Kintaikyo Bridge, Iwakuni, Yamaguchi
Photo: Kintaikyo Bridge, Iwakuni, Yamaguchi · Shino Nakamura / Unsplash

Yamaguchi 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
¥13.0M
¥223k/m²
Median house price (land + building)
¥14.0M
Residential land per m² (sales)
¥30k/m²
+42.9% over 5 years
Transactions in 2025
441
#1 of 13 areas in Yamaguchi by price per m²

What the data says

Prices are still rising, but more slowly

Growth has cooled to about 0.1% a year, down from 5.6% a year in the previous five years. This looks more like a maturing market than a turning point, and it gives buyers a bit more room to negotiate.

Outperforming Yamaguchi

Per m², condos here are 9% above the Yamaguchi average. The premium has grown from 10% ten years ago, so Yamaguchi 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 11% more per m² than those 11–15 minutes away. The penalty for a longer walk is mild, so it is worth widening your search radius.

A family market

81% 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.

Sales are thinning out

Transactions are down about 14% on the previous three years. Fewer sales mean less choice and slower resale, so allow more time to sell later.

What a typical purchase costs

Half of all condo sales last year were between ¥6.8M and ¥19.3M. Listings outside that range are either unusual properties or worth a closer look.

A shrinking population

The population fell 1.8% between 2020 and 2025 (−5.8% for the wider area). Moves in and out roughly balanced in 2025. Households still grew 3.3% as people live in smaller households, which supports demand for smaller homes even as the population shrinks.

Typical vacancy

17% of homes were empty in 2023 (19.4% for the wider area), and 7.1% 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 23.8 years of the area's median rent (¥45k a month), compared with 28.4 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.

Lower earthquake risk

The government's seismic model gives a 6% chance of shaking of intensity 6-lower or stronger in the next 30 years (12% for the wider area). This is low by Japanese standards, although no part of Japan is free of earthquake risk.

Official land prices are edging up

On the government's fixed benchmark sites, which are valued the same way every year, residential land prices changed +1% in the year to January 2026 and +5% over five years. Because these sites don't change, this is the cleanest measure of land value trends.

Some flood or landslide exposure

Of the official land-price benchmark sites here, which sit in typical neighbourhoods, 65% are inside the worst-case flood zone (15% with expected depths of 3 m or more). 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 Yamaguchi City: people, homes and risks

Population 2025
190,438
-1.8% since 2020
Yamaguchi: -5.8%
Net moves in 2025
-88
-0.46 per 1,000 residents
Yamaguchi: -3.88
Vacant homes (2023)
17.0%
7.1% empty and not for rent or sale
Yamaguchi: 19.4%
Median rent (2023)
¥45k
per month, all rented homes
Yamaguchi: ¥44k
Strong earthquake risk
6.4%
chance of shaking of intensity 6-lower or more within 30 years
Yamaguchi: 11.7%
Official land price 2026
¥35k/m²
+1.3% in a year · +4.7% in 5 years
Yamaguchi: ¥33k/m²
Flood exposure
65.0%
of 20 benchmark sites in a worst-case flood zone (15.0% 3 m or deeper)
Yamaguchi: 35.6%
Landslide exposure
0.0%
of 20 benchmark sites in a landslide warning area
Yamaguchi: 10.7%

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 Yamaguchi 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-priced2025 Q4

¥6.0M

¥109k/m²

  • Yudaonsen
  • Yudaonsen · 11 min walk
  • 2LDK · 55 m²
  • Built 1995 (30 yrs) · SRC
Typical2025 Q3

¥13.0M

¥186k/m²

  • Ouchimihori
  • Yamaguchi(Yamaguchi) · 24 min walk
  • 3LDK · 70 m²
  • Built 2007 (18 yrs) · RC
Higher-priced2026 Q1

¥25.0M

¥417k/m²

  • Ogoorishimogo
  • Shin Yamaguchi · 13 min walk
  • 1LDK · 60 m²
  • Built 2023 (3 yrs) · RC

House

Lower-priced2026 Q2

¥5.0M

¥67k/m²

  • Kurokawa
  • Yabara
  • Land 155 m² · floor 75 m²
  • Built 1980 (46 yrs) · Wood
Typical2026 Q2

¥16.0M

¥145k/m²

  • Yabaracho
  • Yudaonsen · 14 min walk
  • Land 150 m² · floor 110 m²
  • Built 2001 (25 yrs) · Wood
Higher-priced2025 Q3

¥38.0M

¥400k/m²

  • Yoshida
  • Yudaonsen
  • Land 320 m² · floor 95 m²
  • Built 2022 (3 yrs) · Wood
Median transaction price by year2026 so far: treat with caution — The 2026 figure (shaded) is 57% above 2025, but it covers only part of the year and 49 house sales so far. Early-year numbers are often revised and are easily skewed by a few large deals.
¥0¥10.0M¥20.0M¥30.0M2007200920112013201520172019202120232025
Show data table
YearCondoHouse
2007–¥20.0M
2008¥15.0M¥14.0M
2009–¥13.0M
2010¥13.0M¥14.0M
2011¥16.0M¥12.0M
2012¥9.0M¥13.0M
2013¥15.0M¥15.0M
2014¥14.0M¥13.0M
2015¥11.0M¥16.0M
2016¥17.0M¥16.0M
2017¥17.0M¥17.0M
2018¥12.0M¥18.0M
2019¥16.0M¥17.0M
2020¥17.0M¥17.0M
2021¥14.5M¥17.0M
2022¥13.0M¥15.0M
2023¥18.0M¥18.0M
2024¥17.0M¥16.0M
2025¥13.0M¥14.0M
2026 (partial)–¥22.0M
Median price per m² by yearHouses are the better deal on space — A m² of house floor space costs about 52% 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¥100k¥200k¥300k2007200920112013201520172019202120232025
Show data table
YearCondoHouseLand
2007–¥143k/m²¥29k/m²
2008¥178k/m²¥108k/m²¥23k/m²
2009–¥112k/m²¥28k/m²
2010¥167k/m²¥103k/m²¥25k/m²
2011¥190k/m²¥104k/m²¥24k/m²
2012¥129k/m²¥102k/m²¥27k/m²
2013¥184k/m²¥100k/m²¥22k/m²
2014¥179k/m²¥100k/m²¥25k/m²
2015¥143k/m²¥104k/m²¥24k/m²
2016¥212k/m²¥109k/m²¥19k/m²
2017¥213k/m²¥112k/m²¥24k/m²
2018¥174k/m²¥110k/m²¥28k/m²
2019¥200k/m²¥114k/m²¥26k/m²
2020¥222k/m²¥118k/m²¥21k/m²
2021¥212k/m²¥114k/m²¥24k/m²
2022¥185k/m²¥113k/m²¥23k/m²
2023¥215k/m²¥119k/m²¥24k/m²
2024¥200k/m²¥109k/m²¥24k/m²
2025¥223k/m²¥96k/m²¥30k/m²
2026 (partial)–¥135k/m²¥14k/m²
Price per m² by building age (2021–2025 sales)
¥0¥100k¥200k¥300k¥400k05101520253035404550
Show data table
Building age (years)CondoHouse
0–¥283k/m²
1–¥245k/m²
2–¥337k/m²
22–¥133k/m²
23–¥116k/m²
25–¥112k/m²
26–¥80k/m²
27–¥110k/m²
28–¥111k/m²
29–¥111k/m²
30–¥76k/m²
31¥109k/m²¥88k/m²
32–¥67k/m²
33¥120k/m²¥94k/m²
34–¥98k/m²
35¥153k/m²¥87k/m²
36–¥70k/m²
37–¥104k/m²
38–¥53k/m²
40–¥49k/m²
41–¥56k/m²
42–¥64k/m²
43–¥92k/m²
44–¥54k/m²
45–¥52k/m²
47–¥33k/m²
48–¥51k/m²
50–¥45k/m²
Condo price per m² by construction period
¥0¥100k¥200k¥300k201120132015201720192021

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
Year1981-20002001-2010
2011–¥280k/m²
2015¥113k/m²–
2016¥132k/m²–
2017¥147k/m²–
2018¥116k/m²–
2022¥151k/m²–
House price per m² by construction period
¥0¥100k¥200k¥300k¥400k2007200920112013201520172019202120232025

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
2007–¥91k/m²¥213k/m²–
2008¥87k/m²¥95k/m²¥217k/m²–
2009–¥98k/m²¥236k/m²–
2010¥49k/m²¥87k/m²¥218k/m²–
2011¥87k/m²¥89k/m²¥173k/m²¥264k/m²
2012¥70k/m²¥88k/m²–¥267k/m²
2013¥76k/m²¥107k/m²–¥273k/m²
2014¥52k/m²¥95k/m²–¥302k/m²
2015¥45k/m²¥91k/m²–¥267k/m²
2016¥47k/m²¥90k/m²–¥267k/m²
2017¥75k/m²¥107k/m²–¥295k/m²
2018¥59k/m²¥101k/m²–¥274k/m²
2019¥70k/m²¥89k/m²–¥252k/m²
2020¥44k/m²¥94k/m²–¥256k/m²
2021¥64k/m²¥88k/m²––
2022¥60k/m²¥100k/m²––
2023¥58k/m²¥96k/m²––
2024¥51k/m²¥81k/m²––
2025¥37k/m²¥77k/m²¥140k/m²–

Prices near train stations in Yamaguchi City

Sales from 2023–2025, grouped by nearest station.

StationMedian used condo priceCondo price per m²Median house price (land + building)Walk (min)Sales
Yamaguchi(Yamaguchi) (山口(山口))¥17.0M¥200k/m²¥12.0M18164
Yudaonsen (湯田温泉)¥7.6M¥161k/m²¥17.0M15155
Yabara (矢原)––¥21.5M1374
Shin Yamaguchi (新山口)¥18.0M¥231k/m²¥25.0M1071
Miyano (宮野)––¥14.0M1748
Kami Yamaguchi (上山口)––¥20.0M1031
Ajisu (阿知須)––¥19.0M1128
Kamigo (上郷)––¥17.0M1523
Otoshi (大歳)––¥20.0M819
Kami Kagawa (上嘉川)––¥36.0M915
Suo Shimogo (周防下郷)––¥16.5M815

Used condo prices by layout in Yamaguchi City

Sales from 2023–2025.

LayoutMedian used condo priceTypical sizeSales
3LDK¥17.0M70 m²61
4LDK¥18.0M90 m²35
2LDK¥12.0M60 m²12

How much does an apartment cost in Yamaguchi City?

The median used condo (mansion) in Yamaguchi City sold for ¥13.0M in 2025, about ¥223k/m², based on 40 recorded sales.

How much does a house cost in Yamaguchi City?

The median house sale, including the land, was ¥14.0M in 2025 across 218 sales.

Are property prices in Yamaguchi City going up?

Over the five years to 2025, condo prices per m² changed +0.5% 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.