Wakayama Rental House market overview [Show ]

The average rent of a sq.m Rental House of Wakayama was 858 JPY/sq.m, and the median rent was 822 JPY/sq.m.

The highest Rental House market value is Nankai at 846 JPY/sq.m. On the other hand, those with the lowest market value is JR at 835 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Gobo-Shi at -31.4% (The rate of decline after 30 years). On the other hand, market values along the Higashimuro-Gun was the most resistant to decline at -16.1% (The same rate).

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Nankai at -33.7% (The rate of decline after 30 years). On the other hand, market values along the JR was the most resistant to decline at -29.4% (The same rate).

Data regarding the rental market value and its changes were calculated using data on the posts of 324 properties.

Value:

Unit:

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Rental market value

AreaAverage Rental PriceAverage Unit Price
Wakayama-Shi [Land utilization ]68,548 JPY874 JPY/sq.m
Hashimoto-Shi [Land utilization ]65,000 JPY686 JPY/sq.m
Gobo-Shi [Land utilization ]56,400 JPY737 JPY/sq.m
Tanabe-Shi [Land utilization ]75,000 JPY878 JPY/sq.m
Shingu-Shi [Land utilization ]56,250 JPY734 JPY/sq.m
Kinokawa-Shi [Land utilization ]55,526 JPY746 JPY/sq.m
Iwade-Shi [Land utilization ]59,574 JPY796 JPY/sq.m
Hidaka-Gun [Land utilization ]57,143 JPY867 JPY/sq.m
Higashimuro-Gun [Land utilization ]46,556 JPY1,325 JPY/sq.m
StationsAverage Rental PriceAverage Unit Price
JR [Land utilization ]65,930 JPY869 JPY/sq.m
Nankai [Land utilization ]70,543 JPY894 JPY/sq.m
Other [Land utilization ]70,496 JPY847 JPY/sq.m