Wakayama Rental Apartment market overview [Show ]

The average rent of a sq.m Rental Apartment of Wakayama was 1,343 JPY/sq.m, and the median rent was 1,222 JPY/sq.m.

The highest Rental Apartment market value is JR at 1,265 JPY/sq.m. On the other hand, those with the lowest market value is Nankai at 1,233 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Iwade-Shi at -33.2% (The rate of decline after 30 years). On the other hand, market values along the Shingu-Shi was the most resistant to decline at -7.7% (The same rate).

In accordance with the aging of buildings, the stations whose values were most likely to decline was the JR at -7.7% (The rate of decline after 30 years). On the other hand, market values along the Nankai was the most resistant to decline at -6.1% (The same rate).

Data regarding the rental market value and its changes were calculated using data on the posts of 3,608 properties.

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Rental market value

AreaAverage Rental PriceAverage Unit Price
Wakayama-Shi [Land utilization ]52,364 JPY1,349 JPY/sq.m
Kainan-Shi [Land utilization ]49,454 JPY1,890 JPY/sq.m
Hashimoto-Shi [Land utilization ]43,549 JPY1,086 JPY/sq.m
Arida-Shi [Land utilization ]47,000 JPY1,150 JPY/sq.m
Gobo-Shi [Land utilization ]50,400 JPY1,237 JPY/sq.m
Tanabe-Shi [Land utilization ]57,323 JPY1,178 JPY/sq.m
Shingu-Shi [Land utilization ]42,500 JPY6,005 JPY/sq.m
Kinokawa-Shi [Land utilization ]38,368 JPY1,086 JPY/sq.m
Iwade-Shi [Land utilization ]44,566 JPY1,068 JPY/sq.m
Ito-Gun [Land utilization ]43,300 JPY1,102 JPY/sq.m
Arida-Gun [Land utilization ]48,918 JPY1,036 JPY/sq.m
Hidaka-Gun [Land utilization ]47,000 JPY887 JPY/sq.m
Higashimuro-Gun [Land utilization ]51,091 JPY6,297 JPY/sq.m
StationsAverage Rental PriceAverage Unit Price
JR [Land utilization ]52,653 JPY1,383 JPY/sq.m
Nankai [Land utilization ]51,637 JPY1,291 JPY/sq.m
Other [Land utilization ]57,653 JPY1,422 JPY/sq.m