What is the average house price in Osaka?

Authored by the expert who managed and guided the team behind the Japan Property Pack

Yes, the analysis of Osaka's property market is included in our pack

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Osaka. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At BambooRoutes, we explore the Japanese real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Osaka, Tokyo, and Kyoto. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

What's the current average house price in Osaka?

As of September 2025, the average house price in Osaka varies significantly by property type and location.

New condominiums command the highest prices at ¥55-57 million ($390,000-$410,000), with an average price per square meter of ¥875,000. These properties typically range from 60-80 square meters in central locations.

Existing condominiums offer more affordable options at approximately ¥33-47 million for 70-100 square meter units, with an average price per square meter of ¥477,000. The wide price range reflects differences in age, location, and building quality.

Standalone houses average ¥24.33 million ($161,561) across the city, though this figure encompasses both suburban properties starting around ¥20 million and central standalone homes that can exceed ¥40 million.

It's something we develop in our Japan property pack.

How do prices differ between apartments, condos, and standalone houses?

Property type significantly impacts pricing in Osaka's real estate market, with condominiums generally commanding premium prices.

Property Type	Average Price Range	Price per m²
New Condominiums	¥55-57 million	¥875,000
Existing Condominiums	¥18-45 million	¥477,000
Standalone Houses (Used)	¥20-40 million	Varies by lot size
Luxury Condominiums	¥60+ million	¥1.2-1.5 million
Suburban Houses	¥20-30 million	N/A
Apartments (Rental)	Purchase rare	Lower than condos

What are the average prices across central Osaka, suburban areas, and upcoming neighborhoods?

Location remains the primary price driver in Osaka's property market, with dramatic variations between districts.

Central Osaka districts including Kita, Chuo, Tennoji, and Namba command the highest prices. New condominiums in these areas regularly exceed ¥60 million, with price per square meter reaching ¥1.5 million in luxury districts like Umeda and Shinsaibashi. Prime central locations offer proximity to business districts, shopping, and transportation hubs.

Suburban areas provide significantly more affordable options, with houses and apartments typically priced between ¥20-30 million. The northern and western suburbs offer price per square meter rates of ¥1,500-2,300, making them attractive for families and investors seeking rental yields.

Upcoming neighborhoods like Nishinari and Ikuno present exceptional value opportunities at ¥1,500-2,000 per square meter. These areas benefit from ongoing redevelopment projects and infrastructure improvements, offering potential for significant appreciation as urban renewal accelerates.

How much do prices vary depending on the size or surface area of the property?

Property prices in Osaka show clear correlation with size, though price per square meter varies significantly by location and property type.

New condominiums in central areas average ¥875,000 per square meter, making a typical 65-square-meter unit cost approximately ¥57 million. Larger units of 80-100 square meters in the same buildings can reach ¥70-87 million.

Existing condominiums offer better value at ¥477,000 per square meter, allowing buyers to purchase 70-square-meter units for around ¥33 million or 100-square-meter properties for approximately ¥48 million.

Luxury districts like Umeda and Chuo command premium rates of ¥1.2-1.5 million per square meter, where even small 50-square-meter units can cost ¥60-75 million. Conversely, affordable districts offer properties below ¥500,000 per square meter, making larger family homes accessible.

Standalone houses vary more widely as lot size and building age significantly impact total value beyond just interior square footage.

What's the typical total purchase cost once you include fees, taxes, and other expenses?

Property buyers in Osaka should budget an additional 5-8% of the purchase price for mandatory fees and taxes.

Cost Component	Percentage/Amount	Description
Broker Fee	3% + ¥60,000 + 10% tax	Standard real estate commission
Acquisition Tax	3-4% of property value	One-time purchase tax
Registration Fees	<1% of property value	Legal documentation costs
Annual Property Tax	1.4% of assessed value	Ongoing yearly obligation
City Planning Tax	Up to 0.3% assessed value	Additional municipal charge
Insurance & Misc	Varies	Fire insurance, small fees

For a ¥50 million condominium, buyers should expect total acquisition costs of ¥52-54 million, plus ongoing annual property taxes of approximately ¥700,000-1,000,000 based on assessed values.

How do mortgage options and interest rates affect the real cost of buying in Osaka right now?

Rising interest rates in 2025 are significantly impacting the total cost of property ownership in Osaka.

Fixed 35-year "Flat 35" mortgages now reach up to 3.69% APR for loan-to-value ratios of 90% or less. Five-year fixed mortgages from city banks average 4.11% as of March 2025, representing substantial increases from previous years' ultra-low rates.

Variable rate mortgages remain slightly lower but are rising as the Bank of Japan gradually increases policy rates. Buyers requiring financing above 80% of property value face higher rates and more stringent qualification requirements.

For a ¥50 million property purchase with ¥10 million down payment, a ¥40 million mortgage at 4% over 35 years results in monthly payments of approximately ¥177,000. The same loan at 2% would cost ¥132,000 monthly, highlighting how rate increases meaningfully reduce affordability.

Cash buyers gain significant negotiating power in the current environment as financing costs make leveraged purchases less attractive.

What are some concrete examples of recent purchase prices in different areas?

Recent transactions across Osaka demonstrate the wide price variations between neighborhoods and property types.

In Hirano-ku, a renovated 1LDK apartment sold for approximately $89,000 (¥13.3 million), offering modern amenities just five minutes from the station. This suburban location provides excellent value for first-time buyers or investors.

Neyagawa, another suburban area, featured a new three-bedroom house selling for $66,000 (¥9.9 million), demonstrating exceptional affordability for families seeking space and modern construction.

Central luxury markets tell a different story, with large new penthouses or premium family units in Kita, Chuo, and Abeno commanding ¥100-150 million. These properties target high-net-worth individuals and offer proximity to business districts and luxury amenities.

Mid-tier central areas like Tennoji and Nippombashi offer balance, with quality condominiums ranging ¥40-70 million depending on size and building amenities.

It's something we develop in our Japan property pack.

Which neighborhoods are the most expensive, which are budget-friendly, and which are up-and-coming?

Category	Neighborhoods	Price Range (per m²)
Most Expensive	Kita (Umeda), Chuo (Shinsaibashi), Abeno	¥1.2-1.5 million
Budget-Friendly	Shinsekai, Western/Northern suburbs	¥300-600
Up-and-Coming	Ikuno, Nishinari, Naniwa	¥1,500-2,000
Established Mid-Tier	Tennoji, Nippombashi	¥600-900
International Areas	Ikuno (large expat population)	¥1,500-2,500
Transit-Connected	Shin-Osaka, Bay Area	¥700-1,100

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Japan versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

How have property prices changed compared to 5 years ago and compared to 1 year ago?

Osaka's property market has experienced robust growth over both short and medium-term periods, significantly outperforming many Japanese metropolitan areas.

Year-over-year changes show existing condominiums posting impressive 9.4% growth from 2024 to 2025, while new condominiums experienced a slight decrease of 5.3% after substantial 15% gains in 2024. Standalone houses remained relatively stable with a modest 0.6% decline.

The five-year trend from 2019 to 2024 reveals cumulative appreciation of 35-40% for existing condominiums and 20-30% for houses and land, particularly in central areas. This sustained growth reflects Osaka's transformation into a major international destination and business hub.

Central districts like Umeda, Chuo, and Tennoji have shown the strongest appreciation, driven by infrastructure investments, corporate relocations, and increased tourism. Emerging areas have begun showing accelerated growth as redevelopment projects gain momentum.

The upcoming Expo 2025 has created additional momentum, with properties near exhibition sites and new transportation links experiencing premium appreciation.

What are the forecasts for Osaka real estate prices in 1 year, 5 years, and 10 years?

Expert forecasts for Osaka's property market remain optimistic across all time horizons, though growth rates are expected to moderate from current levels.

One-year projections through 2026 anticipate continued strong growth of 5-8% annually, driven by Expo 2025 momentum, new rail connections, infrastructure improvements, and sustained tourism recovery. The event's international exposure is expected to attract increased foreign investment.

Five-year outlook through 2030 suggests more moderate but sustained growth of 3-5% annually, as the market matures and development projects reach completion. Osaka is likely to outperform many Japanese metropolitan areas due to its robust redevelopment pipeline and strategic economic positioning.

Ten-year projections through 2035 indicate Osaka will likely follow broader national real estate trends, with risks of plateau unless population growth or sustained foreign investment continues. However, the city remains positioned as a top performer for value growth within Japan due to its international connectivity and business development.

Infrastructure investments including the Linear Shinkansen extension and airport expansions are expected to provide long-term value support.

What are the smartest buying strategies today if you want to live there, rent short-term, rent long-term, or buy to resell later?

1. **Living in Osaka**: Focus on central or mid-tier districts like Tennoji and Nippombashi for optimal blend of value and quality of life. Avoid bubbling luxury markets unless proximity to specific amenities is essential. Consider transportation connectivity and local amenities for long-term satisfaction.2. **Short-term rental investment**: Target properties near transportation hubs, Expo sites, and tourist attractions in Umeda, Shin-Osaka, and Bay Area. Research local regulations on Airbnb and Minpaku operations, as rules continue evolving. Properties with modern amenities and English-friendly features command premium rates.3. **Long-term rental strategy**: Consider emerging areas like Ikuno, Naniwa, and suburban rail-connected locations for lowest entry prices and strongest rental yields. These areas offer growing demand from both domestic and international tenants while maintaining affordable purchase prices.4. **Resale investment**: Buy in upcoming or actively redeveloping areas with confirmed new infrastructure, particularly Nishinari and western bay districts. Focus on properties near planned transportation improvements and mixed-use developments for optimal capital gains potential.5. **Diversification approach**: Consider splitting investments between stable central properties for steady returns and emerging area properties for growth potential.

How does the average price in Osaka compare with other big cities in Japan and similar international cities?

Osaka offers compelling value compared to other major Japanese cities and international metropolitan areas.

Within Japan, Tokyo commands significantly higher prices with new condominiums averaging ¥91.4 million and central area prices of ¥1,116,000 per square meter—approximately 60-65% more expensive than Osaka. Kyoto prices slightly exceed Osaka at around ¥60 million for new condominiums.

Fukuoka provides similar pricing to Osaka at ¥55-56 million for new condominiums, while Sapporo offers more affordable options at approximately ¥51.5 million. This positions Osaka in the upper-middle tier of Japanese metropolitan markets.

Internationally, Osaka's city center averages $5,810-6,000 per square meter compared to Tokyo's $10,130. Major Asian cities including Hong Kong, Singapore, Seoul, and Taipei typically cost 2-3 times Osaka's per-square-meter rates.

Global comparison shows Osaka significantly more affordable than London, Paris, or major American metropolitan areas, while offering developed infrastructure, cultural attractions, and business opportunities comparable to much more expensive cities.

It's something we develop in our Japan property pack.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Osaka Price Forecasts - Bamboo Routes
2. Japan Price History - Global Property Guide
3. How Much is a House in Japan - E-Housing
4. Average House Price Japan - Bamboo Routes
5. Expensive Areas to Live in Osaka - Igni7e
6. Best Areas Osaka - Bamboo Routes
7. Can Foreigners Buy Property in Japan - Taxes for Expats
8. Cost to Buy Home in Japan - GaijinPot
9. Japan Interest Rates Flat 35 - Statista
10. Osaka Real Estate Forecasts - Bamboo Routes