Minato 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
- ¥20.0M
- ¥680k/m²
- Median house price (land + building)
- ¥38.0M
- Residential land per m² (sales)
- ¥400k/m²
- Transactions in 2025
- 269
- #10 of 68 areas in Osaka by price per m²
What the data says
Prices are still rising, but more slowly
Growth has cooled to about 3.4% a year, down from 12.4% a year in the previous five years. This looks more like a maturing market than a turning point, and it gives buyers a bit more room to negotiate.
Outperforming Osaka
Per m², condos here are 17% above the Osaka average. The premium has grown from 4% ten years ago, so Minato Ward, Osaka City has been outperforming its surroundings.
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 market for singles and investors
50% of recent condo sales are studios or 1K/1DK units, typical of rental investment and single workers. Small units are easy to rent but sensitive to new supply. Families will find fewer options.
Sales are picking up
There were about 25% more transactions in the last three years than the three before, so the market is liquid and selling later should be easier.
What a typical purchase costs
Half of all condo sales last year were between ¥16.0M and ¥27.8M. Listings outside that range are either unusual properties or worth a closer look.
A stable population
The population was roughly stable between 2020 and 2025 (−0.8% for the wider area). Moves in and out roughly balanced in 2025.
Typical vacancy
18% of homes were empty in 2023 (14.2% for the wider area), and 4% 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 30.5 years of the area's median rent (¥55k 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 56% 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 +5% in the year to January 2026 and +14% over five years. 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, 8% are inside the worst-case flood zone, 100% are in a tsunami inundation zone. 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 Minato Ward, Osaka City: people, homes and risks
- Population 2025
- 80,734
- -0.3% since 2020
- Osaka: -0.8%
- Net moves in 2025
- +155
- +1.92 per 1,000 residents
- Osaka: +1.79
- Vacant homes (2023)
- 18.0%
- 4.0% empty and not for rent or sale
- Osaka: 14.2%
- Median rent (2023)
- ¥55k
- per month, all rented homes
- Osaka: ¥58k
- Strong earthquake risk
- 55.8%
- chance of shaking of intensity 6-lower or more within 30 years
- Osaka: 43.3%
- Official land price 2026
- ¥256k/m²
- +5.1% in a year · +14.2% in 5 years
- Osaka: ¥145k/m²
- Flood exposure
- 8.3%
- of 12 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Osaka: 42.5%
- Tsunami exposure
- 100.0%
- of 12 benchmark sites in a tsunami inundation zone
- Osaka: 10.2%
- Landslide exposure
- 0.0%
- of 12 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 Minato 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
¥16.0M
¥800k/m²
- Namiyoke
- Bentencho · 1 min walk
- 1K · 20 m²
- Built 2011 (15 yrs) · RC
¥20.0M
¥1.0M/m²
- Yuunagi
- Asashiobashi · 8 min walk
- 1K · 20 m²
- Built 2025 (0 yrs) · RC
¥31.0M
¥443k/m²
- Yuunagi
- Asashiobashi · 1 min walk
- 3LDK · 70 m²
- Built 1993 (32 yrs) · SRC
House
¥21.0M
¥280k/m²
- Ichioka
- Bentencho · 14 min walk
- Land 55 m² · floor 75 m²
- Built 1977 (49 yrs) · Wood
¥37.0M
¥352k/m²
- Ichioka
- Bentencho · 12 min walk
- Land 60 m² · floor 105 m²
- Built 2009 (17 yrs) · Wood
¥52.0M
¥650k/m²
- Namiyoke
- Bentencho · 4 min walk
- Land 50 m² · floor 80 m²
- Built 2025 (0 yrs) · Wood
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | – | ¥34.0M |
| 2006 | ¥16.0M | ¥32.0M |
| 2007 | ¥17.0M | ¥38.5M |
| 2008 | ¥19.0M | ¥30.0M |
| 2009 | ¥16.0M | ¥35.5M |
| 2010 | ¥15.0M | ¥30.0M |
| 2011 | ¥16.0M | ¥29.0M |
| 2012 | ¥12.0M | ¥28.0M |
| 2013 | ¥18.0M | ¥27.0M |
| 2014 | ¥14.5M | ¥28.5M |
| 2015 | ¥13.0M | ¥25.0M |
| 2016 | ¥15.5M | ¥30.0M |
| 2017 | ¥15.5M | ¥27.0M |
| 2018 | ¥18.0M | ¥30.0M |
| 2019 | ¥15.0M | ¥30.0M |
| 2020 | ¥17.0M | ¥21.0M |
| 2021 | ¥18.0M | ¥32.0M |
| 2022 | ¥17.0M | ¥34.0M |
| 2023 | ¥18.0M | ¥27.0M |
| 2024 | ¥19.0M | ¥32.0M |
| 2025 | ¥20.0M | ¥38.0M |
| 2026 (partial) | ¥20.0M | ¥35.5M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | – | ¥213k/m² | – |
| 2006 | ¥213k/m² | ¥203k/m² | ¥320k/m² |
| 2007 | ¥250k/m² | ¥200k/m² | – |
| 2008 | ¥293k/m² | ¥188k/m² | ¥250k/m² |
| 2009 | ¥231k/m² | ¥210k/m² | – |
| 2010 | ¥233k/m² | ¥228k/m² | ¥210k/m² |
| 2011 | ¥246k/m² | ¥178k/m² | – |
| 2012 | ¥240k/m² | ¥200k/m² | ¥220k/m² |
| 2013 | ¥284k/m² | ¥208k/m² | ¥220k/m² |
| 2014 | ¥306k/m² | ¥238k/m² | – |
| 2015 | ¥273k/m² | ¥226k/m² | – |
| 2016 | ¥408k/m² | ¥233k/m² | ¥250k/m² |
| 2017 | ¥378k/m² | ¥200k/m² | – |
| 2018 | ¥373k/m² | ¥200k/m² | ¥250k/m² |
| 2019 | ¥400k/m² | ¥255k/m² | ¥225k/m² |
| 2020 | ¥640k/m² | ¥200k/m² | – |
| 2021 | ¥560k/m² | ¥250k/m² | ¥240k/m² |
| 2022 | ¥587k/m² | ¥237k/m² | ¥330k/m² |
| 2023 | ¥639k/m² | ¥216k/m² | ¥350k/m² |
| 2024 | ¥552k/m² | ¥215k/m² | ¥330k/m² |
| 2025 | ¥680k/m² | ¥251k/m² | ¥400k/m² |
| 2026 (partial) | ¥677k/m² | ¥304k/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.0M/m² | ¥420k/m² |
| 1 | ¥800k/m² | – |
| 5 | ¥825k/m² | – |
| 6 | ¥800k/m² | – |
| 7 | ¥850k/m² | – |
| 9 | ¥755k/m² | – |
| 11 | ¥750k/m² | – |
| 13 | ¥634k/m² | – |
| 14 | ¥690k/m² | – |
| 15 | ¥600k/m² | – |
| 16 | ¥600k/m² | – |
| 17 | ¥639k/m² | – |
| 18 | ¥628k/m² | – |
| 19 | ¥614k/m² | – |
| 32 | ¥373k/m² | – |
| 38 | ¥327k/m² | – |
| 41 | – | ¥160k/m² |
| 45 | ¥267k/m² | – |
| 48 | ¥223k/m² | – |
| 50 | ¥109k/m² | ¥168k/m² |
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
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2006 | – | ¥213k/m² | – | – |
| 2007 | – | ¥249k/m² | – | – |
| 2008 | – | – | ¥820k/m² | – |
| 2010 | – | ¥232k/m² | – | – |
| 2013 | – | ¥262k/m² | – | – |
| 2014 | – | – | ¥435k/m² | – |
| 2015 | ¥200k/m² | – | ¥408k/m² | – |
| 2016 | – | ¥267k/m² | ¥500k/m² | ¥850k/m² |
| 2017 | – | – | ¥435k/m² | – |
| 2018 | – | ¥270k/m² | ¥440k/m² | – |
| 2019 | – | ¥300k/m² | ¥573k/m² | – |
| 2020 | – | ¥314k/m² | ¥523k/m² | ¥850k/m² |
| 2021 | – | – | ¥631k/m² | ¥760k/m² |
| 2022 | – | – | ¥600k/m² | – |
| 2023 | – | – | ¥626k/m² | ¥775k/m² |
| 2024 | – | ¥377k/m² | ¥587k/m² | – |
| 2025 | – | ¥367k/m² | ¥640k/m² | ¥845k/m² |
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
| Year | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|
| 2006 | – | ¥356k/m² | – |
| 2007 | ¥186k/m² | – | – |
| 2009 | ¥180k/m² | – | – |
| 2011 | – | – | ¥345k/m² |
| 2012 | – | – | ¥343k/m² |
| 2013 | – | – | ¥333k/m² |
| 2019 | – | – | ¥362k/m² |
| 2024 | ¥180k/m² | – | – |
| 2025 | ¥232k/m² | – | – |
Prices near train stations in Minato Ward, Osaka City
Sales from 2023–2025, grouped by nearest station.
| Station | Median used condo price | Condo price per m² | Median house price (land + building) | Walk (min) | Sales |
|---|---|---|---|---|---|
| Bentencho (弁天町) | ¥19.0M | ¥700k/m² | ¥34.5M | 8 | 413 |
| Asashiobashi (朝潮橋) | ¥22.0M | ¥415k/m² | ¥30.0M | 8 | 175 |
| Osakako (大阪港) | ¥9.4M | ¥149k/m² | – | 3 | 36 |
Used condo prices by layout in Minato Ward, Osaka City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥17.0M | 20 m² | 158 |
| 3LDK | ¥32.0M | 70 m² | 88 |
| 2LDK | ¥32.5M | 65 m² | 44 |
| 3DK | ¥6.0M | 55 m² | 11 |
How much does an apartment cost in Minato Ward, Osaka City?
The median used condo (mansion) in Minato Ward, Osaka City sold for ¥20.0M in 2025, about ¥680k/m², based on 158 recorded sales.
How much does a house cost in Minato Ward, Osaka City?
The median house sale, including the land, was ¥38.0M in 2025 across 80 sales.
Are property prices in Minato Ward, Osaka City going up?
Over the five years to 2025, condo prices per m² changed +6.3%.
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.