Buildocrat Land Value Book

Land prices in Edo State, October 2026

Residential land in Benin City is about ₦22,600 per m² (a 600 m² plot about ₦13.6m); rural land across Edo about ₦2,300 per m². Values for all 18 local government areas below, from 1,091 listings in the state and a spatial model. NIPOST postcodes in Edo start ED.

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Benin City: land, building and rental values

Land: residential₦22,600per m²
Land: commercial₦83,000per m²
Land: industrial₦36,700per m²
Land: farmland₦10.9mper hectare
Building: 2-bed flat₦51.8masking price
Building: 3-bed flat₦60.8masking price
Building: 4-bed house₦73.3masking price
Building: 5-bed house₦93.8masking price
Rent: 1-bed / mini flat₦419,000per year
Rent: 2-bed flat₦1mper year
Rent: 3-bed flat₦1.3mper year
Rent: 4-bed house₦3.7mper year
Rent: shop or office₦5,040per m² per year

Economic zones

ZonePlacesResidential ₦/m²Commercial ₦/m²Farmland ₦/haRent 3-bed
High-income12₦24,300₦91,600–₦1.3m
Middle-income13₦22,700₦86,700–₦1.3m
Lower-income107₦9,000₦42,000–₦901,000
Small town86₦5,320₦22,700₦17.1m₦808,000
Village875₦2,570₦13,300₦11.5m₦600,000
Remote / farmland966₦1,830₦10,200₦9.1m₦521,000

Every LGA in Edo

LGASettingLand ₦/m²Farmland ₦/haRent 3-bed
OredoUrban₦21,500₦13m₦1.4m
EgorPeri-urban₦8,210₦22.6m₦861,000
Ikpoba-OkhaPeri-urban₦3,260₦13m₦725,000
Esan CentralUrban₦3,190₦11.2m₦655,000
Ovia South-WestRural₦3,190₦13m₦655,000
Ovia North-EastRural₦2,990₦12.5m₦638,000
UhunmwondePeri-urban₦2,940₦11.4m₦606,000
OrhionmwonPeri-urban₦2,740₦11m₦615,000
Etsako EastPeri-urban₦2,520₦10m₦595,000
Etsako WestPeri-urban₦2,480₦9.6m₦591,000
Etsako CentralPeri-urban₦2,470₦9.4m₦590,000
Owan WestRural₦2,460₦11.2m₦589,000
Esan WestRural₦2,420₦10.8m₦585,000
Esan North-EastPeri-urban₦2,240₦10.4m₦567,000
IguegbenPeri-urban₦2,220₦10.1m₦565,000
Akoko-EdoRural₦1,720₦8.5m₦509,000
Owan EastRural₦1,640₦8.1m₦498,000
Esan South-EastRural₦1,430₦7.1m₦472,000

Most valuable towns, districts and estates

Benin ₦23,000/m²Uselu ₦22,000/m²Auchi ₦12,000/m²Gra ₦7,400/m²Ekpoma ₦6,100/m²Okha ₦5,500/m²Idogbo ₦5,300/m²Udo ₦5,300/m²Iguobazuwa ₦5,300/m²Okokpon ₦5,300/m²Oluku ₦5,300/m²Okada ₦5,300/m²Ehor ₦5,300/m²Abudu ₦5,300/m²Ubiaja ₦5,300/m²Igueben ₦5,200/m²Sabongidda Ora ₦4,900/m²Agenebode ₦4,800/m²Fugar ₦4,800/m²Afuze ₦4,700/m²Ibillo Town ₦4,600/m²Uromi ₦4,300/m²Irrua ₦3,900/m²Gra ₦3,200/m²

Questions people ask

How much is a plot of land in Benin City, Edo?

A typical 600 m² residential plot in Benin City, Edo is about ₦13.6m (around ₦22,600 per m²) in asking prices as of October 2026. Commercial land is about ₦83,000 per m². Source: Buildocrat Land Value Book, updated weekly.

How much is rent for a 3-bedroom flat in Benin City, Edo?

About ₦1.3m a year for a 3-bedroom flat, ₦1m for a 2-bedroom flat and ₦419,000 for a 1-bedroom or mini flat (October 2026).

How much does a 4-bedroom house cost in Benin City, Edo?

Asking prices for a 4-bedroom house in Benin City, Edo are around ₦73.3m; a 3-bedroom flat around ₦60.8m (October 2026).

What is the price of farmland in Benin City, Edo?

Farmland in Benin City, Edo is about ₦10.9m per hectare (October 2026).

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