Oita Housing Market 2026: Hot Springs and Rising Land
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 1,814
In short
- 1Land is rising steadily
On the government's fixed benchmark sites, Oita's residential land rose 2.8% in the past year and about 10% over five years, and is only 18% below its 1991 level.
- 2Population and vacancy
Oita's population fell 4.2% between 2020 and 2025.
- 3Condos depreciate quickly
Oita condos lose a quarter of their per-m² value by about 10 years old, among the fastest early depreciation in Japan, so slightly older condos are relatively better value.
The answers, compared
What does a home cost?
¥15.0M
median used condo · ¥209k/m²
63% below the Japan median
40 of 47 prefectures, highest first
Are prices rising?
+11.9%
over 5 years
Slower than Japan (+33.4%)
31 of 47 prefectures, highest first
Can local earners afford it?
4.6× income
median price ÷ average taxable income
Easier than Japan (6.6×)
36 of 47 prefectures, highest first
Rent or buy?
28years of rent
median price ÷ a year of median rent
Shorter than Japan (38)
34 of 47 prefectures, highest first
Are people moving in?
-4.2%
population, 2020–25
Shrinking faster than Japan (-2.5%)
22 of 47 prefectures, highest first
How risky is it?
37%
chance of strong shaking (6-lower+) in 30 years
In line with Japan (38%)
17 of 47 prefectures, highest first
Land is rising steadily
On the government's fixed benchmark sites, Oita's residential land rose 2.8% in the past year and about 10% over five years, and is only 18% below its 1991 level. Oita City and Beppu account for most demand; Beppu's condo prices per m² are up about 12% in five years and Oita City's about 7%.
Population and vacancy
Oita's population fell 4.2% between 2020 and 2025. Vacancy is high (19%), with about 10% of homes abandoned and about 6,500 second homes, many around Beppu and Yufuin.
Condos depreciate quickly
Oita condos lose a quarter of their per-m² value by about 10 years old, among the fastest early depreciation in Japan, so slightly older condos are relatively better value.
Hazards
Oita faces a 37% chance of 6-lower shaking within 30 years, close to the national average. About 25% of benchmark sites are in tsunami inundation zones along Beppu Bay and the Bungo Channel, and 13% face worst-case flooding of 3 m or deeper. Hot-spring properties may also carry separate water rights and fees.
Living in Oita: people, homes and risks
- Population 2025
- 1,076,875
- -4.2% since 2020
- Japan: -2.5%
- Net moves in 2025
- -2,972
- -2.76 per 1,000 residents
- Vacant homes (2023)
- 19.1%
- 9.6% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥45k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 37.1%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Average income per taxpayer
- ¥3.3M
- taxable income in 2023
- Japan: ¥3.9M
- Foreign residents
- 1.8%
- 19,892 registered residents in 2024
- Japan: 3.0%
- Clinics
- 8.9
- per 10,000 residents; 153 hospitals, 542 dental clinics (2020)
- Japan: 8.5
- Official land price 2026
- ¥43k/m²
- +2.8% in a year · +10.1% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 52.0%
- of 229 benchmark sites in a worst-case flood zone (12.7% 3 m or deeper)
- Japan: 42.6%
- Tsunami exposure
- 25.3%
- of 229 benchmark sites in a tsunami inundation zone
- Japan: 7.8%
- Landslide exposure
- 3.5%
- of 229 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); recorded crime: Tokyo Metropolitan Police Department (Tokyo only); incomes: Ministry of Internal Affairs taxation survey via the Statistics Bureau's municipal indicators; foreign residents: Basic Resident Register; medical facilities and station passengers: MLIT National Land Numerical Information. Earthquake probability is measured at the municipal center.
Example sales in Oita
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
¥5.0M
¥125k/m²
- Otemachi, Oita City
- Oita · 20 min walk
- 1LDK · 40 m²
- Built 1972 (53 yrs) · SRC
¥15.0M
¥158k/m²
- Kanaikemachi, Oita City
- Oita · 15 min walk
- 4LDK · 95 m²
- Built 1995 (31 yrs) · SRC
¥28.0M
¥329k/m²
- Funaimachi, Oita City
- Oita · 7 min walk
- 2LDK · 85 m²
- Built 1998 (27 yrs) · SRC
House
¥5.0M
¥40k/m²
- Oaza Senzai, Oita City
- Takajo · 8 min walk
- Land 160 m² · floor 125 m²
- Built 1972 (54 yrs) · Wood
¥17.0M
¥131k/m²
- Fujinodai, Oita City
- Takio · 26 min walk
- Land 220 m² · floor 130 m²
- Built 1995 (31 yrs) · Light steel
¥35.0M
¥368k/m²
- Imazuru, Oita City
- Maki(Oita) · 19 min walk
- Land 140 m² · floor 95 m²
- Built 2026 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2007 | ¥12.0M | ¥14.0M |
| 2008 | ¥12.0M | ¥14.0M |
| 2009 | ¥11.0M | ¥12.0M |
| 2010 | ¥9.4M | ¥13.0M |
| 2011 | ¥11.0M | ¥14.0M |
| 2012 | ¥9.0M | ¥13.0M |
| 2013 | ¥9.5M | ¥15.0M |
| 2014 | ¥9.5M | ¥15.0M |
| 2015 | ¥11.0M | ¥14.0M |
| 2016 | ¥9.5M | ¥15.0M |
| 2017 | ¥10.0M | ¥14.0M |
| 2018 | ¥13.0M | ¥14.0M |
| 2019 | ¥12.0M | ¥14.0M |
| 2020 | ¥14.0M | ¥15.0M |
| 2021 | ¥12.0M | ¥16.0M |
| 2022 | ¥16.0M | ¥15.0M |
| 2023 | ¥17.0M | ¥17.0M |
| 2024 | ¥17.0M | ¥15.0M |
| 2025 | ¥15.0M | ¥17.0M |
| 2026 (partial) | ¥16.0M | ¥17.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2007 | ¥188k/m² | ¥108k/m² | ¥26k/m² |
| 2008 | ¥153k/m² | ¥108k/m² | ¥29k/m² |
| 2009 | ¥151k/m² | ¥100k/m² | ¥25k/m² |
| 2010 | ¥138k/m² | ¥97k/m² | ¥27k/m² |
| 2011 | ¥150k/m² | ¥106k/m² | ¥26k/m² |
| 2012 | ¥136k/m² | ¥100k/m² | ¥23k/m² |
| 2013 | ¥139k/m² | ¥109k/m² | ¥24k/m² |
| 2014 | ¥147k/m² | ¥106k/m² | ¥22k/m² |
| 2015 | ¥157k/m² | ¥104k/m² | ¥23k/m² |
| 2016 | ¥147k/m² | ¥100k/m² | ¥24k/m² |
| 2017 | ¥154k/m² | ¥109k/m² | ¥24k/m² |
| 2018 | ¥175k/m² | ¥97k/m² | ¥25k/m² |
| 2019 | ¥167k/m² | ¥100k/m² | ¥26k/m² |
| 2020 | ¥187k/m² | ¥113k/m² | ¥28k/m² |
| 2021 | ¥171k/m² | ¥107k/m² | ¥22k/m² |
| 2022 | ¥205k/m² | ¥109k/m² | ¥27k/m² |
| 2023 | ¥227k/m² | ¥122k/m² | ¥27k/m² |
| 2024 | ¥229k/m² | ¥116k/m² | ¥31k/m² |
| 2025 | ¥209k/m² | ¥124k/m² | ¥30k/m² |
| 2026 (partial) | ¥215k/m² | ¥122k/m² | ¥32k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥464k/m² | ¥294k/m² |
| 1 | ¥445k/m² | ¥292k/m² |
| 2 | ¥469k/m² | ¥316k/m² |
| 3 | – | ¥305k/m² |
| 4 | ¥413k/m² | ¥289k/m² |
| 5 | ¥431k/m² | ¥312k/m² |
| 6 | ¥413k/m² | ¥206k/m² |
| 7 | ¥386k/m² | ¥250k/m² |
| 8 | ¥400k/m² | ¥196k/m² |
| 9 | – | ¥221k/m² |
| 10 | ¥343k/m² | ¥190k/m² |
| 11 | – | ¥247k/m² |
| 12 | ¥317k/m² | ¥200k/m² |
| 13 | ¥329k/m² | ¥193k/m² |
| 14 | ¥320k/m² | ¥185k/m² |
| 15 | ¥300k/m² | ¥210k/m² |
| 16 | ¥320k/m² | ¥127k/m² |
| 17 | ¥299k/m² | ¥176k/m² |
| 18 | ¥284k/m² | ¥127k/m² |
| 19 | ¥277k/m² | ¥141k/m² |
| 20 | ¥244k/m² | ¥130k/m² |
| 21 | ¥243k/m² | ¥133k/m² |
| 22 | ¥250k/m² | ¥116k/m² |
| 23 | ¥234k/m² | ¥108k/m² |
| 24 | ¥206k/m² | ¥98k/m² |
| 25 | ¥200k/m² | ¥133k/m² |
| 26 | ¥184k/m² | ¥121k/m² |
| 27 | ¥200k/m² | ¥100k/m² |
| 28 | ¥200k/m² | ¥102k/m² |
| 29 | ¥169k/m² | ¥88k/m² |
| 30 | ¥146k/m² | ¥100k/m² |
| 31 | ¥140k/m² | ¥96k/m² |
| 32 | ¥140k/m² | ¥87k/m² |
| 33 | ¥164k/m² | ¥94k/m² |
| 34 | ¥166k/m² | ¥95k/m² |
| 35 | ¥136k/m² | ¥104k/m² |
| 36 | ¥146k/m² | ¥86k/m² |
| 37 | ¥127k/m² | ¥64k/m² |
| 38 | ¥124k/m² | ¥83k/m² |
| 39 | ¥138k/m² | ¥114k/m² |
| 40 | – | ¥74k/m² |
| 41 | – | ¥92k/m² |
| 42 | – | ¥74k/m² |
| 43 | ¥109k/m² | ¥66k/m² |
| 44 | – | ¥58k/m² |
| 45 | – | ¥67k/m² |
| 46 | – | ¥75k/m² |
| 47 | – | ¥56k/m² |
| 48 | – | ¥54k/m² |
| 49 | – | ¥56k/m² |
| 50 | ¥63k/m² | ¥54k/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 | – | ¥150k/m² | ¥189k/m² | – |
| 2008 | – | ¥130k/m² | ¥190k/m² | – |
| 2009 | – | ¥120k/m² | ¥250k/m² | – |
| 2010 | – | ¥125k/m² | ¥271k/m² | – |
| 2011 | – | ¥133k/m² | ¥218k/m² | – |
| 2012 | – | ¥125k/m² | ¥225k/m² | – |
| 2013 | ¥64k/m² | ¥129k/m² | ¥229k/m² | – |
| 2014 | – | ¥139k/m² | ¥227k/m² | – |
| 2015 | – | ¥138k/m² | ¥242k/m² | – |
| 2016 | – | ¥105k/m² | ¥259k/m² | – |
| 2017 | – | ¥125k/m² | ¥247k/m² | – |
| 2018 | – | ¥156k/m² | ¥262k/m² | – |
| 2019 | – | ¥143k/m² | ¥268k/m² | ¥373k/m² |
| 2020 | – | ¥157k/m² | ¥267k/m² | ¥374k/m² |
| 2021 | ¥87k/m² | ¥153k/m² | ¥253k/m² | ¥380k/m² |
| 2022 | – | ¥176k/m² | ¥259k/m² | ¥387k/m² |
| 2023 | – | ¥163k/m² | ¥303k/m² | – |
| 2024 | – | ¥164k/m² | ¥306k/m² | ¥400k/m² |
| 2025 | – | ¥167k/m² | ¥309k/m² | ¥413k/m² |
| 2026 (partial) | – | ¥168k/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 | ¥87k/m² | ¥110k/m² | ¥228k/m² | – |
| 2008 | ¥83k/m² | ¥100k/m² | ¥203k/m² | – |
| 2009 | ¥73k/m² | ¥100k/m² | ¥217k/m² | – |
| 2010 | ¥79k/m² | ¥92k/m² | ¥211k/m² | – |
| 2011 | ¥71k/m² | ¥94k/m² | ¥172k/m² | ¥247k/m² |
| 2012 | ¥72k/m² | ¥96k/m² | ¥144k/m² | ¥237k/m² |
| 2013 | ¥68k/m² | ¥92k/m² | ¥149k/m² | ¥238k/m² |
| 2014 | ¥65k/m² | ¥100k/m² | ¥152k/m² | ¥250k/m² |
| 2015 | ¥59k/m² | ¥97k/m² | ¥158k/m² | ¥242k/m² |
| 2016 | ¥72k/m² | ¥95k/m² | ¥148k/m² | ¥251k/m² |
| 2017 | ¥70k/m² | ¥100k/m² | ¥133k/m² | ¥254k/m² |
| 2018 | ¥69k/m² | ¥91k/m² | ¥145k/m² | ¥257k/m² |
| 2019 | ¥68k/m² | ¥92k/m² | ¥133k/m² | ¥269k/m² |
| 2020 | ¥68k/m² | ¥87k/m² | ¥146k/m² | ¥257k/m² |
| 2021 | ¥59k/m² | ¥80k/m² | ¥146k/m² | ¥260k/m² |
| 2022 | ¥67k/m² | ¥95k/m² | ¥129k/m² | ¥251k/m² |
| 2023 | ¥63k/m² | ¥108k/m² | ¥150k/m² | ¥244k/m² |
| 2024 | ¥59k/m² | ¥100k/m² | ¥167k/m² | ¥232k/m² |
| 2025 | ¥60k/m² | ¥94k/m² | ¥157k/m² | ¥238k/m² |
| 2026 (partial) | ¥51k/m² | ¥110k/m² | ¥188k/m² | ¥227k/m² |
Prices by area in Oita
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 |
|---|---|---|---|---|---|
| Oita City | ¥214k/m² | ¥15.0M | ¥28.0M | ¥62k/m² | +7.1% |
| Beppu City | ¥177k/m² | ¥13.0M | ¥12.0M | ¥51k/m² | +12.4% |
| Hiji Town, Hayami County | – | – | ¥16.0M | ¥22k/m² | – |
| Yufu City | – | – | ¥18.0M | ¥24k/m² | – |
| Hita City | – | – | ¥10.5M | ¥20k/m² | – |
| Nakatsu City | – | – | ¥11.0M | ¥14k/m² | – |
| Saiki City | – | – | ¥5.0M | ¥12k/m² | – |
| Usa City | – | – | ¥6.1M | ¥12k/m² | – |
| Usuki City | – | – | – | ¥20k/m² | – |
Prices near train stations in Oita
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 |
|---|---|---|---|---|---|
| Oita (大分) | ¥19.5M | ¥245k/m² | ¥37.5M | 16 | 350 |
| Beppu(Oita) (別府(大分)) | ¥19.0M | ¥242k/m² | ¥17.0M | 13 | 296 |
| Takajo (高城) | ¥18.0M | ¥250k/m² | ¥28.0M | 16 | 224 |
| Beppudaigaku (別府大学) | ¥8.8M | ¥161k/m² | ¥18.0M | 19 | 157 |
| Tsurusaki (鶴崎) | ¥11.0M | ¥140k/m² | ¥21.0M | 19 | 152 |
| Nakatsu(Oita) (中津(大分)) | – | – | ¥11.0M | 19 | 147 |
| Maki(Oita) (牧(大分)) | ¥8.6M | ¥148k/m² | ¥34.5M | 14 | 142 |
| Ozai (大在) | ¥2.0M | ¥76k/m² | ¥28.0M | 15 | 124 |
| Minami Oita (南大分) | ¥19.0M | ¥240k/m² | ¥26.5M | 15 | 118 |
| Hita (日田) | – | – | ¥11.0M | 18 | 104 |
| Saiki (佐伯) | – | – | ¥5.0M | 19 | 101 |
| Yufuin (由布院) | – | – | ¥13.0M | 14 | 79 |
| Shikido (敷戸) | – | – | ¥23.0M | 20 | 72 |
| Bungo Kokubu (豊後国分) | – | – | ¥13.0M | 26 | 71 |
| Naka Handa (中判田) | – | – | ¥25.0M | 17 | 70 |
Used condo prices by layout in Oita
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥22.0M | 75 m² | 222 |
| 4LDK | ¥23.0M | 85 m² | 123 |
| 2LDK | ¥18.0M | 70 m² | 71 |
| 1K | ¥2.5M | 20 m² | 52 |
| 1DK | ¥4.5M | 30 m² | 25 |
| 2DK | ¥4.5M | 40 m² | 21 |
| 1LDK | ¥10.0M | 55 m² | 15 |
| 2K | ¥2.9M | 27.5 m² | 10 |
How much does an apartment cost in Oita?
The median used condo (mansion) in Oita sold for ¥15.0M in 2025, about ¥209k/m², based on 186 recorded sales.
How much does a house cost in Oita?
The median house sale, including the land, was ¥17.0M in 2025 across 873 sales.
Are property prices in Oita going up?
Over the five years to 2025, condo prices per m² changed +11.9% and residential land prices changed +7.1%.
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.