Average Home Price Tokyo Japan 2025

Average home price Tokyo Japan 2025 is an important topic for anyone planning to live, invest, or settle in the city. Tokyo’s real estate market is dynamic, with significant differences depending on location. Understanding price ranges, ward-by-ward variations, and the costs of purchasing or renting helps you make better decisions before entering the housing market.

How Costly Is Life in Tokyo?

Tokyo consistently ranks among the world’s major cities with high housing costs. While more affordable than New York or London in some respects, property prices in 2025 continue to rise steadily.

For homebuyers, the average condominium price in central Tokyo can exceed ¥80–100 million, while suburban areas remain more affordable at around ¥40–60 million. For renters, a 1LDK (one-bedroom with living, dining, and kitchen space) may range from ¥110,000 to ¥200,000 per month, depending on location.

Both ownership and renting reflect the city’s balance between convenience, prestige, and affordability.

See more: Tokyo apartment rental prices

Housing Prices Across Tokyo’s Wards

The cost of owning or renting in Tokyo depends heavily on the ward.

• Premium Wards: Minato, Shibuya, and Chiyoda are among the most expensive, with average home prices often topping ¥100 million for condos. Renting a 1LDK here usually costs more than ¥190,000 per month.
• Mid-Tier Wards: Areas like Meguro, Setagaya, and Bunkyo offer slightly more affordable options. Homes range from ¥60–80 million, and rentals for 1LDK apartments average ¥150,000–¥180,000.
• Budget-Friendly Wards: In Nerima, Adachi, and Itabashi, homes are significantly cheaper, around ¥40–50 million, with rentals closer to ¥110,000–¥140,000 per month.

Ward location directly affects housing prices, especially proximity to major train lines and business districts.

Modern living in city center

See more: Tokyo apartment rent cost

Initial Costs When Buying or Renting

Whether buying or renting, upfront costs in Japan are higher than many expect.

For buyers:

• Down payment: Expect an initial payment of around 20–30% of the purchase cost.
• Transaction fees: Registration, legal, and agent fees often add 5–7% of the home price.
• Taxes: Property acquisition and stamp duty apply.

For renters:

• Security deposit and key money: One to two months’ rent each.
• Agency commission: Commonly equal to one month of rent plus tax. 
• Guarantor company fee: Common for foreign residents.

These costs highlight the importance of careful financial planning before committing to a property.

Apartment with full furnished 

See more: How much is a one bedroom apartment in Japan?

Choosing the Right Ward to Live In

The best ward depends on your lifestyle and goals.

• For professionals: Shibuya and Chiyoda are near offices, entertainment, and transport.
• For families: Setagaya, Bunkyo, and Suginami are quieter and known for parks and schools.
• For affordability: Adachi and Nerima offer cheaper home prices while remaining well-connected.

Choosing the right ward involves balancing average home price Tokyo Japan 2025 with your daily living needs.

Is Living in Central Tokyo Within a Budget?

Central Tokyo is attractive for its convenience, but prices reflect demand. Condos can exceed ¥100 million, while rentals are some of the highest in the city.

If you can afford the premium, living centrally reduces commuting time and increases access to Tokyo’s best facilities. If not, nearby suburban wards provide a more budget-friendly option while still keeping you close to the heart of the city.

1 room apartment with affordable price

Why Central Tokyo Offers a Balanced Choice

For many, central Tokyo strikes a middle ground between cost and lifestyle value. While homes here are more expensive, the benefits of shorter commutes, world-class infrastructure, and vibrant neighborhoods often justify the price.

Even within central Tokyo, you’ll find a range of housing, from luxury towers to renovated older apartments, allowing flexibility for different budgets.

Conclusion

Understanding the average home price Tokyo Japan 2025 is essential whether you’re buying or renting. Central wards demand higher budgets but offer unmatched convenience, while outer wards provide affordable options without sacrificing too much access.

At Arealty, we support foreigners navigating Tokyo’s housing market. With multilingual expertise and local insights, we simplify the process of finding or purchasing your ideal home in Japan.