What can you buy in Japan for $160,000 or less?

In this installment of the “what can you buy” series, we take a look at what you can buy around Japan at the below average price point of ¥17,000,000 ($160,000 USD) or much less.

To put this price point in perspective:

  • In April 2021, the nationwide average listing price for a re-sale apartment in Japan was ¥19,674,468 ($177,600 USD). This is a year-on-year increase of 4.7% compared to April 2020.
  • The Tokyo average listing price for a re-sale apartment, ¥56,220,000 (or $511,091 USD) was 286% of the national average.
  • Please see this article for the average price of a pre-owned apartment in Japan, by prefecture.

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

Let’s look at a few examples of what’s currently on the market.

4SLDK house in Hakone – Enjoy in-home onsen bath, large deck, wood burning stove

Listing price: ¥17,000,000 ($155,000 USD)

Location: This spacious 4-bedroom home is located in a secluded nook of the Tokyu Hakone Myojin-daira (Sunny Park) area of Hakone, a mountainous town about 90-km southwest of Tokyo known for its hot springs resorts (onsen) and iconic view of Mt. Fuji. From Tokyo, it is about a 2-hour train ride to Hakone, which makes it a desirable place for people looking to buy a vacation or second home.

The nearby Yumoto neighborhood of Hakone features hot springs resorts along the Sukomo and Haya rivers, the red trains of the Hakone Tozan Railway, and many teahouses and small restaurants along the riverbanks.

Property Highlights:

  • Spacious 163.96 m² (1,754-sqft) 4LDK + storage room house
  • Raised, deep soaking bathtub with water sourced from hot springs (See photos below!)
  • Wood burning stove in living room
  • Large 39-sqm deck
  • Surrounded by trees and greenery
  • Relax with family and friends in this quiet, spacious home
  • Please visit the full listing and to inquire to the agent on the property detail page.

This home features a large deep-soaking bath tub with water sourced from local hot springs. Please click on the photo for the full property listing. Image: Tokyu Resort

View of the deck and surrounding trees from indoor bath. Image: Tokyu Resort

Game room with vaulted ceiling and ping pong table. Please note that furniture is not included in the sale. Image: Tokyu Resort

4LDK house in Kizugawa, Kyoto – List price ¥13 million ($119,000 USD)

Listing price: ¥13,000,000 ($119,000 USD)

Location: 10-min walk from Tanakura Station on the Nara line in the city if Kizugawa, Kyoto.

Kizugawa, with a population of about 75,000, is the southernmost city in Kyoto and is named after the Kizu River, a tributary of the Yodo River, which runs through the city. It is a part of the Kansai Science City project and houses research facilities of several corporations, including Rohto Pharmaceutical and Omron. (Wikipedia)

Kizugawa City is also one of the few municipalities in Japan with a growing population. In a population estimate released by the Japan Policy Council, it is the only municipality in Kyoto Prefecture forecast to have a positive population growth rate by 2040. (Wikipedia)

From Tanakura Station, it is about a 52-minute direct ride to Kyoto Station and about a 17-min direct ride to Nara Station.

Property Highlights:

  • 101.85 m² (1,087-sqft) 2-story house
  • Great natural light in this south-facing home
  • Two parking spaces
  • This house is currently being leased out on a corporate contract for ¥122,000, for an estimated gross yield of 11.2%
  • Please visit the full listing and to inquire to the agent on the property detail page.

4LDK house for sale in Kyoto. Image: Real Estate Co. Ltd.

Open concept living/dining/kitchen. Image: Real Estate Co. Ltd.

Renovated 2LDK house in Tokyo – Family-friendly neighborhood with easy access to downtown hub stations

Listing price: ¥17,800,000 ($163,000 USD)

Location: 10-min walk from Oji Kamiya Station on the Tokyo Metro Namboku line in Kita Ward, Tokyo.

This is a quiet, family-friendly residential neighborhood. It offers a combination of large parks and quick transportation into downtown hubs.

For example, here are approximate commute times from Oji Kamiya Station:

  • 15-min direct ride to Iidabashi Station
  • 23-min direct ride to Tameike-sanno Station
  • 25-min direct ride to Roppongi Itchome Station

Property Highlights:

  • 31.00 m² (333-sqft) 2-story house
  • Parking space, all Western-style rooms, large balcony
  • The agent is listing this home as a possible investment property
  • Please visit the full listing and to inquire to the agent on the property detail page.

Renovated 2LDK house for sale in Kita Ward, Osaka. Please click on the photo for the full listing. Image: World Potential

System kitchen, image: World Potential

Excellent natural light in this home, image: World Potential

1R apartment for sale near Nakano Shinbashi Station Tokyo – 13-min walk to Nishi Shinjuku Go Chome Station

Listing price: ¥17,800,000 ($163,000 USD)

Location: Excellent location in Nakano Ward, offering an easy commute to Shinjuku and other major stations in western Tokyo.

  • 3-min walk to Nakanoshinbashi Station (Tokyo Metro Marunouchi)
  • 10-min walk to Shin Nakano Station (Tokyo Metro Marunouchi)
  • 13-min walk to Nishi Shinjuku Go Chome Station (Toei Ōedo Line)

Property Highlights:

  • 21.57 m² (226-sqft) 2nd-floor corner unit in 6-story building
  • Excellent location near Shinjuku
  • Please visit the full listing and to inquire to the agent on the property detail page.

2nd-floor 1R apartment for sale in Nakano Ward, Tokyo. Please click on the photo for the full listing. Image: ReMax Amistad

New (2021) house for sale in Nishinari Ward, Osaka – Excellent location, buy as investment property or for your home

Listing price: ¥17,800,000 ($163,000 USD)

Location: 3-min walk from Tenjin No Mori station on the Hankai Tramway Hankai line in Nishinari Ward, Osaka, and

  • 5-min walk from Kishinosato Tamade Station (Nankai Main Line)
  • 9-min walk from Tengachaya Station (Osaka Municipal Subway Sakaisuji)

Excellent location in southern Osaka, with an an easy commute to major stations, including:

  • 5-min direct ride to Namba Station to Namba Station
  • 11-min direct ride to Sakai Station
  • 23-min ride to Osaka Station

Property Highlights:

  • 31.00 m² (333-sqft) 2-story house
  • Parking space, all Western-style rooms
  • The agent is listing this home as a possible investment property
  • Please visit the full listing and to inquire to the agent on the property detail page.

Newly built (2021) house for sale in Nishinari Ward, Osaka. Please click on the photo for the full listing and to inquire to the agent. Image: Kurofune

Bathroom, Image: Kurofune

Featured Agents

All of the agents who list properties on realestate.co.jp are bilingual in Japanese and English. Some agents can also handle inquiries in Traditional Chinese, Simplified Chinese, and other languages. Please click on the links below to see their listings:

FAQs About Buying Property 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

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.

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

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

What is the process for buying a property in Japan?

Please see our step-by-step guide: Guide to Buying Property 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

Bilingual Real Estate Agent in Tokyo Answers Your FAQs on Buying and Managing an Investment Property

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?

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Kansai Apartment Market Forecast: Supply and price trends to watch for in 2021


Lead photo: Hakone ropeway, iStock 515067506