Naka Ward (Yokohama) Housing Market 2025: Kannai, Chinatown and the Bluff
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥30.0M
- ¥929k/m² · -2.3% vs 2024
- Median house price (land + building)
- ¥59.0M
- Residential land per m² (sales)
- ¥370k/m²
- +32.1% over 5 years
- Transactions in 2025
- 511
- #4 of 51 areas in Kanagawa by price per m²
Old Yokohama
Naka Ward covers Kannai, Chinatown, Motomachi, Yamashita Park and the Yamate Bluff. Condos cost about ¥0.93M per m² in 2025, second among Yokohama's 18 wards and about 1.7 times the Kanagawa average, up from 1.4 times ten years ago. The median condo sold for about ¥30M.
Growing
Population rose 2.2% between 2020 and 2025, second in the city, and households grew 6%. Prices per m² rose about 5.5% a year over the past five years, a little slower than before. Benchmark residential land rose only 3.6% in the past year.
A huge station premium
Condos within 5 minutes of a station sell for about 55% more per m² than those 11–15 minutes away. Hinodecho, Sakuragicho and Motomachi-Chukagai sell at about ¥1.1–1.2M per m². Yamate (station) and Negishi, often 10–13 minutes' walk from the station up the hill, sell at about ¥0.47–0.57M. Condos also lose value fast: half the price is gone by about 29 years old.
Empty homes
Naka has the highest vacancy rate of Yokohama's wards, and about 5.5% of homes are long-term empty. Half of condo sales are studios.
Yields and risks
A median condo costs about 31 years of median rent, better than the Kanagawa average. More than half of benchmark sites are in a tsunami zone, around the harbour. Earthquake probability is high (about 65% for 6-lower in 30 years). The Kannai area is part of the Central Yokohama and Waterfront renewal area, with the old city hall site being rebuilt.
Living in Naka Ward, Yokohama City: people, homes and risks
- Population 2025
- 154,665
- +2.2% since 2020
- Kanagawa: -0.5%
- Net moves in 2025
- +735
- +4.75 per 1,000 residents
- Kanagawa: +3.05
- Vacant homes (2023)
- 11.7%
- 5.5% empty and not for rent or sale
- Kanagawa: 9.8%
- Median rent (2023)
- ¥81k
- per month, all rented homes
- Kanagawa: ¥70k
- Strong earthquake risk
- 65.0%
- chance of shaking of intensity 6-lower or more within 30 years
- Kanagawa: 56.2%
- Official land price 2026
- ¥359k/m²
- +3.6% in a year · +14.1% in 5 years
- Kanagawa: ¥198k/m²
- Flood exposure
- 20.5%
- of 39 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Kanagawa: 25.9%
- Tsunami exposure
- 56.4%
- of 39 benchmark sites in a tsunami inundation zone
- Kanagawa: 10.5%
- Landslide exposure
- 0.0%
- of 39 benchmark sites in a landslide warning area
- Kanagawa: 2.4%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Central Yokohama and Waterfront (Yokohama Station, Minato Mirai, Kannai) · 524 ha · designated 2002 · Specified zone (highest priority)
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 Naka 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
¥20.0M
¥1.0M/m²
- Ogicho
- Kannai · 6 min walk
- 1K · 20 m²
- Built 2008 (18 yrs) · RC
¥30.0M
¥600k/m²
- Hanabusacho
- Koganecho · 4 min walk
- 3LDK · 50 m²
- Built 2003 (23 yrs) · RC
¥58.0M
¥829k/m²
- Uchikoshi
- Ishikawacho · 15 min walk
- 3LDK · 70 m²
- Built 2000 (25 yrs) · RC
House
¥32.0M
¥582k/m²
- Yamamotocho
- Yamate · 14 min walk
- Land 70 m² · floor 55 m²
- Built 2021 (4 yrs) · Wood
¥59.0M
¥656k/m²
- Uenocho
- Yamate · 10 min walk
- Land 50 m² · floor 90 m²
- Built 2025 (0 yrs) · Wood
¥130M
¥542k/m²
- Yamashitacho
- Motomachi Chukagai · 4 min walk
- Land 75 m² · floor 240 m²
- Built 1998 (27 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥18.5M | ¥50.0M |
| 2006 | ¥20.0M | ¥54.5M |
| 2007 | ¥22.0M | ¥58.0M |
| 2008 | ¥22.0M | ¥45.0M |
| 2009 | ¥23.0M | ¥43.0M |
| 2010 | ¥22.0M | ¥49.0M |
| 2011 | ¥22.0M | ¥44.0M |
| 2012 | ¥24.0M | ¥50.0M |
| 2013 | ¥24.0M | ¥42.0M |
| 2014 | ¥22.0M | ¥46.0M |
| 2015 | ¥25.0M | ¥45.0M |
| 2016 | ¥22.0M | ¥47.0M |
| 2017 | ¥23.0M | ¥49.0M |
| 2018 | ¥24.0M | ¥44.0M |
| 2019 | ¥24.0M | ¥42.0M |
| 2020 | ¥26.0M | ¥47.5M |
| 2021 | ¥27.0M | ¥45.5M |
| 2022 | ¥26.5M | ¥55.0M |
| 2023 | ¥28.0M | ¥64.0M |
| 2024 | ¥29.0M | ¥42.5M |
| 2025 | ¥30.0M | ¥59.0M |
| 2026 (partial) | ¥31.0M | ¥57.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥377k/m² | ¥344k/m² | ¥315k/m² |
| 2006 | ¥386k/m² | ¥368k/m² | ¥325k/m² |
| 2007 | ¥433k/m² | ¥495k/m² | ¥330k/m² |
| 2008 | ¥493k/m² | ¥417k/m² | ¥315k/m² |
| 2009 | ¥446k/m² | ¥400k/m² | ¥310k/m² |
| 2010 | ¥585k/m² | ¥417k/m² | ¥250k/m² |
| 2011 | ¥514k/m² | ¥410k/m² | ¥335k/m² |
| 2012 | ¥467k/m² | ¥375k/m² | ¥280k/m² |
| 2013 | ¥456k/m² | ¥400k/m² | ¥290k/m² |
| 2014 | ¥488k/m² | ¥379k/m² | ¥280k/m² |
| 2015 | ¥545k/m² | ¥360k/m² | ¥280k/m² |
| 2016 | ¥563k/m² | ¥446k/m² | ¥300k/m² |
| 2017 | ¥650k/m² | ¥428k/m² | ¥305k/m² |
| 2018 | ¥656k/m² | ¥440k/m² | ¥340k/m² |
| 2019 | ¥636k/m² | ¥430k/m² | ¥310k/m² |
| 2020 | ¥800k/m² | ¥420k/m² | ¥280k/m² |
| 2021 | ¥680k/m² | ¥437k/m² | ¥290k/m² |
| 2022 | ¥820k/m² | ¥471k/m² | ¥350k/m² |
| 2023 | ¥873k/m² | ¥444k/m² | ¥320k/m² |
| 2024 | ¥950k/m² | ¥415k/m² | ¥320k/m² |
| 2025 | ¥929k/m² | ¥500k/m² | ¥370k/m² |
| 2026 (partial) | ¥1.0M/m² | ¥600k/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.6M/m² | ¥545k/m² |
| 1 | ¥1.3M/m² | ¥513k/m² |
| 2 | ¥1.3M/m² | – |
| 3 | ¥1.2M/m² | – |
| 4 | ¥1.2M/m² | – |
| 5 | ¥1.2M/m² | – |
| 6 | ¥1.1M/m² | – |
| 7 | ¥1.0M/m² | – |
| 8 | ¥1.1M/m² | – |
| 9 | ¥1.0M/m² | – |
| 10 | ¥1.0M/m² | – |
| 11 | ¥1.2M/m² | – |
| 12 | ¥1.1M/m² | – |
| 13 | ¥890k/m² | – |
| 14 | ¥960k/m² | – |
| 15 | ¥800k/m² | – |
| 16 | ¥920k/m² | – |
| 17 | ¥1.0M/m² | – |
| 18 | ¥950k/m² | – |
| 19 | ¥910k/m² | – |
| 20 | ¥956k/m² | – |
| 21 | ¥914k/m² | – |
| 22 | ¥964k/m² | – |
| 23 | ¥880k/m² | – |
| 24 | ¥776k/m² | – |
| 25 | ¥790k/m² | – |
| 26 | ¥660k/m² | – |
| 27 | ¥611k/m² | – |
| 28 | ¥733k/m² | – |
| 29 | ¥482k/m² | – |
| 30 | ¥533k/m² | ¥304k/m² |
| 31 | ¥527k/m² | ¥279k/m² |
| 32 | ¥487k/m² | ¥450k/m² |
| 33 | ¥455k/m² | – |
| 34 | ¥474k/m² | ¥380k/m² |
| 35 | ¥463k/m² | ¥293k/m² |
| 36 | ¥538k/m² | – |
| 37 | ¥470k/m² | ¥333k/m² |
| 38 | ¥600k/m² | ¥337k/m² |
| 39 | ¥450k/m² | – |
| 40 | ¥545k/m² | – |
| 41 | ¥450k/m² | – |
| 42 | ¥445k/m² | – |
| 43 | ¥542k/m² | – |
| 44 | – | ¥327k/m² |
| 50 | ¥400k/m² | ¥272k/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 | – | ¥335k/m² | ¥600k/m² | – |
| 2006 | ¥267k/m² | ¥382k/m² | ¥575k/m² | – |
| 2007 | – | ¥373k/m² | ¥704k/m² | – |
| 2008 | – | ¥400k/m² | ¥736k/m² | – |
| 2009 | ¥224k/m² | ¥370k/m² | ¥600k/m² | – |
| 2010 | – | ¥371k/m² | ¥920k/m² | – |
| 2011 | – | ¥365k/m² | ¥807k/m² | – |
| 2012 | ¥243k/m² | ¥360k/m² | ¥620k/m² | – |
| 2013 | ¥240k/m² | ¥366k/m² | ¥581k/m² | ¥745k/m² |
| 2014 | – | ¥387k/m² | ¥631k/m² | ¥900k/m² |
| 2015 | ¥300k/m² | ¥418k/m² | ¥720k/m² | ¥745k/m² |
| 2016 | – | ¥443k/m² | ¥667k/m² | ¥1.0M/m² |
| 2017 | ¥372k/m² | ¥464k/m² | ¥829k/m² | ¥944k/m² |
| 2018 | – | ¥500k/m² | ¥842k/m² | ¥1.0M/m² |
| 2019 | – | ¥500k/m² | ¥837k/m² | ¥967k/m² |
| 2020 | – | ¥474k/m² | ¥840k/m² | ¥1.1M/m² |
| 2021 | – | ¥480k/m² | ¥827k/m² | ¥933k/m² |
| 2022 | – | ¥541k/m² | ¥883k/m² | ¥1.1M/m² |
| 2023 | – | ¥559k/m² | ¥924k/m² | ¥1.1M/m² |
| 2024 | – | ¥560k/m² | ¥1.1M/m² | ¥1.1M/m² |
| 2025 | – | ¥560k/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2026 (partial) | – | ¥660k/m² | ¥1.0M/m² | ¥1.3M/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 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|
| 2006 | ¥312k/m² | ¥476k/m² | – |
| 2007 | ¥427k/m² | ¥537k/m² | – |
| 2008 | ¥357k/m² | ¥490k/m² | – |
| 2009 | ¥300k/m² | ¥440k/m² | – |
| 2010 | ¥299k/m² | ¥500k/m² | – |
| 2011 | ¥315k/m² | – | ¥456k/m² |
| 2012 | ¥345k/m² | – | ¥491k/m² |
| 2013 | ¥299k/m² | – | ¥430k/m² |
| 2014 | ¥280k/m² | ¥434k/m² | ¥480k/m² |
| 2015 | ¥312k/m² | – | ¥532k/m² |
| 2016 | ¥325k/m² | – | ¥513k/m² |
| 2017 | ¥316k/m² | – | ¥492k/m² |
| 2018 | ¥366k/m² | – | ¥495k/m² |
| 2019 | ¥370k/m² | – | ¥486k/m² |
| 2020 | ¥369k/m² | – | ¥467k/m² |
| 2021 | ¥320k/m² | – | – |
| 2022 | ¥380k/m² | – | – |
| 2023 | ¥271k/m² | – | – |
| 2024 | ¥335k/m² | – | – |
| 2025 | ¥475k/m² | – | – |
Prices near train stations in Naka 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 |
|---|---|---|---|---|---|
| Yamate (山手) | ¥37.0M | ¥571k/m² | ¥48.0M | 13 | 258 |
| Ishikawacho (石川町) | ¥26.0M | ¥840k/m² | ¥46.0M | 6 | 206 |
| Motomachi Chukagai (元町・中華街) | ¥52.0M | ¥1.1M/m² | ¥78.0M | 4 | 174 |
| Isezaki Chojamachi (伊勢佐木長者町) | ¥27.0M | ¥900k/m² | – | 3 | 165 |
| Kannai (関内) | ¥31.5M | ¥1.0M/m² | ¥230M | 5 | 160 |
| Hinodecho (日ノ出町) | ¥28.0M | ¥1.2M/m² | – | 4 | 119 |
| Koganecho (黄金町) | ¥25.5M | ¥772k/m² | ¥60.0M | 4 | 107 |
| Negishi(Kanagawa) (根岸(神奈川)) | ¥31.0M | ¥467k/m² | ¥45.0M | 10 | 94 |
| Sakuragicho (桜木町) | ¥28.0M | ¥1.2M/m² | – | 5 | 85 |
| Bandobashi (阪東橋) | ¥25.0M | ¥677k/m² | – | 2 | 68 |
| Nihon Odori (日本大通り) | ¥28.0M | ¥1.2M/m² | – | 4 | 52 |
| Bashamichi (馬車道) | ¥56.5M | ¥1.2M/m² | – | 3 | 35 |
Used condo prices by layout in Naka Ward, Yokohama City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥23.0M | 20 m² | 471 |
| 3LDK | ¥50.0M | 70 m² | 208 |
| 2LDK | ¥47.5M | 55 m² | 174 |
| 1LDK | ¥38.0M | 40 m² | 101 |
| 1DK | ¥27.0M | 30 m² | 77 |
| 1R | ¥9.8M | 20 m² | 23 |
| Open floor | ¥45.5M | 77.5 m² | 22 |
| 2DK | ¥35.5M | 57.5 m² | 22 |
How much does an apartment cost in Naka Ward, Yokohama City?
The median used condo (mansion) in Naka Ward, Yokohama City sold for ¥30.0M in 2025, about ¥929k/m², based on 373 recorded sales.
How much does a house cost in Naka Ward, Yokohama City?
The median house sale, including the land, was ¥59.0M in 2025 across 98 sales.
Are property prices in Naka Ward, Yokohama City going up?
Over the five years to 2025, condo prices per m² changed +16.1% and residential land prices changed +32.1%.
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.