Miyazaki Housing Market 2025: Land Near Its Bubble Peak, Prices Flat
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥17.0M
- ¥223k/m²
- Median house price (land + building)
- ¥15.0M
- +18.2% vs 2024
- Residential land per m² (sales)
- ¥24k/m²
- +20.0% over 5 years
- Transactions in 2025
- 1,769
- #37 of 47 areas in Japan by price per m²
Land barely below 1991
On the government's fixed benchmark sites, Miyazaki's residential land is only 8% below its 1991 level, the third-closest to its bubble-era value after Okinawa and Fukuoka. That is not because of recent growth: land has been flat for ten years. Miyazaki simply never had much of a bubble.
Flat condos, rising houses
Condo prices per m² have barely grown over the last five years, and Miyazaki City's are about 5% lower. Houses tell a different story: the median house price rose 25% between 2023 and 2025, and the price per m² about 16%, partly from newer houses selling and partly from rising building costs.
A retirement and relocation destination
Miyazaki's mild climate and low cost of living attract retirees and people relocating from big cities, but the population still fell 4.7% between 2020 and 2025. 9.9% of homes are abandoned.
Hazards
Miyazaki faces a 34% chance of 6-lower shaking within 30 years. The August 2024 Hyuga-nada earthquake triggered the first Nankai Trough "megaquake advisory". About 23% of benchmark sites are in tsunami inundation zones along the Pacific coast.
Living in Miyazaki: people, homes and risks
- Population 2025
- 1,018,904
- -4.7% since 2020
- Japan: -2.5%
- Net moves in 2025
- -3,024
- -2.97 per 1,000 residents
- Vacant homes (2023)
- 16.3%
- 9.9% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥43k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 34.0%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Official land price 2026
- ¥25k/m²
- +0.6% in a year · +0.8% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 43.8%
- of 217 benchmark sites in a worst-case flood zone (9.2% 3 m or deeper)
- Japan: 42.6%
- Tsunami exposure
- 23.0%
- of 217 benchmark sites in a tsunami inundation zone
- Japan: 7.8%
- Landslide exposure
- 2.3%
- of 217 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 Miyazaki
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
¥7.5M
¥167k/m²
- Oaza Akae, Miyazaki City
- Miyazaki Airport
- 1DK · 45 m²
- Built 1991 (35 yrs) · RC
¥16.0M
¥168k/m²
- Jogasaki, Miyazaki City
- Minami Miyazaki · 16 min walk
- 3LDK · 95 m²
- Built 2002 (23 yrs) · RC
¥28.0M
¥311k/m²
- Saiwaimachi, Nobeoka City
- Nobeoka · 4 min walk
- 4LDK · 90 m²
- Built 2014 (12 yrs) · RC
House
¥5.0M
¥31k/m²
- Nakamuranishi, Miyazaki City
- Minami Miyazaki · 11 min walk
- Land 60 m² · floor 160 m²
- Built 1978 (48 yrs) · Steel
¥15.0M
¥130k/m²
- Kiyotakechokano, Miyazaki City
- Kano(Miyazaki) · 11 min walk
- Land 250 m² · floor 115 m²
- Built 1989 (37 yrs) · Wood
¥29.0M
¥252k/m²
- Gakuenkibanadaiminami, Miyazaki City
- Kibana · 24 min walk
- Land 590 m² · floor 115 m²
- Built 1995 (31 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥10.0M | ¥13.0M |
| 2008 | ¥9.6M | ¥13.0M |
| 2009 | ¥9.5M | ¥12.0M |
| 2010 | ¥13.0M | ¥13.0M |
| 2011 | ¥13.0M | ¥13.0M |
| 2012 | ¥12.0M | ¥12.0M |
| 2013 | ¥11.0M | ¥14.0M |
| 2014 | ¥14.0M | ¥12.0M |
| 2015 | ¥14.0M | ¥14.0M |
| 2016 | ¥14.0M | ¥14.0M |
| 2017 | ¥13.0M | ¥13.0M |
| 2018 | ¥15.0M | ¥15.0M |
| 2019 | ¥16.0M | ¥14.0M |
| 2020 | ¥16.0M | ¥14.0M |
| 2021 | ¥16.0M | ¥14.0M |
| 2022 | ¥17.0M | ¥13.0M |
| 2023 | ¥18.0M | ¥12.0M |
| 2024 | ¥17.0M | ¥13.0M |
| 2025 | ¥17.0M | ¥15.0M |
| 2026 (partial) | ¥13.0M | ¥13.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥146k/m² | ¥114k/m² | ¥24k/m² |
| 2008 | ¥150k/m² | ¥100k/m² | ¥21k/m² |
| 2009 | ¥143k/m² | ¥92k/m² | ¥21k/m² |
| 2010 | ¥165k/m² | ¥105k/m² | ¥21k/m² |
| 2011 | ¥185k/m² | ¥97k/m² | ¥21k/m² |
| 2012 | ¥171k/m² | ¥98k/m² | ¥21k/m² |
| 2013 | ¥158k/m² | ¥111k/m² | ¥20k/m² |
| 2014 | ¥200k/m² | ¥103k/m² | ¥21k/m² |
| 2015 | ¥187k/m² | ¥109k/m² | ¥21k/m² |
| 2016 | ¥187k/m² | ¥103k/m² | ¥19k/m² |
| 2017 | ¥173k/m² | ¥108k/m² | ¥20k/m² |
| 2018 | ¥200k/m² | ¥108k/m² | ¥20k/m² |
| 2019 | ¥200k/m² | ¥105k/m² | ¥20k/m² |
| 2020 | ¥224k/m² | ¥103k/m² | ¥20k/m² |
| 2021 | ¥213k/m² | ¥109k/m² | ¥20k/m² |
| 2022 | ¥229k/m² | ¥110k/m² | ¥21k/m² |
| 2023 | ¥253k/m² | ¥96k/m² | ¥22k/m² |
| 2024 | ¥218k/m² | ¥95k/m² | ¥24k/m² |
| 2025 | ¥223k/m² | ¥112k/m² | ¥24k/m² |
| 2026 (partial) | ¥200k/m² | ¥108k/m² | ¥23k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥267k/m² |
| 1 | – | ¥269k/m² |
| 2 | – | ¥260k/m² |
| 3 | – | ¥212k/m² |
| 4 | – | ¥233k/m² |
| 5 | – | ¥216k/m² |
| 6 | ¥386k/m² | ¥235k/m² |
| 7 | – | ¥218k/m² |
| 8 | ¥339k/m² | ¥175k/m² |
| 9 | – | ¥206k/m² |
| 10 | – | ¥202k/m² |
| 11 | ¥277k/m² | ¥191k/m² |
| 12 | – | ¥152k/m² |
| 13 | – | ¥139k/m² |
| 14 | ¥300k/m² | ¥141k/m² |
| 15 | – | ¥153k/m² |
| 16 | ¥297k/m² | ¥122k/m² |
| 17 | – | ¥148k/m² |
| 18 | – | ¥113k/m² |
| 19 | ¥271k/m² | ¥133k/m² |
| 20 | – | ¥127k/m² |
| 21 | – | ¥118k/m² |
| 22 | ¥229k/m² | ¥122k/m² |
| 23 | ¥255k/m² | ¥132k/m² |
| 24 | ¥207k/m² | ¥98k/m² |
| 25 | ¥227k/m² | ¥105k/m² |
| 26 | ¥229k/m² | ¥90k/m² |
| 27 | ¥180k/m² | ¥83k/m² |
| 28 | – | ¥100k/m² |
| 29 | ¥207k/m² | ¥90k/m² |
| 30 | ¥135k/m² | ¥92k/m² |
| 31 | ¥123k/m² | ¥76k/m² |
| 32 | ¥145k/m² | ¥92k/m² |
| 33 | ¥107k/m² | ¥81k/m² |
| 34 | ¥116k/m² | ¥75k/m² |
| 35 | ¥108k/m² | ¥78k/m² |
| 36 | – | ¥87k/m² |
| 37 | – | ¥64k/m² |
| 38 | – | ¥69k/m² |
| 39 | – | ¥68k/m² |
| 40 | – | ¥65k/m² |
| 41 | – | ¥72k/m² |
| 42 | – | ¥54k/m² |
| 43 | – | ¥59k/m² |
| 44 | – | ¥56k/m² |
| 45 | – | ¥76k/m² |
| 46 | – | ¥57k/m² |
| 47 | – | ¥58k/m² |
| 48 | – | ¥48k/m² |
| 49 | – | ¥64k/m² |
| 50 | – | ¥55k/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 |
|---|---|---|---|
| 2007 | ¥140k/m² | – | – |
| 2008 | ¥138k/m² | – | – |
| 2009 | ¥139k/m² | – | – |
| 2010 | ¥153k/m² | ¥235k/m² | – |
| 2011 | ¥168k/m² | ¥246k/m² | – |
| 2012 | ¥126k/m² | ¥247k/m² | – |
| 2013 | ¥133k/m² | – | – |
| 2014 | ¥163k/m² | ¥240k/m² | – |
| 2015 | ¥140k/m² | ¥215k/m² | – |
| 2016 | ¥150k/m² | ¥243k/m² | – |
| 2017 | ¥103k/m² | ¥243k/m² | – |
| 2018 | ¥143k/m² | ¥244k/m² | – |
| 2019 | ¥169k/m² | ¥232k/m² | – |
| 2020 | ¥173k/m² | – | – |
| 2021 | ¥187k/m² | – | – |
| 2022 | ¥171k/m² | ¥290k/m² | ¥386k/m² |
| 2023 | ¥167k/m² | ¥257k/m² | – |
| 2024 | ¥157k/m² | – | – |
| 2025 | ¥153k/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 | ¥81k/m² | ¥104k/m² | ¥189k/m² | – |
| 2008 | ¥81k/m² | ¥89k/m² | ¥200k/m² | – |
| 2009 | ¥78k/m² | ¥89k/m² | ¥180k/m² | – |
| 2010 | ¥77k/m² | ¥96k/m² | ¥188k/m² | – |
| 2011 | ¥67k/m² | ¥96k/m² | ¥135k/m² | ¥221k/m² |
| 2012 | ¥70k/m² | ¥84k/m² | ¥143k/m² | ¥210k/m² |
| 2013 | ¥79k/m² | ¥98k/m² | ¥136k/m² | ¥212k/m² |
| 2014 | ¥73k/m² | ¥90k/m² | ¥127k/m² | ¥208k/m² |
| 2015 | ¥67k/m² | ¥96k/m² | ¥142k/m² | ¥216k/m² |
| 2016 | ¥64k/m² | ¥94k/m² | ¥136k/m² | ¥211k/m² |
| 2017 | ¥70k/m² | ¥89k/m² | ¥136k/m² | ¥218k/m² |
| 2018 | ¥66k/m² | ¥90k/m² | ¥131k/m² | ¥224k/m² |
| 2019 | ¥70k/m² | ¥82k/m² | ¥133k/m² | ¥222k/m² |
| 2020 | ¥68k/m² | ¥88k/m² | ¥130k/m² | ¥226k/m² |
| 2021 | ¥65k/m² | ¥85k/m² | ¥117k/m² | ¥224k/m² |
| 2022 | ¥56k/m² | ¥90k/m² | ¥133k/m² | ¥200k/m² |
| 2023 | ¥59k/m² | ¥82k/m² | ¥126k/m² | ¥188k/m² |
| 2024 | ¥59k/m² | ¥76k/m² | ¥133k/m² | ¥216k/m² |
| 2025 | ¥68k/m² | ¥79k/m² | ¥128k/m² | ¥200k/m² |
| 2026 (partial) | ¥63k/m² | ¥85k/m² | ¥107k/m² | – |
Prices by area in Miyazaki
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 |
|---|---|---|---|---|---|
| Miyazaki City | ¥215k/m² | ¥16.0M | ¥22.0M | ¥58k/m² | -5.4% |
| Hyuga City | – | – | ¥17.0M | ¥18k/m² | – |
| Nobeoka City | – | – | ¥13.5M | ¥40k/m² | – |
| Miyakonojo City | – | – | ¥13.0M | ¥17k/m² | – |
| Mimata Town, Kitamorokata County | – | – | ¥8.0M | ¥14k/m² | – |
| Takanabe Town, Koyu County | – | – | ¥12.0M | – | – |
| Kobayashi City | – | – | ¥5.5M | ¥9k/m² | – |
| Nichinan City | – | – | ¥7.6M | ¥12k/m² | – |
| Ebino City | – | – | ¥3.0M | – | – |
Prices near train stations in Miyazaki
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 |
|---|---|---|---|---|---|
| Miyazaki (宮崎) | ¥19.0M | ¥257k/m² | ¥23.0M | 19 | 488 |
| Miyazakijingu (宮崎神宮) | ¥16.0M | ¥224k/m² | ¥22.0M | 19 | 222 |
| Minami Miyazaki (南宮崎) | ¥13.5M | ¥172k/m² | ¥22.0M | 14 | 212 |
| Nobeoka (延岡) | ¥20.0M | ¥277k/m² | ¥11.0M | 18 | 185 |
| Miyakonojo (都城) | – | – | ¥15.0M | 19 | 151 |
| Hyugashi (日向市) | – | – | ¥14.0M | 18 | 121 |
| Nishi Miyakonojo (西都城) | – | – | ¥12.0M | 18 | 111 |
| Minami Nobeoka (南延岡) | – | – | ¥14.0M | 21 | 104 |
| Sadowara (佐土原) | – | – | ¥18.0M | 17 | 95 |
| Isoichi (五十市) | – | – | ¥15.0M | 18 | 91 |
| Kobayashi(Miyazaki) (小林(宮崎)) | – | – | ¥5.9M | 15 | 90 |
| Takanabe (高鍋) | – | – | ¥10.0M | 23 | 86 |
| Tayoshi (田吉) | – | – | ¥17.0M | 20 | 54 |
| Mimata (三股) | – | – | ¥7.5M | 18 | 53 |
| Minamikata(Miyazaki) (南方(宮崎)) | – | – | ¥22.0M | 16 | 52 |
Used condo prices by layout in Miyazaki
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥18.0M | 75 m² | 136 |
| 2LDK | ¥20.0M | 65 m² | 41 |
| 4LDK | ¥21.0M | 85 m² | 40 |
| 1K | ¥1.9M | 20 m² | 26 |
How much does an apartment cost in Miyazaki?
The median used condo (mansion) in Miyazaki sold for ¥17.0M in 2025, about ¥223k/m², based on 76 recorded sales.
How much does a house cost in Miyazaki?
The median house sale, including the land, was ¥15.0M in 2025 across 976 sales.
Are property prices in Miyazaki going up?
Over the five years to 2025, condo prices per m² changed -0.2% and residential land prices changed +20.0%.
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.