandoned homes (akiya), a sign of weak demand. Cheap houses are easy to find, but resale can be slow.
High earthquake risk
The government's seismic model gives a 59% chance of shaking of intensity 6-lower or stronger in the next 30 years (12% for the wider area). Check the building's earthquake standard (post-1981, ideally post-2000 for wooden houses) and consider earthquake insurance.
Official land prices are still falling
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed -2% in the year to January 2026 and -5% over five years. Because these sites don't change, this is the cleanest measure of land value trends.
Significant flood risk
Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 40% are inside the worst-case flood zone (40% with expected depths of 3 m or more), 60% are in a tsunami inundation zone. 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 Miyako City: people, homes and risks
- Population 2025
- 44,277
- -12.1% since 2020
- Iwate: -7.0%
- Net moves in 2025
- -301
- -6.8 per 1,000 residents
- Iwate: -3.52
- Vacant homes (2023)
- 22.2%
- 13.6% empty and not for rent or sale
- Iwate: 17.3%
- Median rent (2023)
- ¥36k
- per month, all rented homes
- Iwate: ¥46k
- Strong earthquake risk
- 58.5%
- chance of shaking of intensity 6-lower or more within 30 years
- Iwate: 12.3%
- Official land price 2026
- ¥39k/m²
- -1.9% in a year · -5.5% in 5 years
- Iwate: ¥30k/m²
- Flood exposure
- 40.0%
- of 5 benchmark sites in a worst-case flood zone (40.0% 3 m or deeper)
- Iwate: 38.2%
- Tsunami exposure
- 60.0%
- of 5 benchmark sites in a tsunami inundation zone
- Iwate: 10.7%
- Landslide exposure
- 0.0%
- of 5 benchmark sites in a landslide warning area
- Iwate: 5.1%
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 Miyako 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.
House
¥3.5M
¥50k/m²
- Fujinokawa
- Sokei · 24 min walk
- Land 110 m² · floor 70 m²
- Built 1990 (36 yrs) · Wood
¥5.3M
¥42k/m²
- Kampana
- Sentoku · 5 min walk
- Land 150 m² · floor 125 m²
- Built 1991 (35 yrs) · Wood
¥15.0M
¥42k/m²
- Fujiwara
- Sokei · 15 min walk
- Land 660 m² · floor 360 m²
- Built 1965 (61 yrs) · Wood
Show data table
| Year | House |
|---|---|
| 2007 | ¥8.3M |
| 2008 | ¥9.5M |
| 2009 | ¥6.3M |
| 2010 | ¥9.0M |
| 2011 | ¥8.1M |
| 2012 | ¥12.0M |
| 2013 | ¥12.0M |
| 2014 | ¥9.5M |
| 2015 | ¥11.0M |
| 2016 | ¥12.0M |
| 2017 | ¥10.0M |
| 2018 | ¥19.0M |
| 2019 | ¥5.6M |
| 2020 | ¥11.5M |
| 2021 | ¥13.0M |
| 2022 | ¥9.3M |
| 2024 | ¥10.0M |
| 2025 | ¥5.5M |
Show data table
| Year | House | Land |
|---|---|---|
| 2007 | ¥56k/m² | ¥24k/m² |
| 2008 | ¥54k/m² | ¥31k/m² |
| 2009 | ¥47k/m² | ¥20k/m² |
| 2010 | ¥63k/m² | ¥17k/m² |
| 2011 | ¥70k/m² | ¥20k/m² |
| 2012 | ¥112k/m² | ¥23k/m² |
| 2013 | ¥100k/m² | ¥25k/m² |
| 2014 | ¥67k/m² | ¥23k/m² |
| 2015 | ¥77k/m² | ¥19k/m² |
| 2016 | ¥89k/m² | ¥12k/m² |
| 2017 | ¥88k/m² | ¥23k/m² |
| 2018 | ¥90k/m² | ¥29k/m² |
| 2019 | ¥56k/m² | ¥26k/m² |
| 2020 | ¥104k/m² | ¥20k/m² |
| 2021 | ¥107k/m² | ¥22k/m² |
| 2022 | ¥82k/m² | ¥21k/m² |
| 2024 | ¥81k/m² | – |
| 2025 | ¥57k/m² | – |
Prices near train stations in Miyako 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 |
|---|---|---|---|---|---|
| Miyako (宮古) | – | – | ¥12.0M | 13 | 33 |
| Sentoku (千徳) | – | – | ¥13.0M | 15 | 20 |
How much does a house cost in Miyako City?
The median house sale, including the land, was ¥5.5M in 2025 across 29 sales.
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.