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Everything you need to know before buying real estate is included in our Japan Property Pack
Nagoya is Japan's fourth-largest city and a manufacturing powerhouse, home to Toyota and other major corporations that drive steady housing demand.
The city is currently undergoing massive redevelopment around its three main commercial hubs of Meieki, Sakae, and Kanayama, making it a compelling market for foreign property buyers in 2026.
We constantly update this blog post to reflect the latest market data and neighborhood trends.
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 Nagoya.
What's the Current Real Estate Market Situation by Area in Nagoya?
Which areas in Nagoya have the highest property prices per square meter in 2026?
As of early 2026, the three most expensive areas in Nagoya for residential property are Nakamura Ward around Nagoya Station (Meieki), Naka Ward in the Sakae and Fushimi districts, and the premium pockets of Higashi Ward around Izumi and Takaoka.
In these top-tier Nagoya neighborhoods, you can expect to pay between 600,000 and 900,000 yen per square meter for quality used condos, with newer buildings (under 10 years old) pushing well above 700,000 yen per square meter.
Each of these expensive Nagoya areas commands premium prices for specific reasons:
- Meieki (Nakamura Ward): Direct Shinkansen access to Tokyo and Osaka plus a 540-billion-yen redevelopment project.
- Sakae and Fushimi (Naka Ward): The new Landmark Nagoya Sakae tower opens in 2026, lifting rent ceilings.
- Izumi and Takaoka (Higashi Ward): Quiet prestige location with walkable core access and limited supply.
Which areas in Nagoya have the most affordable property prices in 2026?
As of early 2026, the most affordable areas to buy residential property in Nagoya are Minato Ward, Nakagawa Ward, outer parts of Kita Ward, and Moriyama Ward in the eastern suburbs.
In these value-oriented Nagoya neighborhoods, used condos typically trade between 250,000 and 380,000 yen per square meter, which is well below the citywide average of around 400,000 yen per square meter.
The main trade-offs in these affordable Nagoya areas include longer commute times to the city center, fewer dining and retail options nearby, and in some cases older building stock that may require higher maintenance reserves.
You can also read our latest analysis regarding housing prices in Nagoya.
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.
Which Areas in Nagoya Offer the Best Rental Yields?
Which neighborhoods in Nagoya have the highest gross rental yields in 2026?
As of early 2026, the Nagoya neighborhoods delivering the highest gross rental yields are the Imaike and Ikeshita corridor in Chikusa Ward (around 5 to 6 percent), Kanayama on the Atsuta and Naka Ward border (around 4.5 to 5.5 percent), Ozone in Kita Ward (around 4.5 to 5 percent), and Hongo and Fujigaoka in Meito Ward (around 4.5 to 5 percent).
Across Nagoya as a whole, typical gross rental yields for investment condos range from about 3.5 percent in the most expensive core blocks to around 5.5 percent in well-located secondary areas.
These high-yield Nagoya neighborhoods outperform because they combine strong tenant demand with more reasonable purchase prices:
- Imaike (Chikusa Ward): Two subway lines intersect here, attracting young professionals who pay premium rents.
- Kanayama (Atsuta/Naka Ward): Major interchange station with redevelopment plans keeping rents strong.
- Ozone (Kita Ward): Commuter hub with lower entry prices than Meieki but similar tenant accessibility.
- Hongo and Fujigaoka (Meito Ward): Stable family tenant base with low vacancy and predictable returns.
Finally, please note that we cover the rental yields in Nagoya here.
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Which Areas in Nagoya Are Best for Short-Term Vacation Rentals?
Which neighborhoods in Nagoya perform best on Airbnb in 2026?
As of early 2026, the best-performing Nagoya neighborhoods for short-term rentals are the Meieki station walk zone in Nakamura Ward, the Sakae and Hisaya-odori entertainment district in Naka Ward, the Osu shopping area in Naka Ward, and the Kanayama interchange area on the Atsuta and Naka Ward border.
In these top short-stay Nagoya locations, well-managed properties can generate between 150,000 and 300,000 yen per month, though this varies significantly based on unit size, quality, and seasonality.
Each of these Nagoya short-term rental hotspots succeeds for different reasons:
- Meieki (Nakamura Ward): Business travelers and tourists value direct Shinkansen and airport train access.
- Sakae and Hisaya-odori (Naka Ward): Nightlife, shopping, and dining create strong weekend demand patterns.
- Osu (Naka Ward): Distinct tourist identity with traditional shopping streets draws cultural visitors.
- Kanayama (Atsuta/Naka Ward): Interchange convenience appeals to travelers exploring the wider region.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Nagoya.
Which tourist areas in Nagoya are becoming oversaturated with short-term rentals?
The Nagoya areas showing signs of short-term rental oversaturation are the immediate Sakae core blocks around the nightlife zone, the most concentrated streets in the Osu shopping district, and the ultra-core Meieki blocks closest to the station exits.
In these oversaturated Nagoya zones, the density of active short-term rental listings has grown substantially, with dozens of competing properties often clustered within the same few blocks.
The clearest sign of oversaturation in these Nagoya areas is rate pressure during slower seasons, where similar units undercut each other on price, and the increasing attention from building managers and local authorities on noise complaints and regulatory compliance.
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.
Which Areas in Nagoya Are Best for Long-Term Rentals?
Which neighborhoods in Nagoya have the strongest demand for long-term tenants?
The Nagoya neighborhoods with the strongest long-term tenant demand are Fushimi and Marunouchi in Naka Ward, the residential side streets near Meieki in Nakamura Ward, the Kakuozan and Motoyama corridor in Chikusa Ward, and the Issha and Fujigaoka areas in Meito Ward.
In these high-demand Nagoya rental areas, well-maintained properties typically rent within two to four weeks, and vacancy rates stay consistently low throughout the year.
Each neighborhood attracts a distinct tenant profile that drives reliable demand:
- Fushimi and Marunouchi (Naka Ward): Office workers seeking short commutes fill 1K and 1LDK units.
- Meieki residential streets (Nakamura Ward): Young professionals and junior expats value station access.
- Kakuozan and Motoyama (Chikusa Ward): Families and upgrading renters pay for school districts.
- Issha and Fujigaoka (Meito Ward): Stable families and professionals seeking quiet suburban convenience.
The key characteristic these Nagoya neighborhoods share is the combination of excellent subway access, nearby supermarkets and clinics, and a residential atmosphere that appeals to tenants planning to stay multiple years.
Finally, please note that we provide a very granular rental analysis in our property pack about Nagoya.
What are the average long-term monthly rents by neighborhood in Nagoya in 2026?
As of early 2026, monthly rents for a 1LDK apartment in Nagoya range from about 67,000 yen in outer wards like Midori to around 98,000 yen in premium areas like Chikusa and Higashi Wards.
In the most affordable Nagoya rental neighborhoods such as Moriyama Ward, Nakagawa Ward, and outer Minato Ward, entry-level 1K apartments typically rent for 40,000 to 55,000 yen per month.
In mid-range Nagoya neighborhoods like Showa Ward around Yagoto or Nakamura Ward outside the Meieki core, expect to pay 60,000 to 80,000 yen per month for a comfortable 1LDK apartment.
In the most expensive Nagoya rental areas like Naka Ward around Sakae and Chikusa Ward around Kakuozan, quality 1LDK units command 90,000 to 110,000 yen per month, with newer properties at the higher end.
You may want to check our latest analysis about the rents in Nagoya here.
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Which Are the Up-and-Coming Areas to Invest in Nagoya?
Which neighborhoods in Nagoya are gentrifying and attracting new investors in 2026?
As of early 2026, the Nagoya neighborhoods showing the clearest signs of gentrification and investor interest are Kanayama on the Atsuta and Naka Ward border, the Sakae fringe blocks toward Hisaya-odori, the Sasashima-live area south of Nagoya Station, and the Imaike corridor in Chikusa Ward.
These gentrifying Nagoya areas have experienced annual price appreciation of roughly 3 to 7 percent over recent years, outpacing the broader city average, driven by infrastructure investment and improving amenities.
Which areas in Nagoya have major infrastructure projects planned that will boost prices?
The Nagoya areas with the most significant infrastructure projects are the Meieki district around Nagoya Station, the Sakae and Hisaya-odori commercial core, and the Kanayama station area.
The Meitetsu Nagoya Station redevelopment is a 540-billion-yen project replacing six buildings with two new skyscrapers, adding dedicated airport train platforms and a luxury Andaz hotel, with Phase 1 completion targeted for 2033. The Landmark Nagoya Sakae by Mitsubishi Estate opens in early 2026 as a 211-meter mixed-use tower with offices, a cinema, and a hotel. The Kanayama Asunal redevelopment will transform the station's north exit with new commercial and public spaces.
Historically in Nagoya, neighborhoods within walking distance of completed major infrastructure projects have seen property values increase by 10 to 20 percent over the five years following completion.
You'll find our latest property market analysis about Nagoya here.
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.
Which Areas in Nagoya Should I Avoid as a Property Investor?
Which neighborhoods in Nagoya with lots of problems I should avoid and why?
The Nagoya areas that present the most challenges for foreign property investors are the distant blocks of Minato Ward far from subway stations, aging condo developments in outer Nakagawa Ward with weak management, and certain industrial-adjacent pockets where tenant demand is structurally thin.
Each problem area has specific issues that make investment returns difficult:
- Outer Minato Ward: Limited transit access means longer vacancies and smaller tenant pools.
- Aging Nakagawa Ward condos: High future repair costs and weak building management hurt resale.
- Industrial zone edges: Tenant profile skews short-term contract workers with higher turnover.
For these Nagoya neighborhoods to become viable investments, they would need either new transit connections, major employer relocations nearby, or comprehensive building renovation programs that reset the property's competitive position.
Buying a property in the wrong neighborhood is one of the mistakes we cover in our list of risks and pitfalls people face when buying property in Nagoya.
Which areas in Nagoya have stagnant or declining property prices as of 2026?
As of early 2026, the Nagoya areas with the weakest price performance are the far outer portions of Minato Ward, distant blocks of Moriyama Ward away from train stations, and certain aging residential developments in Nakagawa Ward.
These underperforming Nagoya areas have seen prices remain flat or decline by roughly 1 to 3 percent annually over recent years, while the city average has risen moderately.
The underlying causes vary by location:
- Outer Minato Ward: Port-area decline and weak commercial activity reduce residential appeal.
- Distant Moriyama Ward: Car-dependent locations lose value as younger buyers prefer transit access.
- Aging Nakagawa Ward blocks: Building obsolescence and rising repair assessments deter buyers.
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Which Areas in Nagoya Have the Best Long-Term Appreciation Potential?
Which areas in Nagoya have historically appreciated the most recently?
Over the past five to ten years, the Nagoya areas that have appreciated the most are the Meieki station area in Nakamura Ward, the Sakae and Hisaya-odori district in Naka Ward, premium pockets of Chikusa Ward around Kakuozan, and the Kanayama interchange area.
These top performers have delivered strong cumulative gains:
- Meieki (Nakamura Ward): Land prices rose over 4 percent annually, driven by redevelopment momentum.
- Sakae and Hisaya-odori (Naka Ward): Steady 3 percent annual growth as commercial activity intensified.
- Kakuozan (Chikusa Ward): Premium residential demand pushed appreciation above 9 percent in 2025.
- Kanayama (Atsuta/Naka Ward): Interchange status and redevelopment lifted values over 7 percent in 2025.
The main driver behind this above-average appreciation in Nagoya was the combination of major infrastructure investment announcements, sustained population inflows to central wards, and the yen weakness that attracted foreign capital to Japanese real estate.
By the way, you will find much more detailed trends and forecasts in our pack covering there is to know about buying a property in Nagoya.
Which neighborhoods in Nagoya are expected to see price growth in coming years?
The Nagoya neighborhoods expected to see the strongest price growth over the coming years are the expanded Meieki walk zone as redevelopment progresses, the Sakae to Hisaya-odori to Fushimi corridor, and the Kanayama station catchment area.
Projected annual price growth varies by neighborhood:
- Meieki expanded zone: 3 to 5 percent annually as the Meitetsu project advances construction phases.
- Sakae to Fushimi corridor: 2 to 4 percent annually as new Grade-A buildings lift the area profile.
- Kanayama catchment: 3 to 5 percent annually as redevelopment improves walkability and amenities.
The single most important catalyst driving future price growth in these Nagoya neighborhoods is the confirmed pipeline of large-scale infrastructure and commercial projects, which provide a tangible timeline for neighborhood improvement rather than speculation.
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 Do Locals and Expats Really Think About Different Areas in Nagoya?
Which areas in Nagoya do local residents consider the most desirable to live?
The Nagoya areas that local residents consistently rate as most desirable are the Kakuozan, Motoyama, and Hoshigaoka corridor in Chikusa Ward, the Izumi and Takaoka neighborhoods in Higashi Ward, and parts of Meito Ward around Fujigaoka.
Each area appeals to locals for distinct reasons:
- Kakuozan and Motoyama (Chikusa Ward): Prestigious school districts and stylish cafes attract families.
- Izumi and Takaoka (Higashi Ward): Quiet prestige close to the core appeals to professionals.
- Fujigaoka (Meito Ward): Green suburban feel with good transit suits families seeking space.
These locally preferred Nagoya areas attract affluent families, established professionals, and long-term residents who prioritize school quality and neighborhood stability over nightlife or pure convenience.
Local preferences in Nagoya partly diverge from what foreign investors typically target, since locals often prioritize family-friendly quieter areas while foreign investors tend to focus on high-yield central locations with strong short-term rental potential.
Which neighborhoods in Nagoya have the best reputation among expat communities?
The Nagoya neighborhoods with the best reputation among expats are the Meieki area in Nakamura Ward, the Fushimi and Sakae districts in Naka Ward, and the quieter premium pockets of Higashi Ward around Izumi.
Expats favor these Nagoya neighborhoods for specific practical reasons:
- Meieki (Nakamura Ward): Direct Shinkansen to Tokyo and airport train access simplifies travel.
- Fushimi and Sakae (Naka Ward): Walkable dining, shopping, and nightlife create urban convenience.
- Izumi (Higashi Ward): Quiet residential feel with core proximity suits professionals with families.
The typical expat profile in these popular Nagoya neighborhoods includes corporate transferees working for automotive and manufacturing companies, English teachers at international schools, and remote workers attracted by Nagoya's lower costs compared to Tokyo.
Which areas in Nagoya do locals say are overhyped by foreign buyers?
The Nagoya areas that locals commonly consider overhyped by foreign buyers are the most central Sakae core blocks, the immediate Meieki ultra-core around the station, and the most nightlife-adjacent streets in the Osu district.
Locals see these as overvalued for specific reasons:
- Sakae core blocks: Prices far exceed rent potential, making yields compress to impractical levels.
- Meieki ultra-core: Foreign buyers pay premium for brand recognition that locals discount.
- Osu nightlife streets: Short-term rental hype ignores building rules and regulatory tightening.
Foreign buyers are typically drawn to these Nagoya areas by the name recognition, perceived safety of investing near landmarks, and overly optimistic short-term rental projections that locals know are often unrealistic given building management rules and regulatory enforcement.
By the way, we've written a blog article detailing the experience of buying a property as a foreigner in Nagoya.
Which areas in Nagoya are considered boring or undesirable by residents?
The Nagoya areas that residents commonly consider boring or undesirable are the outer residential expanses of Midori Ward, the car-dependent parts of Moriyama Ward, and the more industrial-adjacent blocks of Nakagawa Ward and Minato Ward.
Residents find these areas less appealing for understandable reasons:
- Outer Midori Ward: Limited dining and entertainment options create a suburban dormitory feel.
- Distant Moriyama Ward: Car dependency and long commutes reduce convenience for non-drivers.
- Industrial Nakagawa and Minato blocks: Commercial atmosphere and fewer amenities hurt livability.
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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 Nagoya, 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 Name | Why It's Authoritative | How We Used It |
|---|---|---|
| Chubu REINS | Official real estate transaction network used by licensed Japanese brokers. | We used their contracted price data for used condos in Nagoya City to establish actual transaction benchmarks. We relied on their figures rather than asking prices. |
| Aichi Prefecture Land Price Information | Official prefectural government land price survey results. | We used their ward-level land price data to validate neighborhood rankings. We relied on this to justify claims about rising or falling areas. |
| Nagoya City Official Website | Primary source for city planning and redevelopment announcements. | We used their published data on redevelopment projects like Kanayama and SRT transit plans. We relied on this for infrastructure-driven price forecasts. |
| LIFULL HOME'S | One of Japan's largest property portals with consistent rent methodology. | We used their ward-level rent benchmarks to calculate gross yields. We relied on multiple wards to avoid cherry-picking data. |
| MLIT Real Estate Information Library | Japan's national housing ministry publishing official price datasets. | We used this as ground truth for land price benchmarks and appraisal data. We relied on it to sanity-check neighborhood price claims. |
| Meitetsu (Nagoya Railroad) | Project sponsor for the major Nagoya Station redevelopment. | We used their investor presentations for project scope and timeline details. We relied on this to explain why Meieki area may outperform. |
| Mitsubishi Estate Office Information | Developer of the Landmark Nagoya Sakae mixed-use tower. | We used their project timeline for the early 2026 completion date. We relied on this to explain Sakae area rent ceiling expectations. |
| JETRO (Japan External Trade Organization) | Official Japanese trade and investment agency for foreign buyers. | We used their guidance to confirm foreign ownership rules for Japanese property. We relied on this to ensure accuracy on legal matters. |
| Global Property Guide | International real estate research covering Japan market trends. | We used their price index data for broader market context. We relied on this to compare Nagoya against other Japanese cities. |
| MLIT National Land Numerical Information | Official download hub for Japan's national geospatial datasets. | We used this as the reproducibility hook for anyone wanting to verify ward rankings. We relied on the exact dataset vintage cited in public reporting. |
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