Mie Housing Market 2025: Nagoya's Commuter Belt Facing Nankai Trough Risk
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥20.0M
- ¥257k/m²
- Median house price (land + building)
- ¥11.0M
- +0.5% vs 2024
- Residential land per m² (sales)
- ¥19k/m²
- +11.8% over 5 years
- Transactions in 2025
- 3,677
- #23 of 47 areas in Japan by price per m²
Kuwana is the bright spot
Mie's condo prices per m² accelerated to almost 5% a year over the last five years, but the gains are concentrated in the north: Kuwana, a short train ride from Nagoya, is up about 29% in five years. Yokkaichi and Tsu, the other large cities, are roughly flat. On the government's fixed benchmark sites, residential land has barely moved in five years.
People are leaving
Mie's population fell 4.3% between 2020 and 2025, and about 6,000 more people left than arrived in 2025. About 9.5% of homes are abandoned, well above the national 5.9%, especially in the south (Ise-Shima, Higashi-Kishu).
A house-and-family market
About 80% of condo sales are three-bedroom family homes, and a m² of house now costs only about a third of a m² of condo, down from 60% a decade ago, because houses in the south and in older suburbs sell close to land value.
Earthquake and tsunami risk
Mie is one of the most exposed prefectures to the expected Nankai Trough earthquake: the average resident faces a 63% chance of 6-lower shaking and a 28% chance of 6-upper shaking within 30 years. About 26% of benchmark sites are in tsunami inundation zones, from Ise Bay to the southern coast. For coastal property, check tsunami depth and evacuation routes, and prefer higher ground.
Living in Mie: people, homes and risks
- Population 2025
- 1,694,896
- -4.3% since 2020
- Japan: -2.5%
- Net moves in 2025
- -5,986
- -3.53 per 1,000 residents
- Vacant homes (2023)
- 16.3%
- 9.5% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥50k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 62.8%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Official land price 2026
- ¥38k/m²
- +0.4% in a year · +0.3% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 44.7%
- of 396 benchmark sites in a worst-case flood zone (4.0% 3 m or deeper)
- Japan: 42.6%
- Tsunami exposure
- 26.0%
- of 396 benchmark sites in a tsunami inundation zone
- Japan: 7.8%
- Landslide exposure
- 2.3%
- of 396 benchmark sites in a landslide warning area
- Japan: 2.6%
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 Mie
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
¥14.0M
¥175k/m²
- Nishimatsumotocho, Yokkaichi City
- Ise Matsumoto · 8 min walk
- 4LDK · 80 m²
- Built 1991 (35 yrs) · SRC
¥21.0M
¥233k/m²
- Nakamachi, Matsusaka City
- Matsusaka · 3 min walk
- 4LDK · 90 m²
- Built 2006 (20 yrs) · RC
¥33.0M
¥440k/m²
- Funae, Ise City
- Iseshi · 15 min walk
- 2LDK · 75 m²
- Built 2010 (15 yrs) · RC
House
¥3.0M
¥33k/m²
- Kawagechokageshige, Tsu City
- Shiratsuka · 13 min walk
- Land 190 m² · floor 90 m²
- Built 1979 (47 yrs) · Wood
¥12.0M
¥67k/m²
- Kitateramachi, Kuwana City
- Kuwana · 12 min walk
- Land 110 m² · floor 180 m²
- Built 1993 (33 yrs) · Steel
¥28.0M
¥47k/m²
- Ishindenhirano, Tsu City
- Higashi Ishinden · 1 min walk
- Land 940 m² · floor 600 m²
- Built 1995 (31 yrs) · Steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥18.0M | ¥17.0M |
| 2008 | ¥14.0M | ¥17.0M |
| 2009 | ¥13.0M | ¥14.0M |
| 2010 | ¥13.0M | ¥17.0M |
| 2011 | ¥13.0M | ¥16.0M |
| 2012 | ¥15.0M | ¥15.0M |
| 2013 | ¥14.0M | ¥16.0M |
| 2014 | ¥13.0M | ¥15.0M |
| 2015 | ¥15.0M | ¥15.0M |
| 2016 | ¥15.0M | ¥14.0M |
| 2017 | ¥15.0M | ¥13.0M |
| 2018 | ¥15.0M | ¥13.0M |
| 2019 | ¥15.0M | ¥13.0M |
| 2020 | ¥17.0M | ¥15.0M |
| 2021 | ¥18.0M | ¥14.0M |
| 2022 | ¥17.0M | ¥13.0M |
| 2023 | ¥17.0M | ¥12.0M |
| 2024 | ¥20.0M | ¥10.0M |
| 2025 | ¥20.0M | ¥11.0M |
| 2026 (partial) | ¥18.0M | ¥12.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥243k/m² | ¥133k/m² | ¥33k/m² |
| 2008 | ¥186k/m² | ¥131k/m² | ¥33k/m² |
| 2009 | ¥182k/m² | ¥118k/m² | ¥32k/m² |
| 2010 | ¥186k/m² | ¥130k/m² | ¥31k/m² |
| 2011 | ¥186k/m² | ¥115k/m² | ¥31k/m² |
| 2012 | ¥200k/m² | ¥118k/m² | ¥30k/m² |
| 2013 | ¥194k/m² | ¥119k/m² | ¥26k/m² |
| 2014 | ¥179k/m² | ¥108k/m² | ¥24k/m² |
| 2015 | ¥206k/m² | ¥114k/m² | ¥24k/m² |
| 2016 | ¥200k/m² | ¥105k/m² | ¥21k/m² |
| 2017 | ¥200k/m² | ¥97k/m² | ¥21k/m² |
| 2018 | ¥214k/m² | ¥97k/m² | ¥22k/m² |
| 2019 | ¥200k/m² | ¥100k/m² | ¥18k/m² |
| 2020 | ¥212k/m² | ¥107k/m² | ¥17k/m² |
| 2021 | ¥234k/m² | ¥100k/m² | ¥19k/m² |
| 2022 | ¥227k/m² | ¥93k/m² | ¥18k/m² |
| 2023 | ¥236k/m² | ¥97k/m² | ¥21k/m² |
| 2024 | ¥263k/m² | ¥85k/m² | ¥21k/m² |
| 2025 | ¥257k/m² | ¥85k/m² | ¥19k/m² |
| 2026 (partial) | ¥229k/m² | ¥84k/m² | ¥15k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥280k/m² |
| 1 | – | ¥275k/m² |
| 2 | – | ¥287k/m² |
| 3 | – | ¥242k/m² |
| 4 | – | ¥235k/m² |
| 5 | – | ¥242k/m² |
| 6 | – | ¥208k/m² |
| 7 | – | ¥226k/m² |
| 8 | – | ¥208k/m² |
| 9 | – | ¥195k/m² |
| 10 | – | ¥190k/m² |
| 11 | – | ¥186k/m² |
| 12 | ¥307k/m² | ¥168k/m² |
| 13 | ¥303k/m² | ¥160k/m² |
| 14 | ¥313k/m² | ¥161k/m² |
| 15 | ¥316k/m² | ¥152k/m² |
| 16 | ¥320k/m² | ¥151k/m² |
| 17 | ¥306k/m² | ¥154k/m² |
| 18 | ¥260k/m² | ¥138k/m² |
| 19 | ¥287k/m² | ¥143k/m² |
| 20 | ¥267k/m² | ¥118k/m² |
| 21 | ¥248k/m² | ¥121k/m² |
| 22 | ¥243k/m² | ¥114k/m² |
| 23 | ¥256k/m² | ¥111k/m² |
| 24 | ¥260k/m² | ¥99k/m² |
| 25 | ¥227k/m² | ¥87k/m² |
| 26 | ¥200k/m² | ¥89k/m² |
| 27 | ¥125k/m² | ¥73k/m² |
| 28 | ¥186k/m² | ¥75k/m² |
| 29 | ¥152k/m² | ¥73k/m² |
| 30 | ¥121k/m² | ¥72k/m² |
| 31 | ¥160k/m² | ¥77k/m² |
| 32 | ¥169k/m² | ¥70k/m² |
| 33 | ¥163k/m² | ¥62k/m² |
| 34 | ¥200k/m² | ¥71k/m² |
| 35 | ¥175k/m² | ¥60k/m² |
| 36 | – | ¥63k/m² |
| 37 | ¥60k/m² | ¥67k/m² |
| 38 | – | ¥57k/m² |
| 39 | – | ¥52k/m² |
| 40 | – | ¥52k/m² |
| 41 | – | ¥52k/m² |
| 42 | – | ¥50k/m² |
| 43 | – | ¥47k/m² |
| 44 | – | ¥42k/m² |
| 45 | – | ¥44k/m² |
| 46 | – | ¥41k/m² |
| 47 | – | ¥46k/m² |
| 48 | – | ¥40k/m² |
| 49 | – | ¥47k/m² |
| 50 | – | ¥37k/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 |
|---|---|---|
| 2007 | ¥169k/m² | ¥275k/m² |
| 2008 | ¥142k/m² | ¥263k/m² |
| 2009 | ¥135k/m² | ¥253k/m² |
| 2010 | ¥153k/m² | ¥235k/m² |
| 2011 | ¥133k/m² | ¥240k/m² |
| 2012 | ¥148k/m² | ¥247k/m² |
| 2013 | ¥138k/m² | ¥263k/m² |
| 2014 | ¥142k/m² | ¥275k/m² |
| 2015 | ¥137k/m² | ¥280k/m² |
| 2016 | ¥133k/m² | ¥273k/m² |
| 2017 | ¥170k/m² | ¥290k/m² |
| 2018 | ¥146k/m² | ¥280k/m² |
| 2019 | ¥158k/m² | ¥267k/m² |
| 2020 | ¥171k/m² | ¥267k/m² |
| 2021 | ¥150k/m² | ¥292k/m² |
| 2022 | ¥185k/m² | ¥306k/m² |
| 2023 | ¥200k/m² | ¥293k/m² |
| 2024 | ¥168k/m² | ¥285k/m² |
| 2025 | ¥200k/m² | ¥275k/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 |
|---|---|---|---|---|
| 2007 | ¥95k/m² | ¥111k/m² | ¥261k/m² | – |
| 2008 | ¥80k/m² | ¥111k/m² | ¥256k/m² | – |
| 2009 | ¥84k/m² | ¥96k/m² | ¥256k/m² | – |
| 2010 | ¥82k/m² | ¥104k/m² | ¥242k/m² | ¥278k/m² |
| 2011 | ¥72k/m² | ¥96k/m² | ¥173k/m² | ¥269k/m² |
| 2012 | ¥74k/m² | ¥93k/m² | ¥169k/m² | ¥260k/m² |
| 2013 | ¥67k/m² | ¥92k/m² | ¥154k/m² | ¥261k/m² |
| 2014 | ¥64k/m² | ¥85k/m² | ¥150k/m² | ¥252k/m² |
| 2015 | ¥54k/m² | ¥77k/m² | ¥146k/m² | ¥245k/m² |
| 2016 | ¥49k/m² | ¥78k/m² | ¥141k/m² | ¥264k/m² |
| 2017 | ¥50k/m² | ¥76k/m² | ¥140k/m² | ¥264k/m² |
| 2018 | ¥49k/m² | ¥73k/m² | ¥129k/m² | ¥260k/m² |
| 2019 | ¥50k/m² | ¥73k/m² | ¥143k/m² | ¥273k/m² |
| 2020 | ¥47k/m² | ¥70k/m² | ¥146k/m² | ¥261k/m² |
| 2021 | ¥45k/m² | ¥70k/m² | ¥145k/m² | ¥248k/m² |
| 2022 | ¥43k/m² | ¥71k/m² | ¥141k/m² | ¥214k/m² |
| 2023 | ¥44k/m² | ¥69k/m² | ¥141k/m² | ¥200k/m² |
| 2024 | ¥40k/m² | ¥67k/m² | ¥145k/m² | ¥200k/m² |
| 2025 | ¥40k/m² | ¥65k/m² | ¥131k/m² | ¥191k/m² |
| 2026 (partial) | ¥38k/m² | ¥68k/m² | ¥140k/m² | ¥240k/m² |
Prices by area in Mie
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Yokkaichi City | ¥262k/m² | ¥19.5M | ¥18.0M | ¥43k/m² | -2.5% |
| Kuwana City | ¥259k/m² | ¥18.0M | ¥17.0M | ¥53k/m² | +29.3% |
| Tsu City | ¥250k/m² | ¥20.0M | ¥13.0M | ¥21k/m² | +0.9% |
| Meiwa Town, Taki County | – | – | ¥27.0M | ¥10k/m² | – |
| Suzuka City | ¥156k/m² | ¥13.5M | ¥18.0M | ¥31k/m² | – |
| Komono Town, Mie County | – | – | ¥15.5M | ¥15k/m² | – |
| Toin Town, Inabe County | – | – | ¥14.0M | ¥40k/m² | – |
| Kameyama City | – | – | ¥14.0M | ¥16k/m² | – |
| Inabe City | – | – | ¥11.0M | ¥3k/m² | – |
| Matsusaka City | – | – | ¥9.2M | ¥18k/m² | – |
| Ise City | – | – | ¥6.5M | ¥30k/m² | – |
| Iga City | – | – | ¥6.7M | ¥2k/m² | – |
| Nabari City | – | – | ¥4.5M | ¥16k/m² | – |
| Owase City | – | – | ¥5.0M | – | – |
| Shima City | – | – | ¥5.3M | ¥4k/m² | – |
| Taki Town, Taki County | – | – | – | ¥1k/m² | – |
| Watarai Town, Watarai County | – | – | – | ¥1k/m² | – |
Prices near train stations in Mie
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 |
|---|---|---|---|---|---|
| Matsusaka (松阪) | ¥16.0M | ¥221k/m² | ¥9.5M | 19 | 308 |
| Kuwana (桑名) | ¥22.0M | ¥305k/m² | ¥27.5M | 13 | 203 |
| Shiroko (白子) | ¥13.5M | ¥200k/m² | ¥28.0M | 14 | 192 |
| Tsu Shimmachi (津新町) | ¥26.5M | ¥285k/m² | ¥10.0M | 15 | 147 |
| Nabari (名張) | – | – | ¥4.6M | 13 | 139 |
| Tsu (津) | ¥21.0M | ¥260k/m² | ¥21.0M | 16 | 129 |
| Ugata (鵜方) | – | – | ¥4.0M | 15 | 121 |
| Hisai (久居) | – | – | ¥15.0M | 16 | 109 |
| Iseshi (伊勢市) | ¥39.0M | ¥557k/m² | ¥9.0M | 10 | 105 |
| Kikyogaoka (桔梗が丘) | – | – | ¥6.5M | 16 | 100 |
| Takachaya (高茶屋) | – | – | ¥14.0M | 20 | 95 |
| Kintetsu Yokkaichi (近鉄四日市) | ¥24.0M | ¥306k/m² | ¥57.0M | 9 | 95 |
| Kameyama(Mie) (亀山(三重)) | – | – | ¥14.5M | 19 | 88 |
| Akogi (阿漕) | – | – | ¥10.5M | 18 | 87 |
| Hiratacho (平田町) | – | – | ¥17.0M | 12 | 86 |
Used condo prices by layout in Mie
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥20.0M | 70 m² | 207 |
| 4LDK | ¥20.0M | 85 m² | 88 |
| 2LDK | ¥15.0M | 67.5 m² | 54 |
How much does an apartment cost in Mie?
The median used condo (mansion) in Mie sold for ¥20.0M in 2025, about ¥257k/m², based on 153 recorded sales.
How much does a house cost in Mie?
The median house sale, including the land, was ¥11.0M in 2025 across 1673 sales.
Are property prices in Mie going up?
Over the five years to 2025, condo prices per m² changed +21.4% and residential land prices changed +11.8%.
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.