Chiyoda Ward Housing Market 2025: A Tiny, Thin Market at the Top of Tokyo
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥50.0M
- ¥1.6M/m² · +13.6% vs 2024
- Median house price (land + building)
- ¥530M
- Transactions in 2025
- 316
- #2 of 50 areas in Tokyo by price per m²
Few homes, very high prices
Chiyoda is the political and business heart of Tokyo, home to only about 66,000 people. It is joint second with Chuo among the 23 wards for the price per m² of a used condo, behind Minato, at about ¥1.6M per m² in 2025. That is about 1.5 times the Tokyo average. Only about 300 homes change hands each year, so a few luxury sales can move the median a lot.
Rising steadily, but not accelerating
Condo prices per m² have risen about 5% a year for the past five years, about the same pace as the five years before. On the government's benchmark sites, residential land rose 10.7% in the past year and 61% over ten years.
A ward that is not growing
Chiyoda's population fell 0.7% between 2020 and 2025, one of only three wards to shrink (with Shibuya and Meguro), while Tokyo grew 1.4%. The buyers are investors and companies more than new residents: almost half of condo sales are studios or 1K units, and the most traded unit is a 20 m² 1K at around ¥29M.
Newer is worth much more
Condos lose value fast with age here. Half the price is gone by about 40 years old, and pre-1981 condos sell at a deep discount to newer ones. The gap between the cheapest and most expensive quarter of sales is huge (about ¥31M against ¥160M), so the median says little about any one flat.
Rents and risks
A median condo costs about 33 years of the ward's median rent, a better ratio than the Tokyo average. Chiyoda is on high ground near the palace, and none of its benchmark sites are in deep flood zones. Two Urgent Urban Renewal Areas, Central Tokyo and Akihabara–Kanda, cover much of the ward.
Living in Chiyoda Ward: people, homes and risks
- Population 2025
- 66,199
- -0.7% since 2020
- Tokyo: +1.4%
- Net moves in 2025
- -51
- -0.77 per 1,000 residents
- Tokyo: +4.58
- Vacant homes (2023)
- 12.6%
- 1.4% empty and not for rent or sale
- Tokyo: 10.9%
- Median rent (2023)
- ¥128k
- per month, all rented homes
- Tokyo: ¥78k
- Strong earthquake risk
- 54.4%
- chance of shaking of intensity 6-lower or more within 30 years
- Tokyo: 52.8%
- Official land price 2026
- ¥4.1M/m²
- +10.7% in a year · +37.7% in 5 years
- Tokyo: ¥407k/m²
- Flood exposure
- 44.1%
- of 59 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Tokyo: 42.5%
- Landslide exposure
- 1.7%
- of 59 benchmark sites in a landslide warning area
- Tokyo: 0.8%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Central Tokyo and Waterfront · 2043 ha · designated 2002 · Specified zone (highest priority)
- Akihabara and Kanda · 157 ha · designated 2002
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 Chiyoda Ward
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
¥30.0M
¥1.5M/m²
- Kandaizumicho
- Akihabara · 3 min walk
- 1K · 20 m²
- Built 2005 (21 yrs) · RC
¥60.0M
¥1.5M/m²
- Kandasakumacho
- Akihabara · 6 min walk
- 1LDK · 40 m²
- Built 2008 (18 yrs) · RC
¥220M
¥3.4M/m²
- Kandajimbocho
- Jimbocho · 0 min walk
- 2LDK · 65 m²
- Built 2003 (23 yrs) · SRC
House
¥250M
¥1.0M/m²
- Iidabashi
- Iidabashi · 4 min walk
- Land 75 m² · floor 240 m²
- Built 1986 (39 yrs) · Steel
¥530M
¥2.0M/m²
- Kandatsukasamachi
- Awajicho · 3 min walk
- Land 50 m² · floor 260 m²
- Built 2020 (5 yrs) · Steel
¥1.70B
¥1.4M/m²
- Hirakawacho
- Hanzomon · 4 min walk
- Land 185 m² · floor 1200 m²
- Built 1984 (42 yrs) · SRC
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥22.0M | ¥240M |
| 2006 | ¥24.0M | ¥220M |
| 2007 | ¥28.0M | ¥225M |
| 2008 | ¥22.5M | ¥320M |
| 2009 | ¥27.0M | ¥180M |
| 2010 | ¥23.0M | ¥315M |
| 2011 | ¥27.5M | ¥190M |
| 2012 | ¥22.0M | ¥190M |
| 2013 | ¥23.0M | ¥300M |
| 2014 | ¥24.0M | ¥285M |
| 2015 | ¥23.0M | ¥250M |
| 2016 | ¥28.0M | ¥255M |
| 2017 | ¥29.5M | ¥340M |
| 2018 | ¥30.0M | ¥380M |
| 2019 | ¥32.0M | ¥305M |
| 2020 | ¥34.0M | ¥340M |
| 2021 | ¥40.0M | ¥430M |
| 2022 | ¥39.5M | ¥460M |
| 2023 | ¥43.0M | ¥550M |
| 2024 | ¥48.5M | ¥525M |
| 2025 | ¥50.0M | ¥530M |
| 2026 (partial) | ¥87.0M | – |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥1.0M/m² | ¥469k/m² | – |
| 2006 | ¥800k/m² | ¥542k/m² | ¥1.5M/m² |
| 2007 | ¥856k/m² | ¥667k/m² | ¥2.0M/m² |
| 2008 | ¥867k/m² | ¥593k/m² | – |
| 2009 | ¥780k/m² | ¥467k/m² | – |
| 2010 | ¥800k/m² | ¥550k/m² | ¥1.3M/m² |
| 2011 | ¥800k/m² | ¥542k/m² | ¥1.0M/m² |
| 2012 | ¥800k/m² | ¥411k/m² | – |
| 2013 | ¥825k/m² | ¥469k/m² | ¥1.7M/m² |
| 2014 | ¥950k/m² | ¥562k/m² | – |
| 2015 | ¥1.0M/m² | ¥551k/m² | – |
| 2016 | ¥1.1M/m² | ¥667k/m² | – |
| 2017 | ¥1.1M/m² | ¥880k/m² | – |
| 2018 | ¥1.1M/m² | ¥897k/m² | – |
| 2019 | ¥1.2M/m² | ¥789k/m² | – |
| 2020 | ¥1.2M/m² | ¥1.1M/m² | ¥2.9M/m² |
| 2021 | ¥1.3M/m² | ¥966k/m² | – |
| 2022 | ¥1.3M/m² | ¥1.1M/m² | – |
| 2023 | ¥1.3M/m² | ¥1.2M/m² | – |
| 2024 | ¥1.5M/m² | ¥1.2M/m² | – |
| 2025 | ¥1.6M/m² | ¥1.5M/m² | – |
| 2026 (partial) | ¥1.9M/m² | – | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | – | ¥1.8M/m² |
| 1 | ¥2.4M/m² | – |
| 2 | ¥2.3M/m² | – |
| 3 | ¥1.6M/m² | – |
| 4 | ¥1.8M/m² | – |
| 5 | ¥2.2M/m² | – |
| 6 | ¥1.5M/m² | – |
| 7 | ¥2.0M/m² | – |
| 8 | ¥1.6M/m² | – |
| 9 | ¥1.5M/m² | – |
| 10 | ¥1.5M/m² | – |
| 11 | ¥1.6M/m² | – |
| 12 | ¥1.5M/m² | – |
| 13 | ¥1.4M/m² | – |
| 14 | ¥1.3M/m² | – |
| 15 | ¥1.4M/m² | – |
| 16 | ¥1.3M/m² | – |
| 17 | ¥1.3M/m² | – |
| 18 | ¥1.4M/m² | – |
| 19 | ¥1.3M/m² | – |
| 20 | ¥1.4M/m² | – |
| 21 | ¥1.5M/m² | – |
| 22 | ¥1.5M/m² | – |
| 23 | ¥1.2M/m² | – |
| 24 | ¥1.4M/m² | – |
| 25 | ¥1.5M/m² | – |
| 33 | – | ¥1.1M/m² |
| 34 | – | ¥813k/m² |
| 37 | ¥1.1M/m² | – |
| 38 | ¥1.2M/m² | – |
| 39 | ¥1.1M/m² | – |
| 40 | ¥1.1M/m² | – |
| 41 | ¥1.0M/m² | – |
| 42 | ¥1.1M/m² | – |
| 43 | ¥1.0M/m² | – |
| 44 | ¥1.0M/m² | – |
| 45 | ¥1.2M/m² | – |
| 46 | ¥1.1M/m² | – |
| 47 | ¥1.1M/m² | – |
| 48 | ¥1.3M/m² | – |
| 50 | ¥1.3M/m² | ¥960k/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 |
|---|---|---|---|---|
| 2005 | – | – | ¥1.0M/m² | – |
| 2006 | ¥553k/m² | ¥733k/m² | ¥1.0M/m² | – |
| 2007 | ¥567k/m² | ¥800k/m² | ¥1.1M/m² | – |
| 2008 | ¥610k/m² | ¥829k/m² | ¥1.1M/m² | – |
| 2009 | ¥590k/m² | ¥670k/m² | ¥944k/m² | – |
| 2010 | ¥550k/m² | ¥750k/m² | ¥950k/m² | – |
| 2011 | ¥560k/m² | ¥645k/m² | ¥942k/m² | – |
| 2012 | ¥500k/m² | ¥690k/m² | ¥900k/m² | – |
| 2013 | ¥527k/m² | ¥686k/m² | ¥992k/m² | ¥1.1M/m² |
| 2014 | ¥590k/m² | ¥800k/m² | ¥1.0M/m² | ¥1.4M/m² |
| 2015 | ¥650k/m² | ¥935k/m² | ¥1.1M/m² | ¥1.4M/m² |
| 2016 | ¥783k/m² | ¥1.0M/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2017 | ¥850k/m² | ¥1.0M/m² | ¥1.1M/m² | ¥1.3M/m² |
| 2018 | ¥800k/m² | ¥1.0M/m² | ¥1.2M/m² | ¥1.3M/m² |
| 2019 | ¥867k/m² | ¥1.1M/m² | ¥1.2M/m² | ¥1.4M/m² |
| 2020 | ¥933k/m² | ¥1.1M/m² | ¥1.2M/m² | ¥1.5M/m² |
| 2021 | ¥933k/m² | ¥1.1M/m² | ¥1.3M/m² | ¥1.5M/m² |
| 2022 | – | ¥1.2M/m² | ¥1.3M/m² | ¥1.5M/m² |
| 2023 | ¥1.1M/m² | ¥1.1M/m² | ¥1.3M/m² | ¥1.6M/m² |
| 2024 | ¥1.1M/m² | ¥1.4M/m² | ¥1.4M/m² | ¥2.0M/m² |
| 2025 | ¥1.2M/m² | ¥1.3M/m² | ¥1.5M/m² | ¥2.6M/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 |
|---|---|---|
| 2005 | – | ¥503k/m² |
| 2006 | ¥410k/m² | ¥533k/m² |
| 2007 | – | ¥658k/m² |
| 2008 | – | ¥636k/m² |
| 2009 | – | ¥484k/m² |
| 2011 | – | ¥461k/m² |
| 2013 | – | ¥485k/m² |
| 2014 | – | ¥562k/m² |
| 2015 | – | ¥684k/m² |
| 2016 | – | ¥698k/m² |
| 2017 | – | ¥923k/m² |
| 2018 | – | ¥941k/m² |
| 2019 | – | ¥819k/m² |
| 2022 | – | ¥1.1M/m² |
Prices near train stations in Chiyoda Ward
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 |
|---|---|---|---|---|---|
| Hanzomon (半蔵門) | ¥170M | ¥2.0M/m² | ¥1.45B | 3 | 77 |
| Iwamotocho (岩本町) | ¥34.0M | ¥1.4M/m² | ¥500M | 3 | 76 |
| Jimbocho (神保町) | ¥62.5M | ¥1.9M/m² | ¥285M | 2 | 70 |
| Kanda(Tokyo) (神田(東京)) | ¥35.5M | ¥1.3M/m² | ¥645M | 2 | 66 |
| Ichigaya (市ケ谷) | ¥100M | ¥1.6M/m² | – | 4 | 64 |
| Akihabara (秋葉原) | ¥47.5M | ¥1.4M/m² | ¥340M | 4 | 58 |
| Kudanshita (九段下) | ¥80.0M | ¥1.7M/m² | – | 4 | 50 |
| Kojimachi (麹町) | ¥44.0M | ¥1.4M/m² | – | 2 | 49 |
| Bakurocho (馬喰町) | ¥29.0M | ¥1.3M/m² | – | 3 | 41 |
| Iidabashi (飯田橋) | ¥110M | ¥2.0M/m² | – | 3 | 35 |
| Suehirocho(Tokyo) (末広町(東京)) | ¥33.0M | ¥1.3M/m² | ¥450M | 2 | 33 |
| Ogawamachi(Tokyo) (小川町(東京)) | ¥31.0M | ¥1.4M/m² | – | 3 | 31 |
| Suidobashi (水道橋) | ¥35.0M | ¥1.3M/m² | ¥900M | 4 | 31 |
| Asakusabashi (浅草橋) | ¥42.0M | ¥1.1M/m² | – | 4 | 24 |
| Awajicho (淡路町) | ¥53.0M | ¥1.6M/m² | – | 2 | 24 |
Used condo prices by layout in Chiyoda Ward
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥29.0M | 20 m² | 249 |
| 1LDK | ¥65.0M | 40 m² | 130 |
| 2LDK | ¥150M | 65 m² | 114 |
| 3LDK | ¥220M | 85 m² | 53 |
| 1DK | ¥43.5M | 30 m² | 38 |
| 1R | ¥20.0M | 15 m² | 17 |
| 2DK | ¥60.0M | 47.5 m² | 16 |
| Open floor | ¥145M | 80 m² | 12 |
How much does an apartment cost in Chiyoda Ward?
The median used condo (mansion) in Chiyoda Ward sold for ¥50.0M in 2025, about ¥1.6M/m², based on 261 recorded sales.
How much does a house cost in Chiyoda Ward?
The median house sale, including the land, was ¥530M in 2025 across 43 sales.
Are property prices in Chiyoda Ward going up?
Over the five years to 2025, condo prices per m² changed +33.3%.
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.