Kanazawa’s transaction data points to a relatively liquid premises-acquisition market by regional-city standards: 718 house trades in 2025, or 1.549 transactions per 1,000 residents, with a median house price of ¥22,000,000. Prices look stable rather than fast-moving, with a flat 5-year trend and 0.0% CAGR, while older houses changed hands at a lower median of ¥14,000,000.
This is the kind of market that suits buyers who want selection and resale evidence more than deep-discount scarcity. The vacancy rate is high at 14.79% with 36,190 vacant homes, and the akiya proxy ratio of 0.4568 suggests a meaningful older-stock segment; at the same time, the akiya mobilization ratio is only 0.00906, so vacant stock does not automatically translate into easy turnover. For owner-operators, the affordability picture is middling rather than cheap: the price-to-income ratio is 5.84 against average taxable income of ¥3,764,397, and the city remains a daytime draw with a day-night ratio of 1.07 despite net migration of -592.
The main caveat is that these figures combine all house transactions and do not isolate commercial-use properties, mixed-use buildings, renovation costs, lot size, or location within the city. Vacancy data is from 2023, income from 2024, and migration from 2024, so the market read is assembled from different reference years. Also, the recent rise in old-house transactions and their median price in 2025 shows activity, but not necessarily how quickly specific akiya-like properties can be bought, financed, or repurposed.