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SUMMARY
How expensive are homes in Nagoya now? For most buyers, roughly ¥20–30 million still gets you into the resale-condo market, around ¥40 million reaches many used houses, and ¥50–60 million is a more realistic budget once you want new construction or a stronger address.
The biggest mistake is treating Nagoya as one housing market. A 30-year-old resale condo in an outer ward, a new 70 m² apartment near central Nagoya and a detached house on valuable eastern land can sit in completely different price brackets.
¥30 million remains a useful benchmark because it sits almost exactly on Nagoya's standardized 70 m² resale-condo level. That is unusually affordable for a major Japanese city, but the average unit behind that number is about 30 years old.
New condos are where the affordability story changes. The raw citywide average can look close to ¥40 million because compact units now make up a large share of launches, while a 70 m²-equivalent new apartment is closer to ¥60 million.
That means the new-versus-used gap is not a small premium for better finishes. For family-sized apartments, buyers can easily be looking at something close to double the price of an older resale unit.
Location can matter as much as property type. Higashi sits around the high-¥30 millions for a typical used condo, while Midori and Meito are closer to ¥20 million despite offering broadly similar floor areas.
Detached houses still compare surprisingly well with new condos. Used houses average around the high-¥30 millions, and mainstream new houses have recently sat around the mid-¥40 millions, so a house can still cost less than a new family apartment.
Land explains why ordinary-looking houses in better neighborhoods can become expensive very quickly. A 120 m² plot valued at the ward average is worth roughly ¥71 million in Higashi before the building is even counted, versus about ¥15 million in Minato.
Nagoya's market is also split by what is rising. Official residential land prices are still climbing, especially in stronger central and eastern wards, while ordinary resale-condo prices have been almost flat and recently softened for several months.
Compared with Tokyo and Osaka, Nagoya still looks cheap. A standardized 70 m² used condo is roughly 45% of the Osaka level and only about 23% of the Tokyo 23-ward level.
The practical takeaway is simple: Nagoya is still affordable if you are flexible on building age and location. The discount shrinks fast once you ask for new construction, a central address or expensive land.
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How much does a home in Nagoya actually cost now?
A realistic Nagoya home budget currently starts around ¥20–30 million for an older condominium, moves toward ¥35–45 million for many detached houses, and can easily reach ¥60 million or more for new apartments or homes in the city's stronger residential areas.
The gap is wide because “Nagoya home prices” combine very different products. Tokyo Kantei's latest 70 m² comparison puts a typical used condominium in Nagoya at ¥29.26 million. Its latest survey of used detached houses gives ¥37.89 million. Meanwhile, Tokyo Kantei's study of new condominiums around Chubu stations found a 70 m²-equivalent average of ¥59.75 million.
Location stretches those numbers further. SUUMO's recent ward data put an older condominium in Midori around ¥20 million, while Higashi is closer to ¥37 million. Official residential land prices range from roughly ¥123,000 per m² in Minato to ¥594,000 in Higashi, with Naka even higher.
So a single “average Nagoya home” does not tell us much. For someone buying today, the useful price depends first on whether we mean an older condo, a new condo or a house, and then on where in Nagoya that property sits.
| Type of Nagoya home | Useful current price level | What that usually means | Main catch |
|---|---|---|---|
| Cheaper used condo | ¥20–25m | Outer wards, generally older stock | Building age |
| Typical used condo | Around ¥29–30m | Roughly 70 m² citywide | Average age around 30 years |
| Used detached house | Around ¥38m | Larger home plus land | Huge monthly mix changes |
| New detached house | Roughly mid-¥40m range | Mainstream citywide market | Location can push this much higher |
| New 70 m²-equivalent condo | Around ¥60m | Newer, often better-located supply | Big premium over resale |
| Prime new home | ¥70m+ | Strong eastern/central residential areas | Land becomes a major part of the price |
Can you still buy a decent used apartment in Nagoya for ¥30 million?
Yes. Around ¥30 million is still a very realistic budget for a normal used family apartment in Nagoya today.
Tokyo Kantei's freshest citywide reading puts a standardized 70 m² resale condominium at ¥29.26 million. The average property in that sample was 30.1 years old, which tells us immediately what ¥30 million usually buys: established resale stock rather than a nearly new central apartment.
The recent price movement is also surprisingly calm. Nagoya's 70 m² figure moved from ¥29.60 million to ¥29.29 million and then ¥29.26 million over three consecutive readings. The latest figure was only 0.7% higher than a year earlier.
That is a very different market from Tokyo and Osaka, where comparable apartments have been climbing much faster. In Nagoya, buyers can still find a substantial pool of family-sized resale housing around ¥30 million because the city has a large stock of older condominiums.
The ¥30 million benchmark becomes less useful once we demand a young building, a prime station or a central ward. But for Nagoya's ordinary resale market, it remains a solid number today.
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Why do new Nagoya condos look cheaper in some statistics than they really are?
The headline ¥39.41 million average for new Nagoya condos is too low to use as a normal family-home budget because almost 40% of recent supply consisted of units no larger than 30 m².
Haseko Research Institute found that Nagoya's average new-condominium price fell 11.4% to ¥39.41 million in 2025. That sounds like a major affordability improvement until we look at what developers actually sold.
Supply of units measuring 30 m² or less jumped from 1,438 to 2,003. Their share of total supply rose from 32.1% to 40.2%. Nagoya also delivered 4,979 new condominium units, 503 more than the previous year, with especially large increases in Naka, Kita and Nishi.
A much better comparison comes from Tokyo Kantei's 70 m²-equivalent new-condominium study. Across the Chubu stations included in that research, the average equivalent price rose 8.8% to ¥59.75 million.
We therefore have two apparently conflicting numbers—¥39.41 million and ¥59.75 million—because they answer different questions. The first measures the average apartment actually launched, including a large number of tiny units. The second adjusts homes to the same 70 m² size.
For a family looking for a normal-sized new apartment, the second figure is much closer to the financial reality.
| New-condo measure | Earlier level | Latest level | Change | What was really happening |
|---|---|---|---|---|
| Average Nagoya unit | About ¥44.5m | ¥39.41m | -11.4% | Average unit became smaller |
| Units ≤30 m² | 1,438 | 2,003 | +39% | Compact supply surged |
| ≤30 m² share | 32.1% | 40.2% | +8.1 pp | Almost 2 in 5 units |
| 70 m²-equivalent new price | About ¥54.9m | ¥59.75m | +8.8% | Comparable space became more expensive |
| Total Nagoya supply | 4,476 | 4,979 | +503 units | Supply increased |
Is buying new in Nagoya really that much more expensive than buying used?
Yes. A family-sized new condominium in the Nagoya market can currently cost roughly twice as much as a typical older resale apartment.
The comparison is striking. Tokyo Kantei's current 70 m² resale benchmark for Nagoya is ¥29.26 million, while its 70 m²-equivalent new-condominium study reached ¥59.75 million.
The two datasets do not cover exactly the same properties or geography, so treating ¥30.49 million as an exact “new-build premium” would be too precise. The scale of the gap, though, is undeniable.
Age explains a good part of it. The typical resale apartment in the latest Nagoya sample is about 30 years old. New projects increasingly sit around better-connected central locations, where developers also face higher land and construction costs. Tokyo Kantei has highlighted the growing concentration of new supply in central Nagoya alongside more high-grade residences and station-adjacent towers.
That gives buyers a genuine trade-off. Someone willing to buy a 1990s condominium can still enter the market around ¥25–30 million. Insisting on new construction and similar floor space can push the budget toward ¥60 million before we even start looking at the most expensive projects.
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Which parts of Nagoya are expensive for apartment buyers right now?
Higashi, Naka and parts of the central/eastern city are clearly expensive by Nagoya standards, while wards such as Midori and Meito still have resale-condo prices around ¥20 million.
Recent SUUMO resale data illustrate how large the gap has become. Higashi's benchmark is about ¥36.8 million for a 72 m² apartment. Naka is around ¥32.6 million for 65 m², while Nakamura comes in at roughly ¥30.2 million for 67 m².
Midori is a completely different market. Its recent benchmark is ¥19.95 million for 76 m². Meito is also around ¥19.94 million for 75 m².
The Higashi–Midori comparison is especially useful because the apartments are fairly close in size. A median Higashi apartment costs almost ¥17 million more despite being slightly smaller. That's an increase of roughly 84%.
Age accounts for some of the difference: Higashi's median building is younger. But age alone cannot explain a gap that large. Access, neighborhood status, redevelopment, newer towers and land values all pile on top of each other.
| Nagoya ward | Used-condo benchmark | Median size | Median building age | Approx. price per m² |
|---|---|---|---|---|
| Higashi | ¥36.80m | 72 m² | 22 years | ¥511k |
| Naka | ¥32.60m | 65 m² | 22 years | ¥502k |
| Nakamura | ¥30.24m | 67 m² | 16 years | ¥451k |
| Chikusa | ¥29.80m | 77 m² | 29 years | ¥387k |
| Midori | ¥19.95m | 76 m² | 30 years | ¥263k |
| Meito | ¥19.94m | 75 m² | 39 years | ¥266k |
What can ¥20 million, ¥30 million or ¥50 million buy in Nagoya today?
Those three budgets put a buyer in very different parts of the Nagoya housing market: ¥20 million is mainly older-condo territory, ¥30 million opens much of the resale market, and around ¥50 million brings new houses and stronger central options into play.
At roughly ¥20 million, Midori and Meito are realistic places to look for family-sized resale condominiums. Buyers will usually be accepting an older building, although the apartment itself may still be relatively large.
At ¥30 million, the choice becomes much wider. That budget sits almost exactly on Nagoya's citywide 70 m² used-condo benchmark and near the current resale level in wards such as Nakamura and Chikusa.
Move toward ¥40 million and detached homes become much easier to find. Tokyo Kantei's latest used-house average for Nagoya is ¥37.89 million.
Around ¥50 million, buyers start competing comfortably in the city's new detached-house market and can move higher up the resale-condo ladder. Prime areas can still demand substantially more.
The next jump comes around ¥60 million. That is roughly where the standardized family-sized new-condominium market now sits, and current listings show new houses in stronger areas such as Chikusa approaching the same level. One recently marketed 4LDK house near Imaike, for example, was listed at ¥59.75 million for 116.4 m² of land and 114.7 m² of living space.
| Budget | What we would realistically look for in Nagoya |
|---|---|
| Around ¥20m | Older condo in a cheaper outer ward |
| Around ¥30m | Typical 70 m² resale condo |
| Around ¥40m | Used house or stronger resale apartment |
| Around ¥50m | Mainstream new detached house, depending on area |
| Around ¥60m | New family condo or a new house in a stronger neighborhood |
| ¥70m+ | Prime land, premium new homes, better central projects |
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How much does a detached house cost in Nagoya now?
Used detached houses in Nagoya are currently averaging just under ¥38 million, although house-price averages jump around much more than condominium prices.
Tokyo Kantei's latest used-house survey puts Nagoya at ¥37.89 million. The average property had 152.1 m² of land, 112.8 m² of floor space and was 22.8 years old.
One month earlier, the average was ¥40.73 million. The 7% drop looks dramatic until we see that the average building became 3.4 years older at the same time. The average land area also grew from 148.4 to 152.1 m² and building size increased.
This is why monthly detached-house headlines need some care. Houses vary far more than standardized apartments: plot size, age, construction, station distance and neighborhood can all change at once.
The more useful takeaway is that a reasonably substantial used house still sits around the high-¥30 millions at city level. New detached houses have generally been running around the mid-¥40 million range in recent Tokyo Kantei surveys, although stronger eastern neighborhoods can quickly move toward ¥60 million and beyond.
For families comparing property types, Nagoya remains unusual in a good way: a detached house can still cost less than a similarly positioned brand-new family condominium.
Why are some ordinary-looking Nagoya houses so expensive?
Land is doing most of the work in expensive Nagoya neighborhoods, and the latest official appraisal shows residential land still rising across every city ward.
Japan's official land-price survey puts average residential land in Nagoya at ¥230,000 per m², up 3.1%. On a 120 m² plot, that citywide average alone represents roughly ¥27.6 million before adding a house.
Higashi averages ¥594,000 per m². The same theoretical 120 m² plot would therefore represent about ¥71.3 million of land. Showa averages ¥329,600, Chikusa ¥309,900 and Meito ¥241,300.
Midori comes down to ¥171,600, while Minato averages ¥122,600.
The spread explains why two apparently similar detached houses can have completely different prices. Moving a 120 m² plot from Midori's average land value to Showa's adds roughly ¥19 million to the underlying land cost. Moving from Minato to Higashi adds more than ¥56 million.
Once you see the land numbers, Nagoya's house prices become much less mysterious.
| Area | Residential land price | Annual change | Approx. value of 120 m² |
|---|---|---|---|
| Nagoya average | ¥230,000/m² | +3.1% | ¥27.6m |
| Higashi | ¥594,000/m² | +6.1% | ¥71.3m |
| Showa | ¥329,600/m² | +3.9% | ¥39.6m |
| Chikusa | ¥309,900/m² | +3.9% | ¥37.2m |
| Meito | ¥241,300/m² | +3.5% | ¥29.0m |
| Midori | ¥171,600/m² | +3.2% | ¥20.6m |
| Minato | ¥122,600/m² | +1.1% | ¥14.7m |
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Are Nagoya home prices still going up right now?
Nagoya's land is still getting more expensive, while ordinary resale apartments have lately been almost flat. Describing the whole city as either booming or falling misses the split.
Official residential land prices rose 3.1% across Nagoya. Several wards were considerably stronger: Higashi gained 6.1%, Atsuta 6.3%, Nakamura 4.1%, while Chikusa and Showa each rose 3.9%.
Used condominiums are behaving very differently. The latest Tokyo Kantei reading for Nagoya slipped another 0.1%, making it the third consecutive monthly decline. The annual increase was just 0.7%.
Central Nagoya is also cooling slightly. The central three wards—Naka, Higashi and Chikusa—fell 0.3% in the latest month to ¥40.29 million for a standardized 70 m² apartment. That was their third consecutive decline.
As seen above, used houses can show much larger monthly moves, but changes in age and property mix make those swings harder to interpret.
The cleaner conclusion is that Nagoya land still has upward momentum, particularly in better locations, while buyers are pushing back against higher resale-apartment prices. Both can happen at the same time because buildings age while desirable land remains scarce.
Has central Nagoya become much more expensive than the rest of the city?
Yes. A used apartment in Nagoya's central three wards now carries roughly a 38% premium over the citywide 70 m² benchmark.
Tokyo Kantei currently puts Naka, Higashi and Chikusa together at ¥40.29 million for 70 m². The full Nagoya average is ¥29.26 million.
That leaves an ¥11.03 million gap for the same standardized floor area.
The premium did not appear overnight. Central Nagoya has attracted a disproportionate share of newer developments, higher-grade residences and tower projects. Land is also far more expensive: official residential values reach ¥1.253 million per m² in Naka and ¥594,000 in Higashi, compared with ¥230,000 across Nagoya as a whole.
There is a limit to what buyers will swallow, though. The central 70 m² resale measure has now declined for three straight months. The latest monthly fall was small, but it suggests that sellers are having trouble pushing prices much further after years of rising land and construction costs.
Central Nagoya is clearly a premium market these days. The latest numbers simply show that buyers have become more price-sensitive inside that premium tier.
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Is Nagoya still cheap compared with Tokyo and Osaka?
Very much so. Nagoya remains dramatically cheaper than Tokyo and less than half the price of Osaka for a comparable 70 m² used condominium.
Tokyo Kantei's latest like-for-like comparison puts Nagoya at ¥29.26 million. Osaka is ¥65.03 million. Tokyo's 23 wards have reached ¥127.24 million.
Nagoya therefore costs about 45% of the Osaka figure and only 23% of the Tokyo figure.
The Osaka comparison is especially striking. A standardized apartment there now costs roughly ¥35.8 million more than in Nagoya. The Tokyo gap is almost ¥98 million.
Nagoya is also cheaper than Yokohama at ¥47.45 million and Saitama at ¥44 million. Its closest large-city comparison is Kobe, which currently sits at ¥28.99 million.
Those numbers put the “Nagoya is getting expensive” argument in perspective. Parts of Nagoya have certainly become expensive, particularly new and central property. Yet the city's resale market remains in a completely different affordability category from Tokyo and increasingly from Osaka too.
Are Nagoya homes cheap mainly because they are old?
Age explains a lot of Nagoya's low resale prices, especially for condominiums, but location still creates huge differences between similarly old properties.
The average apartment behind Tokyo Kantei's current Nagoya figure is 30.1 years old. SUUMO's recent data put the median apartment age at 30 years in Midori and 39 years in Meito.
That makes the ¥20–30 million resale market easier to understand. Buyers are often purchasing buildings completed in the late 1980s, 1990s or early 2000s rather than anything close to new construction.
Aging also helps explain why the building price can stay relatively subdued while land appreciates. Japanese detached houses generally lose a large part of their building value as they age, whereas well-located land can keep rising.
Still, age cannot explain everything. Higashi's used-condo benchmark is about ¥36.8 million versus roughly ¥20 million in Midori, and the difference in median age is only eight years. Location adds a much larger premium than eight years of depreciation could reasonably account for.
So older housing stock is one reason Nagoya looks affordable. The bigger advantage for buyers is that the city still has a lot of that older stock available outside its most expensive neighborhoods.
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So, how expensive are homes in Nagoya now?
Nagoya homes are still relatively affordable for a major Japanese city: roughly ¥20–30 million buys into much of the used-condo market, around ¥40 million reaches the used-house market, and buyers should think closer to ¥50–60 million once they want new construction or stronger locations.
The cheapest useful benchmark is around ¥20 million for older condominiums in wards such as Midori and Meito. Around ¥30 million is enough for a typical family-sized resale apartment across the city.
Detached housing sits one level higher. Used homes currently average around the high-¥30 millions, while recent new-house data generally place mainstream Nagoya stock around the mid-¥40 millions. Better eastern neighborhoods can easily move into the ¥60 million range.
New condominiums are where the old idea of “cheap Nagoya” starts to break. The raw average selling price of ¥39.41 million is heavily influenced by small apartments. On a standardized 70 m² basis, recent new-condominium prices are closer to ¥60 million.
Prime Nagoya can go well beyond that. Current official land values make a normal-sized plot alone worth around ¥40 million in Showa and more than ¥70 million at Higashi's ward average.
Our conclusion is pretty clear. Nagoya remains cheap compared with Tokyo and increasingly cheap compared with Osaka, especially for resale housing. But the discount shrinks fast when we ask for a new home, a central address or expensive land. For a buyer today, ¥30 million is still a realistic Nagoya apartment budget; ¥50–60 million is a much more realistic starting point for newer, better-located family housing.
OUR METHODOLOGY
This analysis answers a simple-looking question—how expensive homes in Nagoya are—by separating the market into used condominiums, new condominiums, used houses, new houses and residential land. We then compare those property types across citywide and ward-level evidence instead of relying on one average that mixes unlike homes together.
We prioritize standardized measures when size or property mix can distort the headline. Tokyo Kantei's 70 m² resale-condominium series is the main benchmark for comparing Nagoya over time and against Tokyo, Osaka and other cities, while its Chubu new-condominium study gives a 70 m²-equivalent measure for new supply.
That distinction matters for new condominiums. Haseko Research Institute's supply data show that compact units made up a much larger share of recent Nagoya launches, so we use its raw average to describe what developers actually sold and Tokyo Kantei's standardized figure to judge the cost of a normal family-sized unit.
Detached houses are handled separately because monthly averages can move sharply when the age, plot size or floor area of sold homes changes. Tokyo Kantei's detached-house series is used for the citywide level, with the composition of each monthly sample checked before treating a rise or fall as a market trend.
Official land values come from the Ministry of Land, Infrastructure, Transport and Tourism and Aichi Prefecture. These are used to show how much of the price gap between Nagoya neighborhoods comes from the land itself, especially in central and eastern wards.
SUUMO is used for ward-level resale-condo benchmarks and current property examples. We treat those figures as listing-market evidence rather than completed transaction prices, which makes them useful for local comparisons and reality checks but not as the sole measure of market value.
When two indicators appear to conflict, we look first at what each dataset is measuring: floor area, age, geography, property type and sample composition. We do not average conflicting figures together just to create one cleaner number.
Key sources used for this analysis include Tokyo Kantei's 70 m² resale-condominium series, Tokyo Kantei's latest Nagoya resale-condominium release, Tokyo Kantei's 2025 Chubu new-condominium study, Haseko Research Institute's 2025 regional condominium supply analysis, Tokyo Kantei's detached-house price series, the Ministry of Land, Infrastructure, Transport and Tourism's official land-price appraisal, Aichi Prefecture's official land-price information, and SUUMO's ward-level resale and current listing pages for Higashi, Naka, Nakamura, Chikusa, Midori and Meito.
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