Nishinari 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
- ¥320k/m²
- Median house price (land + building)
- ¥27.5M
- Residential land per m² (sales)
- ¥270k/m²
- +68.8% over 5 years
- Transactions in 2025
- 204
- #37 of 68 areas in Osaka by price per m²
What the data says
Steady, predictable growth
House prices per m² have climbed about 7.1% a year, roughly in line with the previous five years. There is no sign of overheating or a sudden slowdown.
Outperforming Osaka
Per m², houses here are 6% above the Osaka average. The premium has grown from 45% ten years ago, so Nishinari Ward, Osaka City has been outperforming its surroundings.
Being near a station is worth a lot
Houses within a 5-minute walk of a station sell for about 38% 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 family market
53% 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 house sales last year were between ¥12.0M and ¥47.5M. Listings outside that range are either unusual properties or worth a closer look.
A shrinking population
The population fell 0.7% between 2020 and 2025 (−0.8% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 4.6% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.
Typical vacancy
25.9% of homes were empty in 2023 (14.2% for the wider area), and 6.5% were empty without being for rent, for sale or used as second homes. The level of abandoned homes is around the national norm.
Moderate earthquake risk
The government's seismic model gives a 34% chance of shaking of intensity 6-lower or stronger in the next 30 years (43% for the wider area). Post-1981 buildings are designed for this level of shaking, but check ground conditions and 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 +8% in the year to January 2026 and +21% 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, 70% are inside the worst-case flood zone, 50% 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 Nishinari Ward, Osaka City: people, homes and risks
- Population 2025
- 105,419
- -0.7% since 2020
- Osaka: -0.8%
- Net moves in 2025
- -78
- -0.74 per 1,000 residents
- Osaka: +1.79
- Vacant homes (2023)
- 25.9%
- 6.5% empty and not for rent or sale
- Osaka: 14.2%
- Median rent (2023)
- ¥50k
- per month, all rented homes
- Osaka: ¥58k
- Strong earthquake risk
- 33.8%
- chance of shaking of intensity 6-lower or more within 30 years
- Osaka: 43.3%
- Official land price 2026
- ¥221k/m²
- +7.9% in a year · +21.3% in 5 years
- Osaka: ¥145k/m²
- Flood exposure
- 70.0%
- of 10 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Osaka: 42.5%
- Tsunami exposure
- 50.0%
- 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 Nishinari 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
¥12.0M
¥185k/m²
- Tamadenishi
- Tamade(Osaka) · 5 min walk
- 3LDK · 65 m²
- Built 1980 (45 yrs) · SRC
¥15.0M
¥375k/m²
- Hanazonokita
- Hanazonocho · 1 min walk
- 2LDK · 40 m²
- Built 1985 (40 yrs) · SRC
¥24.0M
¥960k/m²
- Sembonnaka
- Kishinosato · 1 min walk
- 1LDK · 25 m²
- Built 2025 (0 yrs) · RC
House
¥10.0M
¥105k/m²
- Minamitsumori
- Kishinosato · 18 min walk
- Land 75 m² · floor 95 m²
- Built 1976 (50 yrs) · Wood
¥30.0M
¥250k/m²
- Kishinosatohigashi
- Tengachaya · 7 min walk
- Land 60 m² · floor 120 m²
- Built 1989 (37 yrs) · Steel
¥60.0M
¥154k/m²
- Bainan
- Hanazonocho · 7 min walk
- Land 195 m² · floor 390 m²
- Built 1970 (56 yrs) · Steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | – | ¥19.0M |
| 2006 | – | ¥28.0M |
| 2007 | – | ¥26.0M |
| 2008 | – | ¥19.5M |
| 2009 | – | ¥12.0M |
| 2010 | ¥12.0M | ¥13.0M |
| 2011 | ¥8.0M | ¥16.0M |
| 2012 | ¥11.0M | ¥15.5M |
| 2013 | ¥10.0M | ¥15.0M |
| 2014 | ¥13.5M | ¥20.0M |
| 2015 | ¥13.0M | ¥17.0M |
| 2016 | – | ¥18.0M |
| 2017 | – | ¥17.5M |
| 2018 | ¥15.0M | ¥12.0M |
| 2019 | – | ¥22.0M |
| 2020 | ¥15.0M | ¥22.0M |
| 2021 | ¥18.0M | ¥19.0M |
| 2022 | ¥17.0M | ¥28.0M |
| 2023 | ¥18.5M | ¥25.0M |
| 2024 | ¥18.0M | ¥24.0M |
| 2025 | ¥20.0M | ¥27.5M |
| 2026 (partial) | – | ¥20.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | – | ¥158k/m² | ¥180k/m² |
| 2006 | – | ¥217k/m² | ¥195k/m² |
| 2007 | – | ¥183k/m² | ¥160k/m² |
| 2008 | – | ¥185k/m² | – |
| 2009 | – | ¥137k/m² | ¥155k/m² |
| 2010 | ¥200k/m² | ¥120k/m² | ¥120k/m² |
| 2011 | ¥176k/m² | ¥148k/m² | ¥120k/m² |
| 2012 | ¥183k/m² | ¥132k/m² | ¥120k/m² |
| 2013 | ¥167k/m² | ¥150k/m² | ¥130k/m² |
| 2014 | ¥236k/m² | ¥125k/m² | ¥130k/m² |
| 2015 | ¥217k/m² | ¥107k/m² | ¥135k/m² |
| 2016 | – | ¥139k/m² | ¥110k/m² |
| 2017 | – | ¥135k/m² | ¥130k/m² |
| 2018 | ¥279k/m² | ¥120k/m² | ¥130k/m² |
| 2019 | – | ¥177k/m² | ¥170k/m² |
| 2020 | ¥213k/m² | ¥166k/m² | ¥160k/m² |
| 2021 | ¥300k/m² | ¥150k/m² | ¥190k/m² |
| 2022 | ¥295k/m² | ¥217k/m² | ¥200k/m² |
| 2023 | ¥319k/m² | ¥200k/m² | ¥230k/m² |
| 2024 | ¥317k/m² | ¥219k/m² | ¥320k/m² |
| 2025 | ¥320k/m² | ¥264k/m² | ¥270k/m² |
| 2026 (partial) | – | ¥177k/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥350k/m² |
| 2 | – | ¥415k/m² |
| 17 | – | ¥265k/m² |
| 30 | – | ¥290k/m² |
| 32 | – | ¥221k/m² |
| 33 | – | ¥190k/m² |
| 35 | – | ¥169k/m² |
| 39 | ¥320k/m² | – |
| 42 | – | ¥128k/m² |
| 49 | – | ¥155k/m² |
| 50 | – | ¥117k/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 | – | ¥120k/m² | ¥300k/m² | – |
| 2007 | – | – | ¥305k/m² | – |
| 2009 | – | – | ¥265k/m² | – |
| 2010 | ¥86k/m² | – | ¥293k/m² | – |
| 2011 | – | ¥138k/m² | – | ¥274k/m² |
| 2012 | ¥79k/m² | ¥128k/m² | – | ¥268k/m² |
| 2013 | – | ¥115k/m² | – | ¥264k/m² |
| 2014 | ¥88k/m² | ¥110k/m² | – | ¥277k/m² |
| 2015 | ¥76k/m² | ¥133k/m² | – | – |
| 2016 | – | ¥115k/m² | – | ¥278k/m² |
| 2017 | ¥88k/m² | ¥135k/m² | – | ¥305k/m² |
| 2018 | – | ¥120k/m² | – | ¥294k/m² |
| 2019 | – | ¥152k/m² | – | ¥304k/m² |
| 2020 | – | ¥115k/m² | – | ¥293k/m² |
| 2021 | – | ¥115k/m² | – | – |
| 2022 | – | ¥183k/m² | – | – |
| 2023 | – | ¥152k/m² | – | – |
| 2024 | ¥129k/m² | ¥185k/m² | – | – |
| 2025 | – | ¥229k/m² | – | – |
Prices near train stations in Nishinari 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 |
|---|---|---|---|---|---|
| Hanazonocho (花園町) | ¥14.5M | ¥263k/m² | ¥21.0M | 6 | 123 |
| Kishinosato (岸里) | ¥21.0M | ¥400k/m² | ¥16.5M | 8 | 117 |
| Tengachaya (天下茶屋) | ¥16.0M | ¥317k/m² | ¥30.0M | 8 | 103 |
| Kishinosato Tamade (岸里玉出) | ¥19.5M | ¥315k/m² | ¥25.0M | 3 | 51 |
| Tamade(Osaka) (玉出) | ¥12.0M | ¥268k/m² | ¥44.0M | 5 | 41 |
| Dobutsuen Mae (動物園前) | – | – | ¥26.5M | 5 | 28 |
| Nishi Tengachaya (西天下茶屋) | – | – | ¥11.0M | 4 | 27 |
| Imamiya (今宮) | – | – | ¥52.0M | 4 | 21 |
| Haginochaya (萩ノ茶屋) | – | – | ¥30.0M | 3 | 11 |
| Kitakagaya (北加賀屋) | – | – | ¥37.0M | 8 | 11 |
| Tsumori (津守) | – | – | ¥13.5M | 6 | 10 |
Used condo prices by layout in Nishinari Ward, Osaka City
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥19.0M | 65 m² | 40 |
| 2LDK | ¥21.0M | 57.5 m² | 12 |
| 1K | ¥19.0M | 20 m² | 11 |
How much does an apartment cost in Nishinari Ward, Osaka City?
The median used condo (mansion) in Nishinari Ward, Osaka City sold for ¥20.0M in 2025, about ¥320k/m², based on 23 recorded sales.
How much does a house cost in Nishinari Ward, Osaka City?
The median house sale, including the land, was ¥27.5M in 2025 across 146 sales.
Are property prices in Nishinari Ward, Osaka City going up?
Over the five years to 2025, condo prices per m² changed +50.0% and residential land prices changed +68.8%.
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.