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The Hiroshima real estate market in 2026 offers a unique mix of affordable pricing, strong transport links, and tourism-driven demand that sets it apart from larger Japanese cities.
In this guide, we break down the current housing prices in Hiroshima, neighborhood trends, buyer challenges, and realistic forecasts, and we constantly update this blog post to reflect the latest data.
Whether you want a condo near Hiroshima Station or a detached house in the outer wards, understanding local market dynamics will help you make a smarter decision.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Hiroshima.
How's the real estate market going in Hiroshima in 2026?
What's the average days-on-market in Hiroshima in 2026?
As of early 2026, the estimated average days-on-market for residential properties in Hiroshima is around 70 to 90 days for condominiums and 90 to 130 days for detached houses, which means most homes sell within two to four months.
This range covers most typical Hiroshima listings, though well-priced condos near Hiroshima Station or in Naka-ku can move faster, sometimes in just four to six weeks, while overpriced or poorly located properties may sit for five months or longer.
Compared to one or two years ago, days-on-market in Hiroshima has remained relatively stable, with a slight lengthening in some outer wards due to higher interest rates making buyers more cautious, while central areas have held steady thanks to strong demand around the station redevelopment zone.
Are properties selling above or below asking in Hiroshima in 2026?
As of early 2026, the estimated average sale-to-asking price ratio for residential properties in Hiroshima is around 98% to 99%, meaning most homes sell slightly below their initial listing price.
Roughly 70% to 75% of Hiroshima properties sell at or below asking, while only about 10% to 15% sell above asking, and we have moderate confidence in these numbers because Japan's transaction data focuses on achieved prices rather than asking-to-sale tracking.
Properties most likely to see bidding wars and above-asking sales in Hiroshima are newer condominiums within a 10-minute walk of Hiroshima Station in Minami-ku, as well as move-in-ready units in Naka-ku near the Peace Memorial Park area, where demand from both locals and investors remains consistently strong.
By the way, you will find much more detailed data in our property pack covering the real estate market in Hiroshima.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Japan. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
What kinds of residential properties can I realistically buy in Hiroshima?
What property types dominate in Hiroshima right now?
In Hiroshima in 2026, the residential market is roughly split between condominiums (called "mansions" in Japan), which make up about 55% to 60% of transactions in the central wards, and detached houses, which dominate in the outer areas and represent around 40% to 45% of overall sales.
Condominiums represent the largest share of the market in central Hiroshima, particularly in wards like Naka-ku, Minami-ku, and Higashi-ku, where land is scarce and vertical living is the practical norm.
This condo dominance happened because Hiroshima's geography, with its rivers, hills, and limited flat land in the urban core, made high-density development the most efficient way to house a growing population near jobs and transit.
If you want to know more, you should read our dedicated analyses:
- How much should you pay for a house in Hiroshima?
- How much should you pay for an apartment in Hiroshima?
Are new builds widely available in Hiroshima right now?
New-build properties make up an estimated 15% to 20% of all residential listings in Hiroshima in 2026, which means the market is heavily weighted toward resale homes, though fresh supply does appear in targeted locations.
As of early 2026, the neighborhoods with the highest concentration of new-build developments in Hiroshima are Minami-ku around Hiroshima Station (benefiting from the recent station redevelopment), parts of Naka-ku near major tram lines, and select pockets in Asaminami-ku where larger family-oriented projects have emerged.
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Which neighborhoods are improving fastest in Hiroshima in 2026?
Which areas in Hiroshima are gentrifying in 2026?
As of early 2026, the neighborhoods in Hiroshima showing the clearest signs of gentrification are Minami-ku around Hiroshima Station, parts of Naka-ku near the city center and Peace Memorial Park, and select pockets of Higashi-ku that offer good access to the urban core at lower prices.
In these areas, you can see new cafes, boutique shops, and co-working spaces opening along tram routes, older apartment buildings being renovated into modern units, and a noticeable shift toward younger professionals and families moving in as the station-area upgrades make commuting easier.
Over the past two to three years, these gentrifying Hiroshima neighborhoods have seen estimated price appreciation of around 5% to 10%, with the strongest gains in properties closest to Hiroshima Station where the new tram integration has made a real difference in daily convenience.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Hiroshima.
Where are infrastructure projects boosting demand in Hiroshima in 2026?
As of early 2026, the top area in Hiroshima where major infrastructure projects are boosting housing demand is Minami-ku around Hiroshima Station, followed by corridors along the upgraded tram network and the downtown stadium district near Motomachi.
The key project driving demand is the Hiroden "Ekimae Ohashi Route," which integrated tram platforms directly into the new Hiroshima Station building, dramatically improving access and cutting commute times for residents in surrounding neighborhoods, while the EDION Peace Wing Hiroshima stadium has also lifted foot traffic and amenity appeal in the central area.
The Hiroden tram integration was completed in August 2025, so buyers in early 2026 are already seeing the full impact, while stadium-related improvements and ongoing station-area commercial developments are expected to continue rolling out through 2027.
Typically in Hiroshima, properties within a 10-minute walk of newly completed transit improvements see price gains of around 3% to 8% after completion, though much of this uplift often gets priced in once projects are announced and construction becomes visible.
We have made this infographic to give you a quick and clear snapshot of the property market in Japan. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
What do locals and insiders say the market feels like in Hiroshima?
Do people think homes are overpriced in Hiroshima in 2026?
As of early 2026, the general sentiment among locals and market insiders in Hiroshima is that newer condos in central areas like Naka-ku and near Hiroshima Station feel expensive relative to local wages, while outer wards and older stock are often seen as reasonably priced or even undervalued.
When locals argue homes are overpriced in Hiroshima, they typically point to rising construction costs, higher interest rates compared to the near-zero era, and the fact that newer condo prices have climbed faster than average salaries in the region.
Those who believe Hiroshima prices are fair counter that the city offers much better value than Tokyo, Osaka, or Fukuoka, that infrastructure upgrades like the station redevelopment justify higher prices in prime areas, and that rental demand from tourism helps support property values.
Hiroshima's price-to-income ratio is more favorable than Japan's major metros, with median home prices in central wards roughly five to seven times the average household income, compared to eight to twelve times in Tokyo, making Hiroshima relatively accessible for local buyers.
What are common buyer mistakes people regret in Hiroshima right now?
The most frequently cited buyer mistake in Hiroshima is underestimating the challenges of hillside properties, where buyers get attracted by lower prices in areas like parts of Asaminami-ku or Asakita-ku, only to regret the steep walks, difficult parking, and limited access during heavy rain or winter conditions.
The second most common mistake is buying in low-liquidity outer areas without checking whether similar properties actually sell, which can leave owners stuck when they want to move because there simply are not enough buyers interested in that location.
If you want to go deeper, you can check our list of risks and pitfalls people face when buying property in Hiroshima.
It's because of these mistakes that we have decided to build our pack covering the property buying process in Hiroshima.
Get the full checklist for your due diligence in Hiroshima
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
How easy is it for foreigners to buy in Hiroshima in 2026?
Do foreigners face extra challenges in Hiroshima right now?
The overall difficulty level for foreigners buying property in Hiroshima is moderate, as Japan allows foreign ownership without nationality restrictions, but the process involves significant paperwork and banking hurdles that local buyers do not face.
There are no blanket legal restrictions preventing foreigners from buying residential property in Hiroshima, though recent policy discussions in Japan about foreign ownership mean buyers should stay informed, and some documentation requirements like proof of funds and identity verification may be more stringent.
The most common practical challenges foreigners encounter in Hiroshima include navigating contracts and "important matters explanations" that are legally required to be in Japanese, finding a bank willing to open an account or provide a mortgage without permanent residency, and dealing with building management associations that may have rules or communications only in Japanese.
We will tell you more in our blog article about foreigner property ownership in Hiroshima.
Do banks lend to foreigners in Hiroshima in 2026?
As of early 2026, mortgage financing for foreign buyers in Hiroshima is available but limited, with the best options typically going to foreigners who have Japanese residency, stable Japan-based income, or ideally permanent residency status.
Foreign buyers in Hiroshima can generally expect loan-to-value ratios of around 60% to 80% depending on their residency status and income stability, with interest rates for long-term fixed products like Flat 35 currently around 1.8% to 2.2%, though variable rates may be lower.
Banks typically require foreign applicants in Hiroshima to provide proof of income (usually two to three years of tax records if employed in Japan), residence card documentation, proof of funds for the down payment, and often a larger down payment of 20% to 40% compared to the 10% to 20% that Japanese borrowers might need.
You can also read our latest update about mortgage and interest rates in Japan.
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 risky is buying in Hiroshima compared to other nearby markets?
Is Hiroshima more volatile than nearby places in 2026?
As of early 2026, Hiroshima's residential property market is generally less volatile than larger nearby markets like Osaka or Fukuoka, which attract more speculative investor activity, though it also tends to offer slower upside potential during boom periods.
Over the past decade, Hiroshima has experienced modest price swings of around 5% to 15% in either direction during market cycles, compared to Fukuoka where prices have risen more sharply (up 20% to 30% in strong years) but also carry more correction risk, while Okayama has remained similarly stable to Hiroshima.
If you want to go into more details, we also have a blog article detailing the updated housing prices in Hiroshima.
Is Hiroshima resilient during downturns historically?
Hiroshima's property market has shown moderate resilience during past economic downturns, largely because it is driven more by end-users like families and local workers rather than speculative investors who tend to exit quickly when conditions worsen.
During Japan's most recent notable downturn period, Hiroshima property prices dipped by an estimated 5% to 10% in weaker segments, with recovery taking roughly three to five years to return to pre-downturn levels, which is relatively mild compared to the sharper swings seen in Tokyo during earlier crisis periods.
The property types and neighborhoods in Hiroshima that have historically held value best during downturns are newer condominiums in Naka-ku and Minami-ku with strong transit access, while older condos with high maintenance fees and detached houses in car-dependent hillside areas tend to suffer the steepest discounts.
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How strong is rental demand behind the scenes in Hiroshima in 2026?
Is long-term rental demand growing in Hiroshima in 2026?
As of early 2026, long-term rental demand in Hiroshima is stable in the central wards but softening in peripheral areas, reflecting Japan's broader demographic patterns where urban cores hold steady while outer zones face declining interest.
The tenant demographics driving long-term rental demand in Hiroshima include young professionals working in the city's manufacturing and service sectors, families seeking good schools and transit access, university students attending Hiroshima University or other local institutions, and a small but steady stream of expats and corporate transferees.
The neighborhoods with the strongest long-term rental demand in Hiroshima right now are Naka-ku for its central convenience and walkability, Minami-ku for its excellent Hiroshima Station access, and Asaminami-ku for families who want more space while still having reasonable commutes.
You might want to check our latest analysis about rental yields in Hiroshima.
Is short-term rental demand growing in Hiroshima in 2026?
Japan's minpaku (short-term rental) regulations require hosts to register their properties and limit annual rental days to 180 in most areas unless operating as a licensed hotel or ryokan, which affects how profitably you can run an Airbnb-style rental in Hiroshima.
As of early 2026, short-term rental demand in Hiroshima is growing, driven by Japan's strong inbound tourism recovery that has brought visitor numbers back above pre-pandemic levels and created consistent demand for accommodation near popular sites.
The current estimated average occupancy rate for short-term rentals in well-located Hiroshima properties is around 60% to 75%, with higher rates during peak tourism seasons like spring cherry blossom and autumn foliage periods.
The guest demographics driving short-term rental demand in Hiroshima are primarily international tourists visiting the Peace Memorial Park and taking day trips to Miyajima, along with domestic travelers, business visitors, and a growing number of longer-stay digital nomads exploring Japan beyond Tokyo.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Hiroshima.
We made this infographic to show you how property prices in Japan compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What are the realistic short-term and long-term projections for Hiroshima in 2026?
What's the 12-month outlook for demand in Hiroshima in 2026?
As of early 2026, the 12-month demand outlook for residential property in Hiroshima is cautiously positive in central areas near Hiroshima Station and along major tram routes, while demand in outer wards is expected to remain flat or soften slightly.
The key factors most likely to influence Hiroshima housing demand over the next 12 months are the Bank of Japan's interest rate path (which affects mortgage affordability), continued tourism recovery supporting rental investment appetite, and whether the post-station-redevelopment momentum keeps attracting buyers to Minami-ku.
Based on current trends, the forecasted price movement for Hiroshima over the next 12 months is modest growth of around 1% to 4% in prime central locations, with prices likely to stay flat or edge down slightly in peripheral areas where demand is weaker.
By the way, we also have an update regarding price forecasts in Japan.
What's the 3 to 5 year outlook for housing in Hiroshima in 2026?
As of early 2026, the 3 to 5 year outlook for Hiroshima housing points toward a two-speed market where central, transit-rich areas maintain or grow their values while car-dependent outer wards face increasing vacancy pressure and potential price declines.
Major development projects expected to shape Hiroshima over the next 3 to 5 years include continued commercial buildout around Hiroshima Station, potential extension or improvement of tram and transit connections, and urban renewal efforts in aging commercial districts of Naka-ku.
The single biggest uncertainty that could alter Hiroshima's 3 to 5 year outlook is the pace and extent of Bank of Japan interest rate normalization, because if rates rise faster than expected, buyer affordability would tighten significantly and transaction volumes could drop even in desirable areas.
Are demographics or other trends pushing prices up in Hiroshima in 2026?
As of early 2026, demographic trends in Hiroshima are creating mixed price pressure, with concentration of demand into convenient central wards pushing those prices up, while aging population and household decline in outer areas create downward pressure there.
The specific demographic shifts most affecting Hiroshima prices are the continued migration of younger residents toward transit-accessible neighborhoods, an aging population that increases the supply of inherited homes in less desirable locations, and slower household formation overall, which limits total buyer demand growth.
Beyond demographics, non-demographic trends pushing Hiroshima prices include tourism recovery supporting short-term rental investment interest near Peace Memorial Park and Miyajima access routes, the "work from anywhere" shift making regional cities more attractive to some Tokyo escapees, and ongoing construction cost inflation making new builds more expensive.
These demographic and trend-driven price pressures in Hiroshima are expected to continue for at least the next 5 to 10 years, as Japan's aging society is a structural reality and tourism growth appears durable, though the intensity may fluctuate with economic cycles.
What scenario would cause a downturn in Hiroshima in 2026?
As of early 2026, the most likely scenario that could trigger a housing downturn in Hiroshima would be a combination of sharply rising interest rates that squeeze buyer affordability together with a weakening local job market that reduces household formation and purchasing power.
Early warning signs that such a downturn is beginning in Hiroshima would include a noticeable increase in days-on-market for even well-located condos, declining transaction volumes in REINS reports, rising inventory levels, and local employers announcing job cuts or facility closures in the manufacturing sector.
Based on historical patterns, a potential downturn in Hiroshima could realistically see prices decline by 10% to 15% in vulnerable segments like older condos with high maintenance costs and houses in car-dependent hillside areas, while prime central properties might only dip 3% to 7% before stabilizing.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Hiroshima, we always rely on the strongest methodology we can, and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| MLIT Reinfolib | It is the Japanese government's official portal for actual transaction prices, land values, and real estate datasets. | We used it as our main source for what buyers actually paid for properties in Hiroshima. We also checked it for price trends and to verify neighborhood-level market activity. |
| West Japan REINS | REINS is Japan's official real estate information network used by licensed brokers to register and close deals. | We used it to understand market flow, including deal counts and how quickly properties are selling in Hiroshima. We also looked at their regional reports to gauge buyer and seller momentum. |
| Bank of Japan | It is Japan's central bank and the official source for monetary policy decisions that affect mortgage rates. | We used it to understand the interest rate environment shaping buyer affordability in 2026. We cross-checked it against other sources to avoid relying solely on media reports. |
| JHF Flat 35 | JHF is the government-affiliated agency behind Japan's main long-term fixed mortgage product. | We used it to anchor what borrowing costs actually look like for buyers in Hiroshima in early 2026. We then translated those rates into practical affordability implications for different buyer profiles. |
| Statistics Bureau of Japan | It is Japan's national statistics office providing official data on population, housing, and economic trends. | We used it to understand the demographic drivers behind housing demand in Hiroshima. We also compared local signals against national patterns like aging and household formation. |
| JNTO Tourism Statistics | It is Japan's official tourism organization providing verified visitor data used by government and industry. | We used it to assess short-term rental demand context driven by inbound tourism. We then localized those findings to Hiroshima's specific tourism hotspots like Peace Memorial Park. |
| Hiroden Ekimae Ohashi Route | It is the official source for one of Hiroshima's biggest recent transport infrastructure projects. | We used it to identify exactly where accessibility improvements happened around Hiroshima Station. We connected those changes to which neighborhoods benefit from better commute times. |
| Anabuki Real Estate | It is a well-known regional brokerage that reports local deal activity and market sentiment in Hiroshima. | We used it as a local pulse check to complement government data that can lag by several months. We only kept insights that matched the direction shown in MLIT and REINS data. |
| World Bank Hiroshima Study | It is a credible international institution analyzing Hiroshima's urban land management and development history. | We used it for structural context about how Hiroshima's city layout and land policies shape supply constraints. We kept it strictly as background and did not use it for price figures. |
| MLIT (Ministry) | It is the Japanese ministry responsible for land, housing, transport, and official land price surveys. | We used it as the institutional anchor explaining why MLIT datasets are authoritative. We then relied on the actual data portals like Reinfolib for the numbers themselves. |
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