What can you buy in the Tokyo suburbs for $230,000 or Less?

Despite near record-level listing prices in the greater Tokyo area, this month on Real Estate Japan we are continuing to see strong demand from buyers interested in buying first homes and investment properties. In this month’s installment of what you can buy in Tokyo, we feature homes in the Tokyo suburbs with a list price of $230,000 or less.

The average listing price for a new condominium in Tokyo is ¥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. The average listing price for a 70-sqm single-family house in Tokyo is about ¥54.30 million. In Osaka, the average listing price is less than half in Tokyo: ¥25.73 million.

So when we are talking about houses with a list price of $230,000 (¥25 million), we’re looking at properties that are listing for 40% of the Tokyo average.

Below, let’s take a look at examples of what is currently available in the Tokyo suburbs for $230,000 or less.

New 4BR House for Sale – Yachimata-shi, Chiba – 1 Hr Ride to Tokyo

New (2018) 4BR house for sale in Yachimata-shi, Chiba. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Where: Yachimata-shi, Chiba. About 60-km east of Tokyo (an hour ride to Tokyo Station).

Price: ¥22,600,000 ($208,000)

Size and Layout: 4BR (4LDK), 106-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 2018

Notes: Western and Japanese-style rooms, small garden, two parking spaces

2BR House for sale Minami Ward, Yokohama

2BR+ house for sale in Minami Ward, Yokohama. Please click on the image for the full listing, interior photos, and to inquire directly to the agent.

Where: Minami Ward, Yokohama. About a 15-min ride to Yokohama Station, 1-hr ride to Tokyo Station.

Price: ¥25,000,000 ($230,000)

Size and Layout: 1BR+ Bonus Room (2SDK), 66-sqm

Floors: 3-stories

Land rights: Freehold

Year Built: 2003

Notes: All western-style rooms, one parking space

4BR House for Sale Nerima Ward, Tokyo

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

Where: Nerima Ward, Tokyo. About an hour train ride to Shinjuku Station.

Price: ¥24,900,000 ($230,000)

Size and Layout: 4BR (4LDK), 82-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1998

Notes: Small yard, Mt. Fuji views, Japanese and western-style rooms

4BR House for Sale in Tama-shi

3BR house for sale in Tama-shi. Please click on the photo for the full listng, more photos, and to inquire directly to the agent.

Where: Tama-shi, Tokyo. About an hour train ride to Shinjuku Station.

Price: ¥24,800,000 ($230,000)

Size and Layout: 3BR (3LDK), 89-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1996

Notes: All western-style rooms, one parking space, family friendly neighborhood. Near Renkoji Yasuragi Park.

4BR House for Sale Odawara-shi

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

Where: Odawara-shi, Kanagawa. About 1.5-hour train ride to Shinjuku Station.

Price: ¥15,800,000 ($145,000)

Size and Layout: 4BR (5DK), 140-sqm

Floors: 2-stories

Land rights: Freehold

Year Built: 1994

Notes: Fenced yard, covered parking space, western and Japanese-style rooms.

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

Top Photo: Tama-shi, a western suburb of Tokyo