Miyakojima (including Irabu island) and Ishigaki have had some of the fastest-rising land values in Japan. This page lists every official sample point on the two islands, 22 in Miyakojima and 14 in Ishigaki, with its price per ㎡, its one- and five-year change and its full history since the point was first valued (back to 1983 for some). The point count is small, so read the n beside every average.
What these numbers are. Japan's official land prices are appraised benchmark values, not transaction prices: licensed appraisers value a fixed set of sample plots each year, per square metre of land, as if the plot were vacant. Two surveys: the Official Land Price (地価公示, chika kōji) values plots as of 1 January and is published in March; the Prefectural Land Price Survey (基準地価, kijun chika) values plots as of 1 July and is published in September. They are not the price of a condo (no building, no share of a site), and actual sales, especially of central commercial land and popular ski-resort plots, often happen well above them. Every median below shows its point count (n); where n is small, one plot can move the figure.
The "+17%" headlines: which survey and which year?
Figures of "+17.1% commercial, +16.0% residential" for Miyakojima and "+26.1% for an Irabu plot" circulate in Japanese news. We recalculated them from the survey files (average of each continuing point's change, MLIT's own method):
- "Commercial +17.1%, residential +16.0%, all uses +16.3%" are Miyakojima's averages in the 1 January 2025 Official Land Price (公示地価): our recalculation gives exactly +17.1%, +16.0% and +16.3%. They are sometimes quoted as the 2025 July survey (基準地価), but that survey's Miyakojima averages were lower: commercial +12.5%, residential +11.2%.
- Latest (2026): the rise is slowing. 公示 1 Jan 2026: commercial +13.6% (n=2), residential +11.8% (n=6), all uses +12.3%. 基準 1 Jul 2026: commercial +8.2% (n=3), residential +7.8% (n=11).
- "An Irabu plot rose +26.1%, second in Japan" is the Ikema-zoe (池間添) residential point in the 1 July 2024 survey (¥14,500/㎡, +26.1%). The same point rose +18.6% in 2025 and +4.7% in 2026, to ¥18,000/㎡.
| City · survey · use | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Miyakojima · 公示 1 Jan · Residential | +7.7% n=6 | +12.3% n=6 | +16.0% n=6 | +11.8% n=6 |
| Miyakojima · 公示 1 Jan · Commercial | +3.5% n=2 | +12.4% n=2 | +17.1% n=2 | +13.6% n=2 |
| Miyakojima · 公示 1 Jan · All uses | +6.6% n=8 | +12.3% n=8 | +16.3% n=8 | +12.3% n=8 |
| Miyakojima · 基準 1 Jul · Residential | +16.6% n=10 | +17.9% n=10 | +11.2% n=11 | +7.8% n=11 |
| Miyakojima · 基準 1 Jul · Commercial | +12.6% n=3 | +15.2% n=3 | +12.5% n=3 | +8.2% n=3 |
| Miyakojima · 基準 1 Jul · All uses | +15.7% n=13 | +17.3% n=13 | +11.5% n=14 | +7.9% n=14 |
| Ishigaki · 公示 1 Jan · Residential | +13.4% n=3 | +12.1% n=3 | +19.4% n=3 | +4.2% n=3 |
| Ishigaki · 公示 1 Jan · Commercial | +4.5% n=2 | +4.8% n=2 | +14.4% n=2 | +8.1% n=2 |
| Ishigaki · 公示 1 Jan · All uses | +9.9% n=5 | +9.2% n=5 | +17.4% n=5 | +5.8% n=5 |
| Ishigaki · 基準 1 Jul · Residential | +6.7% n=6 | +5.7% n=6 | +6.1% n=6 | +5.9% n=6 |
| Ishigaki · 基準 1 Jul · Commercial | +3.8% n=3 | +5.1% n=3 | +11.5% n=3 | +9.0% n=3 |
| Ishigaki · 基準 1 Jul · All uses | +5.7% n=9 | +5.5% n=9 | +7.9% n=9 | +6.9% n=9 |
Year-on-year average of continuing points, recalculated from the 2026 survey files. Points that were dropped before 2026 are not in those files, so older years can differ slightly from what was published at the time. 公示 = value on 1 January; 基準 = value on 1 July.
City medians, 2026
| City / survey | Residential | Commercial | ||||
|---|---|---|---|---|---|---|
| Median ¥/㎡ | 1 yr | 5 yr | Median ¥/㎡ | 1 yr | 5 yr | |
| Miyakojima 宮古島市 基準 1 Jul 2026 | ¥18,000 US$114/㎡ · US$10.6/ft² n=11 | +7.8% n=11 | +97.8% n=10 | ¥150,000 US$952/㎡ · US$88.4/ft² n=3 | +8.2% n=3 | +62.1% n=3 |
| Miyakojima 宮古島市 公示 1 Jan 2026 | ¥31,550 US$200/㎡ · US$18.6/ft² n=6 | +11.8% n=6 | +47.0% n=6 | ¥111,250 US$706/㎡ · US$65.6/ft² n=2 | +13.6% n=2 | +59.0% n=2 |
| Ishigaki 石垣市 基準 1 Jul 2026 | ¥39,700 US$252/㎡ · US$23.4/ft² n=6 | +5.9% n=6 | +33.9% n=6 | ¥138,000 US$876/㎡ · US$81.4/ft² n=3 | +9.0% n=3 | +34.5% n=3 |
| Ishigaki 石垣市 公示 1 Jan 2026 | ¥72,800 US$462/㎡ · US$42.9/ft² n=3 | +4.2% n=3 | +61.4% n=3 | ¥151,750 US$963/㎡ · US$89.5/ft² n=2 | +8.1% n=2 | +34.9% n=2 |
Miyakojima by area
Miyakojima City merged five towns in 2005: Hirara (the town centre and port), Irabu (Irabu and Shimoji islands, over the 2015 bridge), Shimoji (the south-west, towards Maehama beach), Ueno and Gusukube (the east). We group the points by the address. All commercial points are in Hirara, so the Hirara median is much higher.
| Area | 基準地価, 1 Jul 2026 | 公示地価, 1 Jan 2026 | ||||||
|---|---|---|---|---|---|---|---|---|
| n | Median | 1 yr (avg) | 5 yr (median) | n | Median | 1 yr (avg) | 5 yr (median) | |
| Hirara 平良 5 commercial | 8 | ¥54,850 US$348/㎡ · US$32.3/ft² | +7.2% n=8 | +66.6% n=8 | 5 | ¥64,800 US$411/㎡ · US$38.2/ft² | +12.3% n=5 | +48.8% n=5 |
| Irabu 伊良部 | 2 | ¥20,500 US$130/㎡ · US$12.1/ft² | +3.9% n=2 | +95.7% n=1 | 0 | — | — | — |
| Shimoji 下地 | 1 | ¥28,500 US$181/㎡ · US$16.8/ft² | +18.8% n=1 | +126.2% n=1 | 0 | — | — | — |
| Ueno 上野 | 1 | ¥15,100 US$96/㎡ · US$8.9/ft² | +10.2% n=1 | +105.4% n=1 | 1 | ¥15,500 US$98/㎡ · US$9.1/ft² | +16.5% n=1 | +148.4% n=1 |
| Gusukube 城辺 | 2 | ¥12,250 US$78/㎡ · US$7.2/ft² | +8.4% n=2 | +110.6% n=2 | 2 | ¥12,050 US$76/㎡ · US$7.1/ft² | +10.1% n=2 | +65.3% n=2 |
Every Miyakojima point
Both surveys, 2026. "Since first year" is the multiple since the first year the point was valued; the small line is that point's own history (its own scale, so compare shapes, not heights). Some points peaked in the early-1990s bubble.
Hirara 平良 (13 point(s))
| Point | Location | Use | Price per ㎡ | 1 yr | 5 yr | Since first year | History |
|---|---|---|---|---|---|---|---|
| 基準 1 Jul 宮古島5-1 | 平良字西里根間246番 北小前停 | Commercial | ¥227,000 US$1,440/㎡ · US$133.8/ft² | +6.1% | +62.1% | ×0.93 from 1983 peak 1992 (280,000) | 1983–2026 |
| 基準 1 Jul 宮古島5-3 | 平良字下里大嶺356番61外 市場通り停 | Commercial | ¥150,000 US$952/㎡ · US$88.4/ft² | +12.8% | +98.2% | ×2.59 from 2019 | 2019–2026 |
| 基準 1 Jul 宮古島5-2 | 平良字西里出口556番 北給油所前停 | Commercial | ¥110,000 US$698/㎡ · US$64.8/ft² | +5.8% | +36.6% | ×1.31 from 2002 | 2002–2026 |
| 基準 1 Jul 宮古島-9 | 平良字久貝ムイ原852番9 ファミリーマート久貝店前停 | Residential | ¥65,200 US$414/㎡ · US$38.4/ft² | +15.0% | +89.0% | ×2.43 from 2015 | 2015–2026 |
| 基準 1 Jul 宮古島-1 | 平良字西仲宗根染地112番1 平良停 | Residential | ¥44,500 US$282/㎡ · US$26.2/ft² | +4.0% | +33.6% | ×1.14 from 1983 peak 1992 (51,100) | 1983–2026 |
| 基準 1 Jul 宮古島-3 | 平良字西里アラバ1537番3 宮古自練前停 | Residential | ¥24,600 US$156/㎡ · US$14.5/ft² | +5.1% | +112.1% | ×3.73 from 1983 | 1983–2026 |
| 基準 1 Jul 宮古島-5 | 平良字西原西屋敷281番2 西辺停 | Residential | ¥15,100 US$96/㎡ · US$8.9/ft² | +1.3% | +24.8% | ×1.12 from 1983 peak 1996 (16,300) | 1983–2026 |
| 基準 1 Jul 宮古島-4 | 平良字島尻越原1428番3 購買店前停 | Residential | ¥10,400 US$66/㎡ · US$6.1/ft² | +7.2% | +71.1% | ×1.73 from 1993 | 1993–2026 |
| 公示 1 Jan 宮古島5-1 | 平良字西里羽立391番外 北給油所前停 | Commercial | ¥149,000 US$945/㎡ · US$87.8/ft² | +14.6% | +62.3% | ×1.23 from 2000 | 2000–2026 |
| 公示 1 Jan 宮古島5-2 | 平良字下里西里61番外 公設市場前停 | Commercial | ¥73,500 US$466/㎡ · US$43.3/ft² | +12.7% | +55.7% | ×0.43 from 1995 peak 1995 (172,000) | 1995–2026 |
| 公示 1 Jan 宮古島-1 | 平良字西里前比屋273番 沖銀前停 | Residential | ¥64,800 US$411/㎡ · US$38.2/ft² | +12.3% | +40.0% | ×1.03 from 1983 peak 1993 (83,100) | 1983–2026 |
| 公示 1 Jan 宮古島-3 | 平良字下里大原842番1 元うえの停 | Residential | ¥52,900 US$336/㎡ · US$31.2/ft² | +11.4% | +41.1% | ×0.99 from 1995 peak 1995 (53,500) | 1995–2026 |
| 公示 1 Jan 宮古島-2 | 平良字東仲宗根ソデ山871番11 大阪自店前停 | Residential | ¥47,600 US$302/㎡ · US$28.1/ft² | +10.7% | +48.8% | ×1.34 from 2000 | 2000–2026 |
Irabu 伊良部 (2 point(s))
| Point | Location | Use | Price per ㎡ | 1 yr | 5 yr | Since first year | History |
|---|---|---|---|---|---|---|---|
| 基準 1 Jul 宮古島-16 | 伊良部字国仲大崎118番1外 国仲公民館前停 | Residential | ¥23,000 US$146/㎡ · US$13.6/ft² | +3.1% | — | ×1.07 from 2024 | 2024–2026 |
| 基準 1 Jul 宮古島-15 | 伊良部字池間添下桃山219番 みやげ品店ふるさと前停 | Residential | ¥18,000 US$114/㎡ · US$10.6/ft² | +4.7% | +95.7% | ×1.70 from 1996 | 1996–2026 |
Shimoji 下地 (1 point(s))
| Point | Location | Use | Price per ㎡ | 1 yr | 5 yr | Since first year | History |
|---|---|---|---|---|---|---|---|
| 基準 1 Jul 宮古島-11 | 下地字上地ツーガ家502番6 上地交差点停 | Residential | ¥28,500 US$181/㎡ · US$16.8/ft² | +18.8% | +126.2% | ×3.10 from 1993 | 1993–2026 |
Ueno 上野 (2 point(s))
| Point | Location | Use | Price per ㎡ | 1 yr | 5 yr | Since first year | History |
|---|---|---|---|---|---|---|---|
| 基準 1 Jul 宮古島-13 | 上野字上野ソバンメ394番15 ヤーバル停 | Residential | ¥15,100 US$96/㎡ · US$8.9/ft² | +10.2% | +105.4% | ×2.45 from 1995 | 1995–2026 |
| 公示 1 Jan 宮古島-6 | 上野字野原東方原1104番 野原公民館前停 | Residential | ¥15,500 US$98/㎡ · US$9.1/ft² | +16.5% | +148.4% | ×3.30 from 1994 | 1994–2026 |
Gusukube 城辺 (4 point(s))
| Point | Location | Use | Price per ㎡ | 1 yr | 5 yr | Since first year | History |
|---|---|---|---|---|---|---|---|
| 基準 1 Jul 宮古島-7 | 城辺字砂川島中原102番 砂川停 | Residential | ¥13,000 US$82/㎡ · US$7.7/ft² | +8.3% | +100.0% | ×2.39 from 1996 | 1996–2026 |
| 基準 1 Jul 宮古島-8 | 城辺字保良村内507番 保良停 | Residential | ¥11,500 US$73/㎡ · US$6.8/ft² | +8.5% | +121.2% | ×4.42 from 1983 | 1983–2026 |
| 公示 1 Jan 宮古島-4 | 城辺字福里西方630番3 城辺小前停 | Residential | ¥13,100 US$83/㎡ · US$7.7/ft² | +8.3% | +45.1% | ×1.46 from 1994 | 1994–2026 |
| 公示 1 Jan 宮古島-5 | 城辺字比嘉比嘉125番 比嘉停 | Residential | ¥11,000 US$70/㎡ · US$6.5/ft² | +11.9% | +85.5% | ×2.00 from 1994 | 1994–2026 |
Every Ishigaki point
| Point | Location | Use | Price per ㎡ | 1 yr | 5 yr | Since first year | History |
|---|---|---|---|---|---|---|---|
| 基準 1 Jul 石垣5-1 | 字石垣長田次良若5番2 美崎町バスターミナル | Commercial | ¥195,000 US$1,237/㎡ · US$115.0/ft² | +8.9% | +34.5% | ×0.68 from 1989 peak 1991 (319,000) | 1989–2026 |
| 基準 1 Jul 石垣5-3 | 字真栄里慶田山544番1 サンエー前停 | Commercial | ¥138,000 US$876/㎡ · US$81.4/ft² | +10.4% | +53.3% | ×1.77 from 2019 | 2019–2026 |
| 基準 1 Jul 石垣5-2 | 字大川東ノハカ20番5 桟橋通り停 | Commercial | ¥113,000 US$717/㎡ · US$66.6/ft² | +7.6% | +30.3% | ×0.62 from 1986 peak 1991 (218,000) | 1986–2026 |
| 基準 1 Jul 石垣-3 | 新栄町51番23 美崎町バスターミナル | Residential | ¥76,000 US$482/㎡ · US$44.8/ft² | +2.3% | +29.9% | ×1.39 from 1983 peak 1997 (77,900) | 1983–2026 |
| 基準 1 Jul 石垣-7 | 字新川川花351番23 長間橋停 | Residential | ¥57,500 US$365/㎡ · US$33.9/ft² | +9.1% | +52.5% | ×1.22 from 2001 | 2001–2026 |
| 基準 1 Jul 石垣-5 | 字新川真喜良2357番66 真喜良郵便局前停 | Residential | ¥48,000 US$305/㎡ · US$28.3/ft² | +5.5% | +44.6% | ×1.41 from 1989 | 1989–2026 |
| 基準 1 Jul 石垣-1 | 字川平内原900番1 川平公園前停 | Residential | ¥31,400 US$199/㎡ · US$18.5/ft² | +6.4% | +18.5% | ×0.90 from 1991 peak 1992 (35,900) | 1991–2026 |
| 基準 1 Jul 石垣-4 | 字宮良村内266番 宮良西停 | Residential | ¥23,300 US$148/㎡ · US$13.7/ft² | +6.4% | +37.9% | ×1.46 from 1995 | 1995–2026 |
| 基準 1 Jul 石垣-2 | 字伊原間前原50番1 伊原間停 | Residential | ¥15,200 US$96/㎡ · US$9.0/ft² | +5.6% | +20.6% | ×1.28 from 1992 | 1992–2026 |
| 公示 1 Jan 石垣5-1 | 字大川中ノハカ207番3 東運輸バスターミナル | Commercial | ¥209,000 US$1,326/㎡ · US$123.2/ft² | +11.2% | +41.2% | ×0.88 from 1986 peak 1991 (293,000) | 1986–2026 |
| 公示 1 Jan 石垣5-2 | 新栄町70番12 新川小学校前停 | Commercial | ¥94,500 US$600/㎡ · US$55.7/ft² | +5.0% | +28.6% | ×0.64 from 1995 peak 1995 (147,000) | 1995–2026 |
| 公示 1 Jan 石垣-1 | 字登野城村内104番 裁判所前停 | Residential | ¥73,800 US$468/㎡ · US$43.5/ft² | +4.4% | +59.1% | ×1.42 from 1983 | 1983–2026 |
| 公示 1 Jan 石垣-2 | 字新川喜田盛14番1 桃林寺前停 | Residential | ¥72,800 US$462/㎡ · US$42.9/ft² | +4.1% | +61.4% | ×1.46 from 1983 | 1983–2026 |
| 公示 1 Jan 石垣-3 | 字平得西原129番3 中央運動公園入口停 | Residential | ¥71,700 US$455/㎡ · US$42.3/ft² | +4.2% | +63.7% | ×1.45 from 1995 | 1995–2026 |
Top risers
Biggest one-year rises (both islands, both surveys, 2026)
| # | Point | City / area | Use | Price per ㎡ | 1 yr | 5 yr |
|---|---|---|---|---|---|---|
| 1 | 基準 1 Jul 宮古島-11 宮古島市下地字上地ツーガ家502番6 | Miyakojima · Shimoji 下地 | Residential | ¥28,500 US$181/㎡ · US$16.8/ft² | +18.8% | +126.2% |
| 2 | 公示 1 Jan 宮古島-6 宮古島市上野字野原東方原1104番 | Miyakojima · Ueno 上野 | Residential | ¥15,500 US$98/㎡ · US$9.1/ft² | +16.5% | +148.4% |
| 3 | 基準 1 Jul 宮古島-9 宮古島市平良字久貝ムイ原852番9 | Miyakojima · Hirara 平良 | Residential | ¥65,200 US$414/㎡ · US$38.4/ft² | +15.0% | +89.0% |
| 4 | 公示 1 Jan 宮古島5-1 宮古島市平良字西里羽立391番外 | Miyakojima · Hirara 平良 | Commercial | ¥149,000 US$945/㎡ · US$87.8/ft² | +14.6% | +62.3% |
| 5 | 基準 1 Jul 宮古島5-3 宮古島市平良字下里大嶺356番61外 | Miyakojima · Hirara 平良 | Commercial | ¥150,000 US$952/㎡ · US$88.4/ft² | +12.8% | +98.2% |
| 6 | 公示 1 Jan 宮古島5-2 宮古島市平良字下里西里61番外 | Miyakojima · Hirara 平良 | Commercial | ¥73,500 US$466/㎡ · US$43.3/ft² | +12.7% | +55.7% |
| 7 | 公示 1 Jan 宮古島-1 宮古島市平良字西里前比屋273番 | Miyakojima · Hirara 平良 | Residential | ¥64,800 US$411/㎡ · US$38.2/ft² | +12.3% | +40.0% |
| 8 | 公示 1 Jan 宮古島-5 宮古島市城辺字比嘉比嘉125番 | Miyakojima · Gusukube 城辺 | Residential | ¥11,000 US$70/㎡ · US$6.5/ft² | +11.9% | +85.5% |
| 9 | 公示 1 Jan 宮古島-3 宮古島市平良字下里大原842番1 | Miyakojima · Hirara 平良 | Residential | ¥52,900 US$336/㎡ · US$31.2/ft² | +11.4% | +41.1% |
| 10 | 公示 1 Jan 石垣5-1 石垣市字大川中ノハカ207番3 | Ishigaki · Ishigaki 石垣 | Commercial | ¥209,000 US$1,326/㎡ · US$123.2/ft² | +11.2% | +41.2% |
Biggest five-year rises (2021→2026)
| # | Point | City / area | Use | Price per ㎡ | 1 yr | 5 yr |
|---|---|---|---|---|---|---|
| 1 | 公示 1 Jan 宮古島-6 宮古島市上野字野原東方原1104番 | Miyakojima · Ueno 上野 | Residential | ¥15,500 US$98/㎡ · US$9.1/ft² | +16.5% | +148.4% |
| 2 | 基準 1 Jul 宮古島-11 宮古島市下地字上地ツーガ家502番6 | Miyakojima · Shimoji 下地 | Residential | ¥28,500 US$181/㎡ · US$16.8/ft² | +18.8% | +126.2% |
| 3 | 基準 1 Jul 宮古島-8 宮古島市城辺字保良村内507番 | Miyakojima · Gusukube 城辺 | Residential | ¥11,500 US$73/㎡ · US$6.8/ft² | +8.5% | +121.2% |
| 4 | 基準 1 Jul 宮古島-3 宮古島市平良字西里アラバ1537番3 | Miyakojima · Hirara 平良 | Residential | ¥24,600 US$156/㎡ · US$14.5/ft² | +5.1% | +112.1% |
| 5 | 基準 1 Jul 宮古島-13 宮古島市上野字上野ソバンメ394番15 | Miyakojima · Ueno 上野 | Residential | ¥15,100 US$96/㎡ · US$8.9/ft² | +10.2% | +105.4% |
| 6 | 基準 1 Jul 宮古島-7 宮古島市城辺字砂川島中原102番 | Miyakojima · Gusukube 城辺 | Residential | ¥13,000 US$82/㎡ · US$7.7/ft² | +8.3% | +100.0% |
| 7 | 基準 1 Jul 宮古島5-3 宮古島市平良字下里大嶺356番61外 | Miyakojima · Hirara 平良 | Commercial | ¥150,000 US$952/㎡ · US$88.4/ft² | +12.8% | +98.2% |
| 8 | 基準 1 Jul 宮古島-15 宮古島市伊良部字池間添下桃山219番 | Miyakojima · Irabu 伊良部 | Residential | ¥18,000 US$114/㎡ · US$10.6/ft² | +4.7% | +95.7% |
| 9 | 基準 1 Jul 宮古島-9 宮古島市平良字久貝ムイ原852番9 | Miyakojima · Hirara 平良 | Residential | ¥65,200 US$414/㎡ · US$38.4/ft² | +15.0% | +89.0% |
| 10 | 公示 1 Jan 宮古島-5 宮古島市城辺字比嘉比嘉125番 | Miyakojima · Gusukube 城辺 | Residential | ¥11,000 US$70/㎡ · US$6.5/ft² | +11.9% | +85.5% |
Twenty years of land values
Median residential land value, 2006–2026 (基準地価)
Table view
| Year | Miyakojima (¥/㎡) | Ishigaki (¥/㎡) |
|---|---|---|
| 2006 | 8,200 | 25,450 |
| 2007 | 8,200 | 25,650 |
| 2008 | 8,200 | 25,800 |
| 2009 | 8,140 | 25,350 |
| 2010 | 8,100 | 25,150 |
| 2011 | 8,050 | 24,950 |
| 2012 | 8,050 | 24,800 |
| 2013 | 8,050 | 25,050 |
| 2014 | 8,050 | 25,600 |
| 2015 | 8,050 | 26,250 |
| 2016 | 8,090 | 27,000 |
| 2017 | 8,140 | 27,450 |
| 2018 | 8,300 | 28,000 |
| 2019 | 8,850 | 28,600 |
| 2020 | 9,200 | 29,350 |
| 2021 | 9,200 | 29,850 |
| 2022 | 9,500 | 31,250 |
| 2023 | 11,500 | 32,750 |
| 2024 | 14,000 | 34,800 |
| 2025 | 14,900 | 37,500 |
| 2026 | 15,100 | 39,700 |
On the same 9 residential points, Miyakojima's median went from ¥8,200 in 2006 to ¥15,100 in 2026 (×1.8); most of the rise came after 2015, when the Irabu bridge (opened 2015), the Shimojishima airport terminal (2019) and hotel building brought demand. Ishigaki's 6 points went from ¥25,450 to ¥39,700 (×1.6).
What property actually sold for
Closed-price data in preparation (成約データ準備中). We show what homes and land actually sold for only from MLIT's brokers' closed prices (成約価格), downloaded as official CSV files. The Okinawa file has not been added yet, so this page shows no sale-price levels for Miyakojima or Ishigaki. Until then, treat the benchmark values above as a trend, not as a price: plots near the beaches and in resort developments often sell far above them.
Before you buy on Miyakojima or Ishigaki
Water supply, typhoon-proof building rules, minpaku (holiday-let) rules, and the land-use survey law near defence sites (重要土地等調査法) all matter more on these islands than on the mainland. Read our Miyakojima & Ishigaki buyer notes →
How we calculated this
- Data: every Miyakojima City and Ishigaki City sample point in the 2026 Official Land Price (公示地価, 1 Jan 2026) and the 2026 Prefectural Land Price Survey (基準地価, 1 Jul 2026), MLIT National Land Numerical Information. Each file carries every year's value of each point since 1983, with a flag for re-selected or paused years.
- The two surveys are never mixed; medians and averages are for one survey, with n.
- 1-yr change of an area = simple average of continuing points (MLIT's method); 5-yr change = median change since 2021 of points valued in all six years with no re-selection.
- Areas are the five former towns, taken from the point's address (宮古島市平良…, 伊良部…, 下地…, 上野…, 城辺…).
- The chart uses only points valued in every year 2006–2026 (same sample each year).
- US dollars at ¥157.59 = US$1 (ECB, 2026-09-25) for every year.
Source: "National Land Numerical Information (Land Price Publication data / Prefectural Land Price Survey data)", Ministry of Land, Infrastructure, Transport and Tourism (MLIT): https://nlftp.mlit.go.jp/ksj/gml/datalist/KsjTmplt-L01-2026.html and https://nlftp.mlit.go.jp/ksj/gml/datalist/KsjTmplt-L02-2026.html, licensed under CC BY 4.0. Processed and translated by Japan House Prices: the medians, averages, rankings, station groupings, English names and dollar conversions are our own calculations and are not published or endorsed by MLIT. Japan House Prices is not affiliated with MLIT or any prefecture.
「国土数値情報（地価公示データ）」（国土交通省）（https://nlftp.mlit.go.jp/ksj/gml/datalist/KsjTmplt-L01-2026.html）を加工して作成／「国土数値情報（都道府県地価調査データ）」（国土交通省）（https://nlftp.mlit.go.jp/ksj/gml/datalist/KsjTmplt-L02-2026.html）を加工して作成
National and regional headline changes: 出典：「令和8年都道府県地価調査」（国土交通省）（https://www.mlit.go.jp/report/press/tochi_fudousan_kensetsugyo04_hh_000001_00084.html）; 2026 Official Land Price press release: MLIT.
Exchange rate: ECB euro foreign exchange reference rates (cross rate), 2026-09-25. This page is not a valuation, an offer of property, or investment advice. Last reviewed 2026-09.
Thinking of buying in Miyakojima / Ishigaki?
We can introduce you to licensed local brokers who work with overseas buyers. We are not a real estate broker; we introduce you to licensed Japanese brokers. We don't describe, recommend or negotiate properties, and we don't charge buyers. Brokers may pay us a referral fee.
We are not a real estate broker and we do not value property. We introduce you to licensed Japanese brokers (宅地建物取引業者), who handle all property explanations, valuations and negotiations. Official land prices are one reference point; ask the broker for recent comparable sales before you make an offer.
More
Japan land prices 2026 (all areas) · Niseko & Hakuba land prices · Airbnb (minpaku) rules by city · Tax & cost calculator · Buying in Japan as a foreigner · 中文：宮古島・石垣島地價（台灣） · 宮古島・石垣島地價（香港）