According to a survey conducted between April and May 2023, around 27.4 percent of respondents in Japan who took out variable-rate home loans had a household income of six to eight million Japanese yen. The majority of home loan borrowers had a yearly household income of four million to less than eight million yen, regardless of the type of interest rate selected.
Distribution of housing loan borrowers in Japan as of May 2023, by household income and type of interest rate
among respondents who have taken out a home loan between October 2022 and March 2023; excluding students and unemployed persons
Method of interview
Online survey
Supplementary notes
*Including 78 respondents who have taken out Flat 35 housing loans.
The statistic refers to new home loans for residential use (excluding refinance loans, renovation loans, loans for land only, or apartment or investment loans).
Number of respondents by type of interest rate:
Variable rate: n=1,085
Fixed-rate for selected period: n=275
Fixed-rate for entire period: n=140
100 Japanese yen equal 0.69 U.S. dollars or 0.64 euros as of July 2023.
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JHF. (June 30, 2023). Distribution of housing loan borrowers in Japan as of May 2023, by household income and type of interest rate [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1297407/japan-home-loan-borrower-distribution-by-household-income-and-interest-rate-type/
JHF. "Distribution of housing loan borrowers in Japan as of May 2023, by household income and type of interest rate." Chart. June 30, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1297407/japan-home-loan-borrower-distribution-by-household-income-and-interest-rate-type/
JHF. (2023). Distribution of housing loan borrowers in Japan as of May 2023, by household income and type of interest rate. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1297407/japan-home-loan-borrower-distribution-by-household-income-and-interest-rate-type/
JHF. "Distribution of Housing Loan Borrowers in Japan as of May 2023, by Household Income and Type of Interest Rate." Statista, Statista Inc., 30 Jun 2023, https://www.statista.com/statistics/1297407/japan-home-loan-borrower-distribution-by-household-income-and-interest-rate-type/
JHF, Distribution of housing loan borrowers in Japan as of May 2023, by household income and type of interest rate Statista, https://www.statista.com/statistics/1297407/japan-home-loan-borrower-distribution-by-household-income-and-interest-rate-type/ (last visited November 23, 2024)
Distribution of housing loan borrowers in Japan as of May 2023, by household income and type of interest rate [Graph], JHF, June 30, 2023. [Online]. Available: https://www.statista.com/statistics/1297407/japan-home-loan-borrower-distribution-by-household-income-and-interest-rate-type/
