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

Hodogaya Ward, Yokohama City Housing Market Report 2025

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

Key figures for 2025

Median used condo price
¥22.5M
¥370k/m²
Median house price (land + building)
¥42.0M
+12.8% vs 2024
Residential land per m² (sales)
¥170k/m²
+6.2% over 5 years
Transactions in 2025
483
#28 of 51 areas in Kanagawa by price per m²

What the data says

Price growth is speeding up

Condo values per m² have risen about 5.2% a year over the past five years, faster than the 1.7% a year of the five years before. Buyers waiting for a dip have so far been paying more each year, and that has not yet changed.

Lagging Kanagawa

Per m², condos here are 29% below the Kanagawa average. Ten years ago the gap was 23%, so Hodogaya Ward, Yokohama City has been falling behind the rest of Kanagawa.

Being near a station is worth a lot

Condos within a 5-minute walk of a station sell for about 73% more per m² than those 11–15 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.

A family market

51% of recent condo sales have three or more bedrooms. Demand comes mainly from owner-occupier families, which tends to make prices steadier but rental yields lower.

Sales are thinning out

Transactions are down about 10% 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 condo sales last year were between ¥10.8M and ¥35.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 2% between 2020 and 2025 (−0.5% for the wider area). More people moved in than out in 2025, a net gain of about 5.2 per 1,000 residents, so demand for homes is being topped up by newcomers. Households still grew 0.4% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Few abandoned homes

10.3% of homes were empty in 2023 (9.8% for the wider area), and 2.6% were empty without being for rent, for sale or used as second homes. Most empty homes here are rentals between tenants, not abandoned houses, a sign of a healthy market.

Buying vs renting

A median used condo costs about 29.6 years of the area's median rent (¥63k a month), compared with 34.7 years for the wider area. That is a middle-of-the-road ratio for Japan. Rents here cover all rented homes, so treat this as a rough guide.

High earthquake risk

The government's seismic model gives a 67% chance of shaking of intensity 6-lower or stronger in the next 30 years (56% 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 rising fast

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +3% in the year to January 2026 and +13% over five years. They are still 47% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.

Some flood or landslide exposure

Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 25% are inside the worst-case flood 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 Hodogaya Ward, Yokohama City: people, homes and risks

Population 2025
203,604
-2.0% since 2020
Kanagawa: -0.5%
Net moves in 2025
+1,049
+5.15 per 1,000 residents
Kanagawa: +3.05
Vacant homes (2023)
10.3%
2.6% empty and not for rent or sale
Kanagawa: 9.8%
Median rent (2023)
¥63k
per month, all rented homes
Kanagawa: ¥70k
Strong earthquake risk
66.6%
chance of shaking of intensity 6-lower or more within 30 years
Kanagawa: 56.2%
Official land price 2026
¥206k/m²
+3.4% in a year · +12.9% in 5 years
Kanagawa: ¥198k/m²
Flood exposure
25.0%
of 32 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
Kanagawa: 25.9%
Tsunami exposure
3.1%
of 32 benchmark sites in a tsunami inundation zone
Kanagawa: 10.5%
Landslide exposure
0.0%
of 32 benchmark sites in a landslide warning area
Kanagawa: 2.4%

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 Hodogaya Ward, Yokohama 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

Lower-priced2026 Q1

¥8.0M

¥133k/m²

  • Karibacho
  • Hodogaya · 29 min walk
  • 3LDK · 60 m²
  • Built 1975 (51 yrs) · RC
Typical2026 Q1

¥21.0M

¥382k/m²

  • Nishikubocho
  • Hodogaya · 9 min walk
  • 2LDK · 55 m²
  • Built 1989 (37 yrs) · RC
Higher-priced2025 Q3

¥41.0M

¥586k/m²

  • Iwaicho
  • Hodogaya · 5 min walk
  • 3LDK · 70 m²
  • Built 2006 (19 yrs) · RC

House

Lower-priced2026 Q1

¥21.0M

¥247k/m²

  • Kamisugetacho
  • Nishiya · 7 min walk
  • Land 100 m² · floor 85 m²
  • Built 1997 (29 yrs) · Wood
Typical2025 Q4

¥43.0M

¥391k/m²

  • Kawashimacho
  • Nishiya · 13 min walk
  • Land 60 m² · floor 110 m²
  • Built 2025 (0 yrs) · Wood
Higher-priced2025 Q3

¥59.0M

¥694k/m²

  • Tennocho
  • Hoshikawa(Kanagawa) · 8 min walk
  • Land 45 m² · floor 85 m²
  • Built 2025 (0 yrs) · Wood
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥15.5M¥33.0M
2006¥16.0M¥36.0M
2007¥17.0M¥37.0M
2008¥18.0M¥37.0M
2009¥16.0M¥34.0M
2010¥19.0M¥38.0M
2011¥18.0M¥36.0M
2012¥14.0M¥34.0M
2013¥18.0M¥35.0M
2014¥16.0M¥35.5M
2015¥18.0M¥34.0M
2016¥19.0M¥36.0M
2017¥19.5M¥37.0M
2018¥17.0M¥35.0M
2019¥19.0M¥36.0M
2020¥20.0M¥34.0M
2021¥20.0M¥38.0M
2022¥22.0M¥39.5M
2023¥25.0M¥42.0M
2024¥25.0M¥40.0M
2025¥22.5M¥42.0M
2026 (partial)¥22.0M¥41.0M
Median price per m² by yearHouses and condos cost about the same per m² — A m² of house floor costs roughly the same as a m² of condo, even though the house includes its land. That usually means land here is expensive, so a house is not a cheap way to get more space.
¥0¥200k¥400k¥600k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥274k/m²¥321k/m²¥130k/m²
2006¥250k/m²¥358k/m²¥180k/m²
2007¥292k/m²¥378k/m²¥190k/m²
2008¥308k/m²¥376k/m²¥195k/m²
2009¥261k/m²¥352k/m²¥180k/m²
2010¥300k/m²¥368k/m²¥160k/m²
2011¥300k/m²¥360k/m²¥180k/m²
2012¥267k/m²¥333k/m²¥170k/m²
2013¥277k/m²¥356k/m²¥160k/m²
2014¥280k/m²¥358k/m²¥160k/m²
2015¥291k/m²¥350k/m²¥150k/m²
2016¥317k/m²¥368k/m²¥160k/m²
2017¥353k/m²¥380k/m²¥140k/m²
2018¥323k/m²¥333k/m²¥150k/m²
2019¥300k/m²¥350k/m²¥145k/m²
2020¥320k/m²¥333k/m²¥160k/m²
2021¥329k/m²¥400k/m²¥155k/m²
2022¥350k/m²¥400k/m²¥170k/m²
2023¥418k/m²¥382k/m²¥190k/m²
2024¥427k/m²¥390k/m²¥180k/m²
2025¥370k/m²¥440k/m²¥170k/m²
2026 (partial)¥400k/m²¥387k/m²¥220k/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 19 years old and half by around 19. After about 25 years the decline nearly stops, so a well-maintained older condo holds its price. That makes 25–35-year-old buildings with sound repair funds a value sweet spot.Houses bottom out at around 29 years — House prices per m² drop about 48% from new by age 29, 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¥1.0M05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥480k/m²
1–¥470k/m²
4¥840k/m²¥470k/m²
5¥776k/m²¥400k/m²
6¥950k/m²–
7¥808k/m²¥420k/m²
8¥697k/m²–
9¥720k/m²–
15–¥414k/m²
16–¥351k/m²
19¥358k/m²¥233k/m²
20¥400k/m²¥313k/m²
21¥400k/m²–
22¥538k/m²¥295k/m²
23¥500k/m²–
24¥345k/m²¥256k/m²
25¥386k/m²¥218k/m²
26¥338k/m²¥257k/m²
27¥475k/m²–
28¥358k/m²¥248k/m²
29¥350k/m²¥270k/m²
30¥371k/m²¥213k/m²
31¥333k/m²¥200k/m²
32¥308k/m²¥231k/m²
33¥313k/m²¥237k/m²
34¥308k/m²¥207k/m²
35¥250k/m²¥207k/m²
36¥333k/m²¥212k/m²
37¥277k/m²–
38¥380k/m²–
39¥350k/m²–
40¥385k/m²¥231k/m²
41¥420k/m²¥327k/m²
42–¥188k/m²
43¥317k/m²¥262k/m²
44¥225k/m²¥226k/m²
45¥200k/m²¥191k/m²
46¥250k/m²¥255k/m²
48–¥225k/m²
49¥217k/m²¥200k/m²
50¥131k/m²¥229k/m²
Condo price per m² by construction period
¥0¥500k¥1.0M20052008201120142017202020232026

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–¥280k/m²––
2006¥156k/m²¥262k/m²––
2007–¥278k/m²¥525k/m²–
2008¥198k/m²¥297k/m²––
2009–¥257k/m²¥367k/m²–
2010¥200k/m²¥282k/m²¥439k/m²–
2011¥158k/m²¥300k/m²¥373k/m²–
2012¥145k/m²¥267k/m²¥407k/m²–
2013¥183k/m²¥269k/m²¥365k/m²–
2014¥133k/m²¥287k/m²––
2015¥151k/m²¥277k/m²¥460k/m²–
2016–¥313k/m²¥357k/m²–
2017¥215k/m²¥364k/m²¥383k/m²–
2018¥190k/m²¥313k/m²––
2019¥206k/m²¥283k/m²––
2020¥209k/m²¥290k/m²¥454k/m²–
2021¥160k/m²¥323k/m²¥431k/m²–
2022¥270k/m²¥336k/m²––
2023¥260k/m²¥380k/m²–¥834k/m²
2024¥191k/m²¥376k/m²–¥778k/m²
2025¥173k/m²¥362k/m²–¥800k/m²
2026 (partial)–¥400k/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–¥273k/m²¥378k/m²–
2006–¥284k/m²¥400k/m²–
2007¥295k/m²¥279k/m²¥425k/m²–
2008–¥253k/m²¥426k/m²–
2009–¥230k/m²¥384k/m²–
2010–¥273k/m²¥400k/m²–
2011¥200k/m²¥251k/m²¥378k/m²¥390k/m²
2012–¥244k/m²–¥390k/m²
2013–¥225k/m²¥327k/m²¥389k/m²
2014–¥246k/m²–¥389k/m²
2015–¥249k/m²–¥379k/m²
2016–¥224k/m²–¥421k/m²
2017–¥209k/m²–¥421k/m²
2018¥211k/m²¥217k/m²–¥416k/m²
2019–¥219k/m²¥284k/m²¥413k/m²
2020¥192k/m²¥238k/m²¥300k/m²¥414k/m²
2021¥241k/m²¥214k/m²–¥432k/m²
2022–¥243k/m²––
2023¥218k/m²¥264k/m²––
2024¥247k/m²¥263k/m²¥330k/m²–
2025–¥200k/m²––
2026 (partial)–¥295k/m²––

Prices near train stations in Hodogaya Ward, Yokohama City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Hodogaya (保土ケ谷)¥20.0M¥357k/m²¥40.0M12299
Hoshikawa(Kanagawa) (星川(神奈川))¥43.0M¥600k/m²¥43.0M9154
Nishiya (西谷)¥18.0M¥340k/m²¥39.0M14146
Kami Hoshikawa (上星川)¥26.0M¥376k/m²¥41.0M11141
Wadamachi (和田町)¥22.5M¥400k/m²¥42.0M10133
Higashi Totsuka (東戸塚)¥29.0M¥390k/m²¥34.0M26117
Tennocho (天王町)¥30.0M¥727k/m²¥61.0M584
Mitsuzawa Kamicho (三ツ沢上町)¥19.0M¥391k/m²¥34.0M1466
Hazawa Yokohama Kokudai (羽沢横浜国大)––¥48.0M1128
Yokohama (横浜)––¥51.0M2413

Used condo prices by layout in Hodogaya Ward, Yokohama City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥28.0M70 m²223
2LDK¥27.0M55 m²115
1K¥9.7M20 m²62
4LDK¥43.0M95 m²26
2DK¥18.0M45 m²23
1LDK¥21.0M45 m²23
1R¥4.3M15 m²12

How much does an apartment cost in Hodogaya Ward, Yokohama City?

The median used condo (mansion) in Hodogaya Ward, Yokohama City sold for ¥22.5M in 2025, about ¥370k/m², based on 176 recorded sales.

How much does a house cost in Hodogaya Ward, Yokohama City?

The median house sale, including the land, was ¥42.0M in 2025 across 231 sales.

Are property prices in Hodogaya Ward, Yokohama City going up?

Over the five years to 2025, condo prices per m² changed +15.7% and residential land prices changed +6.3%.

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.