Shinsekai, Osaka
Photo: Shinsekai, Osaka · Nomadic Julien / Unsplash

Hirano Ward, Osaka City Housing Market Report 2025

Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2

Key figures for 2025

Median used condo price
¥23.0M
¥373k/m²
Median house price (land + building)
¥34.5M
Residential land per m² (sales)
¥260k/m²
+52.9% over 5 years
Transactions in 2025
305
#25 of 68 areas in Osaka by price per m²

What the data says

Price growth is speeding up

Condo values per m² have risen about 4.7% a year over the past five years, faster than the 2.7% a year of the five years before. Buyers waiting for a dip have so far been paying more each year, and that has not yet changed.

Lagging Osaka

Per m², condos here are 37% below the Osaka average. Ten years ago the gap was 17%, so Hirano Ward, Osaka City has been falling behind the rest of Osaka.

Station distance barely matters

Condos 11–15 minutes from a station sell for similar or higher prices than those near one, which usually means buyers here drive or value quiet residential streets.

A family market

66% of recent condo sales have three or more bedrooms. Demand comes mainly from owner-occupier families, which tends to make prices steadier but rental yields lower.

What a typical purchase costs

Half of all condo sales last year were between ¥15.0M and ¥28.0M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 4.9% between 2020 and 2025 (−0.8% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 0.1% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

16.4% of homes were empty in 2023 (14.2% for the wider area), and 3.9% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.

Buying vs renting

A median used condo costs about 40.2 years of the area's median rent (¥48k a month), compared with 31.7 years for the wider area. Prices are high relative to rents, so rental yields are thin and buyers are paying for expected growth. Rents here cover all rented homes, so treat this as a rough guide.

High earthquake risk

The government's seismic model gives a 68% chance of shaking of intensity 6-lower or stronger in the next 30 years (43% for the wider area). Check the building's earthquake standard (post-1981, ideally post-2000 for wooden houses) and consider earthquake insurance.

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 +4% in the year to January 2026 and +8% over five years. They are still 72% below their 1991 bubble-era level. Because these sites don't change, this is the cleanest measure of land value trends.

Significant flood risk

Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 95% are inside the worst-case flood zone (29% with expected depths of 3 m or more). Most worst-case flood zones are shallow (under 0.5 m) at the edges, so depth matters as much as the share. Check the hazard map for any specific address before buying.

Living in Hirano Ward, Osaka City: people, homes and risks

Population 2025
182,659
-4.9% since 2020
Osaka: -0.8%
Net moves in 2025
-293
-1.6 per 1,000 residents
Osaka: +1.79
Vacant homes (2023)
16.4%
3.9% empty and not for rent or sale
Osaka: 14.2%
Median rent (2023)
¥48k
per month, all rented homes
Osaka: ¥58k
Strong earthquake risk
68.1%
chance of shaking of intensity 6-lower or more within 30 years
Osaka: 43.3%
Official land price 2026
¥187k/m²
+3.6% in a year · +8.4% in 5 years
Osaka: ¥145k/m²
Flood exposure
95.2%
of 21 benchmark sites in a worst-case flood zone (28.6% 3 m or deeper)
Osaka: 42.5%
Landslide exposure
0.0%
of 21 benchmark sites in a landslide warning area
Osaka: 1.4%

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 Hirano Ward, Osaka 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.

Condo

Lower-priced2026 Q1

¥13.0M

¥217k/m²

  • Kamihigashi
  • Kami · 8 min walk
  • 3LDK · 60 m²
  • Built 1999 (27 yrs) · RC
Typical2025 Q3

¥22.0M

¥400k/m²

  • Kire
  • Kire Uriwari · 2 min walk
  • 1LDK · 55 m²
  • Built 1997 (28 yrs) · RC
Higher-priced2025 Q3

¥31.0M

¥517k/m²

  • Kire
  • Kire Uriwari · 3 min walk
  • 3LDK · 60 m²
  • Built 2013 (12 yrs) · RC

House

Lower-priced2026 Q1

¥11.0M

¥110k/m²

  • Uriwarinishi
  • Kire Uriwari · 5 min walk
  • Land 60 m² · floor 100 m²
  • Built 1981 (45 yrs) · Wood
Typical2025 Q4

¥36.0M

¥327k/m²

  • Kire
  • Kire Uriwari · 2 min walk
  • Land 140 m² · floor 110 m²
  • Built 2010 (15 yrs) · Wood
Higher-priced2026 Q2

¥81.0M

¥245k/m²

  • Hiranohommachi
  • Hirano(OsakaMetro) · 2 min walk
  • Land 95 m² · floor 330 m²
  • Built 1990 (36 yrs) · Steel
Median transaction price by year2026 so far: treat with caution — The 2026 figure (shaded) is 30% below 2025, but it covers only part of the year and 26 condo sales so far. Early-year numbers are often revised and are easily skewed by a few large deals.
¥0¥10.0M¥20.0M¥30.0M¥40.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥11.0M¥30.0M
2006¥13.0M¥30.0M
2007¥10.5M¥32.0M
2008¥13.0M¥29.0M
2009¥15.0M¥28.0M
2010¥14.0M¥29.0M
2011¥14.0M¥29.5M
2012¥12.0M¥25.0M
2013¥14.0M¥28.0M
2014¥14.0M¥28.0M
2015¥14.5M¥29.0M
2016¥16.5M¥30.0M
2017¥15.0M¥30.5M
2018¥15.0M¥26.5M
2019¥17.0M¥31.0M
2020¥16.0M¥33.0M
2021¥17.0M¥27.5M
2022¥18.0M¥29.5M
2023¥19.5M¥29.0M
2024¥17.0M¥30.0M
2025¥23.0M¥34.5M
2026 (partial)¥16.0M¥34.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 30% less than a m² of condo, even though the house price includes land. If you need room more than convenience, a house buys considerably more space. That gap has widened over the decade as condo prices pulled ahead.
¥0¥100k¥200k¥300k¥400k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥190k/m²¥241k/m²¥240k/m²
2006¥215k/m²¥267k/m²¥220k/m²
2007¥185k/m²¥242k/m²¥215k/m²
2008¥200k/m²¥270k/m²¥210k/m²
2009¥232k/m²¥211k/m²¥200k/m²
2010¥214k/m²¥262k/m²¥175k/m²
2011¥229k/m²¥250k/m²¥160k/m²
2012¥200k/m²¥182k/m²¥160k/m²
2013¥226k/m²¥218k/m²¥170k/m²
2014¥229k/m²¥211k/m²¥145k/m²
2015¥232k/m²¥200k/m²¥160k/m²
2016¥243k/m²¥211k/m²¥150k/m²
2017¥257k/m²¥222k/m²¥170k/m²
2018¥250k/m²¥209k/m²¥170k/m²
2019¥260k/m²¥228k/m²¥210k/m²
2020¥267k/m²¥267k/m²¥170k/m²
2021¥267k/m²¥200k/m²¥170k/m²
2022¥297k/m²¥219k/m²¥225k/m²
2023¥295k/m²¥224k/m²¥235k/m²
2024¥291k/m²¥211k/m²¥250k/m²
2025¥373k/m²¥252k/m²¥260k/m²
2026 (partial)¥256k/m²¥205k/m²–
Price per m² by building age (2021–2025 sales)Houses bottom out at around 28 years — House prices per m² drop about 63% from new by age 28, then flatten, because by then buyers are mostly paying for the land. A house older than that costs little more than its plot, a good option if you plan to renovate or rebuild.
¥0¥500k¥1.0M05101520253035404550
Show data table
Building age (years)CondoHouse
0¥920k/m²¥400k/m²
1–¥410k/m²
14¥348k/m²–
15¥350k/m²–
16¥362k/m²–
17¥400k/m²–
18¥418k/m²–
19¥381k/m²–
20¥430k/m²¥238k/m²
21–¥173k/m²
22–¥259k/m²
23–¥195k/m²
25–¥182k/m²
26¥283k/m²¥193k/m²
27–¥185k/m²
28–¥139k/m²
29¥306k/m²¥134k/m²
30–¥150k/m²
31¥240k/m²¥184k/m²
34–¥141k/m²
35–¥159k/m²
36¥222k/m²¥181k/m²
37¥300k/m²¥125k/m²
38–¥105k/m²
39¥233k/m²¥139k/m²
41–¥100k/m²
42–¥100k/m²
43–¥78k/m²
44–¥155k/m²
45–¥113k/m²
46–¥106k/m²
47–¥118k/m²
48¥175k/m²¥94k/m²
49¥219k/m²¥98k/m²
50¥181k/m²¥120k/m²
Condo price per m² by construction period
¥0¥200k¥400k¥600k2006200820102012201420162018202020222024

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
Year1971-19801981-20002001-2010
2006–¥216k/m²–
2008–¥200k/m²–
2009–¥218k/m²¥292k/m²
2010–¥187k/m²¥417k/m²
2011–¥208k/m²¥341k/m²
2012–¥215k/m²–
2013¥152k/m²¥217k/m²¥292k/m²
2014–¥227k/m²¥308k/m²
2015–¥200k/m²¥338k/m²
2016–¥217k/m²¥325k/m²
2017–¥217k/m²¥353k/m²
2018–¥240k/m²–
2019–¥250k/m²¥371k/m²
2020–¥255k/m²¥350k/m²
2021–¥236k/m²¥354k/m²
2022–¥285k/m²¥373k/m²
2023–¥293k/m²–
2024¥170k/m²¥271k/m²¥362k/m²
2025–¥331k/m²¥429k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k¥400k20052007200920112013201520172019202120232025

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
Year1971-19801981-20002001-20102011-2020
2005¥175k/m²¥157k/m²¥322k/m²–
2006¥137k/m²¥187k/m²¥339k/m²–
2007¥158k/m²¥190k/m²¥329k/m²–
2008–¥190k/m²¥320k/m²–
2009¥97k/m²¥152k/m²¥320k/m²–
2010–¥153k/m²¥315k/m²–
2011¥118k/m²¥147k/m²¥220k/m²¥330k/m²
2012¥100k/m²¥135k/m²–¥335k/m²
2013¥87k/m²¥140k/m²–¥333k/m²
2014¥111k/m²¥131k/m²–¥320k/m²
2015¥108k/m²¥150k/m²–¥330k/m²
2016¥100k/m²¥133k/m²–¥341k/m²
2017–¥140k/m²–¥352k/m²
2018¥87k/m²¥152k/m²–¥340k/m²
2019–¥162k/m²–¥345k/m²
2020–¥135k/m²–¥352k/m²
2021¥80k/m²¥152k/m²––
2022¥93k/m²¥144k/m²––
2023¥100k/m²¥138k/m²––
2024¥145k/m²¥130k/m²––
2025¥105k/m²¥181k/m²––

Prices near train stations in Hirano Ward, Osaka City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Kire Uriwari (喜連瓜破)¥25.0M¥400k/m²¥21.0M9159
Hirano(OsakaMetro) (平野(大阪メトロ))¥24.0M¥386k/m²¥34.0M8150
Hirano(JR) (平野(JR))¥13.0M¥215k/m²¥30.0M8120
Kami (加美)¥18.5M¥336k/m²¥31.0M895
Nagahara(Osaka) (長原(大阪))––¥36.0M1388
Deto (出戸)¥22.0M¥313k/m²¥32.5M863
Kizuri Kamikita (衣摺加美北)–––713
Minami Tatsumi (南巽)–––510

Used condo prices by layout in Hirano Ward, Osaka City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥22.5M65 m²100
2LDK¥16.0M55 m²43
4LDK¥29.0M80 m²12
1LDK¥23.0M25 m²11

How much does an apartment cost in Hirano Ward, Osaka City?

The median used condo (mansion) in Hirano Ward, Osaka City sold for ¥23.0M in 2025, about ¥373k/m², based on 88 recorded sales.

How much does a house cost in Hirano Ward, Osaka City?

The median house sale, including the land, was ¥34.5M in 2025 across 168 sales.

Are property prices in Hirano Ward, Osaka City going up?

Over the five years to 2025, condo prices per m² changed +40.0% and residential land prices changed +52.9%.

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.