Land prices in Ikono LGA, Akwa Ibom
Ikono is a rural local government area of Akwa Ibom (199 km², 76 mapped places). Residential land has a median of ₦3,940 per m² (a 600 m² plot about ₦2.4m), from about ₦3,060 per m² in its villages to ₦4,100 in its most valuable neighbourhoods. There are no listings in the LGA, so these values are modelled from its surroundings.
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| Typical 600 m² plot | ₦2.4m | residential |
| Land: residential | ₦3,940 | per m² |
| Land: commercial | ₦11,900 | per m² |
| Land: industrial | ₦7,890 | per m² |
| Land: farmland | ₦18.8m | per hectare |
| Building: 2-bed flat | ₦20.8m | asking price |
| Building: 3-bed flat | ₦23.9m | asking price |
| Building: 4-bed house | ₦36m | asking price |
| Building: 5-bed house | ₦41.4m | asking price |
| Rent: 1-bed / mini flat | ₦280,000 | per year |
| Rent: 2-bed flat | ₦872,000 | per year |
| Rent: 3-bed flat | ₦1.1m | per year |
| Rent: 4-bed house | ₦2.2m | per year |
| Rent: shop or office | ₦2,840 | per m² per year |
Economic zones
| Zone | Places | Residential ₦/m² | Commercial ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|---|
| Lower-income | 6 | ₦3,980 | ₦11,800 | – | ₦1.1m |
| Village | 69 | ₦3,870 | ₦11,800 | ₦18.7m | ₦1m |
Urban parts of the LGA average ₦5,440 per m²; villages and rural land ₦3,880 per m².
Questions people ask
How much is a plot of land in Ikono LGA, Akwa Ibom?
A typical 600 m² residential plot in Ikono LGA, Akwa Ibom is about ₦2.4m (around ₦3,940 per m²) in asking prices as of October 2026. Commercial land is about ₦11,900 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ikono LGA, Akwa Ibom?
About ₦1.1m a year for a 3-bedroom flat, ₦872,000 for a 2-bedroom flat and ₦280,000 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ikono LGA, Akwa Ibom?
Asking prices for a 4-bedroom house in Ikono LGA, Akwa Ibom are around ₦36m; a 3-bedroom flat around ₦23.9m (October 2026).
What is the price of farmland in Ikono LGA, Akwa Ibom?
Farmland in Ikono LGA, Akwa Ibom is about ₦18.8m per hectare (October 2026).