Hiroshima’s transaction data points to a relatively liquid market for acquiring premises, with 1,279 house transactions in the latest year and a median house price of ¥29,000,000. Prices look stable rather than fast-moving: the trend is flat, the five-year house price CAGR is -1.95%, and the median has returned to ¥29,000,000 in both 2024 and 2025 after sitting at ¥31,000,000–¥32,000,000 earlier in the cycle.
This market suits buyers who want selection and resale comparables more than rarity value. The city’s scale matters: population is 1,201,281, transactions run at 1.065 per 1,000 residents, and daytime population is slightly higher than nighttime population (day-night ratio 1.01), which is consistent with an active urban market. There is also a meaningful lower-entry older-stock segment: the akiya proxy ratio is 0.4246, 2025 old-house median price is ¥15,000,000 versus ¥29,000,000 for all houses, and vacant homes total 73,700 with an 11.72% vacancy rate. For affordability context, the price-to-income ratio is 7.42, and demographics are mature but not extreme, with 25.05% of residents aged 65+.
The caveat is that vacancy does not automatically mean easy deal flow. Despite 73,700 vacant homes, the akiya mobilization ratio is just 0.00737, so only a small share of vacant stock is turning into transacted older homes in a given year. Demand conditions are also not purely expansionary: net migration is -2,505 (-0.21%), and annual transaction counts, while healthy, have fluctuated materially over time, from 863 in 2018 to 1,398 in 2024.