Exploring the Dynamic Real Estate Landscape of Okayama, Japan
Okayama prefecture, situated in Japan’s Chugoku region, is a blend of tradition and modern growth. Known for its rich cultural heritage and scenic beauty, the region is attracting attention in the real estate market. With key statistics such as an aging index of 255.1, a slight population decline (-0.75%), and a favorable employment rate of 96.4%, Okayama’s demographic and climatic conditions—an average temperature of 16.4°C with 27 clear days per year—play a significant role in shaping market expectations. The region is also well-equipped with education facilities, boasting approximately 17 elementary schools, 7 lower secondary schools, and 4 upper secondary schools per 100 km² of inhabitable area. Major areas such as Kita Ward, Kurashiki City, and Naka Ward within Okayama City each exhibit unique price dynamics, reflective of their local amenities and development pace.
Ratio of population of foreigners (per 100,000 persons)
1330
Aging index
255.1
Rate of population change
-0.75%
Yearly average of air temperature
16.4
Yearly average of relative humidity
70%
Yearly clear days
27
Number of elementary schools (per inhabitable area 100 km2)
17.18
Number of lower secondary schools (per inhabitable area 100 km2)
7.36
Number of upper secondary schools (per inhabitable area 100 km2)
3.86
Percentage of persons employed
96.4%
Unemployment rate (Both sexes)
3.6%
Percentage of owned houses
64.9%
Number of retail stores (per 1,000 persons)
7.63
Number of eating and drinking places (per 1,000 persons)
3.32
Number of department stores and general merchandise stores (per 100,000 persons)
0.69
Number of traffic accidents (per 100,000 persons)
233.5
Number of recognitions of criminal offenses (per 1,000 persons)
4.02
Amount of damage by disasters (per capita)(30 years average)
¥6071
Areas in Okayama
Area | Median Price per m² | Growth over last 5 years |
---|---|---|
Kita Ward, Okayama City | ¥278,889 | 39.4% |
Kurashiki City | ¥191,833 | 5.5% |
Naka Ward, Okayama City | ¥189,473 | -2.7% |
Minami Ward, Okayama City | ¥188,235 | -3.5% |
Soja City | ¥166,092 | 2.1% |
Higashi Ward, Okayama City | ¥120,000 | 20.0% |
Tamano City | ¥90,909 | 52.1% |
Tsuyama City | ¥82,352 | 28.5% |
Akaiwa City | ¥63,095 | -32.4% |
Maniwa City | ¥33,766 | 1.3% |
Bizen City | ¥31,578 | -12.3% |
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