Purchase budgets differ materially by ward
62.74–259.47JPY 10,000/m²Average sale units span about 4.1 times from lowest to highest. Use this as a starting point for choosing areas within your budget.
Compare ward-level unitsTokyo property
Tokyo 23-ward prices, rents & indicative yields
Compare purchase prices, rents and indicative gross yields across Tokyo’s 23 wards over the same period. Use them to plan your budget and cash flow, alongside property conditions and ownership costs.
FY2025 · April 2025–March 2026
Read rent together with acquisition cost
2.52–5.15%Indicative gross yield (approx.)A comparison proxy calculated from ward-average units. A higher number does not mean higher realized returns or lower risk.
Model costs and vacancyFollow the averages with a property-level review
56.8 / 32.8m²Average sale / rental areaSale and rental samples have different property mixes. Review comparable stations, sizes, building ages and management conditions before estimating a specific property.
Discuss your property criteriaMinato
Transactions over the same period- Resale condominium transaction price
- 259.47 JPY 10,000/m²
- Condominium transaction rent (approx.)
- 6,012 JPY/m²/month
- Indicative gross yield (approx.)
- 2.78%
1,513 sale and 3,203 rental transactions.
Adachi
Transactions over the same period- Resale condominium transaction price
- 62.74 JPY 10,000/m²
- Condominium transaction rent (approx.)
- 2,693 JPY/m²/month
- Indicative gross yield (approx.)
- 5.15%
924 sale and 2,835 rental transactions.
Yield is an approximate comparison metric: each ward’s rent per m² × 12 ÷ sale price per m². It is neither matched-property performance nor the average of individual property yields.
Vacancy, management, repairs, taxes, insurance, debt service and transaction costs are excluded. Age, size and station-distance mixes differ: a higher figure alone is not an investment recommendation.
Data conditions and methodology
Sales: resale condominiums · Rentals: mansions, excluding apartment-category and detached units
Prices use REINS annual average units. Rent units are pooled over the same four quarters, weighted by transaction count × average area. Rounded source aggregates make rent and yield approximate; these are not medians or current asking levels.
Yield is an approximate comparison metric: each ward’s rent per m² × 12 ÷ sale price per m². It is neither matched-property performance nor the average of individual property yields.
Vacancy, management, repairs, taxes, insurance, debt service and transaction costs are excluded. Age, size and station-distance mixes differ: a higher figure alone is not an investment recommendation.
Compiled and charted by GE Creation from REINS annual and quarterly rental transaction reports.
Market movement
Read prices, rents, occupancy and interest rates separately. Do not apply averages directly to a property’s return.
Area & liquidity
Central, southern, eastern and northern areas offer different price/income trade-offs. Review stations, daily life, management and potential resale buyers.
Cash flow & purchase costs
Deduct vacancy loss, management, reserves, taxes and insurance from rent, then account for debt service. Set aside purchase costs and a cash reserve.
Individual legal, tax, registration and immigration decisions or filings require the relevant qualified professionals and authorities. Scope, responsibility and fees are agreed before engagement.
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Objective, budget and timing. You can start with your current situation even if some details remain undecided.