Tochigi Housing Market 2025: Utsunomiya's Light Rail Lift
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥15.0M
- ¥246k/m²
- Median house price (land + building)
- ¥19.0M
- +5.6% vs 2024
- Residential land per m² (sales)
- ¥20k/m²
- +17.6% over 5 years
- Transactions in 2025
- 3,956
- #27 of 47 areas in Japan by price per m²
Utsunomiya is the story
Tochigi's condo prices per m² accelerated to almost 5% a year over the last five years, and that growth is almost entirely in Utsunomiya, where condo prices per m² are up about 54%. Utsunomiya opened Japan's first all-new light rail line in decades in 2023, and it is a Shinkansen stop about 50 minutes from Tokyo, which attracts some long-distance commuters.
Land is still falling
On the government's fixed benchmark sites, Tochigi's residential land fell about 2% over five years and 6% over ten, and is half its 1991 level. Higher transaction prices reflect condo demand in Utsunomiya, not rising land values across the prefecture.
Population and vacancy
Tochigi's population fell 3.5% between 2020 and 2025, while households grew 2.4%. Vacancy is high (16.9%), partly because of second homes in Nasu and Nikko: about 19,000 homes are second homes, one of the largest numbers outside the big cities.
Houses vs condos
A decade ago houses cost about 90% as much per m² as condos; now they cost about 60%, as condo prices in Utsunomiya pulled ahead.
Hazards
Tochigi's earthquake risk is moderate (about 17% chance of 6-lower shaking in 30 years). Flood exposure is mostly shallow; the 2015 and 2019 floods mainly affected the south.
Living in Tochigi: people, homes and risks
- Population 2025
- 1,864,833
- -3.5% since 2020
- Japan: -2.5%
- Net moves in 2025
- -2,011
- -1.08 per 1,000 residents
- Vacant homes (2023)
- 16.9%
- 6.6% empty and not for rent or sale
- Japan: 13.8%
- Median rent (2023)
- ¥48k
- per month, all rented homes
- Japan: ¥57k
- Strong earthquake risk
- 16.5%
- chance of shaking of intensity 6-lower or more within 30 years
- Japan: 38.4%
- Official land price 2026
- ¥29k/m²
- -0.2% in a year · -2.1% in 5 years
- Japan: ¥74k/m²
- Flood exposure
- 31.1%
- of 438 benchmark sites in a worst-case flood zone (4.8% 3 m or deeper)
- Japan: 42.6%
- Landslide exposure
- 0.7%
- of 438 benchmark sites in a landslide warning area
- Japan: 2.6%
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 Tochigi
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
¥3.7M
¥247k/m²
- Ichibancho, Utsunomiya City
- Utsunomiya · 11 min walk
- 1K · 15 m²
- Built 1988 (37 yrs) · SRC
¥14.0M
¥233k/m²
- Imaizumicho, Utsunomiya City
- Utsunomiya · 20 min walk
- 3LDK · 60 m²
- Built 1995 (31 yrs) · SRC
¥28.0M
¥431k/m²
- Ishiimachi, Utsunomiya City
- Utsunomiya Daigaku Yoto Campus · 16 min walk
- 3LDK · 65 m²
- Built 2001 (24 yrs) · RC
House
¥5.5M
¥50k/m²
- Ryubukucho, Utsunomiya City
- Okamoto(Tochigi)
- Land 210 m² · floor 110 m²
- Built 1990 (36 yrs) · Light steel
¥18.0M
¥106k/m²
- Kawamatacho, Utsunomiya City
- Okamoto(Tochigi)
- Land 420 m² · floor 170 m²
- Built 2010 (16 yrs) · Wood
¥32.0M
¥320k/m²
- Kawadamachi, Utsunomiya City
- Minami Utsunomiya
- Land 240 m² · floor 100 m²
- Built 2025 (1 yrs)
Show data table
| Year | Condo | House |
|---|---|---|
| 2006 | – | – |
| 2007 | ¥12.0M | ¥18.5M |
| 2008 | ¥12.0M | ¥18.0M |
| 2009 | ¥12.0M | ¥18.0M |
| 2010 | ¥16.0M | ¥18.0M |
| 2011 | ¥9.0M | ¥16.0M |
| 2012 | ¥9.5M | ¥18.0M |
| 2013 | ¥9.8M | ¥19.0M |
| 2014 | ¥11.0M | ¥18.0M |
| 2015 | ¥9.8M | ¥19.0M |
| 2016 | ¥9.7M | ¥19.0M |
| 2017 | ¥11.5M | ¥19.0M |
| 2018 | ¥13.0M | ¥18.0M |
| 2019 | ¥13.0M | ¥18.0M |
| 2020 | ¥10.0M | ¥17.0M |
| 2021 | ¥12.0M | ¥18.0M |
| 2022 | ¥12.0M | ¥18.0M |
| 2023 | ¥16.0M | ¥16.0M |
| 2024 | ¥13.0M | ¥17.0M |
| 2025 | ¥15.0M | ¥19.0M |
| 2026 (partial) | ¥14.0M | ¥17.0M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2006 | – | – | ¥44k/m² |
| 2007 | ¥200k/m² | ¥152k/m² | ¥22k/m² |
| 2008 | ¥185k/m² | ¥144k/m² | ¥24k/m² |
| 2009 | ¥186k/m² | ¥142k/m² | ¥23k/m² |
| 2010 | ¥233k/m² | ¥144k/m² | ¥24k/m² |
| 2011 | ¥147k/m² | ¥128k/m² | ¥22k/m² |
| 2012 | ¥153k/m² | ¥144k/m² | ¥23k/m² |
| 2013 | ¥160k/m² | ¥150k/m² | ¥21k/m² |
| 2014 | ¥172k/m² | ¥137k/m² | ¥20k/m² |
| 2015 | ¥162k/m² | ¥152k/m² | ¥19k/m² |
| 2016 | ¥148k/m² | ¥152k/m² | ¥20k/m² |
| 2017 | ¥185k/m² | ¥157k/m² | ¥20k/m² |
| 2018 | ¥196k/m² | ¥153k/m² | ¥20k/m² |
| 2019 | ¥213k/m² | ¥144k/m² | ¥18k/m² |
| 2020 | ¥162k/m² | ¥145k/m² | ¥17k/m² |
| 2021 | ¥187k/m² | ¥152k/m² | ¥15k/m² |
| 2022 | ¥185k/m² | ¥145k/m² | ¥18k/m² |
| 2023 | ¥255k/m² | ¥124k/m² | ¥18k/m² |
| 2024 | ¥227k/m² | ¥129k/m² | ¥21k/m² |
| 2025 | ¥246k/m² | ¥136k/m² | ¥20k/m² |
| 2026 (partial) | ¥216k/m² | ¥125k/m² | ¥21k/m² |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥544k/m² | ¥260k/m² |
| 1 | ¥535k/m² | ¥238k/m² |
| 2 | ¥507k/m² | ¥241k/m² |
| 3 | ¥500k/m² | ¥267k/m² |
| 4 | ¥520k/m² | ¥209k/m² |
| 5 | – | ¥208k/m² |
| 6 | – | ¥200k/m² |
| 7 | – | ¥217k/m² |
| 8 | – | ¥191k/m² |
| 9 | – | ¥211k/m² |
| 10 | ¥425k/m² | ¥188k/m² |
| 11 | – | ¥200k/m² |
| 12 | ¥346k/m² | ¥179k/m² |
| 13 | ¥318k/m² | ¥161k/m² |
| 14 | ¥314k/m² | ¥170k/m² |
| 15 | ¥314k/m² | ¥154k/m² |
| 16 | ¥320k/m² | ¥139k/m² |
| 17 | ¥293k/m² | ¥154k/m² |
| 18 | ¥314k/m² | ¥133k/m² |
| 19 | ¥281k/m² | ¥124k/m² |
| 20 | ¥294k/m² | ¥124k/m² |
| 21 | – | ¥117k/m² |
| 22 | ¥259k/m² | ¥108k/m² |
| 23 | ¥341k/m² | ¥107k/m² |
| 24 | ¥266k/m² | ¥94k/m² |
| 25 | ¥238k/m² | ¥100k/m² |
| 26 | ¥120k/m² | ¥93k/m² |
| 27 | ¥133k/m² | ¥87k/m² |
| 28 | ¥136k/m² | ¥94k/m² |
| 29 | ¥82k/m² | ¥77k/m² |
| 30 | ¥133k/m² | ¥71k/m² |
| 31 | ¥160k/m² | ¥81k/m² |
| 32 | ¥131k/m² | ¥74k/m² |
| 33 | ¥130k/m² | ¥82k/m² |
| 34 | ¥124k/m² | ¥74k/m² |
| 35 | ¥134k/m² | ¥69k/m² |
| 36 | ¥120k/m² | ¥78k/m² |
| 37 | ¥133k/m² | ¥74k/m² |
| 38 | – | ¥60k/m² |
| 39 | – | ¥70k/m² |
| 40 | – | ¥62k/m² |
| 41 | – | ¥55k/m² |
| 42 | – | ¥53k/m² |
| 43 | – | ¥55k/m² |
| 44 | – | ¥56k/m² |
| 45 | – | ¥45k/m² |
| 46 | – | ¥54k/m² |
| 47 | – | ¥53k/m² |
| 48 | – | ¥41k/m² |
| 49 | – | ¥42k/m² |
| 50 | – | ¥37k/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 |
|---|---|---|---|
| 2007 | ¥167k/m² | ¥329k/m² | – |
| 2008 | ¥167k/m² | ¥348k/m² | – |
| 2009 | ¥133k/m² | ¥253k/m² | – |
| 2010 | ¥129k/m² | ¥443k/m² | – |
| 2011 | ¥113k/m² | ¥285k/m² | – |
| 2012 | ¥127k/m² | ¥292k/m² | ¥450k/m² |
| 2013 | ¥143k/m² | ¥259k/m² | – |
| 2014 | ¥138k/m² | ¥284k/m² | – |
| 2015 | ¥130k/m² | ¥277k/m² | – |
| 2016 | ¥128k/m² | ¥277k/m² | – |
| 2017 | ¥133k/m² | ¥300k/m² | – |
| 2018 | ¥141k/m² | ¥286k/m² | – |
| 2019 | ¥132k/m² | ¥300k/m² | – |
| 2020 | ¥142k/m² | ¥292k/m² | – |
| 2021 | ¥130k/m² | ¥307k/m² | – |
| 2022 | ¥125k/m² | ¥303k/m² | – |
| 2023 | ¥146k/m² | ¥292k/m² | – |
| 2024 | ¥150k/m² | ¥293k/m² | – |
| 2025 | ¥157k/m² | ¥329k/m² | – |
| 2026 (partial) | ¥127k/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 |
|---|---|---|---|---|
| 2007 | ¥84k/m² | ¥117k/m² | ¥223k/m² | – |
| 2008 | ¥89k/m² | ¥103k/m² | ¥227k/m² | – |
| 2009 | ¥64k/m² | ¥93k/m² | ¥229k/m² | – |
| 2010 | ¥66k/m² | ¥91k/m² | ¥219k/m² | ¥239k/m² |
| 2011 | ¥70k/m² | ¥86k/m² | ¥179k/m² | ¥229k/m² |
| 2012 | ¥68k/m² | ¥86k/m² | ¥146k/m² | ¥226k/m² |
| 2013 | ¥57k/m² | ¥86k/m² | ¥142k/m² | ¥226k/m² |
| 2014 | ¥65k/m² | ¥86k/m² | ¥144k/m² | ¥226k/m² |
| 2015 | ¥53k/m² | ¥83k/m² | ¥141k/m² | ¥227k/m² |
| 2016 | ¥52k/m² | ¥78k/m² | ¥148k/m² | ¥226k/m² |
| 2017 | ¥52k/m² | ¥80k/m² | ¥144k/m² | ¥226k/m² |
| 2018 | ¥49k/m² | ¥76k/m² | ¥141k/m² | ¥226k/m² |
| 2019 | ¥53k/m² | ¥74k/m² | ¥133k/m² | ¥226k/m² |
| 2020 | ¥48k/m² | ¥73k/m² | ¥136k/m² | ¥226k/m² |
| 2021 | ¥52k/m² | ¥74k/m² | ¥128k/m² | ¥211k/m² |
| 2022 | ¥52k/m² | ¥79k/m² | ¥143k/m² | ¥200k/m² |
| 2023 | ¥41k/m² | ¥76k/m² | ¥136k/m² | ¥192k/m² |
| 2024 | ¥44k/m² | ¥79k/m² | ¥139k/m² | ¥209k/m² |
| 2025 | ¥47k/m² | ¥80k/m² | ¥130k/m² | ¥210k/m² |
| 2026 (partial) | ¥40k/m² | ¥77k/m² | ¥130k/m² | ¥208k/m² |
Prices by area in Tochigi
Median prices for 2025. Sorted by condo price per m² (or house price per m² where there are few condo sales).
| Area | Condo price per m² | Median used condo price | Median house price (land + building) | Residential land per m² (sales) | Condo 5-yr change |
|---|---|---|---|---|---|
| Utsunomiya City | ¥280k/m² | ¥19.0M | ¥28.0M | ¥61k/m² | +54.0% |
| Shimotsuke City | – | – | ¥30.0M | ¥19k/m² | – |
| Oyama City | ¥244k/m² | ¥15.5M | ¥26.0M | ¥29k/m² | +16.5% |
| Takanezawa Town, Shioya County | – | – | ¥25.0M | ¥37k/m² | – |
| Mooka City | – | – | ¥20.5M | ¥11k/m² | – |
| Kaminokawa Town, Kawachi County | – | – | ¥18.0M | ¥20k/m² | – |
| Mibu Town, Shimotsuga County | – | – | ¥15.5M | ¥32k/m² | – |
| Otawara City | – | – | ¥19.0M | ¥14k/m² | – |
| Kanuma City | – | – | ¥20.0M | ¥15k/m² | – |
| Sakura City | – | – | ¥19.0M | ¥19k/m² | – |
| Sano City | – | – | ¥16.0M | ¥18k/m² | – |
| Nogi Town, Shimotsuga County | – | – | ¥20.0M | ¥21k/m² | – |
| Nasushiobara City | – | – | ¥13.0M | ¥11k/m² | – |
| Tochigi City | – | – | ¥11.0M | ¥14k/m² | – |
| Nasu Town, Nasu County | – | – | ¥7.0M | ¥3k/m² | – |
| Ashikaga City | – | – | ¥11.0M | ¥18k/m² | – |
| Nikko City | – | – | ¥6.8M | ¥9k/m² | – |
Prices near train stations in Tochigi
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 |
|---|---|---|---|---|---|
| Utsunomiya (宇都宮) | ¥20.0M | ¥293k/m² | ¥29.0M | 13 | 665 |
| Oyama(Tochigi) (小山) | ¥12.0M | ¥192k/m² | ¥26.0M | 19 | 530 |
| Tobu Utsunomiya (東武宇都宮) | ¥16.0M | ¥255k/m² | ¥25.0M | 19 | 481 |
| Kuroiso (黒磯) | – | – | ¥8.8M | 14 | 395 |
| Nishi Nasuno (西那須野) | ¥2.9M | ¥71k/m² | ¥14.0M | 19 | 383 |
| Ashikaga (足利) | ¥6.0M | ¥90k/m² | ¥8.3M | 18 | 163 |
| Suzumenomiya (雀宮) | – | – | ¥24.0M | 19 | 158 |
| Ujiie (氏家) | – | – | ¥24.0M | 15 | 134 |
| Kanuma (鹿沼) | – | – | ¥17.5M | 21 | 128 |
| Mamada (間々田) | – | – | ¥23.0M | 15 | 123 |
| Moka (真岡) | – | – | ¥20.0M | 16 | 122 |
| Shin Tochigi (新栃木) | – | – | ¥15.0M | 14 | 113 |
| Sanoshi (佐野市) | – | – | ¥19.0M | 14 | 111 |
| Okamoto(Tochigi) (岡本(栃木)) | – | – | ¥23.5M | 18 | 108 |
| Koganei (小金井) | – | – | ¥22.5M | 15 | 98 |
Used condo prices by layout in Tochigi
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 3LDK | ¥21.0M | 70 m² | 220 |
| 2LDK | ¥13.5M | 60 m² | 82 |
| 1LDK | ¥3.8M | 45 m² | 31 |
| 1K | ¥2.4M | 20 m² | 30 |
| 4LDK | ¥22.0M | 77.5 m² | 28 |
| 2DK | ¥5.5M | 45 m² | 18 |
| 1DK | ¥2.2M | 30 m² | 14 |
How much does an apartment cost in Tochigi?
The median used condo (mansion) in Tochigi sold for ¥15.0M in 2025, about ¥246k/m², based on 149 recorded sales.
How much does a house cost in Tochigi?
The median house sale, including the land, was ¥19.0M in 2025 across 1892 sales.
Are property prices in Tochigi going up?
Over the five years to 2025, condo prices per m² changed +51.7% and residential land prices changed +17.6%.
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.