Land prices in Gbonyin LGA, Ekiti
Gbonyin is a urban local government area of Ekiti (462 km², 206 mapped places). Residential land has a median of ₦1,240 per m² (a 600 m² plot about ₦744,000), from about ₦1,080 per m² in its villages to ₦2,750 in its most valuable neighbourhoods. Backed by 4 listings in or near the LGA.
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| Typical 600 m² plot | ₦744,000 | residential |
| Land: residential | ₦1,240 | per m² |
| Land: commercial | ₦2,670 | per m² |
| Land: industrial | ₦2,480 | per m² |
| Land: farmland | ₦5.3m | per hectare |
| Building: 2-bed flat | ₦14.6m | asking price |
| Building: 3-bed flat | ₦16.8m | asking price |
| Building: 4-bed house | ₦28m | asking price |
| Building: 5-bed house | ₦32.3m | asking price |
| Rent: 1-bed / mini flat | ₦191,000 | per year |
| Rent: 2-bed flat | ₦409,000 | per year |
| Rent: 3-bed flat | ₦614,000 | per year |
| Rent: 4-bed house | ₦1.6m | per year |
| Rent: shop or office | ₦2,500 | per m² per year |
Economic zones
| Zone | Places | Residential ₦/m² | Commercial ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|---|
| Small town | 15 | ₦2,960 | ₦5,320 | ₦6.7m | ₦877,000 |
| Village | 83 | ₦1,240 | ₦2,660 | ₦5.1m | ₦614,000 |
| Remote / farmland | 108 | ₦1,220 | ₦2,630 | ₦5.4m | ₦610,000 |
Urban parts of the LGA average ₦1,370 per m²; villages and rural land ₦1,230 per m².
Towns, districts and estates in Gbonyin
Questions people ask
How much is a plot of land in Gbonyin LGA, Ekiti?
A typical 600 m² residential plot in Gbonyin LGA, Ekiti is about ₦744,000 (around ₦1,240 per m²) in asking prices as of October 2026. Commercial land is about ₦2,670 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Gbonyin LGA, Ekiti?
About ₦614,000 a year for a 3-bedroom flat, ₦409,000 for a 2-bedroom flat and ₦191,000 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Gbonyin LGA, Ekiti?
Asking prices for a 4-bedroom house in Gbonyin LGA, Ekiti are around ₦28m; a 3-bedroom flat around ₦16.8m (October 2026).
What is the price of farmland in Gbonyin LGA, Ekiti?
Farmland in Gbonyin LGA, Ekiti is about ₦5.3m per hectare (October 2026).