What can you buy in Japan’s Smaller Cities for $150,000?

The year has just begun but already on Real Estate Japan, we’ve seen a very strong year-on-year increase in inquiries for residential properties in Tokyo, Osaka, and smaller cities.

If you wanted to buy a new condominium in the greater Tokyo area, you would be looking at an average listing price of ¥59.08 million ($535,000), a year-on-year increase of 7.6%, and the highest level since 1990 (during the bubble years).

The situation is comparable in the re-sale market. Tthe average listing price for a 70-sqm single-family house in Tokyo is about ¥54.30 million. If you want to buy in Osaka, you would get some relief, as the average for Osaka prefecture, is less than half: ¥25.73 million.

So when we are looking at examples of houses in Japan selling for $150,000 or about ¥16.4 million, we’re looking at properties that are listing for about 28% of the Tokyo average.

Let’s take a look at some examples of properties currently on the market in Japan’s smaller cities with a list price of about $150,000 or less.

4BR House for Sale in Ishikari, Hokkaido

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

Where: Ishikari-shi, Hokkaido. Ishikari lies on the west coast of Hokkaido, about 15-km northwest of Sapporo

Price: ¥13,800,000 ($127,000)

Size and Layout: 4BR (4LDK), 118-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1999

Notes: Bright and spacious, small deck and yard

4BR House for Sale in Nogi, Tochigi

4BR House for sale in Nogi-machi, Tochigi. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Where: Nogi-machi, Tochigi.  Nogi-machi, with a population of 25,300, is about 100-km north of Tokyo.

Price: ¥12,980,000 ($119,000)

Size and Layout: 4BR+ (4SLDK), 97-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1983

Notes: Excellent natural light, renovated kitchen

6BR House for Sale in Kofu, Yamanashi

6BR house for sale in Kofu, Yamanashi. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Where: Kofu, Yamanashi.  Kofu is a city of about 193,000, located 130-km west of Tokyo

Price: ¥15,980,000 ($147,000)

Size and Layout: 6BR+ (6LDK), 170-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1999

Notes: Spacious rooms with excellent natural light, several walk-in-closets, near the University of Yamanashi Kofu Campus

5BR House for Sale in Sakurai-shi, Nara

5BR house for sale in Sakurai-shi, Nara. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Where: Sakurai-shi, Nara.  Sakurai has a population of about 58,000 and is 55-km southeast of Osaka

Price: ¥13,800,000 ($147,000)

Size and Layout: 5BR+ (5LDK), 135-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1990

Notes: Japanese and western-style rooms, fenced landscaped garden, one parking space

4BR+ House for Sale Miki-shi, Hyogo

4BR house for sale in Miki-shi, Hyogo. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Where: Miki-shi, Hyogo. Miki has a population of 76,000 and is about 40-km northwest of Kobe

Price: ¥10,800,000 ($99,000)

Size and Layout: 4BR+ (4LDK), 138-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1996

Notes: Interior completely renovated in July 2017, small yard, one parking space

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