Land prices / Hiroshima / Mihara

2025 published land transactions

Nakanocho land prices and price trends

This page aggregates publicly released transactions classified as residential land (land only) for the address area Nakanocho, Mihara. It does not limit transactions by the buyer's intended use.

Median transaction price per m² (2025)
JPY 39,325 / m²JPY 39.325K / m²
Median sample 10Five-year sample 33
Estimated price for 100 m²
JPY 3.93M
Simple estimate using the displayed median
Estimated land + building budget
JPY 42.53M
100 m² building using the 2025 benchmark

Nakanocho location

Nakanocho location map

The orange point is the neighborhood representative point. Green points are stations within 1.5 km straight-line distance.

Station
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Price distribution (2025)

Middle 50% price range
JPY 23,519 / m² – JPY 45,375 / m²JPY 23.519K / m² – JPY 45.375K / m²
Average transaction price
JPY 34,243 / m²JPY 34.243K / m²

Estimated land price by plot size (2025)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
50.0 m²15.1 tsuboJPY 1.97MJPY 1.18M JPY 2.27M
100.0 m²30.3 tsuboJPY 3.93MJPY 2.35M JPY 4.54M
150.0 m²45.4 tsuboJPY 5.9MJPY 3.53M JPY 6.81M
200.0 m²60.5 tsuboJPY 7.87MJPY 4.7M JPY 9.08M

These are simple land-only estimates calculated from the displayed median and quartile price per m², not medians of transactions at each plot size.

Land-price trend

Transaction medianOfficial land price
2122232425
Year20212022202320242025
Public transactions7
Indicative
6
Indicative
7
Indicative
3
Indicative
10
Official observations33333

Medians and changes can move sharply in years with few transactions.

The displayed period change compares transaction medians in 2021 and 2025. Published transactions and official residential land-price observations are separate series.

Latest official residential land-price observations: 3.

Published land transactions (2025)

PeriodAreaPricePrice / m²Road widthZoning
2025-10160.0 m²JPY 5.7MJPY 36,300 / m²JPY 36.3K / m²Not disclosedCategory I exclusively low-rise residential zone
2025-1035.0 m²JPY 1.5MJPY 45,375 / m²JPY 45.375K / m²18 mCategory I exclusively low-rise residential zone
2025-07210.0 m²JPY 4.5MJPY 21,780 / m²JPY 21.78K / m²25 mQuasi-residential zone
2025-07200.0 m²JPY 3.6MJPY 17,848 / m²JPY 17.848K / m²45 mQuasi-residential zone
2025-04185.0 m²JPY 5.3MJPY 28,738 / m²JPY 28.738K / m²12 mCategory I exclusively low-rise residential zone
2025-0460.0 m²JPY 2.8MJPY 45,375 / m²JPY 45.375K / m²14 mCategory I exclusively low-rise residential zone
2025-0435.0 m²JPY 1.5MJPY 42,350 / m²JPY 42.35K / m²Not disclosedCategory I exclusively low-rise residential zone
2025-01310.0 m²JPY 15MJPY 48,400 / m²JPY 48.4K / m²15.5 mQuasi-residential zone
2025-01220.0 m²JPY 10MJPY 48,400 / m²JPY 48.4K / m²11 mQuasi-residential zone
2025-01200.0 m²JPY 1.6MJPY 7,865 / m²JPY 7.865K / m²8 mQuasi-residential zone

Transactions are listed newest first. They are not filtered by residential intent or buyer type. Low unit price alone is not treated as atypical. “Value check” is limited to invalid values or extremely high unit prices and does not necessarily indicate an error.

Nakanocho land-price summary

The median published transaction price in Nakanocho for 2025 is JPY 39,325 / m²JPY 39.325K / m². A 100 m² plot would therefore be about JPY 3.93M by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2025.

Sources and methodology

Land prices, transaction examples, trends and official land-price observations are based on public data. Small samples can be strongly affected by the conditions of individual transactions.

Source: MLIT Real Estate Information Library ↗