Shinjuku Ward Housing Market 2025: Studios, Students and a Big House-Price Jump
Data updated 2026-11-10 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2
Key figures for 2025
- Median used condo price
- ¥43.0M
- ¥1.4M/m² · +7.7% vs 2024
- Median house price (land + building)
- ¥180M
- Residential land per m² (sales)
- ¥1.3M/m²
- +42.9% over 5 years
- Transactions in 2025
- 1,158
- #6 of 50 areas in Tokyo by price per m²
The busiest ward for sales
Shinjuku had about 1,150 recorded sales in 2025, more than any of the central wards. More than half of condo sales are studios and 1K units; the 20 m² 1K at about ¥26M is the most traded home in the ward. Condos cost about ¥1.4M per m², about 1.3 times the Tokyo average, the sixth highest of the 23 wards.
House prices jumped in 2025
The median house sold for about ¥180M in 2025, against ¥130M in 2024. This is mainly a change in what sold, not every house becoming 40% more valuable: per m², houses rose about 10%. Condo prices have risen about 5% a year for a decade, without speeding up.
A strange population picture
Shinjuku grew 3.5% between 2020 and 2025, and households grew 6.7%. Yet in 2025 it had the biggest net outflow to the rest of Japan of any ward, about 10 people per 1,000. The growth most likely comes from abroad, from students and workers who rent the ward's many small flats.
Station distance has a big premium
Condos within 5 minutes of a station sell for about 18% more per m² than those 11–15 minutes away. Kagurazaka and Shinjuku-Gyoemmae are the priciest of the busiest stations; Shimo-Ochiai and Ochiai-Minami-Nagasaki are the cheapest.
Rents and risks
A median condo costs about 38 years of median rent, close to the Tokyo average. Shinjuku is mostly on high ground: fewer than one in five benchmark sites is in a flood zone, one of the lowest shares among the wards. The Shinjuku Station area is an Urgent Urban Renewal Area, and its major rebuilding is under way.
Living in Shinjuku Ward: people, homes and risks
- Population 2025
- 361,634
- +3.5% since 2020
- Tokyo: +1.4%
- Net moves in 2025
- -3,776
- -10.44 per 1,000 residents
- Tokyo: +4.58
- Vacant homes (2023)
- 11.2%
- 0.5% empty and not for rent or sale
- Tokyo: 10.9%
- Median rent (2023)
- ¥93k
- per month, all rented homes
- Tokyo: ¥78k
- Strong earthquake risk
- 49.5%
- chance of shaking of intensity 6-lower or more within 30 years
- Tokyo: 52.8%
- Official land price 2026
- ¥1.1M/m²
- +10.4% in a year · +40.0% in 5 years
- Tokyo: ¥407k/m²
- Flood exposure
- 18.2%
- of 77 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Tokyo: 42.5%
- Landslide exposure
- 0.0%
- of 77 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.
- Shinjuku Station area · 221 ha · designated 2002 · Specified zone (highest priority)
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 Shinjuku 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
¥26.0M
¥1.3M/m²
- Kitashinjuku
- Okubo(Tokyo) · 10 min walk
- 1K · 20 m²
- Built 1986 (40 yrs) · RC
¥43.0M
¥2.1M/m²
- Kitashinjuku
- Higashi Nakano · 3 min walk
- 1K · 20 m²
- Built 2020 (6 yrs) · RC
¥84.0M
¥1.9M/m²
- Kagurazaka
- Iidabashi · 1 min walk
- 2DK · 45 m²
- Built 2001 (25 yrs) · RC
House
¥90.0M
¥857k/m²
- Nakai
- Nakai · 4 min walk
- Land 75 m² · floor 105 m²
- Built 2026 (0 yrs) · Wood
¥220M
¥1.2M/m²
- Yaraicho
- Kagurazaka · 4 min walk
- Land 175 m² · floor 180 m²
- Built 1984 (42 yrs) · Light steel
¥560M
¥1.0M/m²
- Nakaochiai
- Nakai · 5 min walk
- Land 240 m² · floor 540 m²
- Built 2020 (6 yrs) · RC
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥23.0M | ¥85.0M |
| 2006 | ¥21.0M | ¥76.0M |
| 2007 | ¥23.0M | ¥120M |
| 2008 | ¥22.5M | ¥77.0M |
| 2009 | ¥20.0M | ¥63.0M |
| 2010 | ¥23.0M | ¥64.0M |
| 2011 | ¥20.0M | ¥67.0M |
| 2012 | ¥21.0M | ¥70.0M |
| 2013 | ¥22.0M | ¥64.0M |
| 2014 | ¥23.0M | ¥72.0M |
| 2015 | ¥23.0M | ¥83.0M |
| 2016 | ¥24.0M | ¥85.0M |
| 2017 | ¥26.0M | ¥110M |
| 2018 | ¥28.0M | ¥95.0M |
| 2019 | ¥28.0M | ¥93.0M |
| 2020 | ¥31.0M | ¥85.5M |
| 2021 | ¥32.0M | ¥88.0M |
| 2022 | ¥33.0M | ¥120M |
| 2023 | ¥34.0M | ¥115M |
| 2024 | ¥39.0M | ¥130M |
| 2025 | ¥43.0M | ¥180M |
| 2026 (partial) | ¥43.0M | ¥400M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥655k/m² | ¥521k/m² | ¥720k/m² |
| 2006 | ¥662k/m² | ¥556k/m² | ¥700k/m² |
| 2007 | ¥730k/m² | ¥654k/m² | ¥740k/m² |
| 2008 | ¥750k/m² | ¥622k/m² | ¥730k/m² |
| 2009 | ¥675k/m² | ¥508k/m² | ¥580k/m² |
| 2010 | ¥743k/m² | ¥533k/m² | ¥620k/m² |
| 2011 | ¥733k/m² | ¥552k/m² | ¥610k/m² |
| 2012 | ¥700k/m² | ¥548k/m² | ¥610k/m² |
| 2013 | ¥708k/m² | ¥553k/m² | ¥620k/m² |
| 2014 | ¥800k/m² | ¥571k/m² | ¥630k/m² |
| 2015 | ¥882k/m² | ¥630k/m² | ¥690k/m² |
| 2016 | ¥909k/m² | ¥659k/m² | ¥760k/m² |
| 2017 | ¥950k/m² | ¥674k/m² | ¥830k/m² |
| 2018 | ¥1.0M/m² | ¥747k/m² | ¥850k/m² |
| 2019 | ¥1.1M/m² | ¥725k/m² | ¥760k/m² |
| 2020 | ¥1.1M/m² | ¥772k/m² | ¥910k/m² |
| 2021 | ¥1.1M/m² | ¥834k/m² | ¥995k/m² |
| 2022 | ¥1.2M/m² | ¥800k/m² | ¥970k/m² |
| 2023 | ¥1.2M/m² | ¥911k/m² | ¥1.1M/m² |
| 2024 | ¥1.3M/m² | ¥1.0M/m² | ¥1.1M/m² |
| 2025 | ¥1.4M/m² | ¥1.1M/m² | ¥1.3M/m² |
| 2026 (partial) | ¥1.5M/m² | ¥1.4M/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.6M/m² | ¥1.1M/m² |
| 1 | ¥2.0M/m² | ¥1.3M/m² |
| 2 | ¥1.7M/m² | ¥1.1M/m² |
| 3 | ¥1.5M/m² | – |
| 4 | ¥1.5M/m² | ¥1.1M/m² |
| 5 | ¥1.5M/m² | – |
| 6 | ¥1.5M/m² | ¥1.1M/m² |
| 7 | ¥1.5M/m² | ¥913k/m² |
| 8 | ¥1.4M/m² | ¥954k/m² |
| 9 | ¥1.4M/m² | ¥878k/m² |
| 10 | ¥1.4M/m² | – |
| 11 | ¥1.4M/m² | – |
| 12 | ¥1.4M/m² | ¥959k/m² |
| 13 | ¥1.3M/m² | ¥955k/m² |
| 14 | ¥1.3M/m² | ¥1.1M/m² |
| 15 | ¥1.3M/m² | – |
| 16 | ¥1.3M/m² | – |
| 17 | ¥1.3M/m² | – |
| 18 | ¥1.3M/m² | ¥838k/m² |
| 19 | ¥1.3M/m² | ¥835k/m² |
| 20 | ¥1.3M/m² | – |
| 21 | ¥1.2M/m² | – |
| 22 | ¥1.2M/m² | – |
| 23 | ¥1.2M/m² | ¥824k/m² |
| 24 | ¥1.2M/m² | – |
| 25 | ¥1.2M/m² | – |
| 26 | ¥1.1M/m² | – |
| 27 | ¥1.1M/m² | ¥849k/m² |
| 28 | ¥1.1M/m² | ¥848k/m² |
| 29 | ¥1.0M/m² | – |
| 30 | ¥1.2M/m² | ¥1.1M/m² |
| 31 | ¥1.1M/m² | ¥786k/m² |
| 32 | ¥1.0M/m² | ¥746k/m² |
| 33 | ¥850k/m² | ¥626k/m² |
| 34 | ¥929k/m² | ¥800k/m² |
| 35 | ¥933k/m² | ¥840k/m² |
| 36 | ¥867k/m² | ¥750k/m² |
| 37 | ¥850k/m² | – |
| 38 | ¥876k/m² | – |
| 39 | ¥933k/m² | ¥694k/m² |
| 40 | ¥950k/m² | ¥500k/m² |
| 41 | ¥914k/m² | ¥934k/m² |
| 42 | ¥800k/m² | ¥643k/m² |
| 43 | ¥867k/m² | ¥643k/m² |
| 44 | ¥878k/m² | ¥692k/m² |
| 45 | ¥852k/m² | ¥786k/m² |
| 46 | ¥950k/m² | ¥788k/m² |
| 47 | ¥920k/m² | ¥690k/m² |
| 48 | ¥775k/m² | – |
| 49 | ¥620k/m² | ¥728k/m² |
| 50 | ¥750k/m² | ¥776k/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 | ¥415k/m² | ¥565k/m² | ¥1.0M/m² | – |
| 2006 | ¥467k/m² | ¥600k/m² | ¥920k/m² | – |
| 2007 | ¥507k/m² | ¥667k/m² | ¥1.0M/m² | – |
| 2008 | ¥545k/m² | ¥700k/m² | ¥963k/m² | – |
| 2009 | ¥463k/m² | ¥615k/m² | ¥900k/m² | – |
| 2010 | ¥487k/m² | ¥625k/m² | ¥954k/m² | – |
| 2011 | ¥478k/m² | ¥600k/m² | ¥854k/m² | – |
| 2012 | ¥440k/m² | ¥587k/m² | ¥850k/m² | ¥1.0M/m² |
| 2013 | ¥467k/m² | ¥640k/m² | ¥867k/m² | ¥1.1M/m² |
| 2014 | ¥530k/m² | ¥650k/m² | ¥900k/m² | ¥1.0M/m² |
| 2015 | ¥540k/m² | ¥716k/m² | ¥1.0M/m² | ¥1.2M/m² |
| 2016 | ¥600k/m² | ¥800k/m² | ¥1.0M/m² | ¥1.2M/m² |
| 2017 | ¥650k/m² | ¥833k/m² | ¥1.0M/m² | ¥1.2M/m² |
| 2018 | ¥690k/m² | ¥800k/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2019 | ¥691k/m² | ¥840k/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2020 | ¥733k/m² | ¥937k/m² | ¥1.1M/m² | ¥1.3M/m² |
| 2021 | ¥700k/m² | ¥933k/m² | ¥1.2M/m² | ¥1.3M/m² |
| 2022 | ¥781k/m² | ¥1.0M/m² | ¥1.2M/m² | ¥1.4M/m² |
| 2023 | ¥862k/m² | ¥1.0M/m² | ¥1.3M/m² | ¥1.4M/m² |
| 2024 | ¥862k/m² | ¥1.1M/m² | ¥1.3M/m² | ¥1.6M/m² |
| 2025 | ¥933k/m² | ¥1.2M/m² | ¥1.4M/m² | ¥1.6M/m² |
| 2026 (partial) | – | ¥1.2M/m² | ¥1.5M/m² | ¥1.9M/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 | ¥460k/m² | ¥480k/m² | ¥653k/m² | – |
| 2006 | ¥347k/m² | ¥516k/m² | ¥703k/m² | – |
| 2007 | – | ¥574k/m² | ¥773k/m² | – |
| 2008 | – | ¥545k/m² | ¥670k/m² | – |
| 2009 | ¥394k/m² | ¥421k/m² | ¥646k/m² | – |
| 2010 | ¥356k/m² | ¥461k/m² | ¥608k/m² | – |
| 2011 | ¥369k/m² | ¥479k/m² | ¥627k/m² | ¥688k/m² |
| 2012 | ¥484k/m² | ¥441k/m² | – | ¥674k/m² |
| 2013 | ¥462k/m² | ¥494k/m² | – | ¥631k/m² |
| 2014 | ¥370k/m² | ¥485k/m² | ¥651k/m² | ¥691k/m² |
| 2015 | ¥533k/m² | ¥511k/m² | – | ¥730k/m² |
| 2016 | ¥500k/m² | ¥595k/m² | – | ¥815k/m² |
| 2017 | ¥485k/m² | ¥612k/m² | ¥741k/m² | ¥909k/m² |
| 2018 | ¥674k/m² | ¥624k/m² | – | ¥937k/m² |
| 2019 | ¥541k/m² | ¥667k/m² | – | ¥879k/m² |
| 2020 | ¥586k/m² | ¥660k/m² | – | ¥900k/m² |
| 2021 | ¥622k/m² | ¥694k/m² | ¥847k/m² | ¥893k/m² |
| 2022 | ¥651k/m² | ¥702k/m² | ¥800k/m² | – |
| 2023 | ¥737k/m² | ¥700k/m² | – | ¥1.1M/m² |
| 2024 | ¥788k/m² | ¥1.0M/m² | ¥775k/m² | – |
| 2025 | ¥842k/m² | ¥1.0M/m² | – | ¥1.1M/m² |
Prices near train stations in Shinjuku 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 |
|---|---|---|---|---|---|
| Waseda(TokyoMetro) (早稲田(メトロ)) | ¥33.0M | ¥1.3M/m² | ¥165M | 6 | 192 |
| Shinjuku Gyoemmae (新宿御苑前) | ¥48.0M | ¥1.4M/m² | – | 6 | 185 |
| Okubo(Tokyo) (大久保(東京)) | ¥33.5M | ¥1.2M/m² | ¥150M | 5 | 179 |
| Higashi Shinjuku (東新宿) | ¥35.0M | ¥1.3M/m² | ¥96.0M | 4 | 170 |
| Takadanobaba (高田馬場) | ¥34.0M | ¥1.2M/m² | ¥140M | 7 | 162 |
| Shimo Ochiai(Tokyo) (下落合(東京)) | ¥34.5M | ¥1.1M/m² | ¥115M | 4 | 152 |
| Ushigome Yanagicho (牛込柳町) | ¥43.0M | ¥1.4M/m² | ¥89.0M | 4 | 146 |
| Nishi Shinjuku Gochome (西新宿五丁目) | ¥36.0M | ¥1.4M/m² | – | 4 | 139 |
| Kagurazaka (神楽坂) | ¥59.0M | ¥1.5M/m² | ¥240M | 5 | 138 |
| Ochiai Minami Nagasaki (落合南長崎) | ¥27.0M | ¥1.1M/m² | ¥89.0M | 6 | 130 |
| Edogawabashi (江戸川橋) | ¥42.0M | ¥1.4M/m² | ¥315M | 4 | 127 |
| Akebonobashi (曙橋) | ¥44.0M | ¥1.3M/m² | ¥190M | 4 | 127 |
| Yotsuya Sanchome (四谷三丁目) | ¥70.0M | ¥1.8M/m² | ¥190M | 4 | 126 |
| Wakamatsu Kawada (若松河田) | ¥40.5M | ¥1.4M/m² | ¥120M | 4 | 119 |
| Nishi Shinjuku (西新宿) | ¥44.0M | ¥1.4M/m² | – | 6 | 101 |
Used condo prices by layout in Shinjuku Ward
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥26.0M | 20 m² | 1041 |
| 2LDK | ¥84.0M | 55 m² | 380 |
| 1LDK | ¥52.5M | 40 m² | 338 |
| 3LDK | ¥100M | 70 m² | 273 |
| 1DK | ¥41.0M | 30 m² | 151 |
| 2DK | ¥35.0M | 40 m² | 69 |
| 1R | ¥15.0M | 15 m² | 53 |
| Open floor | ¥33.5M | 32.5 m² | 28 |
How much does an apartment cost in Shinjuku Ward?
The median used condo (mansion) in Shinjuku Ward sold for ¥43.0M in 2025, about ¥1.4M/m², based on 873 recorded sales.
How much does a house cost in Shinjuku Ward?
The median house sale, including the land, was ¥180M in 2025 across 199 sales.
Are property prices in Shinjuku Ward going up?
Over the five years to 2025, condo prices per m² changed +27.3% and residential land prices changed +42.9%.
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.