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

Miyakojima 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
¥22.0M
¥750k/m² · +30.4% vs 2024
Median house price (land + building)
¥49.5M
Residential land per m² (sales)
¥430k/m²
+22.9% over 5 years
Transactions in 2025
318
#9 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 10.6% a year over the past five years, faster than the 4.5% 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.

Outperforming Osaka

Per m², condos here are 26% above the Osaka average. The premium has grown from 15% ten years ago, so Miyakojima Ward, Osaka City has been outperforming its surroundings.

Being near a station is worth a lot

Condos within a 5-minute walk of a station sell for about 84% more per m² than those 11–15 minutes away. If budget is tight, a longer walk is the quickest way to cut the price.

A market for singles and investors

42% 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 13% 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 ¥18.0M and ¥34.0M. Listings outside that range are either unusual properties or worth a closer look.

A growing population

The population grew 2.1% between 2020 and 2025 (−0.8% for the wider area). More people moved in than out in 2025, a net gain of about 7.9 per 1,000 residents, so demand for homes is being topped up by newcomers.

Typical vacancy

17% of homes were empty in 2023 (14.2% for the wider area), and 4.2% 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 28.4 years of the area's median rent (¥65k a month), compared with 31.7 years for the wider area. That is a middle-of-the-road ratio for Japan. Rents here cover all rented homes, so treat this as a rough guide.

High earthquake risk

The government's seismic model gives a 53% 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 +9% in the year to January 2026 and +30% 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, 100% are inside the worst-case flood zone (30% with expected depths of 3 m or more), 30% 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 Miyakojima Ward, Osaka City: people, homes and risks

Population 2025
110,124
+2.1% since 2020
Osaka: -0.8%
Net moves in 2025
+868
+7.88 per 1,000 residents
Osaka: +1.79
Vacant homes (2023)
17.0%
4.2% empty and not for rent or sale
Osaka: 14.2%
Median rent (2023)
¥65k
per month, all rented homes
Osaka: ¥58k
Strong earthquake risk
53.3%
chance of shaking of intensity 6-lower or more within 30 years
Osaka: 43.3%
Official land price 2026
¥386k/m²
+8.5% in a year · +30.4% in 5 years
Osaka: ¥145k/m²
Flood exposure
100.0%
of 10 benchmark sites in a worst-case flood zone (30.0% 3 m or deeper)
Osaka: 42.5%
Tsunami exposure
30.0%
of 10 benchmark sites in a tsunami inundation zone
Osaka: 10.2%
Landslide exposure
0.0%
of 10 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 Miyakojima 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

¥18.0M

¥900k/m²

  • Nakanocho
  • Kyobashi(Osaka) · 8 min walk
  • 1K · 20 m²
  • Built 2019 (7 yrs) · RC
Typical2026 Q1

¥22.0M

¥275k/m²

  • Tomobuchicho
  • Miyakojima · 15 min walk
  • 3LDK · 80 m²
  • Built 1983 (43 yrs) · RC
Higher-priced2025 Q4

¥39.0M

¥459k/m²

  • Tomobuchicho
  • Miyakojima · 10 min walk
  • 4LDK · 85 m²
  • Built 1983 (42 yrs) · SRC

House

Lower-priced2026 Q2

¥23.0M

¥271k/m²

  • Kemacho
  • Shirokita Koen Dori · 6 min walk
  • Land 55 m² · floor 85 m²
  • Built 1963 (63 yrs) · 木造、軽量鉄骨造
Typical2025 Q3

¥49.0M

¥467k/m²

  • Miyakojimaminamidoori
  • Kyobashi(Osaka) · 10 min walk
  • Land 60 m² · floor 105 m²
  • Built 2025 (0 yrs) · Wood
Higher-priced2025 Q3

¥210M

¥389k/m²

  • Higashinodamachi
  • Kyobashi(Osaka) · 3 min walk
  • Land 155 m² · floor 540 m²
  • Built 1983 (42 yrs) · Steel
Median transaction price by year
¥0¥20.0M¥40.0M¥60.0M20052008201120142017202020232026
Show data table
YearCondoHouse
2005¥18.5M¥38.0M
2006¥18.0M¥41.0M
2007¥18.0M¥38.0M
2008¥18.0M¥42.0M
2009¥18.0M¥37.0M
2010¥18.0M¥35.5M
2011¥18.0M¥37.0M
2012¥15.5M¥35.0M
2013¥19.0M¥35.0M
2014¥20.5M¥38.0M
2015¥20.0M¥34.0M
2016¥21.0M¥38.5M
2017¥22.0M¥39.5M
2018¥21.0M¥40.0M
2019¥22.0M¥33.5M
2020¥24.0M¥39.0M
2021¥22.0M¥41.0M
2022¥21.0M¥40.0M
2023¥20.5M¥40.0M
2024¥22.0M¥40.0M
2025¥22.0M¥49.5M
2026 (partial)¥23.0M–
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 49% 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¥200k¥400k¥600k¥800k20052008201120142017202020232026
Show data table
YearCondoHouseLand
2005¥267k/m²¥271k/m²–
2006¥249k/m²¥287k/m²¥360k/m²
2007¥289k/m²¥229k/m²–
2008¥280k/m²¥268k/m²–
2009¥244k/m²¥269k/m²–
2010¥267k/m²¥300k/m²–
2011¥269k/m²¥289k/m²–
2012¥250k/m²¥255k/m²¥290k/m²
2013¥283k/m²¥240k/m²¥295k/m²
2014¥315k/m²¥277k/m²¥260k/m²
2015¥325k/m²¥282k/m²¥290k/m²
2016¥363k/m²¥313k/m²–
2017¥388k/m²¥300k/m²¥250k/m²
2018¥368k/m²¥312k/m²–
2019¥400k/m²¥238k/m²¥370k/m²
2020¥400k/m²¥368k/m²¥350k/m²
2021¥443k/m²¥344k/m²¥330k/m²
2022¥477k/m²¥319k/m²–
2023¥605k/m²¥313k/m²¥390k/m²
2024¥575k/m²¥310k/m²¥460k/m²
2025¥750k/m²¥367k/m²¥430k/m²
2026 (partial)¥642k/m²––
Price per m² by building age (2021–2025 sales)How condos age here — In recent sales, condos lose about a quarter of their per-m² value by around 17 years old and half by around 30. Prices keep falling by roughly 3.4% a year even after 25 years, so older condos here are cheap for a reason. Check the repair fund and rebuild plans.
¥0¥500k¥1.0M¥1.5M05101520253035404550
Show data table
Building age (years)CondoHouse
0¥1.0M/m²¥473k/m²
1¥950k/m²–
2¥900k/m²–
3¥850k/m²–
4¥825k/m²–
5¥865k/m²–
6¥850k/m²–
7¥875k/m²–
8¥900k/m²–
9¥750k/m²–
10¥750k/m²–
11¥703k/m²–
12¥614k/m²–
13¥667k/m²–
14¥700k/m²–
15¥753k/m²–
16¥700k/m²–
17¥600k/m²–
18¥600k/m²–
19¥559k/m²–
20¥517k/m²–
21¥538k/m²–
22¥479k/m²–
23¥520k/m²–
24¥492k/m²–
25¥477k/m²–
26¥471k/m²–
27¥450k/m²–
28¥408k/m²–
29¥445k/m²–
30¥463k/m²–
31¥411k/m²–
32¥387k/m²–
33¥420k/m²–
34¥387k/m²–
35¥406k/m²–
36¥387k/m²–
37¥341k/m²–
38¥361k/m²–
39¥286k/m²–
40¥314k/m²–
41¥275k/m²–
42¥249k/m²–
43¥320k/m²–
44–¥136k/m²
48¥330k/m²–
49¥236k/m²–
50¥220k/m²¥209k/m²
Condo price per m² by construction period
¥0¥500k¥1.0M20052008201120142017202020232026

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–¥267k/m²––
2006–¥257k/m²––
2007–¥267k/m²¥733k/m²–
2008–¥275k/m²––
2009–¥240k/m²¥382k/m²–
2010–¥243k/m²¥425k/m²–
2011–¥260k/m²¥415k/m²–
2012–¥243k/m²––
2013–¥253k/m²¥400k/m²–
2014–¥288k/m²¥400k/m²–
2015–¥286k/m²¥462k/m²–
2016–¥293k/m²¥475k/m²–
2017–¥329k/m²¥459k/m²¥767k/m²
2018–¥316k/m²¥477k/m²–
2019–¥314k/m²¥508k/m²¥688k/m²
2020¥260k/m²¥333k/m²¥543k/m²¥674k/m²
2021¥188k/m²¥354k/m²¥571k/m²¥703k/m²
2022–¥350k/m²¥600k/m²¥764k/m²
2023¥272k/m²¥422k/m²¥643k/m²¥800k/m²
2024–¥400k/m²¥620k/m²¥900k/m²
2025–¥406k/m²¥731k/m²¥900k/m²
2026 (partial)–¥413k/m²–¥950k/m²
House price per m² by construction period
¥0¥100k¥200k¥300k¥400k200620082010201220142016

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
Year1981-20002001-20102011-2020
2006–¥352k/m²–
2009–¥376k/m²–
2010–¥350k/m²–
2011––¥370k/m²
2012––¥357k/m²
2013¥183k/m²––
2017––¥378k/m²

Prices near train stations in Miyakojima 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
Miyakojima (都島)¥29.0M¥525k/m²¥46.5M9293
Kyobashi(Osaka) (京橋(大阪))¥19.0M¥850k/m²¥49.0M8198
Shirokita Koen Dori (城北公園通)¥24.5M¥362k/m²¥38.0M8111
Noe Uchindai (野江内代)¥23.0M¥500k/m²¥36.0M796
Sakuranomiya (桜ノ宮)¥29.0M¥720k/m²¥60.0M488
Osakajokitazume (大阪城北詰)¥17.5M¥850k/m²–371

Used condo prices by layout in Miyakojima Ward, Osaka City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
1K¥18.0M20 m²237
3LDK¥33.0M70 m²201
2LDK¥27.0M60 m²78
1LDK¥29.0M45 m²27
4LDK¥40.0M85 m²23
1DK¥25.5M25 m²12

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

The median used condo (mansion) in Miyakojima Ward, Osaka City sold for ¥22.0M in 2025, about ¥750k/m², based on 237 recorded sales.

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

The median house sale, including the land, was ¥49.5M in 2025 across 56 sales.

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

Over the five years to 2025, condo prices per m² changed +87.5% and residential land prices changed +22.9%.

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.