Land prices in Monguno LGA, Borno
Monguno is a urban local government area of Borno (2,314 km², 381 mapped places). Residential land has a median of ₦407 per m² (a 900 m² plot about ₦366,300), from about ₦269 per m² in its villages to ₦678 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 900 m² plot | ₦366,300 | residential |
| Land: residential | ₦407 | per m² |
| Land: commercial | ₦1,510 | per m² |
| Land: industrial | ₦814 | per m² |
| Land: farmland | ₦1.8m | per hectare |
| Building: 2-bed flat | ₦10.6m | asking price |
| Building: 3-bed flat | ₦12.1m | asking price |
| Building: 4-bed house | ₦31.6m | asking price |
| Building: 5-bed house | ₦36.3m | asking price |
| Rent: 1-bed / mini flat | ₦132,000 | per year |
| Rent: 2-bed flat | ₦274,000 | per year |
| Rent: 3-bed flat | ₦361,000 | per year |
| Rent: 4-bed house | ₦1.2m | per year |
| Rent: shop or office | ₦1,570 | per m² per year |
Economic zones
| Zone | Places | Residential ₦/m² | Commercial ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|---|
| Small town | 90 | ₦678 | ₦2,260 | ₦3.4m | ₦446,000 |
| Village | 42 | ₦407 | ₦1,510 | ₦2m | ₦361,000 |
| Remote / farmland | 249 | ₦337 | ₦1,300 | ₦1.7m | ₦335,000 |
Urban parts of the LGA average ₦678 per m²; villages and rural land ₦355 per m².
Towns, districts and estates in Monguno
Questions people ask
How much is a plot of land in Monguno LGA, Borno?
A typical 900 m² residential plot in Monguno LGA, Borno is about ₦366,300 (around ₦407 per m²) in asking prices as of October 2026. Commercial land is about ₦1,510 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Monguno LGA, Borno?
About ₦361,000 a year for a 3-bedroom flat, ₦274,000 for a 2-bedroom flat and ₦132,000 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Monguno LGA, Borno?
Asking prices for a 4-bedroom house in Monguno LGA, Borno are around ₦31.6m; a 3-bedroom flat around ₦12.1m (October 2026).
What is the price of farmland in Monguno LGA, Borno?
Farmland in Monguno LGA, Borno is about ₦1.8m per hectare (October 2026).