Minato Mirai, Yokohama, Kanagawa
Photo: Minato Mirai, Yokohama, Kanagawa · Roberto Jr Saldana / Unsplash

Kanagawa Housing Market 2025: Tokyo's Overflow, with Rising Earthquake Awareness

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

Key figures for 2025

Median used condo price
¥29.0M
¥571k/m² · +3.9% vs 2024
Median house price (land + building)
¥43.0M
+3.4% vs 2024
Residential land per m² (sales)
¥180k/m²
+12.5% over 5 years
Transactions in 2025
20,222
#2 of 47 areas in Japan by price per m²

People keep moving in

Kanagawa gained about 28,000 people from the rest of Japan in 2025, the second-biggest inflow after Tokyo, and its population has been almost flat since 2020 while the country shrank. Households grew 3%. Much of this is families moving out of Tokyo for more space, which is why about half of condo sales here are three-bedroom family homes, compared with fewer than a third in Tokyo.

Condo growth is accelerating

Condo prices per m² rose about 5% a year over the last five years, up from 3.5% before that. The fastest growth is right on the Tokyo border: Kawasaki Ward, Nakahara Ward (Musashi-Kosugi) and Yokohama's Nishi Ward (Minato Mirai) are up 40% to 50% in five years. Nakahara and Nishi now trade above 1 million yen per m², and Kanagawa's most expensive residential benchmark site is in Musashi-Kosugi.

Newer buildings are pulling ahead

Unlike Tokyo, Kanagawa clearly rewards newer construction. Over the decade, 2010s condos gained about 55% per m² while pre-1981 condos gained only about 20%, and pre-1981 buildings now sell at a 40% discount to 1980s and 90s ones. Much of the older stock is in big hillside housing estates that are hard to redevelop.

Land: steady, not spectacular

The government's fixed benchmark sites show residential land up 3.3% in the past year and 12% over five years, in line with the transaction data. Houses cost about 70% as much per m² as condos, more than in Tokyo or Osaka, reflecting family demand for detached homes.

Risks to know

Kanagawa has one of the highest earthquake risks among big prefectures: a 56% chance of 6-lower shaking in 30 years for the average resident. About 10% of benchmark sites are in tsunami zones, mostly along the Shonan coast and Yokohama/Kawasaki waterfront. Flood exposure is lower than in Tokyo or Osaka.

Redevelopment

Central Yokohama (Yokohama Station, Minato Mirai and Kannai), Kawasaki Station, Hama-Kawasaki, the Tonomachi area facing Haneda, Hashimoto (a future maglev station) and Hon-Atsugi are all government renewal zones.

Living in Kanagawa: people, homes and risks

Population 2025
9,193,657
-0.5% since 2020
Japan: -2.5%
Net moves in 2025
+28,052
+3.05 per 1,000 residents
Vacant homes (2023)
9.8%
3.2% empty and not for rent or sale
Japan: 13.8%
Median rent (2023)
¥70k
per month, all rented homes
Japan: ¥57k
Strong earthquake risk
56.2%
chance of shaking of intensity 6-lower or more within 30 years
Japan: 38.4%
Official land price 2026
¥198k/m²
+3.3% in a year · +11.9% in 5 years
Japan: ¥74k/m²
Flood exposure
25.9%
of 1674 benchmark sites in a worst-case flood zone (2.4% 3 m or deeper)
Japan: 42.6%
Tsunami exposure
10.5%
of 1674 benchmark sites in a tsunami inundation zone
Japan: 7.8%
Landslide exposure
2.4%
of 1674 benchmark sites in a landslide warning area
Japan: 2.6%

Urban renewal zones

Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.

  • Haneda Airport South, Kawasaki Tonomachi and Daishigawara · 339 ha · designated 2002 · Specified zone (highest priority)
  • Central Yokohama and Waterfront (Yokohama Station, Minato Mirai, Kannai) · 524 ha · designated 2002 · Specified zone (highest priority)
  • Kamiooka Station West, Yokohama · 7 ha · designated 2002
  • Hama-Kawasaki Station area · 104 ha · designated 2002
  • Kawasaki Station area · 66 ha · designated 2003
  • Hashimoto and Sagamihara Station areas · 89 ha · designated 2003
  • Hon-Atsugi Station area · 20 ha · designated 2004

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 Kanagawa

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 Q2

¥15.0M

¥1.0M/m²

  • Daimachi, Kanagawa Ward, Yokohama City
  • Yokohama · 7 min walk
  • Open floor · 15 m²
  • Built 1993 (33 yrs) · SRC
Typical2026 Q2

¥29.0M

¥580k/m²

  • Tsurumichuo, Tsurumi Ward, Yokohama City
  • Keikyu Tsurumi · 6 min walk
  • 3LDK · 50 m²
  • Built 1994 (32 yrs) · SRC
Higher-priced2026 Q2

¥50.0M

¥714k/m²

  • Egasakicho, Tsurumi Ward, Yokohama City
  • Shitte · 15 min walk
  • 3LDK · 70 m²
  • Built 2018 (8 yrs) · RC

House

Lower-priced2026 Q2

¥23.0M

¥354k/m²

  • Wakamiyacho, Minami Ward, Yokohama City
  • Gumyoji(YokohamaCitySubway) · 6 min walk
  • Land 55 m² · floor 65 m²
  • Built 1983 (43 yrs) · Wood
Typical2026 Q2

¥44.0M

¥550k/m²

  • Sugetacho, Kanagawa Ward, Yokohama City
  • Kamoi · 18 min walk
  • Land 70 m² · floor 80 m²
  • Built 2026 (0 yrs) · Wood
Higher-priced2026 Q2

¥65.0M

¥722k/m²

  • Kamiookahigashi, Konan Ward, Yokohama City
  • Kamiooka · 8 min walk
  • Land 120 m² · floor 90 m²
  • Built 2026 (0 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥18.0M¥41.0M
2006¥19.0M¥42.0M
2007¥20.0M¥40.0M
2008¥21.0M¥38.0M
2009¥21.0M¥35.0M
2010¥22.0M¥35.0M
2011¥21.0M¥35.0M
2012¥21.0M¥34.0M
2013¥21.0M¥34.0M
2014¥21.0M¥34.0M
2015¥22.0M¥35.0M
2016¥22.0M¥36.0M
2017¥23.0M¥37.0M
2018¥23.0M¥36.0M
2019¥24.0M¥36.0M
2020¥24.0M¥36.0M
2021¥25.0M¥38.0M
2022¥25.0M¥40.0M
2023¥27.0M¥42.0M
2024¥27.0M¥42.0M
2025¥29.0M¥43.0M
2026 (partial)¥28.0M¥44.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 28% 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¥600k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥335k/m²¥400k/m²¥210k/m²
2006¥333k/m²¥410k/m²¥200k/m²
2007¥347k/m²¥389k/m²¥190k/m²
2008¥369k/m²¥375k/m²¥180k/m²
2009¥347k/m²¥343k/m²¥170k/m²
2010¥373k/m²¥347k/m²¥160k/m²
2011¥357k/m²¥350k/m²¥160k/m²
2012¥345k/m²¥337k/m²¥160k/m²
2013¥347k/m²¥337k/m²¥160k/m²
2014¥364k/m²¥333k/m²¥150k/m²
2015¥373k/m²¥333k/m²¥150k/m²
2016¥388k/m²¥345k/m²¥150k/m²
2017¥400k/m²¥352k/m²¥160k/m²
2018¥420k/m²¥352k/m²¥160k/m²
2019¥429k/m²¥348k/m²¥150k/m²
2020¥444k/m²¥359k/m²¥160k/m²
2021¥462k/m²¥371k/m²¥160k/m²
2022¥500k/m²¥380k/m²¥170k/m²
2023¥529k/m²¥391k/m²¥180k/m²
2024¥550k/m²¥396k/m²¥190k/m²
2025¥571k/m²¥409k/m²¥180k/m²
2026 (partial)¥567k/m²¥400k/m²¥180k/m²
Price per m² by building age (2021–2025 sales)How condos age here — In recent sales, condos lose about a quarter of their per-m² value by around 15 years old and half by around 27. Prices keep falling by roughly 2.2% a year even after 25 years, so older condos here are cheap for a reason. Check the repair fund and rebuild plans.Houses bottom out at around 30 years — House prices per m² drop about 47% from new by age 30, 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¥500k¥1.0M¥1.5M05101520253035404550
Show data table
Building age (years)CondoHouse
0¥1.3M/m²¥480k/m²
1¥1.2M/m²¥460k/m²
2¥986k/m²¥481k/m²
3¥927k/m²¥467k/m²
4¥969k/m²¥463k/m²
5¥960k/m²¥450k/m²
6¥1.0M/m²¥450k/m²
7¥952k/m²¥432k/m²
8¥950k/m²¥420k/m²
9¥914k/m²¥411k/m²
10¥813k/m²¥400k/m²
11¥800k/m²¥390k/m²
12¥755k/m²¥378k/m²
13¥772k/m²¥385k/m²
14¥771k/m²¥379k/m²
15¥714k/m²¥356k/m²
16¥700k/m²¥347k/m²
17¥692k/m²¥350k/m²
18¥629k/m²¥342k/m²
19¥627k/m²¥322k/m²
20¥618k/m²¥315k/m²
21¥586k/m²¥306k/m²
22¥560k/m²¥295k/m²
23¥550k/m²¥298k/m²
24¥533k/m²¥299k/m²
25¥500k/m²¥282k/m²
26¥471k/m²¥284k/m²
27¥486k/m²¥263k/m²
28¥455k/m²¥258k/m²
29¥436k/m²¥244k/m²
30¥413k/m²¥261k/m²
31¥380k/m²¥245k/m²
32¥350k/m²¥239k/m²
33¥356k/m²¥229k/m²
34¥365k/m²¥233k/m²
35¥380k/m²¥230k/m²
36¥360k/m²¥230k/m²
37¥378k/m²¥238k/m²
38¥375k/m²¥231k/m²
39¥365k/m²¥236k/m²
40¥360k/m²¥233k/m²
41¥335k/m²¥224k/m²
42¥313k/m²¥219k/m²
43¥277k/m²¥207k/m²
44¥271k/m²¥219k/m²
45¥264k/m²¥211k/m²
46¥273k/m²¥221k/m²
47¥255k/m²¥229k/m²
48¥240k/m²¥233k/m²
49¥267k/m²¥231k/m²
50¥222k/m²¥233k/m²
Condo price per m² by construction periodNewer buildings are pulling ahead — Buildings from the 2000s gained about 3.3% a year over the decade, versus 2% for pre-1981 stock. The market here clearly rewards newer construction. Pre-1981 buildings, built before the current earthquake standard, trade about 40% below 1980s–90s buildings.
¥0¥500k¥1.0M¥1.5M20052008201120142017202020232026

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
2005¥217k/m²¥340k/m²¥529k/m²–
2006¥200k/m²¥338k/m²¥513k/m²–
2007¥218k/m²¥330k/m²¥527k/m²–
2008¥215k/m²¥333k/m²¥533k/m²–
2009¥190k/m²¥308k/m²¥483k/m²–
2010¥200k/m²¥320k/m²¥533k/m²–
2011¥214k/m²¥318k/m²¥500k/m²¥592k/m²
2012¥187k/m²¥306k/m²¥471k/m²¥567k/m²
2013¥200k/m²¥305k/m²¥471k/m²¥617k/m²
2014¥213k/m²¥313k/m²¥492k/m²¥631k/m²
2015¥217k/m²¥323k/m²¥514k/m²¥646k/m²
2016¥217k/m²¥333k/m²¥533k/m²¥707k/m²
2017¥214k/m²¥357k/m²¥542k/m²¥707k/m²
2018¥225k/m²¥352k/m²¥545k/m²¥708k/m²
2019¥218k/m²¥354k/m²¥557k/m²¥700k/m²
2020¥245k/m²¥353k/m²¥569k/m²¥754k/m²
2021¥232k/m²¥371k/m²¥600k/m²¥773k/m²
2022¥262k/m²¥400k/m²¥647k/m²¥892k/m²
2023¥283k/m²¥422k/m²¥667k/m²¥900k/m²
2024¥267k/m²¥424k/m²¥692k/m²¥969k/m²
2025¥260k/m²¥433k/m²¥700k/m²¥1.0M/m²
2026 (partial)¥255k/m²¥440k/m²¥747k/m²¥1.0M/m²
House price per m² by construction period
¥0¥200k¥400k¥600k20052008201120142017202020232026

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
2005¥292k/m²¥326k/m²¥442k/m²–
2006¥313k/m²¥336k/m²¥450k/m²–
2007¥300k/m²¥304k/m²¥436k/m²–
2008¥267k/m²¥278k/m²¥420k/m²–
2009¥233k/m²¥246k/m²¥390k/m²–
2010¥244k/m²¥246k/m²¥400k/m²¥410k/m²
2011¥231k/m²¥242k/m²¥365k/m²¥390k/m²
2012¥213k/m²¥235k/m²¥310k/m²¥389k/m²
2013¥222k/m²¥232k/m²¥320k/m²¥389k/m²
2014¥218k/m²¥232k/m²¥310k/m²¥390k/m²
2015¥209k/m²¥232k/m²¥314k/m²¥400k/m²
2016¥209k/m²¥236k/m²¥313k/m²¥411k/m²
2017¥213k/m²¥238k/m²¥320k/m²¥412k/m²
2018¥213k/m²¥231k/m²¥310k/m²¥420k/m²
2019¥210k/m²¥224k/m²¥300k/m²¥421k/m²
2020¥188k/m²¥224k/m²¥311k/m²¥411k/m²
2021¥211k/m²¥232k/m²¥322k/m²¥421k/m²
2022¥220k/m²¥261k/m²¥346k/m²¥420k/m²
2023¥227k/m²¥257k/m²¥347k/m²¥441k/m²
2024¥231k/m²¥250k/m²¥332k/m²¥440k/m²
2025¥231k/m²¥240k/m²¥344k/m²¥441k/m²
2026 (partial)¥180k/m²¥252k/m²¥321k/m²¥444k/m²

Prices by area in Kanagawa

Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).

AreaCondo price per m²Median used condo priceMedian house price (land + building)Residential land per m² (sales)Condo 5-yr change
Nishi Ward, Yokohama City¥1.1M/m²¥27.0M¥59.0M¥425k/m²+43.6%
Nakahara Ward, Kawasaki City¥1.0M/m²¥32.0M¥64.0M¥650k/m²+42.7%
Kawasaki Ward, Kawasaki City¥933k/m²¥29.0M¥55.0M¥470k/m²+51.4%
Naka Ward, Yokohama City¥929k/m²¥30.0M¥59.0M¥370k/m²+16.1%
Saiwai Ward, Kawasaki City¥912k/m²¥37.5M¥50.0M¥560k/m²+36.3%
Kanagawa Ward, Yokohama City¥800k/m²¥27.0M¥55.0M¥350k/m²+33.3%
Kohoku Ward, Yokohama City¥745k/m²¥34.0M¥63.0M¥380k/m²+32.3%
Takatsu Ward, Kawasaki City¥743k/m²¥35.0M¥57.0M¥430k/m²+31.8%
Tsuzuki Ward, Yokohama City¥688k/m²¥50.0M¥63.0M¥340k/m²+32.2%
Minami Ward, Yokohama City¥674k/m²¥24.0M¥41.0M¥320k/m²+31.0%
Aoba Ward, Yokohama City¥615k/m²¥40.0M¥64.0M¥350k/m²+23.1%
Fujisawa City¥585k/m²¥38.0M¥50.0M¥250k/m²+41.1%
Miyamae Ward, Kawasaki City¥569k/m²¥36.0M¥46.0M¥280k/m²+10.2%
Tsurumi Ward, Yokohama City¥560k/m²¥30.0M¥48.0M¥310k/m²+12.0%
Kamakura City¥533k/m²¥40.0M¥49.0M¥210k/m²+26.3%
Chigasaki City¥529k/m²¥36.0M¥43.0M¥210k/m²+39.4%
Tama Ward, Kawasaki City¥509k/m²¥29.0M¥53.0M¥360k/m²+37.9%
Zushi City¥508k/m²¥32.0M¥38.0M¥190k/m²+53.6%
Asao Ward, Kawasaki City¥473k/m²¥32.0M¥48.0M¥230k/m²+4.0%
Midori Ward, Yokohama City¥455k/m²¥28.0M¥53.0M¥240k/m²+23.1%
Totsuka Ward, Yokohama City¥436k/m²¥30.0M¥41.0M¥160k/m²+18.2%
Ebina City¥425k/m²¥28.0M¥37.0M¥220k/m²+29.3%
Isogo Ward, Yokohama City¥400k/m²¥23.5M¥45.5M¥240k/m²+20.0%
Seya Ward, Yokohama City¥387k/m²¥32.0M¥41.0M¥180k/m²+36.7%
Hayama Town, Miura County––¥49.5M¥195k/m²–
Yamato City¥382k/m²¥23.0M¥44.0M¥220k/m²+21.8%
Sakae Ward, Yokohama City¥375k/m²¥26.0M¥45.0M¥150k/m²+30.1%
Hodogaya Ward, Yokohama City¥370k/m²¥22.5M¥42.0M¥170k/m²+15.7%
Konan Ward, Yokohama City¥368k/m²¥23.0M¥44.5M¥210k/m²+13.2%
Izumi Ward, Yokohama City¥360k/m²¥22.5M¥42.0M¥220k/m²+17.0%
Kanazawa Ward, Yokohama City¥358k/m²¥27.0M¥42.0M¥180k/m²+21.6%
Hiratsuka City¥350k/m²¥21.0M¥31.5M¥130k/m²+21.2%
Ayase City––¥33.0M¥140k/m²–
Chuo Ward, Sagamihara City¥341k/m²¥21.0M¥36.0M¥170k/m²+40.6%
Midori Ward, Sagamihara City¥339k/m²¥18.5M¥31.0M¥98k/m²-15.2%
Odawara City¥337k/m²¥22.5M¥25.0M¥96k/m²+36.2%
Minami Ward, Sagamihara City¥333k/m²¥21.0M¥42.0M¥200k/m²+7.1%
Atsugi City¥307k/m²¥21.0M¥30.0M¥83k/m²+20.1%
Yokosuka City¥300k/m²¥18.0M¥24.0M¥120k/m²+16.9%
Asahi Ward, Yokohama City¥289k/m²¥18.0M¥42.0M¥180k/m²+8.3%
Zama City¥282k/m²¥18.0M¥36.0M¥160k/m²+12.8%
Oiso Town, Naka County––¥27.0M¥91k/m²–
Samukawa Town, Koza County––¥34.0M¥100k/m²–
Ninomiya Town, Naka County––¥23.0M––
Hakone Town, Ashigarashimo County––¥28.5M¥21k/m²–
Hadano City¥173k/m²¥12.0M¥21.0M¥74k/m²+29.6%
Isehara City¥167k/m²¥12.0M¥32.5M¥95k/m²+6.1%
Aikawa Town, Aiko County––¥17.0M¥49k/m²–
Minamiashigara City––¥17.0M¥53k/m²–
Miura City––¥12.5M¥68k/m²–
Yugawara Town, Ashigarashimo County––¥14.0M––

Prices near train stations in Kanagawa

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Kawasaki (川崎)¥28.0M¥933k/m²¥48.0M121401
Hon Atsugi (本厚木)¥19.0M¥300k/m²¥27.0M13956
Hiratsuka (平塚)¥20.0M¥350k/m²¥33.0M13928
Chigasaki (茅ケ崎)¥34.0M¥508k/m²¥40.0M16759
Totsuka (戸塚)¥27.0M¥369k/m²¥41.0M18731
Tsujido (辻堂)¥42.0M¥554k/m²¥51.0M16649
Tsurumi (鶴見)¥30.0M¥573k/m²¥47.0M13633
Higashi Totsuka (東戸塚)¥33.0M¥473k/m²¥40.0M19580
Hashimoto(Kanagawa) (橋本(神奈川))¥20.0M¥375k/m²¥31.0M13540
Odakyu Sagamihara (小田急相模原)¥14.0M¥267k/m²¥39.0M13487
Fujisawa (藤沢)¥41.0M¥660k/m²¥51.0M11480
Yokohama (横浜)¥35.5M¥941k/m²¥63.0M10467
Ebina (海老名)¥34.0M¥500k/m²¥38.0M15429
Tsunashima (綱島)¥39.0M¥680k/m²¥64.0M13422
Ofuna (大船)¥37.0M¥492k/m²¥46.0M15421

Used condo prices by layout in Kanagawa

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥35.0M70 m²9375
1K¥20.0M20 m²4006
2LDK¥29.5M55 m²3808
4LDK¥39.0M85 m²1146
1LDK¥31.0M45 m²920
2DK¥16.0M45 m²587
1DK¥22.0M25 m²453
3DK¥8.1M50 m²304

How much does an apartment cost in Kanagawa?

The median used condo (mansion) in Kanagawa sold for ¥29.0M in 2025, about ¥571k/m², based on 7642 recorded sales.

How much does a house cost in Kanagawa?

The median house sale, including the land, was ¥43.0M in 2025 across 8508 sales.

Are property prices in Kanagawa going up?

Over the five years to 2025, condo prices per m² changed +28.6% and residential land prices changed +12.5%.

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.