Nanjo City Housing Market Report 2025
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median house price (land + building)
- ¥33.5M
- Residential land per m² (sales)
- ¥23k/m²
- -4.2% over 5 years
- Transactions in 2025
- 86
- #7 of 13 areas in Okinawa by price per m²
What the data says
Steady, predictable growth
House prices per m² have climbed about 6.1% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.
Outperforming Okinawa
Per m², houses here are 8% above the Okinawa average. The premium has grown from 7% ten years ago, so Nanjo City has been outperforming its surroundings.
Sales are thinning out
Transactions are down about 12% on the previous three years. Fewer sales mean less choice and slower resale, so allow more time to sell later.
What a typical purchase costs
Half of all house sales last year were between ¥24.3M and ¥41.0M. Listings outside that range are either unusual properties or worth a closer look.
A growing population
The population grew 3% between 2020 and 2025 (+0.1% for the wider area). More people moved in than out in 2025, a net gain of about 10.3 per 1,000 residents, so demand for homes is being topped up by newcomers.
Typical vacancy
10.8% of homes were empty in 2023 (9.3% for the wider area), and 6.7% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.
Lower earthquake risk
The government's seismic model gives a 18% chance of shaking of intensity 6-lower or stronger in the next 30 years (22% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.
Official land prices are rising fast
On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +7% in the year to January 2026 and +26% over five years. Because these sites don't change, this is the cleanest measure of land value trends.
Living in Nanjo City: people, homes and risks
- Population 2025
- 45,350
- +3.0% since 2020
- Okinawa: +0.1%
- Net moves in 2025
- +465
- +10.25 per 1,000 residents
- Okinawa: -0.38
- Vacant homes (2023)
- 10.8%
- 6.7% empty and not for rent or sale
- Okinawa: 9.3%
- Median rent (2023)
- ¥50k
- per month, all rented homes
- Okinawa: ¥51k
- Strong earthquake risk
- 18.4%
- chance of shaking of intensity 6-lower or more within 30 years
- Okinawa: 22.2%
- Official land price 2026
- ¥62k/m²
- +7.2% in a year · +26.3% in 5 years
- Okinawa: ¥120k/m²
- Flood exposure
- 0.0%
- of 3 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Okinawa: 7.7%
- Tsunami exposure
- 66.7%
- of 3 benchmark sites in a tsunami inundation zone
- Okinawa: 19.8%
- Landslide exposure
- 0.0%
- of 3 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 Nanjo 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.
House
¥22.0M
¥129k/m²
- Tamagusuku
- Land 220 m² · floor 170 m²
- Built 1994 (31 yrs) · RC
¥28.0M
¥175k/m²
- Sashiki
- Land 370 m² · floor 160 m²
- Built 2006 (20 yrs) · Block
¥40.0M
¥400k/m²
- Tamagusuku
- Land 145 m² · floor 100 m²
- Built 2024 (1 yrs) · RC
Show data table
| Year | House |
|---|---|
| 2007 | – |
| 2008 | – |
| 2009 | ¥13.5M |
| 2010 | ¥14.0M |
| 2011 | – |
| 2012 | ¥15.0M |
| 2013 | – |
| 2014 | ¥16.5M |
| 2015 | – |
| 2016 | ¥26.5M |
| 2017 | – |
| 2018 | ¥23.5M |
| 2019 | ¥26.0M |
| 2020 | ¥26.0M |
| 2021 | ¥31.0M |
| 2022 | ¥29.5M |
| 2023 | ¥30.0M |
| 2024 | ¥31.0M |
| 2025 | ¥33.5M |
Show data table
| Year | House | Land |
|---|---|---|
| 2007 | – | ¥14k/m² |
| 2008 | – | ¥15k/m² |
| 2009 | ¥122k/m² | ¥14k/m² |
| 2010 | ¥151k/m² | ¥16k/m² |
| 2011 | – | ¥18k/m² |
| 2012 | ¥133k/m² | ¥20k/m² |
| 2013 | – | ¥18k/m² |
| 2014 | ¥153k/m² | ¥18k/m² |
| 2015 | – | ¥19k/m² |
| 2016 | ¥216k/m² | ¥19k/m² |
| 2017 | – | ¥23k/m² |
| 2018 | ¥247k/m² | ¥20k/m² |
| 2019 | ¥244k/m² | ¥21k/m² |
| 2020 | ¥274k/m² | ¥24k/m² |
| 2021 | ¥284k/m² | ¥35k/m² |
| 2022 | ¥317k/m² | ¥19k/m² |
| 2023 | ¥313k/m² | ¥30k/m² |
| 2024 | ¥358k/m² | ¥28k/m² |
| 2025 | ¥340k/m² | ¥23k/m² |
Show data table
| Building age (years) | House |
|---|---|
| 0 | ¥326k/m² |
| 1 | ¥289k/m² |
How much does a house cost in Nanjo City?
The median house sale, including the land, was ¥33.5M in 2025 across 38 sales.
Are property prices in Nanjo City going up?
Over the five years to 2025, residential land prices changed -4.2%.
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.