Real Estate Market Report: The Booming Property Market of Okayama
Nestled in the charming landscape of Japan, Okayama Prefecture is gradually catching the eye of real estate investors and homebuyers alike. Known for its rich history, beautiful natural scenery, and a climate that is mild year-round, Okayama offers a unique blend of rural tranquility and urban convenience. With its capital city, Okayama City, and other notable areas like Kurashiki City, the prefecture is witnessing a positive trend in real estate, making it a promising area for investment or finding a new home.
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 | ￥244,958 | 12.4% |
| Minami Ward,Okayama City | ￥210,000 | 13.8% |
| Naka Ward,Okayama City | ￥209,000 | 22.6% |
| Kurashiki City | ￥200,000 | 16.7% |
| Higashi Ward,Okayama City | ￥101,111 | -20.8% |
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