Ishigaki Housing Market 2025: An Island Market Driven by Land

Key figures for 2025

Median house price (land + building)

¥39.0M

Residential land per m² (sales)

¥39k/m²

+62.5% over 5 years

Transactions in 2025

88

#12 of 13 areas in Okinawa by price per m²

Living in Ishigaki City: people, homes and risks

Population 2025

47,735

+0.2% since 2020

Okinawa: +0.1%

Net moves in 2025

-252

-5.28 per 1,000 residents

Okinawa: -0.38

Vacant homes (2023)

7.4%

1.8% empty and not for rent or sale

Okinawa: 9.3%

Median rent (2023)

¥53k

per month, all rented homes

Okinawa: ¥51k

Strong earthquake risk

14.8%

chance of shaking of intensity 6-lower or more within 30 years

Okinawa: 22.2%

Official land price 2026

¥73k/m²

+4.2% in a year · +61.4% in 5 years

Okinawa: ¥120k/m²

Flood exposure

0.0%

of 5 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)

Okinawa: 7.7%

Tsunami exposure

80.0%

of 5 benchmark sites in a tsunami inundation zone

Okinawa: 19.8%

Landslide exposure

0.0%

of 5 benchmark sites in a landslide warning area

Okinawa: 0.5%

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 Ishigaki City

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.