Get all the data you need about the real estate market in Nagoya
We update this blog post regularly so that the figures you see here always reflect the latest available data.
The Nagoya rental market in March 2026 offers a wide range of returns depending on where you buy and what type of property you choose.
Some neighborhoods give you a gross yield above 10%, while others barely reach 3%, so knowing where to look makes a real difference.
And if you're planning to buy a property in Nagoya, you may want to download our real estate pack about Nagoya.
A quick summary table
| Metric | Value |
|---|---|
| Nagoya neighborhood with the best rental yield | Imaike (1K apartment, 10.4% gross) |
| Nagoya neighborhoods with the lowest rental yields | Nagoya Station / Meieki, Fushimi, Marunouchi (3.1% to 4.1% gross) |
| Average gross yield across Nagoya | ~5.3% |
| Average net yield across Nagoya | ~4.0% |
| Median purchase price in Nagoya | ~¥23,990,000 |
| Average monthly rent in Nagoya | ~¥96,000 |
| Average occupancy rate in Nagoya | ~94% |
| Fastest leasing market in Nagoya | Imaike and Osu / Kamimaezu (12 days average) |
| Slowest leasing market in Nagoya | Hoshigaoka 4LDK (24 days average) |
| Highest occupancy in Nagoya | Osu / Kamimaezu and Kanayama (96%) |
| Best value high-yield segment in Nagoya | Imaike and Kanayama small units (1K and 1LDK) |
| Yield gap between top and bottom Nagoya neighborhoods | 10.4% gross (Imaike) vs 3.1% gross (Nagoya Station 2LDK): a 7.3 percentage point spread |
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Nagoya neighborhoods and property types in 2026 ranked by rental yield
This table ranks the top neighborhoods and property types in the Nagoya residential market by gross rental yield.
For each neighborhood and property type, the table includes average purchase price, average monthly rent, gross rental yield, net rental yield, annual fees, average occupancy, average time to rent, main rental demand, main risk, and investment profile.
By the way, you'll find much more detailed data in our real estate pack about Nagoya.
| # | Neighborhood | Property type | Gross rental yield | Net rental yield | Average purchase price | Average monthly rent | Ownership annual fees | Average occupancy | Average time to rent | Main rental demand | Main risk | Rental Investment Profile |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Imaike | 1K apartment | 10.4% | 8.5% | ¥6,600,000 | ¥57,000 | ¥90,000 | 95% | 12 days | Young single professionals | High turnover in older stock | Good Potential |
| 2 | Imaike | 1LDK condo | 9.6% | 7.8% | ¥10,220,000 | ¥82,000 | ¥140,000 | 95% | 13 days | Single professionals and couples | Older building capex risk | Strong Potential |
| 3 | Imaike | 2LDK condo | 8.1% | 6.6% | ¥17,580,000 | ¥119,000 | ¥190,000 | 94% | 16 days | Young families wanting transit access | Unit age dispersion risk | Strong Potential |
| 4 | Osu / Kamimaezu | 1K apartment | 7.3% | 6.0% | ¥10,230,000 | ¥62,000 | ¥102,000 | 96% | 12 days | Young city-center renters | Noise and nightlife complaints | Top Pick |
| 5 | Kanayama | 1K apartment | 6.9% | 5.6% | ¥10,150,000 | ¥59,000 | ¥105,000 | 96% | 13 days | Young commuters and hospital staff | Competition from new stock | Top Pick |
| 6 | Kanayama | 2LDK condo | 6.4% | 5.2% | ¥20,930,000 | ¥112,000 | ¥180,000 | 95% | 15 days | Dual-income commuters | Family parking expectations | Top Pick |
| 7 | Osu / Kamimaezu | 2LDK condo | 6.2% | 4.9% | ¥24,290,000 | ¥125,000 | ¥210,000 | 94% | 16 days | Young families near central jobs | Management fee creep | Good Potential |
| 8 | Yagoto | 2LDK condo | 6.0% | 4.8% | ¥17,750,000 | ¥88,000 | ¥150,000 | 94% | 18 days | Medical staff and couples | Slower demand outside semester peaks | Good Potential |
| 9 | Kanayama | 1LDK condo | 6.0% | 4.8% | ¥16,690,000 | ¥83,000 | ¥145,000 | 95% | 14 days | Single professionals and transferees | Supply growth near station | Good Potential |
| 10 | Osu / Kamimaezu | 1LDK condo | 5.7% | 4.6% | ¥19,310,000 | ¥92,000 | ¥160,000 | 95% | 14 days | Creative workers and couples | Nightlife wear and tear | Good Potential |
| 11 | Hoshigaoka | 4LDK condo | 5.7% | 4.4% | ¥25,450,000 | ¥121,000 | ¥220,000 | 92% | 24 days | Upgrading family households | Longer reletting for large units | Moderate Appeal |
| 12 | Hoshigaoka | 2LDK condo | 5.2% | 4.1% | ¥19,800,000 | ¥86,600 | ¥170,000 | 94% | 20 days | Families near schools and malls | Demand softens at higher rents | Good Potential |
| 13 | Hoshigaoka | 3LDK condo | 5.2% | 4.0% | ¥23,990,000 | ¥104,500 | ¥200,000 | 93% | 23 days | Families seeking school access | Slower leasing for dated units | Moderate Appeal |
| 14 | Kakuozan / Motoyama | 2LDK condo | 5.1% | 4.0% | ¥26,130,000 | ¥111,500 | ¥210,000 | 94% | 19 days | Affluent couples and small families | High acquisition cost | Good Potential |
| 15 | Yagoto | 3LDK condo | 5.1% | 3.9% | ¥24,800,000 | ¥105,600 | ¥200,000 | 93% | 21 days | Family households near schools | Smaller tenant pool | Moderate Appeal |
| 16 | Yagoto | 1LDK condo | 5.1% | 4.0% | ¥14,800,000 | ¥62,800 | ¥120,000 | 94% | 17 days | Students and medical staff | Tenant turnover at graduation | Good Potential |
| 17 | Kakuozan / Motoyama | 3LDK condo | 4.7% | 3.6% | ¥33,400,000 | ¥132,100 | ¥260,000 | 93% | 22 days | High-income family households | Higher vacancy cost per month | Moderate Appeal |
| 18 | Sakae | 1LDK condo | 4.7% | 3.5% | ¥24,010,000 | ¥93,200 | ¥220,000 | 95% | 15 days | Corporate transferees and couples | Premium pricing limits yield | Moderate Appeal |
| 19 | Sakae | 1K apartment | 4.6% | 3.4% | ¥15,450,000 | ¥58,600 | ¥140,000 | 95% | 14 days | City-center single professionals | New tower competition | Moderate Appeal |
| 20 | Sakae | 2LDK condo | 4.1% | 3.1% | ¥38,280,000 | ¥131,700 | ¥300,000 | 94% | 17 days | Higher-income couples | Luxury pipeline competition | Moderate Appeal |
| 21 | Marunouchi | 1K apartment | 4.1% | 2.9% | ¥19,030,000 | ¥65,000 | ¥185,000 | 95% | 13 days | Office workers in the CBD | Premium pricing and fee drag | Moderate Appeal |
| 22 | Nagoya Station / Meieki | Studio apartment | 3.7% | 2.5% | ¥20,650,000 | ¥63,500 | ¥200,000 | 95% | 14 days | Station-area single commuters | High buy-in for small units | Moderate Appeal |
| 23 | Fushimi | 2LDK condo | 3.7% | 2.7% | ¥47,480,000 | ¥145,500 | ¥340,000 | 94% | 18 days | Executives and relocating couples | Yield compression from high prices | Limited Appeal |
| 24 | Kakuozan / Motoyama | 1LDK condo | 3.7% | 2.7% | ¥27,050,000 | ¥82,400 | ¥190,000 | 94% | 20 days | Affluent singles and couples | Limited upside after high entry price | Moderate Appeal |
| 25 | Marunouchi | 1LDK condo | 3.6% | 2.6% | ¥35,960,000 | ¥106,700 | ¥270,000 | 94% | 16 days | Law and finance professionals | Rent ceiling versus purchase cost | Limited Appeal |
| 26 | Nagoya Station / Meieki | 1LDK condo | 3.5% | 2.5% | ¥31,110,000 | ¥91,800 | ¥280,000 | 95% | 15 days | Corporate transferees and couples | Expensive entry price | Moderate Appeal |
| 27 | Fushimi | 1LDK condo | 3.4% | 2.5% | ¥35,940,000 | ¥102,200 | ¥260,000 | 94% | 16 days | CBD professionals and couples | Central pricing caps returns | Limited Appeal |
| 28 | Marunouchi | 2LDK condo | 3.3% | 2.4% | ¥50,600,000 | ¥138,900 | ¥360,000 | 93% | 18 days | Executive households | Low spread after fees | Limited Appeal |
| 29 | Fushimi | 1K apartment | 3.2% | 2.3% | ¥23,890,000 | ¥63,600 | ¥230,000 | 95% | 14 days | CBD single professionals | Lower yield after high entry | Limited Appeal |
| 30 | Nagoya Station / Meieki | 2LDK condo | 3.1% | 2.2% | ¥47,500,000 | ¥122,800 | ¥340,000 | 94% | 19 days | Dual-income station commuters | Very high acquisition cost | Limited Appeal |
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Key insights about rental yields in Nagoya
Insights
- Imaike's 1K apartments gross 10.4%, more than three times the yield of a Nagoya Station 2LDK at 3.1%, so Nagoya's best returns are sitting in a mid-city neighborhood most newcomers walk past.
- Kanayama hits 6% gross on 1K and 1LDK units while also ranking among Nagoya's fastest markets to relet, which is a combination almost no other submarket in this dataset can offer at the same time.
- Osu / Kamimaezu beats Sakae on yield at every property size, yet both sit in central Nagoya with similar transit access and a similar walk-to-everything lifestyle, so Sakae's premium is mostly a name premium.
- Every Nagoya Station / Meieki unit in this dataset nets below 2.6%, which means the most visible and talked-about address in the city is also the hardest place to make the numbers work for a rental investor.
- Fushimi's 1K apartment costs ¥23,890,000 and returns only 3.2% gross, while Imaike's 1K costs ¥6,600,000 and returns 10.4% gross, so entry price alone explains most of the yield gap between Nagoya's CBD and its mid-city ring.
- Net yields across Nagoya fall roughly 1.2 to 2.0 percentage points below gross once taxes, management fees, and a vacancy allowance are added in, so anyone budgeting on gross alone is likely to overestimate their real return by a meaningful margin.
- Hoshigaoka 4LDK units take 24 days on average to relet, twice as long as the fastest Nagoya submarkets, which adds a real and recurring cost that never shows up in a headline yield figure.
- Yagoto benefits from demand driven by Nagoya University and nearby hospitals, two tenant sources that cycle reliably every academic and contract year and tend to keep occupancy stable even when the broader Nagoya rental market softens.
- Kakuozan / Motoyama 3LDK units carry a ¥33,400,000 average purchase price but net only 3.6%, so buyers are paying a neighborhood-quality premium that the rent market does not currently translate into matching returns.
- The Nagoya family belt, which covers Hoshigaoka, Yagoto, and Kakuozan, clusters between 3.6% and 5.7% gross, a tighter band than the rest of the city, which suggests more stable but less exciting returns for investors focused on those areas.
- Kanayama's 2LDK condo at 6.4% gross and 5.2% net is the only large family unit in this Nagoya dataset that clears 5% net, making it a rare intersection of usable size and genuine yield.
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About our methodology
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Nagoya.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Nagoya neighborhood and property type, we aggregated the freshest purchase price and monthly rent data available from Japan's main real estate portals and official government publications. When possible, we cross-checked multiple sources to confirm the same range.
This allowed us to estimate rental yield before costs. That is the gross yield, based on annual rent versus purchase price.
We then estimated rental yield after costs. That is the net yield, after recurring ownership and operating expenses specific to the Nagoya market.
These expenses can vary by Nagoya neighborhood. That is why two areas with similar rents can still produce different net returns.
For example, central Nagoya condos near Meieki and Fushimi tend to carry higher management fees, while older buildings in Imaike or Osu may face more maintenance and repair costs. In high-turnover Nagoya submarkets, vacancy and tenant-related costs can also be higher.
We also estimated ownership annual fees by combining the main recurring costs linked to each asset in Japan. This includes items such as fixed asset tax, city planning tax, condo management fees where relevant, reserve fund contributions, and a maintenance allowance. Nagoya's fixed asset and city planning tax rates informed the tax component of our cost model.
These estimates were not applied as one flat number across Nagoya. They were adjusted by neighborhood and property type to better reflect local ownership conditions.
This table should therefore be read as a structured market estimate, not as an exact guarantee of future performance. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Nagoya.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Nagoya, we rely on verifiable sources and a transparent methodology.
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 is reliable | How we used it |
|---|---|---|
| Statistics Bureau of Japan – Housing and Land Survey | It is Japan's official housing stock and vacancy survey, published by the national statistics authority. | We used it to anchor the vacancy and occupancy backdrop for the Nagoya market. We used it to avoid relying only on live listing portals for our occupancy assumptions. |
| MLIT – Land Market Value Publication | It is the national government's official publication on land values across Japan. | We used it to check that central Nagoya station areas trade at higher purchase-price multiples than outer family zones. We used it as a sanity check on portal-based price snapshots. |
| Nagoya City – Fixed Asset and City Planning Tax Rates | It is the city government's own official guidance on property tax rates in Nagoya. | We used it to build annual owner-cost estimates for each Nagoya neighborhood and property type. We used it as the tax-rate base inside our net-yield model. |
| MLIT – Condominium Statistics and Survey | It is the main national housing ministry source for condo management and cost data across Japan. | We used it to frame realistic management, reserve-fund, and maintenance allowances for Nagoya condos. We used it to keep our annual fee estimates grounded in real condo ownership patterns. |
| Chubu REINS – Aichi Market Reports | It is the regional MLS-equivalent transaction body for central Japan, covering Aichi and Nagoya resale activity. | We used it to cross-check the broader resale-market direction in Aichi and Nagoya. We used it so portal listings were not treated as the only market signal in our analysis. |
| Nagoya City – Monthly Households and Population | It is the city's official current series for population and household counts by ward. | We used it to confirm where household depth is strongest across Nagoya wards. We used it to support neighborhood selection and to interpret rental demand by area. |
| LIFULL HOME'S – Nagoya Ward Rent Data | LIFULL HOME'S is one of Japan's largest housing portals and publishes methodology notes on how its rent averages are calculated. | We used it as a second rent check against AtHome at the ward level. We used it to make sure the rent hierarchy we found at station level matched the broader ward-level picture. |
| AtHome – Aichi Station Rent Index | AtHome is a large national property portal with transparent station-level rent tables updated on a rolling basis. | We used it as the main source for station-area monthly rents by layout across Nagoya. We used the matching direct station pages for each neighborhood in the table above. |
| AtHome – Aichi Used-Condo Price Index | AtHome publishes direct station-level resale price tables that are updated with recent three-month averages. | We used it as the main source for station-area purchase prices by layout across Nagoya. We used the same station-page method for each neighborhood covered in our analysis. |
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