Naka-Ku Apartment average value

Price 363,772 JPY/sq.m
- Age 23.7 years old
- Dist. from Sta. 26.2 min walk
- Property area 56.4 sq.m

The average price of Hiroshima-Shi Naka-Ku Apartment, in 2020 was 400,052 JPY/sq.m. The market value represents an increase of 19,703 JPY (+5.2%) compared to 1 year ago and a transition to a strong market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 6.3% of total transactions in 2019 and 10.0% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.6% of total transactions in 2019 and 3.3% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 21.8 years old in 2019 and 24.8 years old in 2020; +13.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 39.7% of total transactions in 2019 and 53.3% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.1% of total transactions in 2019 and 13.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Naka-Ku were calculated using data on the sales of 946 properties provided by the MLIT Japan.

Naka-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
八丁堀7,970,000 JPY203,464 JPY/sq.m40 件
十日市町12,468,750 JPY211,640 JPY/sq.m16 件
千田町25,250,000 JPY362,617 JPY/sq.m28 件
上八丁堀16,460,000 JPY284,551 JPY/sq.m30 件
上幟町28,333,333 JPY413,304 JPY/sq.m21 件
中町16,641,304 JPY255,624 JPY/sq.m26 件
住吉町8,841,176 JPY260,770 JPY/sq.m17 件
光南7,329,412 JPY184,897 JPY/sq.m34 件
加古町17,560,000 JPY275,533 JPY/sq.m25 件
南千田東町17,000,000 JPY266,234 JPY/sq.m2 件
南千田西町27,000,000 JPY377,992 JPY/sq.m4 件
南竹屋町34,500,000 JPY460,000 JPY/sq.m4 件
吉島東23,000,000 JPY307,349 JPY/sq.m18 件
吉島町22,333,333 JPY294,921 JPY/sq.m6 件
吉島西25,666,667 JPY353,553 JPY/sq.m6 件
国泰寺町11,279,592 JPY239,653 JPY/sq.m50 件
土橋町13,676,190 JPY242,868 JPY/sq.m42 件
基町33,444,444 JPY591,630 JPY/sq.m9 件
堺町8,342,857 JPY204,537 JPY/sq.m7 件
大手町15,640,000 JPY359,877 JPY/sq.m84 件
宝町20,580,000 JPY311,089 JPY/sq.m10 件
富士見町21,500,000 JPY361,932 JPY/sq.m4 件
寺町16,350,000 JPY181,678 JPY/sq.m2 件
小町41,375,000 JPY519,902 JPY/sq.m8 件
小網町24,571,429 JPY342,347 JPY/sq.m7 件
幟町30,857,143 JPY409,345 JPY/sq.m7 件
平野町24,187,500 JPY338,580 JPY/sq.m16 件
広瀬北町30,750,000 JPY416,621 JPY/sq.m4 件
昭和町12,916,667 JPY215,268 JPY/sq.m6 件
本川町14,526,316 JPY503,810 JPY/sq.m19 件
東千田町41,733,333 JPY507,213 JPY/sq.m30 件
東平塚町12,874,194 JPY252,877 JPY/sq.m31 件
東白島町25,916,667 JPY421,562 JPY/sq.m18 件
榎町9,888,889 JPY209,293 JPY/sq.m9 件
橋本町9,607,407 JPY273,926 JPY/sq.m27 件
江波南12,384,615 JPY175,297 JPY/sq.m13 件
江波東25,000,000 JPY349,744 JPY/sq.m3 件
江波栄町23,600,000 JPY249,677 JPY/sq.m5 件
河原町19,500,000 JPY326,302 JPY/sq.m6 件
猫屋町19,025,000 JPY397,350 JPY/sq.m16 件
白島九軒町26,666,667 JPY361,251 JPY/sq.m9 件
竹屋町29,000,000 JPY350,794 JPY/sq.m3 件
羽衣町26,000,000 JPY354,628 JPY/sq.m7 件
舟入中町16,897,297 JPY380,825 JPY/sq.m37 件
舟入南11,682,609 JPY182,099 JPY/sq.m46 件
舟入幸町13,922,222 JPY224,369 JPY/sq.m27 件
舟入本町16,500,000 JPY251,292 JPY/sq.m21 件
舟入町12,985,106 JPY222,740 JPY/sq.m47 件
西十日市町34,000,000 JPY347,272 JPY/sq.m2 件
西川口町25,500,000 JPY392,308 JPY/sq.m2 件
西平塚町5,700,000 JPY119,111 JPY/sq.m4 件
鉄砲町28,142,857 JPY394,955 JPY/sq.m7 件
鶴見町13,885,714 JPY266,109 JPY/sq.m21 件

Naka-Ku Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New670,459 JPY/sq.m100 %
Residual Value (10 Years)500,766 JPY/sq.m75 %
Residual Value (20 Years)372,931 JPY/sq.m56 %
Residual Value (20 Years)286,951 JPY/sq.m43 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Naka-Ku Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Naka-Ku Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Hiroshima Hiroshima-Shi Naka-Ku 舟入本町 (Hiroshima-Shi Hiroshima 30.0 min walk)
23.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   300,000 JPY/sq.m

2. Hiroshima Hiroshima-Shi Naka-Ku 舟入本町 (Hiroshima-Shi Hiroshima 30.0 min walk)
23.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: SRC
- Trading date: 2013-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

3. Hiroshima Hiroshima-Shi Naka-Ku 舟入町 (Hiroshima-Shi Hiroshima 30.0 min walk)
23.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-09-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

4. Hiroshima Hiroshima-Shi Naka-Ku 国泰寺町 (Hiroshima-Shi Hiroshima 30.0 min walk)
23.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   400,000 JPY/sq.m

5. Hiroshima Hiroshima-Shi Naka-Ku 光南 (Hiroshima-Shi Hiroshima 30.0 min walk)
24.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2018-06-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   276,923 JPY/sq.m

6. Hiroshima Hiroshima-Shi Naka-Ku 舟入町 (Hiroshima-Shi Hiroshima 30.0 min walk)
24.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-06-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   366,667 JPY/sq.m

7. Hiroshima Hiroshima-Shi Naka-Ku 舟入南 (Hiroshima-Shi Hiroshima 30.0 min walk)
23.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: RC
- Trading date: 2008-03-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   109,091 JPY/sq.m

8. Hiroshima Hiroshima-Shi Naka-Ku 榎町 (Hiroshima-Shi Hiroshima 30.0 min walk)
23.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   181,818 JPY/sq.m

9. Hiroshima Hiroshima-Shi Naka-Ku 平野町 (Hiroshima-Shi Hiroshima 30.0 min walk)
23.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   353,846 JPY/sq.m

10. Hiroshima Hiroshima-Shi Naka-Ku 舟入町 (Hiroshima-Shi Hiroshima 30.0 min walk)
22.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2008-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   183,333 JPY/sq.m

11. Hiroshima Hiroshima-Shi Naka-Ku 加古町 (Hiroshima-Shi Hiroshima 30.0 min walk)
24.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-09-01 00:00:00

Trading price:   8,800,000 JPY,    Unit price:   146,667 JPY/sq.m

12. Hiroshima Hiroshima-Shi Naka-Ku 加古町 (Hiroshima-Shi Hiroshima 30.0 min walk)
24.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-09-01 00:00:00

Trading price:   8,800,000 JPY,    Unit price:   146,667 JPY/sq.m

13. Hiroshima Hiroshima-Shi Naka-Ku 大手町 (Hiroshima-Shi Hiroshima 30.0 min walk)
22.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2018-12-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   272,727 JPY/sq.m

14. Hiroshima Hiroshima-Shi Naka-Ku 土橋町 (Hiroshima-Shi Hiroshima 30.0 min walk)
22.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2018-12-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   400,000 JPY/sq.m

15. Hiroshima Hiroshima-Shi Naka-Ku 舟入本町 (Hiroshima-Shi Hiroshima 30.0 min walk)
24.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   384,615 JPY/sq.m

16. Hiroshima Hiroshima-Shi Naka-Ku 土橋町 (Hiroshima-Shi Hiroshima 30.0 min walk)
22.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   32,000,000 JPY,    Unit price:   492,308 JPY/sq.m

17. Hiroshima Hiroshima-Shi Naka-Ku 舟入本町 (Hiroshima-Shi Hiroshima 30.0 min walk)
22.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-06-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   200,000 JPY/sq.m

18. Hiroshima Hiroshima-Shi Naka-Ku 土橋町 (Hiroshima-Shi Hiroshima 30.0 min walk)
25.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2008-03-01 00:00:00

Trading price:   9,900,000 JPY,    Unit price:   180,000 JPY/sq.m

19. Hiroshima Hiroshima-Shi Naka-Ku 堺町 (Hiroshima-Shi Hiroshima 30.0 min walk)
22.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-06-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   290,909 JPY/sq.m

20. Hiroshima Hiroshima-Shi Naka-Ku 舟入町 (Hiroshima-Shi Hiroshima 30.0 min walk)
25.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   181,818 JPY/sq.m

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 6.3% of total transactions in 2019 and 10.0% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.6% of total transactions in 2019 and 3.3% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 21.8 years old in 2019 and 24.8 years old in 2020; +13.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 39.7% of total transactions in 2019 and 53.3% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.1% of total transactions in 2019 and 13.3% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima-Shi Naka-Ku, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Area close to the price in Naka-Ku

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Naka-Ku 南千田西町 (4) [Area]26,000,000361,538 JPY/sq.m23.6 yrs30 min67 sq.m
Naka-Ku 猫屋町 (16) [Area]20,000,000374,000 JPY/sq.m23.6 yrs30 min50 sq.m
Minami-Ku 宇品東 (17) [Area]19,000,000292,308 JPY/sq.m22.3 yrs30 min65 sq.m