Minami 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
- ¥24.0M
- ¥674k/m² · -1.4% vs 2024
- Median house price (land + building)
- ¥41.0M
- Residential land per m² (sales)
- ¥320k/m²
- +60.0% over 5 years
- Transactions in 2025
- 677
- #10 of 51 areas in Kanagawa by price per m²
What the data says
Steady, predictable growth
Condo prices per m² have climbed about 6.7% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.
Outperforming Kanagawa
Per m², condos here are 21% above the Kanagawa average. The premium has grown from 0% ten years ago, so Minami Ward, Yokohama City has been outperforming its surroundings.
Being near a station is worth a lot
Condos within a 5-minute walk of a station sell for about 55% 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 market for singles and investors
51% of recent condo sales are studios or 1K/1DK units, typical of rental investment and single workers. Small units are easy to rent but sensitive to new supply. Families will find fewer options.
What a typical purchase costs
Half of all condo sales last year were between ¥16.8M and ¥31.0M. Listings outside that range are either unusual properties or worth a closer look.
A stable population
The population was roughly stable between 2020 and 2025 (−0.5% for the wider area). More people moved in than out in 2025, a net gain of about 4.3 per 1,000 residents, so demand for homes is being topped up by newcomers.
Few abandoned homes
10.7% of homes were empty in 2023 (9.8% for the wider area), and 2.2% 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 31.2 years of the area's median rent (¥64k a month), compared with 34.7 years for the wider area. Prices are high relative to rents, so rental yields are thin and buyers are paying for expected growth. Rents here cover all rented homes, so treat this as a rough guide.
High earthquake risk
The government's seismic model gives a 65% 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 edging up
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 +11% over five years. They are still 34% 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, 26% are inside the worst-case flood zone, 11% 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 Minami Ward, Yokohama City: people, homes and risks
- Population 2025
- 198,249
- +0.0% since 2020
- Kanagawa: -0.5%
- Net moves in 2025
- +861
- +4.34 per 1,000 residents
- Kanagawa: +3.05
- Vacant homes (2023)
- 10.7%
- 2.2% empty and not for rent or sale
- Kanagawa: 9.8%
- Median rent (2023)
- ¥64k
- per month, all rented homes
- Kanagawa: ¥70k
- Strong earthquake risk
- 65.4%
- chance of shaking of intensity 6-lower or more within 30 years
- Kanagawa: 56.2%
- Official land price 2026
- ¥230k/m²
- +2.8% in a year · +10.6% in 5 years
- Kanagawa: ¥198k/m²
- Flood exposure
- 25.9%
- of 27 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Kanagawa: 25.9%
- Tsunami exposure
- 11.1%
- of 27 benchmark sites in a tsunami inundation zone
- Kanagawa: 10.5%
- Landslide exposure
- 0.0%
- of 27 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 Minami 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
¥13.0M
¥200k/m²
- Mutsukawa
- Gumyoji(Keikyu) · 23 min walk
- 3LDK · 65 m²
- Built 1994 (31 yrs) · RC
¥25.0M
¥1.3M/m²
- Minamiota
- Minamiota · 3 min walk
- 1K · 20 m²
- Built 2020 (6 yrs) · RC
¥35.0M
¥778k/m²
- Eirakucho
- Isezaki Chojamachi · 5 min walk
- 1LDK · 45 m²
- Built 1992 (34 yrs) · SRC
House
¥20.0M
¥111k/m²
- Heiraku
- Bandobashi · 16 min walk
- Land 220 m² · floor 180 m²
- Built 1984 (42 yrs) · Wood
¥42.0M
¥467k/m²
- Heiraku
- Bandobashi · 18 min walk
- Land 130 m² · floor 90 m²
- Built 2015 (11 yrs) · Wood
¥72.0M
¥436k/m²
- Gumyojicho
- Gumyoji(Keikyu) · 8 min walk
- Land 125 m² · floor 165 m²
- Built 2006 (20 yrs) · Light steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥14.0M | ¥33.0M |
| 2006 | ¥13.0M | ¥35.5M |
| 2007 | ¥15.0M | ¥39.0M |
| 2008 | ¥18.0M | ¥38.0M |
| 2009 | ¥17.0M | ¥34.0M |
| 2010 | ¥18.0M | ¥34.0M |
| 2011 | ¥16.0M | ¥36.0M |
| 2012 | ¥14.0M | ¥34.0M |
| 2013 | ¥15.0M | ¥32.0M |
| 2014 | ¥15.5M | ¥34.0M |
| 2015 | ¥15.0M | ¥35.0M |
| 2016 | ¥15.0M | ¥36.0M |
| 2017 | ¥17.5M | ¥36.0M |
| 2018 | ¥16.0M | ¥38.0M |
| 2019 | ¥19.0M | ¥35.0M |
| 2020 | ¥21.0M | ¥37.0M |
| 2021 | ¥21.0M | ¥37.0M |
| 2022 | ¥20.0M | ¥40.0M |
| 2023 | ¥21.0M | ¥42.0M |
| 2024 | ¥23.0M | ¥37.0M |
| 2025 | ¥24.0M | ¥41.0M |
| 2026 (partial) | ¥23.0M | ¥46.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥325k/m² | ¥336k/m² | ¥190k/m² |
| 2006 | ¥327k/m² | ¥359k/m² | ¥180k/m² |
| 2007 | ¥340k/m² | ¥368k/m² | ¥230k/m² |
| 2008 | ¥356k/m² | ¥373k/m² | ¥240k/m² |
| 2009 | ¥367k/m² | ¥339k/m² | ¥195k/m² |
| 2010 | ¥381k/m² | ¥340k/m² | ¥190k/m² |
| 2011 | ¥333k/m² | ¥360k/m² | ¥220k/m² |
| 2012 | ¥300k/m² | ¥333k/m² | ¥210k/m² |
| 2013 | ¥320k/m² | ¥338k/m² | ¥180k/m² |
| 2014 | ¥376k/m² | ¥337k/m² | ¥190k/m² |
| 2015 | ¥362k/m² | ¥347k/m² | ¥200k/m² |
| 2016 | ¥400k/m² | ¥358k/m² | ¥175k/m² |
| 2017 | ¥487k/m² | ¥365k/m² | ¥180k/m² |
| 2018 | ¥452k/m² | ¥385k/m² | ¥180k/m² |
| 2019 | ¥467k/m² | ¥370k/m² | ¥195k/m² |
| 2020 | ¥514k/m² | ¥374k/m² | ¥200k/m² |
| 2021 | ¥540k/m² | ¥375k/m² | ¥195k/m² |
| 2022 | ¥543k/m² | ¥400k/m² | ¥210k/m² |
| 2023 | ¥574k/m² | ¥433k/m² | ¥265k/m² |
| 2024 | ¥683k/m² | ¥373k/m² | ¥255k/m² |
| 2025 | ¥674k/m² | ¥391k/m² | ¥320k/m² |
| 2026 (partial) | ¥660k/m² | ¥448k/m² | ¥270k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.2M/m² | ¥480k/m² |
| 1 | ¥1.2M/m² | ¥468k/m² |
| 2 | ¥1.1M/m² | – |
| 3 | ¥900k/m² | – |
| 4 | ¥1.1M/m² | – |
| 5 | ¥1.1M/m² | ¥421k/m² |
| 6 | ¥1.1M/m² | ¥469k/m² |
| 7 | ¥1.0M/m² | – |
| 8 | ¥1.0M/m² | – |
| 9 | ¥925k/m² | – |
| 10 | ¥761k/m² | – |
| 11 | ¥865k/m² | ¥422k/m² |
| 12 | ¥800k/m² | – |
| 13 | ¥760k/m² | ¥440k/m² |
| 14 | ¥900k/m² | – |
| 15 | ¥845k/m² | ¥328k/m² |
| 16 | ¥900k/m² | ¥383k/m² |
| 17 | ¥950k/m² | ¥328k/m² |
| 18 | ¥588k/m² | – |
| 19 | ¥643k/m² | – |
| 20 | ¥600k/m² | – |
| 21 | ¥571k/m² | – |
| 22 | ¥552k/m² | ¥318k/m² |
| 23 | ¥617k/m² | – |
| 24 | ¥508k/m² | – |
| 25 | ¥545k/m² | – |
| 26 | ¥505k/m² | – |
| 27 | ¥527k/m² | ¥332k/m² |
| 28 | ¥560k/m² | ¥296k/m² |
| 29 | ¥509k/m² | ¥286k/m² |
| 30 | ¥453k/m² | ¥360k/m² |
| 31 | ¥465k/m² | ¥334k/m² |
| 32 | ¥440k/m² | ¥307k/m² |
| 33 | ¥420k/m² | ¥300k/m² |
| 34 | ¥427k/m² | ¥240k/m² |
| 35 | ¥423k/m² | – |
| 36 | ¥367k/m² | ¥226k/m² |
| 37 | ¥370k/m² | ¥318k/m² |
| 38 | ¥400k/m² | ¥225k/m² |
| 39 | ¥336k/m² | – |
| 40 | ¥400k/m² | – |
| 41 | ¥320k/m² | – |
| 44 | – | ¥216k/m² |
| 45 | – | ¥194k/m² |
| 46 | – | ¥226k/m² |
| 48 | – | ¥237k/m² |
| 49 | ¥264k/m² | ¥273k/m² |
| 50 | ¥231k/m² | ¥212k/m² |
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
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2005 | – | ¥333k/m² | – | – |
| 2006 | – | ¥332k/m² | – | – |
| 2007 | – | ¥320k/m² | ¥491k/m² | – |
| 2008 | – | ¥340k/m² | ¥667k/m² | – |
| 2009 | – | ¥329k/m² | ¥614k/m² | – |
| 2010 | – | ¥336k/m² | ¥775k/m² | – |
| 2011 | – | ¥327k/m² | ¥460k/m² | – |
| 2012 | – | ¥300k/m² | ¥467k/m² | – |
| 2013 | – | ¥300k/m² | ¥433k/m² | ¥557k/m² |
| 2014 | – | ¥333k/m² | ¥462k/m² | ¥880k/m² |
| 2015 | – | ¥340k/m² | ¥510k/m² | – |
| 2016 | – | ¥375k/m² | ¥580k/m² | – |
| 2017 | – | ¥426k/m² | ¥550k/m² | ¥1.1M/m² |
| 2018 | – | ¥400k/m² | ¥583k/m² | ¥808k/m² |
| 2019 | ¥183k/m² | ¥400k/m² | ¥666k/m² | ¥800k/m² |
| 2020 | – | ¥382k/m² | ¥691k/m² | ¥950k/m² |
| 2021 | – | ¥433k/m² | ¥648k/m² | ¥950k/m² |
| 2022 | – | ¥424k/m² | ¥751k/m² | ¥950k/m² |
| 2023 | – | ¥467k/m² | ¥673k/m² | ¥950k/m² |
| 2024 | – | ¥455k/m² | ¥769k/m² | ¥1.0M/m² |
| 2025 | – | ¥486k/m² | ¥808k/m² | ¥1.1M/m² |
| 2026 (partial) | – | ¥467k/m² | – | ¥1.1M/m² |
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
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2005 | – | ¥293k/m² | ¥379k/m² | – |
| 2006 | – | ¥288k/m² | ¥400k/m² | – |
| 2007 | ¥257k/m² | ¥307k/m² | ¥447k/m² | – |
| 2008 | – | ¥293k/m² | ¥411k/m² | – |
| 2009 | – | ¥264k/m² | ¥400k/m² | – |
| 2010 | – | ¥267k/m² | ¥389k/m² | – |
| 2011 | – | ¥294k/m² | – | ¥395k/m² |
| 2012 | – | ¥240k/m² | – | ¥390k/m² |
| 2013 | ¥213k/m² | ¥245k/m² | – | ¥389k/m² |
| 2014 | – | ¥239k/m² | – | ¥400k/m² |
| 2015 | – | ¥239k/m² | – | ¥410k/m² |
| 2016 | ¥203k/m² | ¥240k/m² | – | ¥422k/m² |
| 2017 | ¥195k/m² | ¥238k/m² | – | ¥442k/m² |
| 2018 | – | ¥251k/m² | – | ¥425k/m² |
| 2019 | – | ¥221k/m² | – | ¥424k/m² |
| 2020 | – | ¥251k/m² | – | ¥418k/m² |
| 2021 | ¥145k/m² | ¥270k/m² | ¥305k/m² | ¥433k/m² |
| 2022 | – | ¥284k/m² | ¥370k/m² | – |
| 2023 | – | ¥288k/m² | – | – |
| 2024 | ¥215k/m² | ¥286k/m² | – | – |
| 2025 | ¥255k/m² | ¥305k/m² | – | – |
Prices near train stations in Minami Ward, Yokohama 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 |
|---|---|---|---|---|---|
| Bandobashi (阪東橋) | ¥23.0M | ¥880k/m² | ¥39.0M | 5 | 294 |
| Yoshinocho (吉野町) | ¥23.5M | ¥709k/m² | ¥51.0M | 4 | 263 |
| Gumyoji(Keikyu) (弘明寺(京急)) | ¥22.0M | ¥322k/m² | ¥41.0M | 15 | 246 |
| Idogaya (井土ケ谷) | ¥16.0M | ¥433k/m² | ¥35.0M | 8 | 166 |
| Maita(Kanagawa) (蒔田) | ¥23.0M | ¥512k/m² | ¥42.0M | 6 | 156 |
| Kamiooka (上大岡) | ¥37.0M | ¥583k/m² | ¥45.0M | 13 | 109 |
| Isezaki Chojamachi (伊勢佐木長者町) | ¥25.0M | ¥1.0M/m² | ¥41.0M | 6 | 99 |
| Minamiota (南太田) | ¥19.5M | ¥463k/m² | ¥38.5M | 6 | 98 |
| Gumyoji(YokohamaCitySubway) (弘明寺(横浜市営)) | ¥22.0M | ¥714k/m² | ¥43.0M | 6 | 94 |
| Koganecho (黄金町) | ¥22.0M | ¥600k/m² | ¥59.0M | 6 | 59 |
| Higashi Totsuka (東戸塚) | – | – | – | 28 | 15 |
| Ishikawacho (石川町) | ¥18.5M | ¥677k/m² | – | 13 | 13 |
| Hodogaya (保土ケ谷) | ¥5.8M | ¥96k/m² | – | 19 | 12 |
Used condo prices by layout in Minami Ward, Yokohama City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥21.0M | 20 m² | 431 |
| 3LDK | ¥35.0M | 65 m² | 235 |
| 2LDK | ¥29.0M | 55 m² | 118 |
| 1LDK | ¥29.0M | 35 m² | 45 |
| 1R | ¥7.4M | 15 m² | 36 |
| 2DK | ¥20.0M | 45 m² | 31 |
| 1DK | ¥18.0M | 25 m² | 30 |
| 4LDK | ¥34.0M | 85 m² | 15 |
How much does an apartment cost in Minami Ward, Yokohama City?
The median used condo (mansion) in Minami Ward, Yokohama City sold for ¥24.0M in 2025, about ¥674k/m², based on 360 recorded sales.
How much does a house cost in Minami Ward, Yokohama City?
The median house sale, including the land, was ¥41.0M in 2025 across 228 sales.
Are property prices in Minami Ward, Yokohama City going up?
Over the five years to 2025, condo prices per m² changed +31.0% and residential land prices changed +60.0%.
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.