What the data says
This page covers Naha City (那覇市), Okinawa's prefectural capital, where the official sale records are deepest. On brokers' closed prices (成約価格, published from 2021) the median resale condo in Naha sold for ¥415,000/㎡ in 2021 and ¥475,000/㎡ in 2025, up 14%, with 2025 adding 4%; the median 2025 sale was ¥35.0m, on 187 sales. That is about 57% of central Osaka (¥833,000/㎡) and under a third of central Tokyo (¥1.65m/㎡) in the same year. Location matters: in sales since 2023, condos in Omoromachi (the redeveloped district around Omoromachi monorail station) sold for a median ¥756,000/㎡ on 63 sales, against ¥578,000/㎡ in Makishi, ¥338,000/㎡ in Uebaru and ¥300,000/㎡ in Matsugawa. Houses are thin in the closed-price data (16–31 sales a year; median ¥45.0m in 2025). MLIT's separate buyer survey (取引価格・アンケート), shown only as its own line, goes back to 2015: ¥277,000/㎡ then and ¥450,000/㎡ in 2025 (+62%). The two series are never combined. Resort villages such as Onna and Chatan and the outer islands are not in this data.
Prices by year
Median sale price, resale condominiums, closed prices
Median price per ㎡ of floor area, resale condominiums: closed prices and buyer survey (two separate series)
Table view: prices by year
Closed prices (成約価格), 2021–2025: the figures used throughout this page. All types = condos and houses (the closed-price data has no land-only sales).
| Year | Sales (all types) | Condo median price | Condo ¥/㎡ | All-types median price | All-types ¥/㎡ |
|---|---|---|---|---|---|
| 2021 | 178 | ¥31.5m | ¥415,000 | ¥33.0m | ¥393,182 |
| 2022 | 169 | ¥32.0m | ¥428,571 | ¥34.0m | ¥400,000 |
| 2023 | 183 | ¥34.0m | ¥455,556 | ¥35.0m | ¥426,667 |
| 2024 | 224 | ¥34.0m | ¥457,143 | ¥35.0m | ¥437,500 |
| 2025 | 218 | ¥35.0m | ¥475,000 | ¥37.0m | ¥451,667 |
Buyer survey (取引価格・アンケート), 2015–2025: a separate series, shown for the longer trend only and never combined with the table above. All types = condos, houses and land.
| Year | Sales (all types) | Condo median price | Condo ¥/㎡ | All-types median price | All-types ¥/㎡ |
|---|---|---|---|---|---|
| 2015 | 363 | ¥17.0m | ¥276,923 | ¥24.0m | ¥182,576 |
| 2016 | 362 | ¥19.5m | ¥297,059 | ¥32.0m | ¥198,936 |
| 2017 | 355 | ¥23.0m | ¥347,899 | ¥30.0m | ¥244,671 |
| 2018 | 366 | ¥26.5m | ¥384,615 | ¥33.0m | ¥317,157 |
| 2019 | 334 | ¥24.0m | ¥361,818 | ¥31.0m | ¥277,350 |
| 2020 | 293 | ¥30.0m | ¥418,182 | ¥33.0m | ¥284,524 |
| 2021 | 313 | ¥29.5m | ¥406,667 | ¥35.0m | ¥310,096 |
| 2022 | 231 | ¥30.0m | ¥416,667 | ¥35.0m | ¥329,032 |
| 2023 | 250 | ¥29.0m | ¥450,000 | ¥37.0m | ¥350,000 |
| 2024 | 302 | ¥34.0m | ¥500,000 | ¥38.0m | ¥360,851 |
| 2025 | 283 | ¥30.0m | ¥450,000 | ¥39.0m | ¥320,000 |
By property type, 2021–2025 (closed prices)
Medians across all years of MLIT's closed prices (成約価格). The ¥/㎡ basis differs by type (floor area for condominiums, land area for houses), so compare ¥/㎡ only within a type. The closed-price data has no land-only sales.
| Type | Sales | Median price | Median ¥/㎡ |
|---|---|---|---|
| Condominium (resale) 中古マンション等 | 859 | ¥34.0m ≈ US$215,000 | ¥447,059 per ㎡ of floor area |
| House / building with land 宅地(土地と建物) | 113 | ¥45.0m ≈ US$285,000 | ¥335,714 per ㎡ of land area |
Table view: ¥/㎡ by type and year (closed prices)
| Year | Condominium (resale) ¥/㎡ (n) | House / building with land ¥/㎡ (n) |
|---|---|---|
| 2021 | ¥415,000 n=154 | ¥338,690 n=24 |
| 2022 | ¥428,571 n=145 | ¥330,667 n=24 |
| 2023 | ¥455,556 n=167 | ¥326,667 n=16 |
| 2024 | ¥457,143 n=206 | ¥276,389 n=18 |
| 2025 | ¥475,000 n=187 | ¥348,571 n=31 |
Buyer survey (取引価格・アンケート), 2015–2025: by type, including land (separate series)
A separate data set, never combined with the closed prices above. Medians across all years, then by year.
| Type | Sales | Median price | Median ¥/㎡ |
|---|---|---|---|
| Condominium (resale) 中古マンション等 | 1,329 | ¥27.0m ≈ US$171,000 | ¥386,667 per ㎡ of floor area |
| House / building with land 宅地(土地と建物) | 1,076 | ¥48.0m ≈ US$304,000 | ¥285,714 per ㎡ of land area |
| Land only 宅地(土地) | 1,047 | ¥31.0m ≈ US$196,000 | ¥160,000 per ㎡ of land area |
| Forest land 林地 | 5 | ¥25.0m ≈ US$158,000 | ¥103,448 per ㎡ of land area |
| Farmland 農地 | 1 | ¥31.0m ≈ US$196,000 | ¥182,353 per ㎡ of land area |
| Year | Condominium (resale) ¥/㎡ (n) | House / building with land ¥/㎡ (n) | Land only ¥/㎡ (n) |
|---|---|---|---|
| 2015 | ¥276,923 n=116 | ¥212,905 n=109 | ¥124,038 n=138 |
| 2016 | ¥297,059 n=96 | ¥256,250 n=113 | ¥167,708 n=153 |
| 2017 | ¥347,899 n=120 | ¥274,968 n=117 | ¥175,000 n=118 |
| 2018 | ¥384,615 n=134 | ¥315,789 n=125 | ¥145,000 n=107 |
| 2019 | ¥361,818 n=136 | ¥272,727 n=93 | ¥164,706 n=105 |
| 2020 | ¥418,182 n=127 | ¥276,759 n=80 | ¥146,154 n=86 |
| 2021 | ¥406,667 n=134 | ¥300,000 n=97 | ¥166,667 n=82 |
| 2022 | ¥416,667 n=106 | ¥317,073 n=75 | ¥157,326 n=50 |
| 2023 | ¥450,000 n=109 | ¥352,941 n=80 | ¥200,000 n=61 |
| 2024 | ¥500,000 n=143 | ¥288,182 n=90 | ¥200,000 n=69 |
| 2025 | ¥450,000 n=108 | ¥325,000 n=97 | ¥179,211 n=78 |
Where in Naha, Okinawa: districts and stations
Most price reports stop at city or ward level. MLIT records the district and nearest station for each sale, so we can show how much prices differ within Naha, Okinawa.
By district: resale condominiums, 2023–2025
Districts with at least 10 resale-condo sales in 2023–2025, largest first. Condo-only, so the ¥/㎡ figures are comparable (per ㎡ of floor area). Closed prices (成約価格) only.
| District | Condo sales | Median ¥/㎡ | ≈ US$/ft² | Median price |
|---|---|---|---|---|
| Omoromachi おもろまち | 63 | ¥755,556 | US$444 | ¥56.0m |
| Makishi 牧志 | 38 | ¥578,022 | US$340 | ¥41.5m |
| Nishi 西 | 26 | ¥500,000 | US$294 | ¥39.5m |
| Uebaru 宇栄原 | 17 | ¥337,500 | US$198 | ¥25.0m |
| Kohagura 古波蔵 | 25 | ¥437,500 | US$257 | ¥35.0m |
| Tomari 泊 | 23 | ¥400,000 | US$235 | ¥29.0m |
| Matsuo 松尾 | 22 | ¥366,667 | US$215 | ¥26.0m |
| Tsubogawa 壺川 | 24 | ¥489,904 | US$288 | ¥33.0m |
| Oroku 小禄 | 14 | ¥413,333 | US$243 | ¥31.0m |
| Oroku (Aza) 字小禄 | 11 | ¥460,000 | US$270 | ¥34.0m |
| Uenoya 上之屋 | 14 | ¥534,848 | US$314 | ¥40.0m |
| Matsugawa (Aza) 字松川 | 11 | ¥300,000 | US$176 | ¥21.0m |
By nearest station: resale condominiums, 2023–2025
Nearest stations with at least 10 resale-condo sales in 2023–2025, largest first. Condo-only, so the ¥/㎡ figures are comparable (per ㎡ of floor area). Closed prices (成約価格) only.
| Nearest station | Condo sales | Median ¥/㎡ | ≈ US$/ft² | Median price |
|---|---|---|---|---|
| Omoromachi おもろまち | 66 | ¥697,059 | US$410 | ¥50.0m |
| Asato 安里 | 45 | ¥371,429 | US$218 | ¥26.0m |
| Miebashi 美栄橋 | 44 | ¥400,000 | US$235 | ¥31.0m |
| Tsubogawa 壺川 | 42 | ¥492,821 | US$290 | ¥35.5m |
| Asahibashi 旭橋 | 34 | ¥485,294 | US$285 | ¥33.5m |
| Makishi 牧志 | 26 | ¥569,444 | US$335 | ¥41.5m |
| Kenchomae 県庁前(沖縄) | 19 | ¥418,182 | US$246 | ¥30.0m |
| Akamine 赤嶺 | 21 | ¥383,333 | US$225 | ¥29.0m |
| Onoyama-koen 奥武山公園 | 17 | ¥461,538 | US$271 | ¥34.0m |
| Oroku 小禄 | 15 | ¥460,000 | US$270 | ¥35.0m |
In your currency
Converted at ECB reference rates of 2026-10-06: ¥158.09 = 1 USD, ¥110.38 = 1 AUD, ¥20.14 = 1 HKD, ¥123.78 = 1 SGD. The same rate is applied to every figure, so these are today's-money conversions of yen prices, not what was paid at the time. Your bank's rate and fees will differ. Closed prices (成約価格).
| JPY | USD | AUD | HKD | SGD | |
|---|---|---|---|---|---|
| Median price, 2025 (condo) | ¥35,000,000 | US$221,000 | A$317,000 | HK$1.74m | S$283,000 |
| Median ¥/㎡, 2025 | ¥475,000 | US$3,005 | A$4,303 | HK$23,580 | S$3,837 |
| Median price per ft², 2025 | ¥44,129 | US$279 | A$400 | HK$2,191 | S$356 |
Exchange rates matter as much as prices. At each year's average rate (¥110 per US$ in 2021, ¥150 in 2025), the median ¥/㎡ for resale condominiums, closed prices went from about US$3,777 to US$3,174 per ㎡: -16% in dollar terms, against +14% in yen. Dollar-based owners who bought in 2021 have seen a smaller gain than the yen figures suggest, and dollar-based buyers today pay less in their own currency than the yen trend implies.
Read this before relying on the numbers
- Two price series, never mixed. MLIT publishes brokers' closed prices (成約価格情報, from 2021) and, separately, a buyer survey (取引価格・アンケート, from before 2015). Every level figure on this page (medians, ¥/㎡, districts, stations, currencies, the typical-property example) uses closed prices only. The buyer survey appears only as its own labelled line and table, for the longer trend: it includes many more small investment studios, so its medians sit below closed prices and the two lines must not be read as one series. The same sale can appear in both.
- Mix effects. A median moves when the mix of what sold changes (size, age, tower vs. low-rise, location), even if like-for-like prices don't. The data does not let us hold quality constant; this is not a repeat-sales index.
- ¥/㎡ bases differ. Condominium ¥/㎡ is per ㎡ of floor area; houses and land are per ㎡ of land. Don't compare across types.
- Stations and districts are as recorded by MLIT (nearest station; district = 町名). A nearest station can lie outside the ward. English names are our romanisation.
FAQ
What is the average property price in Okinawa?
On MLIT's closed-price data for Naha, the median resale condominium sold for ¥35.0m in 2025, or ¥475,000 per square metre of floor area (187 sales). This is a median for Naha only, not all of Okinawa; resort villages and the outer islands differ. For Miyako and Ishigaki see our Miyako & Ishigaki buyer notes and official land prices.
Can foreigners buy property in Okinawa?
Yes. Japan has no general ban on foreign buyers, and the same rules apply in Okinawa as elsewhere (see buying property in Japan as a foreigner). Parts of Okinawa are designated zones under the Important Land Act around defence and US-forces facilities. In Naha, one special zone covers the western waterfront around Naha Air Base, the military port and Naha Airport, and two monitored zones cover other areas (Cabinet Office notice 令和6年内閣府告示第91号). In a special zone, seller and buyer must both notify the government before the contract when the land or unit is 200 ㎡ or more. Check the address on our zone list by municipality and the official map.
Can I rent out a Naha condo to tourists?
Only within Japan's private-lodging rules and the building's own rules; many condominium management rules ban short-term letting. See minpaku rules by city and, for hotel demand in the prefecture, Okinawa hotel occupancy.
Methodology
- Data: Brokers' closed prices (成約価格情報), 2021Q1–2025Q4, for every level figure; and, only as a separate labelled series, the buyer-survey transaction prices (不動産取引価格情報), 2015Q1–2025Q4 for Naha, Okinawa (那覇市; municipality code 47201), from the MLIT Real Estate Information Library. Fetched 2026-10-08.
- Median, not average: a few very large sales (whole buildings, development land) would distort an average.
- ¥/㎡: price divided by recorded area: floor area for condominiums, land area for land and land-with-building sales.
- Coverage: MLIT publishes brokers' closed prices (REINS-based, from 2021) and, separately, prices reported through its buyer survey. We select each record by MLIT's price-type field (価格情報区分) and never pool the two. Neither covers every sale, and prices and areas are rounded.
- Year: the quarter of the transaction recorded by MLIT, grouped by calendar year.
- “All property types” = land, land with building, and resale condominiums. Forest land and farmland are shown only in the by-type table.
- Excluded as non-market: sales flagged by MLIT as between related parties, court auctions/mediation, or purchase of adjoining land.
- Plots recorded only as “2,000㎡ or more” / “5,000㎡ or more” are counted in price medians but not in ¥/㎡.
- The latest year shown is the last complete calendar year; newer quarters are held back until the year is complete.
- Newest data available at fetch time: 2026Q1.
What would a typical property here cost in total?
Taxes and fees on top of the price, and the property taxes due every year, for a typical sale in Naha, Okinawa. Worked out with our Japan property tax & cost calculator: open it to change any assumption, add rent for yield and withholding, or a sale for capital-gains tax.
Naha, Okinawa: typical resale condo: ¥35.0m
Price = 2025 median resale-condo closed price (成約価格) in Naha, Okinawa (MLIT, n=187); floor area 74㎡ = price ÷ median ¥475,000/㎡. Assumes: 30% of the price is land; built 2005; reinforced concrete; non-resident buyer; let to a long-term tenant; city planning tax included.
Estimates only — confirm with a licensed Japanese tax accountant (税理士). Local taxes use an assumed assessed value (land 70%, building 60% of each part of the price); the real figure is on the seller's tax bill. Last reviewed 2026-09.
Can you get a mortgage to buy in Naha, Okinawa? It depends on your residency status: permanent residents borrow like Japanese nationals, a few banks lend to foreigners living in Japan on a visa, and buyers living abroad have only a handful of options (mostly for Taiwan and Hong Kong), usually with 30–50% down. See Japanese mortgages for foreigners: lenders by residency status (updated monthly), or estimate the monthly repayment: permanent resident · living in Japan, no PR · living abroad. We are not a lender and receive no fees from banks.
Source: MLIT Real Estate Information Library (processed by Japan House Prices). https://www.reinfolib.mlit.go.jp/ — 出典：国土交通省 不動産情報ライブラリ（https://www.reinfolib.mlit.go.jp/）のデータを加工して作成. Original content: Transaction prices (不動産取引価格情報) and contract prices (成約価格情報). We filtered, grouped and took medians of the published records; the resulting figures are our own and are not published or endorsed by MLIT (国土交通省).
Exchange rates: ECB euro foreign exchange reference rates of 2026-10-06. Past transaction prices do not predict future prices; this page is not a valuation, an offer of property, or investment advice. Last reviewed 2026-09.
Thinking of buying in Naha, Okinawa?
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.
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New to buying in Japan? Read our step-by-step guide for foreign buyers. Rules for foreign buyers are changing: see the foreign ownership rules tracker. Planning to rent it out short-term? See Airbnb (minpaku) rules by city. Need a loan? See mortgages for foreigners by residency status. Worried about earthquakes and floods? See Tokyo earthquake & flood risk by ward (with prices).