What the data says
Shinjuku is the most affordable of the five central wards for condos and, on brokers' closed prices (成約価格), has risen the least: the median resale condo went from ¥1.00m/㎡ in 2021 to ¥1.23m/㎡ in 2025 (+23%), and 2025 was almost flat on 2024 (+1%). It also has the most house sales of the five wards in the closed-price data (292 in 2021–2025). Station areas vary widely: 2023–2025 condo medians range from ¥1.66m/㎡ for homes nearest Nishi-Shinjuku-gochome and ¥1.57m/㎡ nearest Yotsuya-sanchome to about ¥867,000/㎡ nearest Higashi-Shinjuku. MLIT's separate buyer survey (取引価格・アンケート), shown only as its own line, went from ¥882,000/㎡ in 2015 to ¥1.40m/㎡ in 2025 (+59%).
Airbnb / minpaku rules here (absentee owner, nights per year; rules checked 2026-09-27)
- Shinjuku Ward 新宿区: Limited. Residential zones: weekends only (~156). Elsewhere 180. Planned: no new units in residential zones, 120 in commercial. 3,775 active minpaku registrations (2026-07-15, +503 vs a year earlier).
Most condo buildings ban minpaku in their bylaws, and a licence stays with the operator, not the building. Rules, registrations and upcoming changes by city →
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 | 839 | ¥48.0m | ¥1,000,000 | ¥50.0m | ¥1,000,000 |
| 2022 | 954 | ¥53.0m | ¥1,064,583 | ¥55.0m | ¥1,066,667 |
| 2023 | 1,027 | ¥53.0m | ¥1,076,923 | ¥55.0m | ¥1,085,714 |
| 2024 | 1,055 | ¥59.0m | ¥1,217,391 | ¥60.0m | ¥1,215,385 |
| 2025 | 1,384 | ¥60.0m | ¥1,225,000 | ¥63.0m | ¥1,233,333 |
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 | 1,094 | ¥23.0m | ¥882,353 | ¥33.0m | ¥857,143 |
| 2016 | 1,143 | ¥24.0m | ¥912,500 | ¥33.0m | ¥900,000 |
| 2017 | 1,159 | ¥26.0m | ¥950,000 | ¥33.0m | ¥950,000 |
| 2018 | 1,117 | ¥28.0m | ¥1,025,000 | ¥38.0m | ¥1,000,000 |
| 2019 | 1,116 | ¥28.5m | ¥1,050,000 | ¥34.0m | ¥1,033,333 |
| 2020 | 1,173 | ¥31.0m | ¥1,100,000 | ¥37.0m | ¥1,082,857 |
| 2021 | 1,219 | ¥32.0m | ¥1,142,857 | ¥43.0m | ¥1,120,000 |
| 2022 | 1,170 | ¥33.0m | ¥1,163,636 | ¥44.5m | ¥1,150,000 |
| 2023 | 1,104 | ¥34.0m | ¥1,200,000 | ¥45.0m | ¥1,200,000 |
| 2024 | 1,093 | ¥39.0m | ¥1,300,000 | ¥50.0m | ¥1,300,000 |
| 2025 | 1,091 | ¥44.0m | ¥1,400,000 | ¥58.0m | ¥1,400,000 |
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 | 4,967 | ¥55.0m ≈ US$349,000 | ¥1,114,286 per ㎡ of floor area |
| House / building with land 宅地(土地と建物) | 292 | ¥78.5m ≈ US$498,000 | ¥1,252,273 per ㎡ of land area |
Table view: ¥/㎡ by type and year (closed prices)
| Year | Condominium (resale) ¥/㎡ (n) | House / building with land ¥/㎡ (n) |
|---|---|---|
| 2021 | ¥1,000,000 n=789 | ¥1,046,886 n=50 |
| 2022 | ¥1,064,583 n=910 | ¥1,141,429 n=44 |
| 2023 | ¥1,076,923 n=975 | ¥1,350,877 n=52 |
| 2024 | ¥1,217,391 n=995 | ¥1,190,000 n=60 |
| 2025 | ¥1,225,000 n=1298 | ¥1,403,704 n=86 |
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 | 9,345 | ¥30.0m ≈ US$190,000 | ¥1,093,333 per ㎡ of floor area |
| House / building with land 宅地(土地と建物) | 2,156 | ¥110m ≈ US$698,000 | ¥1,073,401 per ㎡ of land area |
| Land only 宅地(土地) | 978 | ¥85.0m ≈ US$539,000 | ¥900,000 per ㎡ of land area |
| Year | Condominium (resale) ¥/㎡ (n) | House / building with land ¥/㎡ (n) | Land only ¥/㎡ (n) |
|---|---|---|---|
| 2015 | ¥882,353 n=778 | ¥877,237 n=212 | ¥687,500 n=104 |
| 2016 | ¥912,500 n=847 | ¥900,000 n=208 | ¥762,353 n=88 |
| 2017 | ¥950,000 n=883 | ¥1,000,000 n=181 | ¥833,333 n=95 |
| 2018 | ¥1,025,000 n=831 | ¥1,000,000 n=198 | ¥828,105 n=88 |
| 2019 | ¥1,050,000 n=846 | ¥966,481 n=201 | ¥763,158 n=69 |
| 2020 | ¥1,100,000 n=916 | ¥1,000,000 n=187 | ¥894,444 n=70 |
| 2021 | ¥1,142,857 n=898 | ¥1,115,556 n=204 | ¥975,000 n=117 |
| 2022 | ¥1,163,636 n=847 | ¥1,108,889 n=230 | ¥950,000 n=93 |
| 2023 | ¥1,200,000 n=827 | ¥1,350,000 n=187 | ¥1,076,923 n=90 |
| 2024 | ¥1,300,000 n=837 | ¥1,500,000 n=165 | ¥1,100,000 n=91 |
| 2025 | ¥1,400,000 n=835 | ¥1,523,810 n=183 | ¥1,300,000 n=73 |
Where in Shinjuku: districts and stations
Most price reports stop at city or ward level. MLIT records the district and nearest station for each sale, so we can show how much prices differ within Shinjuku.
By district: resale condominiums, 2023–2025
Districts with at least 10 resale-condo sales in 2023–2025, largest first. Condo-only, so the ¥/㎡ figures are comparable (per ㎡ of floor area). Closed prices (成約価格) only.
| District | Condo sales | Median ¥/㎡ | ≈ US$/ft² | Median price |
|---|---|---|---|---|
| Nishi-Shinjuku 西新宿 | 422 | ¥1,336,667 | US$788 | ¥63.0m |
| Kita-Shinjuku 北新宿 | 207 | ¥1,060,000 | US$625 | ¥48.0m |
| Shinjuku 新宿 | 208 | ¥976,389 | US$576 | ¥38.0m |
| Nishi-Waseda 西早稲田 | 197 | ¥1,036,364 | US$611 | ¥50.0m |
| Tomihisacho 富久町 | 121 | ¥1,800,000 | US$1,061 | ¥120m |
| Naka-Ochiai 中落合 | 119 | ¥916,667 | US$540 | ¥50.0m |
| Shimo-Ochiai 下落合 | 127 | ¥1,050,000 | US$619 | ¥47.0m |
| Takadanobaba 高田馬場 | 114 | ¥900,000 | US$531 | ¥33.0m |
| Okubo 大久保 | 106 | ¥1,046,053 | US$617 | ¥51.5m |
| Hyakunincho 百人町 | 101 | ¥1,025,000 | US$604 | ¥54.0m |
| Kami-Ochiai 上落合 | 71 | ¥820,000 | US$483 | ¥35.0m |
| Nishi-Ochiai 西落合 | 60 | ¥752,778 | US$444 | ¥32.5m |
By nearest station: resale condominiums, 2023–2025
Nearest stations with at least 10 resale-condo sales in 2023–2025, largest first. Condo-only, so the ¥/㎡ figures are comparable (per ㎡ of floor area). Closed prices (成約価格) only.
| Nearest station | Condo sales | Median ¥/㎡ | ≈ US$/ft² | Median price |
|---|---|---|---|---|
| Shinjuku-gyoemmae 新宿御苑前 | 214 | ¥1,400,000 | US$825 | ¥64.0m |
| Takadanobaba 高田馬場 | 224 | ¥1,000,000 | US$590 | ¥50.5m |
| Nishi-Shinjuku-gochome 西新宿五丁目 | 190 | ¥1,658,654 | US$978 | ¥87.5m |
| Yotsuya-sanchome 四谷三丁目 | 173 | ¥1,571,429 | US$926 | ¥89.0m |
| Ushigome-yanagicho 牛込柳町 | 172 | ¥1,264,912 | US$746 | ¥69.5m |
| Kagurazaka 神楽坂 | 165 | ¥1,466,667 | US$865 | ¥87.0m |
| Akebonobashi 曙橋 | 170 | ¥1,240,404 | US$731 | ¥59.0m |
| Waseda 早稲田(メトロ) | 151 | ¥1,100,000 | US$648 | ¥51.0m |
| Okubo 大久保(東京) | 149 | ¥952,381 | US$561 | ¥41.0m |
| Higashi-Shinjuku 東新宿 | 140 | ¥866,667 | US$511 | ¥40.5m |
| Nishi-Shinjuku 西新宿 | 141 | ¥1,454,545 | US$857 | ¥80.0m |
| Ushigome-kagurazaka 牛込神楽坂 | 105 | ¥1,280,000 | US$755 | ¥75.0m |
In your currency
Converted at ECB reference rates of 2026-09-25: ¥157.59 = 1 USD, ¥110.79 = 1 AUD, ¥20.09 = 1 HKD, ¥123.39 = 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) | ¥60,000,000 | US$381,000 | A$542,000 | HK$2.99m | S$486,000 |
| Median ¥/㎡, 2025 | ¥1,225,000 | US$7,773 | A$11,057 | HK$60,974 | S$9,927 |
| Median price per ft², 2025 | ¥113,806 | US$722 | A$1,027 | HK$5,665 | S$922 |
Exchange rates matter as much as prices. At each year's average rate (¥110 per US$ in 2021, ¥150 in 2025), the median ¥/㎡ for resale condominiums, closed prices went from about US$9,102 to US$8,185 per ㎡: -10% in dollar terms, against +23% 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.
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 Shinjuku, Tokyo (新宿区; municipality code 13104), from the MLIT Real Estate Information Library. Fetched 2026-09-29.
- 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.
Official land price here (基準地価, 1 July 2026, published September 2026)
| Area | Residential median ¥/㎡ | Commercial median ¥/㎡ | 1 yr, all uses | 5 yr, all uses |
|---|---|---|---|---|
| Shinjuku 新宿区 | ¥1,050,000 US$6,663/㎡ · n=12 | ¥3,800,000 US$24,113/㎡ · n=29 | +14.5% n=41 | +54.5% n=41 |
Appraised benchmark values per ㎡ of land (as if vacant), not transaction prices, and not comparable one-to-one with the sale prices above (which include buildings and, for condos, are per ㎡ of floor area). n = sample points. Processed from MLIT National Land Numerical Information (CC BY 4.0); our medians. USD at ECB 2026-09-25. Official land prices by ward and station, 2006–2026 →
Disaster risk here (public hazard data, area level)
- Shinjuku 新宿区: 46% chance of JMA 6-lower shaking or stronger in 30 years (median across the area; range 33%–62%); 12% of the area in a ≥0.5 m river-flood zone; 3% in a storm-surge zone; liquefaction indicator low (2% of boreholes high); <1% in landslide zones; 16% of resale condos sold in 2021–25 were pre-1981 (contract and buyer-survey data pooled).
Busiest stations on this page:
- Shinjuku-gyoemmae 新宿御苑前: 50% (6-lower, 30 yr); ≥0.5 m river flood on 2% of the 500 m circle; liquefaction indicator low
- Takadanobaba 高田馬場: 43% (6-lower, 30 yr); ≥0.5 m river flood on 39% of the 500 m circle; liquefaction indicator low; landslide zone within 500 m
- Nishi-Shinjuku-gochome 西新宿五丁目: 52% (6-lower, 30 yr); ≥0.5 m river flood on 31% of the 500 m circle; liquefaction indicator medium; landslide zone within 500 m
Earthquake: J-SHIS 2024 (processed). Flood: MLIT maximum-scale river-flood zones; drain and sewer (内水) flooding is not included. Liquefaction: our proxy from Tokyo's open borehole data, not the official map. Figures describe the area, not a building. We do not give insurance or building-inspection advice; this page summarises public data. Earthquake & flood risk by ward and station, and what the 1981 standard means →
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 Shinjuku. 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.
Shinjuku, Tokyo: typical resale condo: ¥60.0m
Price = 2025 median resale-condo closed price (成約価格) in Shinjuku, Tokyo (MLIT, n=1,298); floor area 49㎡ = price ÷ median ¥1,225,000/㎡. 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 Shinjuku? 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 2026-09-25. 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 Shinjuku?
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.
More price pages
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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).