What is the average property price in Hiroshima?

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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 Hiroshima. If you'd like to learn more about us, you can check our presentation page.

What's the current average property price in Hiroshima?

As of September 2025, the average property price in Hiroshima varies significantly depending on location and property type.

Central apartments in Naka and Minami wards command approximately ¥271,000 per square meter, which translates to roughly $1,817 per square meter. Suburban apartments are considerably more affordable at around ¥170,000 per square meter or about $1,133.

Detached homes in suburban areas typically range from ¥25 million to ¥35 million, equivalent to $179,000 to $250,000. For those looking at land purchases, the prefecture average stands at ¥141,900 per square meter or $948.

A typical example would be a 50 square meter central apartment costing approximately ¥13.5 million, while luxury condos citywide can reach ¥1.2 to ¥1.5 million per square meter. High-end homes in prime waterfront locations fetch between ¥70 million and ¥100 million.

Budget-conscious buyers can find central apartments starting from ¥15-25 million, while rural properties begin at ¥5-20 million.

How do prices vary depending on the type of property, like apartments, houses, or land?

Property prices in Hiroshima show distinct patterns based on type, location, and quality level.

Which neighborhoods in Hiroshima are the most expensive, the most budget-friendly, and the ones up-and-coming?

Hiroshima's neighborhoods show clear price stratification based on amenities, location, and development prospects.

The most expensive areas are Naka Ward and Minami Ward, which represent the city's central districts. These areas command premium prices due to their proximity to business centers, excellent amenities, and historical appreciation rates. Properties here benefit from the best transportation links and urban conveniences.

Budget-friendly neighborhoods include Asaminami Ward, Aki Ward, and Saeki Ward. These suburban areas offer excellent value for families, with good commuter connections to the city center while maintaining lower property costs. They provide spacious housing options ideal for those prioritizing living space over central location.

Up-and-coming areas worth watching are Aki Ward, Saeki Ward, and redevelopment zones near Hiroshima Station and Motomachi. These districts feature new development projects, improving infrastructure, and strong potential for future price growth. Investors targeting capital appreciation should focus on these emerging neighborhoods.

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What are example purchase prices for typical properties across different areas?

Hiroshima's property prices vary dramatically across different neighborhoods and property types.

In central areas like Naka and Minami wards, a typical 2-bedroom apartment ranges from ¥35-45 million, while luxury condos can reach up to ¥100 million. These central locations command premium prices due to their convenience and urban amenities.

Waterfront and luxury areas showcase the highest-end properties, with detached homes featuring sea views priced between ¥70-100 million. These properties represent the pinnacle of Hiroshima's residential market.

Up-and-coming suburban areas like Aki and Saeki wards offer houses priced between ¥35-60 million, with land plots available at more affordable rates per tsubo. These areas provide excellent value for growing families and investors.

Smaller properties including studios and 1-bedroom apartments cost approximately ¥15-30 million in well-located but less expensive districts. Medium-sized properties with 2-3 bedrooms typically range from ¥35-60 million depending on specific area and building quality. Large properties, particularly 4-bedroom detached homes, start at ¥70 million and increase significantly in central or luxury locations.

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How do prices compare for small, medium, and large surface areas?

Property prices in Hiroshima scale predictably with surface area, but the price per square meter often decreases for larger properties.

Small properties under 40 square meters, typically studios or compact apartments, cost between ¥12-25 million in central new builds, with suburban and rural options available for less. These compact units offer the highest price per square meter but provide entry-level investment opportunities.

Medium-sized properties ranging from 50-90 square meters generally cost ¥20-40 million. These represent the sweet spot for most buyers, offering reasonable living space at moderate total investment levels.

Large properties exceeding 100 square meters are almost exclusively detached houses, with suburban options starting at ¥35-70 million and central or luxury locations commanding significantly higher prices. These properties offer the best value per square meter but require substantial upfront investment.

The scaling benefits become apparent when comparing price per square meter across sizes, with larger properties often offering better unit economics for buyers seeking maximum space.

What's the total cost of buying a property once you add in taxes, fees, and other charges?

Property acquisition costs in Hiroshima extend beyond the purchase price, with additional expenses typically adding 5-8% to the total investment.

Stamp tax represents one of the smaller costs, ranging from ¥10,000 to ¥30,000 depending on the property's purchase price. This government fee applies to all property transactions regardless of buyer nationality.

Real estate agent fees follow Japan's standard structure, capping at 3.24% of the purchase price plus ¥64,800. This represents the maximum legal limit, though some agents may charge less for competitive situations.

Registration, legal, and other administrative fees typically account for 2-4% of the purchase price. These costs cover property registration, legal documentation, surveys, and various administrative requirements for completing the transaction.

Foreign buyers face the same fee structure as Japanese nationals, with total additional costs consistently ranging from 5-8% of the purchase price. Buyers should budget accordingly to avoid surprises during the acquisition process.

How much would a mortgage typically cost per month for an average property?

Mortgage costs in Hiroshima depend on loan amount, term length, and current interest rates prevalent in the Japanese market.

The average home loan payment across Japan stood at ¥93,500 per month (approximately $625) in 2023, providing a baseline for typical mortgage obligations. This figure reflects the national average across all property types and locations.

For a specific Hiroshima example, a ¥40 million property financed over 35 years at 0.9% interest would require monthly payments of approximately ¥111,000. This calculation assumes standard loan terms and competitive interest rates.

As of 2025, median fixed interest rates for 5-year terms average 4.11%, representing current market conditions. Interest rates significantly impact monthly payments, with higher rates substantially increasing borrowing costs.

Buyers should factor mortgage payments into their overall investment calculations, ensuring monthly obligations align with their financial capacity and investment returns for rental properties.

How have property prices in Hiroshima changed over the last 5 years and the last year?

Hiroshima's property market has experienced robust growth over recent years, with particularly strong performance in central and new construction segments.

Over the past year, existing condominiums appreciated by 9%, while new condominiums saw dramatic increases of up to 42.5% in 2023. This exceptional growth reflects strong demand for new construction and central locations.

The 5-year trend shows moderate but steady growth averaging 5-10% annually for mid-tier properties, while central and luxury new builds have experienced 20-42% appreciation since 2020. This sustained growth demonstrates the market's underlying strength.

Suburban and older properties have shown minimal growth or remained flat, with some outer areas experiencing slight declines. This pattern reflects buyer preference for modern amenities and central locations over suburban convenience.

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

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.

What are the forecasts for property prices in Hiroshima over the next 1 year, 5 years, and 10 years?

Property price forecasts for Hiroshima indicate continued growth with varying intensity across different time horizons.

Next year's outlook suggests moderate price increases continuing the current upward momentum, particularly in central areas. Market analysts expect the growth trend to persist through 2026, driven by ongoing redevelopment and infrastructure improvements.

Five-year projections anticipate 20-30% further growth in key areas, assuming redevelopment and infrastructure trends continue. This forecast reflects confidence in Hiroshima's long-term development trajectory and economic fundamentals.

Ten-year projections suggest continued growth but with likely flattening as demographic pressures mount across Japan. Central and prime neighborhoods are expected to significantly outperform suburban and secondary locations over this extended timeframe.

Investors should focus on properties in redevelopment zones and central locations to maximize appreciation potential while considering Japan's broader demographic trends affecting long-term demand.

How do Hiroshima's property prices compare to other big, similar Japanese cities?

Hiroshima offers exceptional value compared to Japan's major metropolitan areas while maintaining competitive growth prospects.

What are the smartest choices today if you want to live in the property, rent it out short term, rent it out long term, or buy to resell later?

Investment strategies in Hiroshima should align with specific goals and market dynamics for optimal returns.

For owner-occupiers, the smartest choice involves purchasing in up-and-coming suburban areas like Aki and Saeki wards, or affordable central districts in Minami ward. These locations offer the best combination of price, lifestyle amenities, and commute convenience for daily living.

Short-term rental investors should focus on central areas including Naka and Minami wards, particularly properties near tourist attractions and Hiroshima Station. These locations can achieve rental yields of 4.5-5.5%, though investors must verify compliance with Minpaku (Airbnb) regulations.

Long-term rental strategies work best in central areas or suburban locations with high family and student demand. New or recently renovated units appeal most to tenants, with potential yields ranging from 4-6% in well-chosen locations.

Buy-to-resell investors should target properties in redevelopment zones around Hiroshima Station and Motomachi, newly built luxury central apartments, and emerging neighborhoods with infrastructure improvements. These areas show the strongest appreciation prospects for capital gains strategies.

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

Overall, what are the best options right now for someone deciding whether to buy in Hiroshima?

Hiroshima presents compelling opportunities for property buyers across multiple investment profiles and budgets as of September 2025.

The city's affordability advantage is substantial, with entry prices significantly lower than other major Japanese cities while maintaining robust growth prospects and competitive rental yields. This combination creates an attractive risk-return profile for investors.

Best investment strategies vary by objective: central Naka and Minami wards offer optimal capital appreciation potential, outer wards like Aki and Saeki provide excellent value for lifestyle-focused buyers, while Nishi and Asaminami wards suit yield-focused rental investors with appropriate risk assessment.

Transaction processes favor international buyers, with no foreign ownership restrictions and predictable additional costs of 5-8% above purchase prices for taxes and fees. This transparent cost structure simplifies investment planning and execution.

Strategic buyers should target emerging redevelopment districts, new or luxury builds for resale potential, and centrally located units for rental income or short-term accommodation. The current market timing favors value-oriented buyers and medium-term investors seeking moderate capital growth with above-average rental yields compared to Japan's largest metropolitan markets.

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. BambooRoutes Hiroshima Price Forecasts
2. BambooRoutes Hiroshima Real Estate Market
3. BambooRoutes Hiroshima Property
4. RealEstate.co.jp Hiroshima Listings
5. RealEstate.co.jp Cost of Buying Real Estate in Japan
6. Statista Japan Monthly Mortgage Repayments
7. RealEstate.co.jp Yen Mortgage Loan Calculator
8. Statista Japan Five Year Fixed Home Loan Interest Rate
9. Japan Property Blog Investment Details
10. Numbeo Hiroshima Property Investment