Authored by the expert who managed and guided the team behind the Japan Property Pack
Everything you need to know before buying real estate is included in our Japan Property Pack
Several Japanese cities still offer apartments and small houses under $200,000 as of September 2025. Cities like Sapporo, Fukuoka, Hiroshima, Nagoya, and Kobe consistently feature hundreds of affordable listings, while even Tokyo and Kyoto suburbs have select opportunities for budget-conscious buyers.
These affordable properties typically range from 40 to 120 square meters and are located 15 to 60 minutes from major city centers. Foreign buyers face no purchase restrictions, and rental yields in these areas average 4-7% annually, making them attractive for both investment and relocation purposes.
If you want to go deeper, you can check our pack of documents related to the real estate market in Japan, based on reliable facts and data, not opinions or rumors.
As of September 2025, Sapporo, Fukuoka, Hiroshima, Nagoya, and Kobe offer the most sub-$200k property listings in Japan, with hundreds of options ranging from 40-120m² apartments and houses.
These affordable properties average $1,800-$3,000 per square meter, are typically 20-40 years old, and generate rental yields of 4-7% annually with no foreign ownership restrictions.
| City | Listings Under $200k | Average Price/m² | Typical Size Range | Distance from Center | Rental Yield |
|---|---|---|---|---|---|
| Sapporo | 200+ listings | $1,800-$2,500/m² | 45-80m² apartments | 15-40 minutes | 5-7% |
| Fukuoka | 150+ listings | $2,000-$2,800/m² | 40-70m² units | 20-45 minutes | 4-6% |
| Hiroshima | 120+ listings | $1,900-$2,600/m² | 50-90m² properties | 15-35 minutes | 4-6% |
| Nagoya | 100+ listings | $2,200-$3,000/m² | 45-75m² units | 25-50 minutes | 4-5% |
| Kobe | 80+ listings | $2,100-$2,900/m² | 40-65m² apartments | 20-40 minutes | 4-6% |
| Tokyo Suburbs | 50+ listings | $2,500-$3,500/m² | 35-60m² units | 45-90 minutes | 3-5% |
| Kyoto Suburbs | 30+ listings | $2,300-$3,200/m² | 40-70m² properties | 30-60 minutes | 3-5% |
Which Japanese cities still have apartments or small houses listed under $200k right now?
Sapporo, Fukuoka, Hiroshima, Nagoya, and Kobe consistently offer the most sub-$200k property listings in Japan as of September 2025.
Sapporo leads with over 200 active listings under $200k, primarily featuring apartments in established neighborhoods like Kita-ku and Nishi-ku. Fukuoka follows with approximately 150 listings, concentrated in areas like Nishi-ku and Minami-ku that are well-connected by public transport but located outside the immediate city center.
Hiroshima maintains around 120 listings under $200k, with many properties located in residential districts like Minami-ku and Aki-ku. Nagoya offers roughly 100 listings, though prices trend slightly higher due to its proximity to major industrial centers. Kobe provides about 80 listings, mostly in older residential areas that are still accessible to the city's business districts.
Tokyo and Kyoto suburbs present more limited options, with Tokyo's western areas like Hachioji and Tachikawa offering approximately 50 listings under $200k. Kyoto's affordable inventory consists of about 30 listings, primarily akiya (vacant houses) or older apartments in less central locations.
It's something we develop in our Japan property pack.
How many listings under $200k are available in each of these cities?
The availability of sub-$200k listings varies significantly across Japanese cities, with secondary cities offering substantially more options than major metropolitan areas.
Sapporo dominates the affordable housing market with 200+ active listings under $200k, benefiting from lower overall property values and a steady supply of older apartments and small houses. The city's relatively stable population and moderate demand keep prices accessible for budget-conscious buyers.
Fukuoka maintains 150+ listings in this price range, driven by its growing economy and continuous urban development that creates opportunities in both established and emerging neighborhoods. Hiroshima offers 120+ listings, with a mix of post-war reconstruction housing and newer developments in suburban areas.
Nagoya's 100+ listings reflect higher baseline property values due to its industrial importance and proximity to major employment centers. Kobe provides approximately 80 listings, with inventory concentrated in residential areas that experienced significant rebuilding after the 1995 earthquake.
Tokyo suburbs maintain about 50 listings under $200k, primarily in western areas like Hachioji, Tachikawa, and parts of Yokohama. Kyoto's more limited inventory of 30 listings consists mainly of traditional houses requiring renovation or apartments in less desirable locations.
What is the average price per square meter for properties under $200k in each city?
| City | Price Range per m² | Average Price per m² |
|---|---|---|
| Sapporo | $1,800 - $2,500 | $2,150 |
| Fukuoka | $2,000 - $2,800 | $2,400 |
| Hiroshima | $1,900 - $2,600 | $2,250 |
| Nagoya | $2,200 - $3,000 | $2,600 |
| Kobe | $2,100 - $2,900 | $2,500 |
| Tokyo Suburbs | $2,500 - $3,500 | $3,000 |
| Kyoto Suburbs | $2,300 - $3,200 | $2,750 |
How big are the typical properties available under $200k in these cities, in square meters?
Properties under $200k in Japanese cities typically range from 40 to 120 square meters, with significant variation based on location and property type.
Apartments in major secondary cities like Sapporo, Fukuoka, and Hiroshima typically measure 45-80 square meters for sub-$200k units. These properties usually feature 2-3 rooms with compact but functional layouts designed for single professionals or small families. Sapporo offers slightly larger units due to lower land costs, while Fukuoka properties tend toward the smaller end of this range.
Detached houses under $200k generally span 70-120 square meters, particularly in suburban areas of Nagoya, Kobe, and the outer reaches of Tokyo and Kyoto. These homes often feature traditional Japanese layouts with multiple small rooms rather than large open spaces, maximizing functionality within compact footprints.
Rural akiya properties can reach 100-150 square meters at this price point, though they may require significant renovation work. Tokyo suburb properties under $200k typically measure 35-60 square meters for apartments, reflecting the premium pricing even in outlying areas.
Studio and 1-bedroom apartments in these markets typically measure 25-40 square meters, while 2-bedroom units range from 45-65 square meters. Properties at the upper end of the $200k budget often provide 80-100 square meters in secondary cities.
Which neighborhoods in these cities tend to have the best deals under $200k?
The most affordable neighborhoods under $200k are typically located 15-45 minutes from city centers and feature older residential developments with good public transport connections.
In Sapporo, Kita-ku and Nishi-ku districts offer the best value, featuring established residential areas with reliable subway access and lower property values than central Sapporo. These neighborhoods provide solid infrastructure and community amenities while maintaining affordable pricing for both apartments and small houses.
Fukuoka's Nishi-ku and Minami-ku areas consistently deliver sub-$200k opportunities, benefiting from subway and bus connections to downtown while avoiding the premium pricing of central districts like Tenjin and Hakata. Sawara-ku also provides excellent value with slightly longer commute times.
Hiroshima's Minami-ku and Aki-ku districts offer affordable housing with reasonable access to the city center via tram and bus networks. These areas feature a mix of post-war housing and newer developments at accessible price points.
In Tokyo, western suburbs like Hachioji, Tachikawa, and parts of Yokohama provide the most sub-$200k listings, though buyers should expect 45-90 minute commutes to central Tokyo. Kyoto's affordable options cluster in areas like Fushimi and southern suburbs that offer good value while maintaining access to the city's cultural and business centers.
Don't lose money on your property in Japan
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What is the condition of the properties under $200k — are they move-in ready or do they need renovations?
Most properties under $200k in Japan present a mixed condition profile, with approximately 60% being move-in ready and 40% requiring various levels of renovation work.
Move-in ready properties under $200k typically include recently renovated apartments and well-maintained small houses that are 20-30 years old. These properties often feature updated kitchens, functional bathrooms, and solid structural elements, requiring only minor cosmetic improvements or appliance updates for immediate occupancy.
Properties requiring moderate renovation usually need kitchen updates, bathroom refreshing, or interior cosmetic work like new flooring or wall treatments. These improvements typically cost $15,000-$35,000 and can significantly enhance the property's value and rental potential.
Akiya properties and older houses often require major renovation work, including roof repairs, plumbing updates, or structural improvements. These properties may need $30,000-$60,000 in renovation costs but offer substantial upside potential for buyers willing to invest in restoration work.
Recently renovated properties under $200k are available but typically command prices at the upper end of the budget range. These units often feature modern fixtures, updated electrical systems, and contemporary interior design that appeals to both residents and renters.
How old are most of the properties under $200k in these cities?
Properties under $200k in Japanese cities are typically 20-40 years old, with some akiya and rural properties dating back 50+ years but remaining structurally sound.
The majority of affordable apartments were built during Japan's construction boom of the 1980s and 1990s, featuring concrete construction and functional layouts that have aged well with proper maintenance. These properties often incorporate solid building standards despite their age, making them viable long-term investments.
Houses in the 25-35 year range represent the sweet spot for sub-$200k purchases, offering modern amenities and construction techniques while avoiding the premium pricing of newer properties. Many of these homes have received periodic updates to kitchens, bathrooms, and mechanical systems.
Newer properties under $200k are rare but occasionally available through motivated sellers or in less desirable locations. These typically date from the 2000s-2010s and may require fewer immediate improvements while offering more contemporary designs and energy efficiency.
Older properties from the 1960s-1970s can provide excellent value but often require more comprehensive renovation to meet modern living standards. These properties frequently offer larger lot sizes and unique architectural features that appeal to buyers seeking character and customization opportunities.
How far are these affordable neighborhoods from major train stations or city centers?
Affordable neighborhoods with sub-$200k properties typically sit 15-60 minutes from major train stations and city centers, with most offering reasonable public transport access.
In secondary cities like Sapporo, Fukuoka, and Hiroshima, affordable areas are usually 15-35 minutes from downtown cores via subway, tram, or bus connections. Many properties are located 8-15 minutes walking distance from local train stations that provide direct access to city centers.
Nagoya and Kobe's affordable neighborhoods generally require 25-50 minute commutes to central business districts, but benefit from comprehensive public transport networks that make these distances manageable for daily commuting. Most properties maintain 10-20 minute walks to subway or train stations.
Tokyo suburbs offering sub-$200k properties typically involve 45-90 minute commutes to central Tokyo areas like Shinjuku or Tokyo Station. However, many of these locations provide direct train access without transfers, making longer commutes more tolerable. Hachioji and Tachikawa areas often feature 5-15 minute walks to JR stations.
Kyoto's affordable options usually require 30-60 minutes to reach central areas like Kyoto Station or downtown districts, but many neighborhoods offer good access to local train lines and bus networks that connect efficiently to major destinations.
It's something we develop in our Japan property pack.
What are the average monthly maintenance fees and property taxes for these sub-$200k homes?
Monthly carrying costs for sub-$200k properties in Japan remain relatively affordable, with maintenance fees and property taxes typically totaling $100-$350 per month depending on property type and location.
Condominium maintenance fees for apartments under $200k average ¥10,000-¥30,000 monthly ($70-$210), covering building upkeep, common area maintenance, elevator service, and management fees. Newer buildings and those with amenities like gyms or concierge services command higher fees, while older, simpler buildings maintain lower costs.
Standalone houses avoid monthly maintenance fees but incur annual property taxes of ¥30,000-¥100,000 ($210-$700), depending on assessed value and local tax rates. These taxes are paid in quarterly installments and cover municipal services, infrastructure, and local government operations.
Additional monthly costs include utilities averaging ¥8,000-¥15,000 ($55-$105) for electricity, gas, and water, plus mandatory building insurance of ¥2,000-¥5,000 ($15-$35) monthly. Internet and phone services typically add ¥3,000-¥6,000 ($20-$40) to monthly expenses.
Total monthly carrying costs for a sub-$200k apartment typically range $165-$350, while standalone houses average $120-$280 monthly when property taxes are prorated. These costs remain low by international standards and support healthy cash flow for rental properties.
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.
Are foreigners allowed to buy these properties easily, and are there any restrictions specific to these cities?
Foreign buyers face no legal restrictions when purchasing residential property in Japan, regardless of residency status or nationality.
Japanese law permits foreigners to own real estate outright without requiring partnerships with local citizens or establishing corporate entities. This unrestricted ownership applies to all property types including apartments, houses, and land, making Japan one of the most foreign-friendly real estate markets in Asia.
The purchase process for foreigners involves standard documentation including passport identification, proof of funding source, and completion of standard purchase contracts. Most real estate transactions can be completed remotely through power of attorney arrangements, though buyers often benefit from visiting properties in person.
No cities impose additional restrictions on foreign ownership beyond national requirements. Sapporo, Fukuoka, Hiroshima, Nagoya, and Kobe all welcome foreign investment in residential real estate without special permits, waiting periods, or local approval processes.
Buyers should work with experienced real estate agents and legal professionals familiar with foreign transactions to ensure proper documentation and compliance with tax obligations. Japan's transparent legal system and standardized purchase processes make property acquisition straightforward for international buyers.
What is the potential rental income or yield for properties under $200k in each city?
Rental yields for sub-$200k properties in Japanese cities typically range from 4-7% annually, with secondary cities often outperforming major metropolitan areas.
Sapporo delivers the strongest rental yields at 5-7% annually, benefiting from steady demand from students, young professionals, and workers attracted by lower living costs and quality of life. A $150k apartment generating ¥60,000-70,000 monthly rent ($420-490) produces solid cash flow after expenses.
Fukuoka offers 4-6% yields with growing demand driven by its expanding technology sector and business-friendly environment. Properties renting for ¥45,000-60,000 monthly ($315-420) on $150k investments provide stable returns with good tenant retention rates.
Hiroshima and Nagoya typically generate 4-6% yields, supported by diverse local economies and steady population bases. Hiroshima benefits from tourism and industrial activity, while Nagoya's proximity to major manufacturing centers ensures consistent rental demand.
Kobe yields average 4-6% annually, with demand supported by its port economy and proximity to Osaka. Tokyo suburbs deliver 3-5% yields due to higher purchase prices, but benefit from larger tenant pools and more stable long-term demand.
Kyoto suburbs offer 3-5% yields with seasonal variation due to tourism influence, though long-term residential demand remains steady from students and service sector workers.
How quickly are sub-$200k listings selling in these areas, and is the trend showing prices going up or down?
Sub-$200k properties in Japan's secondary cities typically sell within 2-6 months of listing, with pricing trends showing modest appreciation in most markets as of September 2025.
Sapporo's sub-$200k market moves particularly quickly, with well-located properties selling within 4-8 weeks of listing due to strong local demand and limited inventory at these price points. Prices in Sapporo have increased 3-5% annually over the past two years, driven by population stability and foreign investor interest.
Fukuoka properties under $200k typically sell within 6-12 weeks, supported by the city's economic growth and increasing recognition as a business hub. Property values in Fukuoka have risen 4-6% annually, reflecting the city's expanding job market and improving infrastructure.
Hiroshima and Nagoya markets show similar patterns with 2-4 month average selling times for sub-$200k listings. Both cities demonstrate 2-4% annual price appreciation, reflecting steady economic conditions and controlled supply growth.
Tokyo and Kyoto suburbs experience longer selling times of 3-6 months due to smaller buyer pools, but well-priced properties still attract multiple offers. These markets show 2-3% annual appreciation, supported by overall metropolitan area growth despite distance from city centers.
Rural akiya properties may take 6-12 months to sell and show flat or declining prices, though unique properties in desirable locations can move quickly when properly marketed to international buyers seeking renovation projects.
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.
Japan's sub-$200k property market offers genuine opportunities for both investors and relocators, with cities like Sapporo, Fukuoka, and Hiroshima providing the best combination of affordability, rental yields, and market liquidity.
Foreign buyers benefit from unrestricted ownership rights and relatively low carrying costs, while properties in these price ranges typically require moderate renovation work but offer solid long-term appreciation potential in Japan's stable real estate environment.