What can you buy for $160,000 or Less? From Japan’s Big Cities to Smaller Towns

In this installment in the “what can you buy” series, we take a look at what you can buy around Japan for $160,000 (¥17,500,000) or less.

To put this price point in perspective, in 2018, the average listing price for a single-family home in the Tokyo 23 Wards was 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.

Let’s look at some listings!

Renovated Studio Apartment in Nishi Azabu – 10-min walk to Roppongi Hills

Location: Excellent central location near two stations, Nogizaka on the Chiyoda line and Roppongi on the Hibiya line. About a 10-minute walk to Roppongi Hills.

Renovated studio 1R apartment for sale in Nishi Azabu near Roppongi Hills. Please click on the photo for the full listing and to inquire directly to the agent.

Renovated studio 1R apartment for sale in Nishi Azabu near Roppongi Hills. Please click on the photo for the full listing and to inquire directly to the agent.

Price: $157,000 (¥17,300,000)

Size and Layout: 19.31 m² (204-sqft) Studio (1R)

Floor: 3rd-floor unit in a 6-story builidng

Land rights: Freehold

Year Built: 1976

Structure: Reinforced concrete

Notes: Excellent location in a highly desirable neighborhood. Recently renovated.

Un-Renovated Machiya (Town House) in Kyoto

Location: 13-min walk from Kitano Hakubaicho Station, about a 25-min commute to Kyoto Station.

For sale is an un-renovated machiya (traditional town house) for sale in Kamigyo Ward, Kyoto. Please click on the photo for the full listing and to inquire directly to the agent.

Price: $153,000 (¥16,800,000)

Size and Layout: 53.81 m² (570-sqft) 4-Rooms (4K)  in addition to kitchen/bathroom

Floors: 2 stories

Land rights: Freehold

Year Built: 1950

Structure: Wood

Notes: Un-renovated machiya town house. Located in a quiet residential area, ideal as a vacation home.

3BR House for Sale in Asahikawa – Hokkaido

Location: Asahikawa, Hokkaido. Population 339,600. Asahikawa is located in north central Hokkaido and is known for its zoo and signature soy-sauced based ramen broth.

3BR house for sale in Asahikawa, Hokkaido. Please click on the photo for the full listing and to inquire directly to the agent.

One of the two living/dining rooms in this home designed for two-family living. Please click on the photo for the full listing and to inquire directly to the agent.

Price: $98,200 (¥10,800,000)

Size and Layout: 333.43 m² (2,584-sqft) 3BR (3LDK) – Two living/dining rooms

Floors: 2 stories

Land rights: Freehold

Year Built: 1992

Structure: Wood

Notes: Ideal for two-generation living, with two separate living/dining rooms. All western-style rooms

Spacious 3BR Ski Cabin in Naeba Ski Resort – Yuzawa – Niigata

Location: Located in the famous Naeba Ski Resort on the eastern slope of Mount Takenoko in Yuzawa, Niigata Prefecture.

3BR ski cabin / holiday house for sale in Naeba Ski Resort, Yuzawa. This cute 2 +1 bedroom ski chalet makes a great all-season home or rental property for a couple, family, or an outdoor enthusiast. Please click on the photo for the full listing and to inquire directly to the agent.

3BR ski cabin / holiday house for sale in Naeba Ski Resort, Yuzawa. Please click on the photo for more photos, the full listing, and to inquire directly to the agent.

Price: $137,000  (¥15,000,000)

Size and Layout: 158.98 m² (1,711-sqft) 3BR (3LDK) –

Floors: 2 stories

Land rights: Freehold

Year Built: 1991

Structure: Wood

Notes: This cozy little gem of a chalet offers 2 large bedrooms, a full bath, shower, and laundry upstairs with ample closet space. The ground floor level features a large, open-concept living/dining/kitchen area with vaulted cathedral ceilings. The living room opens up onto a large covered balcony through sliding doors. Perfect for BBQing or relaxing with a book.

Only 1. 5 hours from Tokyo by bullet train/bus, or 2.5 hours by car, this makes an easy weekend retreat, or great place to live year-round away from the hustle and bustle of the city. Located within the Joshinetsu National Park, Naeba and Kagura offer excellent big mountain skiing with deep powder snow. See more here: Ski Cabin for sale in Naeba Ski Resort

Renovated 3BR Apartment in Fujisawa – Kanagawa

Location: Near Zengyou Station on the Odakyu Enoshima line, about a 30-min ride to Kamakura and about a 1-hour ride to Shinjuku . Fujisawa is a city in Kanagawa, with a population of about 430,000.

Renovated 3BR apartment for sale in Fujisawa, Kanagawa. Please click on the photo for the full listing and to inquire directly to the agent.

Price: $135,000 (¥14,900,000)

Size and Layout: 66 m² (710-sqft) 3BR (3LDK)

Floor: 4th-floor unit in a 4-story builidng

Land rights: Freehold

Year Built: 1995

Structure: Reinforced concrete

Notes: Sunny, south-facing living room with two balconies, and three bedrooms with storage. Kitchen separate from living room.

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

How much is my property worth?

Real Estate Japan is pleased to offer free, no obligation appraisals for owners of property in Japan. Please click here and fill out the form: How much is my property worth?

Seminars on Buying Property in Japan

Please see our seminar page for a current list of seminars on: how to buy a home in Japaninvesting in Japanese real estate for beginnershow to apply for permanent residency in Japanhow to sell property in Japan, and much more.

Lead photo: Asahikawa, Hokkaido. Source: Japan Ministry of Internal Affairs and Communication