Okayama Apartment average value

Price 251,754 JPY/sq.m
- Age 20.7 years old
- Dist. from Sta. 18.0 min walk
- Property area 67.4 sq.m
The market price of Okayama Apartment is 251,754 JPY/sq.m, and the median price is 244,444 JPY/sq.m.

The average unit price of Apartment in 2020 was increased +9.1% (+22,836JPY/sq.m) compared with 2019.

Data regarding the market value and its changes were calculated using data on the sales of 2,650 properties provided by the MLIT, Japan.

Okayama Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Okayama-Shi17,746,650 JPY252,215 JPY/sq.m2,110 件
・北区18,325,718 JPY263,362 JPY/sq.m1,477 件
・中区17,698,889 JPY244,083 JPY/sq.m349 件
・東区18,800,000 JPY258,992 JPY/sq.m5 件
・南区14,057,353 JPY191,734 JPY/sq.m279 件
Kurashiki-Shi17,490,000 JPY257,888 JPY/sq.m504 件
Tsuyama-Shi8,223,889 JPY127,774 JPY/sq.m36 件
StationsAverage Trading PriceAverage Unit Price#
JR17,588,516 JPY252,127 JPY/sq.m2,613 件
・伯備線17,398,462 JPY256,896 JPY/sq.m381 件
・吉備線17,823,994 JPY257,693 JPY/sq.m1,154 件
・因美線10,115,385 JPY132,941 JPY/sq.m13 件
・姫新線8,223,889 JPY127,774 JPY/sq.m36 件
・宇野線17,544,197 JPY251,531 JPY/sq.m1,752 件
・山陽本線18,275,841 JPY262,862 JPY/sq.m1,855 件
・本四備讃線14,893,750 JPY206,217 JPY/sq.m16 件
・津山線17,782,599 JPY257,430 JPY/sq.m1,200 件
・赤穂線9,410,811 JPY147,632 JPY/sq.m37 件
Shinkansen18,123,811 JPY261,535 JPY/sq.m1,132 件
・山陽18,123,811 JPY261,535 JPY/sq.m1,132 件
Other9,282,857 JPY148,519 JPY/sq.m35 件
・水島臨海鉄道9,282,857 JPY148,519 JPY/sq.m35 件

Okayama 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 New443,047 JPY/sq.m100 %
Residual Value (10 Years)341,581 JPY/sq.m77 %
Residual Value (20 Years)254,301 JPY/sq.m57 %
Residual Value (20 Years)181,207 JPY/sq.m41 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- 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 Okayama 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 Okayama Apartment that meet the above conditions were calculated in the following manner.

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({{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. Okayama Kurashiki-Shi 老松町 (Kurashiki-Shi Kurashiki 15.0 min walk)
21.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

2. Okayama Okayama-Shi Kita-Ku 辰巳 (Okayama-Shi Kitanagase 15.0 min walk)
21.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   253,333 JPY/sq.m

3. Okayama Tsuyama-Shi 国分寺 (Tsuyama-Shi Higashitsuyama 15.0 min walk)
20.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2014-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   173,333 JPY/sq.m

4. Okayama Okayama-Shi Kita-Ku 島田本町 (Okayama-Shi Okayama 14.0 min walk)
21.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   257,143 JPY/sq.m

5. Okayama Kurashiki-Shi 幸町 (Kurashiki-Shi Kurashiki 14.0 min walk)
21.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   271,429 JPY/sq.m

6. Okayama Kurashiki-Shi 幸町 (Kurashiki-Shi Kurashiki 14.0 min walk)
20.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   246,154 JPY/sq.m

7. Okayama Okayama-Shi Naka-Ku 藤原西町 (Okayama-Shi Takashima 14.0 min walk)
20.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

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

8. Okayama Okayama-Shi Minami-Ku 泉田 (Okayama-Shi Bizennnishiichi 16.0 min walk)
20.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

9. Okayama Okayama-Shi Naka-Ku 藤原西町 (Okayama-Shi Takashima 14.0 min walk)
21.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

10. Okayama Okayama-Shi Kita-Ku 下中野 (Okayama-Shi Oomoto 14.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

11. Okayama Kurashiki-Shi 南町 (Kurashiki-Shi Kurashiki 16.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

12. Okayama Okayama-Shi Minami-Ku 米倉 (Okayama-Shi Bizennnishiichi 16.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

13. Okayama Okayama-Shi Naka-Ku 樶 (Okayama-Shi Takashima 15.0 min walk)
19.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

14. Okayama Kurashiki-Shi 老松町 (Kurashiki-Shi Kurashiki 15.0 min walk)
21.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   171,429 JPY/sq.m

15. Okayama Kurashiki-Shi 南町 (Kurashiki-Shi Kurashiki 16.0 min walk)
21.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

16. Okayama Okayama-Shi Kita-Ku 三野 (Okayama-Shi Houkaiinn 16.0 min walk)
19.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   200,000 JPY/sq.m

17. Okayama Okayama-Shi Naka-Ku 樶 (Okayama-Shi Takashima 14.0 min walk)
19.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   226,667 JPY/sq.m

18. Okayama Okayama-Shi Naka-Ku 藤原西町 (Okayama-Shi Takashima 14.0 min walk)
22.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

19. Okayama Okayama-Shi Kita-Ku 野田 (Okayama-Shi Oomoto 14.0 min walk)
22.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

20. Okayama Okayama-Shi Kita-Ku 三野 (Okayama-Shi Houkaiinn 16.0 min walk)
22.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

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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

The table below shows Apartment dealt in Okayama, 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 Okayama

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
東久留米市 柳窪 (30) [Area]13,500,000252,272 JPY/sq.m21.8 yrs15 min60 sq.m
伊丹市 南野 (5) [Area]17,000,000253,333 JPY/sq.m21.9 yrs20 min65 sq.m
池田市 五月丘 (116) [Area]18,000,000253,333 JPY/sq.m22.0 yrs16 min70 sq.m
Kagoshima (1,889) [Area]18,000,000253,333 JPY/sq.m19.8 yrs16 min70 sq.m
日野市 大字宮 (2) [Area]15,000,000250,000 JPY/sq.m19.8 yrs17 min60 sq.m
JR Tokaido Main Line Shizuoka (1,333) [Stations]16,000,000252,000 JPY/sq.m21.3 yrs21 min65 sq.m
Tokaido Shinkansen Shizuoka (1,333) [Stations]16,000,000252,000 JPY/sq.m21.3 yrs21 min65 sq.m
JR (1,793) [Stations]18,000,000253,333 JPY/sq.m19.8 yrs16 min70 sq.m
Shinkansen (1,132) [Stations]18,000,000250,000 JPY/sq.m21.0 yrs21 min70 sq.m
JR Kibi Line Okayama (1,125) [Stations]18,000,000250,000 JPY/sq.m21.0 yrs21 min70 sq.m