What can you buy for $145,000 around Japan?

By popular request, in this installment of the “what can you buy” series, we take another virtual tour around Japan, from big cities to medium-sized towns, to see what is available at the $145,000 (16 million JPY) price point.

To put this budget in perspective, in 2017, the average listing price for a 70-sqm re-sale condominium in the Tokyo 23 Wards was ¥53,230,000. This year (2018), the average listing price for a single-family home in the 23 Wards is about ¥64,870,000 ( a year-on-year increase of 8.5%).

After the examples, we give answers to FAQs about buying property in Japan as a foreigner.

Well then, let’s look at some listings!

4BR House in Yotsukaido, Chiba

If you want to find a place of your own not to far from central Tokyo, you can do as many home buyers do and look in “commutable” locations in Chiba, Saitama, Kanagawa or Tokyo’s western suburbs. Our first featured property is located in Yotsukaido, Chiba.

Yotsukaiko Furosato Matsuri (Festival). Image: Livedoor

Where: Yotsukaido is a city in Chiba prefecture, about an hour commute from Tokyo Station.

4BR house for sale in Yotsukaido, Chiba. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Price: ¥13,500,000 ($121,000)

Size and Layout: 115.93 m² (1,237-sqft) 4BR (4LDK)

Floors: Two-stories

Land rights: Freehold

Year Built: 1994

Structure: Wood

Notes: Japanese- and Western-style rooms

3BR House in Aikawa Machi, Kanagawa

Yokohama has been popular with home buyers in the last few years (and tops the 2018 survey on the best places to live in greater Tokyo). Other families choose to head to the smaller towns in Kanagawa prefecture when house hunting.

Aikawa-machi is a town of about 42,000 people, located just southeast of Sagamihara and about 50-kim west of Yokohama. Image: Hatena

Recently renovated 3BR house for sale in Aikawa-machi, Kanagawa. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

3BR house for sale in Aikawa-machi, Kanagawa. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Price: ¥15,980,000 ($144,000)

Size and Layout: 80.97 m² (861-sqft) 3BR (3LDK)

Floors: Two-stories

Land rights: Freehold

Year Built: 1997

Structure: Wood

Notes: Interior recently remodeled

5BR House in Yamashina Ward, Kyoto

Bishamono-Do (Temple) located in Yamashina Ward, Kyoto is known for breathtaking autumn colors. Photo: Wikimedia

Where: Quiet residential location, about a 30-min walk from Misasagi Station on the Keihan Keishin line in Yamashina Ward, Kyoto. About a 30-min commute to Kyoto Station.

Yamashina Ward, in southeastern Kyoto, used to be a farming village located between Kyoto and Shiga prefecture, but Yamashina has now mainly known as a residential area for people commuting to central Kyoto and Osaka, because of its convenient location. Historically, Yamashina was an important point for traffic connecting Kyoto and eastern Japan via the Tokaido (Road).

5BR+Bonus storage room house, featuring a modern system kitchen, for sale in Yamashina Ward, Kyoto. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

This spacious modern-style home features counter seating adjoining the kitchen. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Price: ¥16,000,000 ($144,000)

Size and Layout: 125.99 m² (1,345-sqft) 5BR (5LDK)

Floors: Two-stories

Land rights: Freehold

Year Built: 2013

Structure: Wood

Notes: 3 parking spaces, flooring, system kitchen

2BR Apartment in Naha, Okinawa

And if you’re dreaming about making a great escape to the azure seas surrounding Okinawa, you wouldn’t be alone, as this is one of the most popular searches on Real Estate Japan for people looking to buy first- and second-homes.

Street leading to Wakasa Seaside Park, Naha, Okinawa.

Where: The property for sale is located in the Yorimiya neighborhood of Naha, Okinawa, about 4.5-km from Wakasa Seaside Park.

4th-floor 2BR apartment for sale in this building in the Yorimiya neighborhood of Naha. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Price: ¥15,800,000 ($144,000)

Size and Layout: 51.15 m² (548-sqft) 2BR (2LDK)

Floor: 4th-floor unit in 8-story building

Land rights: Freehold

Year Built: 1990

Studio apartment in Ochiai, Shinjuku

Now let’s head north to the big city, Tokyo, that is. We’ve said it before and we’ll say it again, folks: If you’re looking in central Tokyo locations with a limited budget, you will have to compromise on building age and apartment size, but it is possible to find many properties in the 16 million JPY range or much, much lower, as is the case with the property below. Building age (1992) is one of the main factors in the listing price here.

Our featured property is located near Ochiai Station on the Tokyo Metro Tozai line, about a 13-min ride to Shinjuku.

Where: Good location in Shinjuku. About 2-min walk from the station and a 13-min ride to Shinjuku Station.

1R studio apartment for sale near Ochiai Station. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Price: ¥12,500,000 ($144,000)

Size and Layout: 51.15 m² (548-sqft) 2BR (2LDK)

Floor: 1st-floor unit in 4-story building

Land rights: Freehold

Year Built: 1992

Notes: Currently tenanted apartment with estimated gross yield of 6.1%. South-facing unit is reinforced concrete building.

FAQs About Buying a Home in Japan

Can a foreigner buy property in Japan?

Yes. You can buy property in Japan regardless of your nationality or country of origin. There are also no residency requirements for buying real estate in Japan. Securing financing as a resident foreigner is more complicated. For info on financing, please see “Basic Requirements for Getting a Mortgage as a Foreigner in Japan“.

How do I get a home loan as a foreigner in Japan?

Please see this article for information on: Getting a home loan as a foreigner in Japan

What is the process for buying a home in Japan?

Please see our step-by-step guide: Guide to Buying a Home in Japan

See how much you can borrow and your monthly payments in yen: Yen Mortgage Loan Calculator

For information about purchase and brokerage fees: Breakdown of real estate purchase fees and taxes in Japan

Need to know: Earthquake building codes and technology in Japan