Property Prices in Nara, Japan

Index Info
Price to Income Ratio: 9.61
Mortgage as Percentage of Income: 55.74%
Loan Affordability Index: 1.79
Price to Rent Ratio - City Centre: 34.48
Price to Rent Ratio - Outside of Centre: 29.91
Gross Rental Yield (City Centre): 2.90%
Gross Rental Yield (Outside of Centre): 3.34%

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Rent Per Month
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1 Bedroom Apartment in City Centre 62,500.00 ¥ 60,000.00-65,000.00
1 Bedroom Apartment Outside of City Centre 52,500.00 ¥ 50,000.00-55,000.00
3 Bedroom Apartment in City Centre 90,000.00 ¥
3 Bedroom Apartment Outside of City Centre 78,333.33 ¥ 65,000.00-100,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 39,748.61 ¥ 30,338.35-51,746.56
Price per Square Feet to Buy Apartment Outside of Centre 29,374.80 ¥ 23,225.57-37,160.91
Salaries And Financing
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Average Monthly Net Salary (After Tax) 193,500.00 ¥
Annual Mortgage Interest Rate (20-Year Fixed, in %) 1.51 0.96-1.80

These data are based on 23 entries from 6 contributors over the past 18 months.
Last update: 23 November 2025

Sources and References
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