Land prices in Owerri Municipal LGA, Imo

Owerri Municipal is a metro core local government area of Imo (63 km², 109 mapped places). Residential land has a median of ₦25,700 per m² (a 600 m² plot about ₦15.4m), from about ₦19,400 per m² in its villages to ₦30,700 in its most valuable neighbourhoods. Backed by 269 listings in or near the LGA.

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Land, building and rental values

Typical 600 m² plot	₦15.4m	residential
Land: residential	₦25,700	per m²
Land: commercial	₦25,700	per m²
Land: industrial	₦51,400	per m²
Building: 2-bed flat	₦72.3m	asking price
Building: 3-bed flat	₦83.2m	asking price
Building: 4-bed house	₦111m	asking price
Building: 5-bed house	₦135m	asking price
Rent: 1-bed / mini flat	₦584,000	per year
Rent: 2-bed flat	₦1.1m	per year
Rent: 3-bed flat	₦1.3m	per year
Rent: 4-bed house	₦5.8m	per year
Rent: shop or office	₦8,820	per m² per year

Economic zones

Zone	Places	Residential ₦/m²	Commercial ₦/m²	Farmland ₦/ha	Rent 3-bed
High-income	93	₦26,100	₦26,100	–	₦1.3m
Middle-income	29	₦21,600	₦21,600	–	₦1.2m

Urban parts of the LGA average ₦25,700 per m²; villages and rural land ₦12,100 per m².

Towns, districts and estates in Owerri Municipal

Owerri city, ₦31,000/m² Naze town, ₦24,000/m² Irete town, ₦20,000/m² Akachi Pocket Layout area, ₦27,000/m² Area E area, ₦26,000/m² Area B area, ₦26,000/m² Premium Garden Estate gated estate, ₦25,000/m² Area old D area, ₦25,000/m² Area D area, ₦25,000/m² World Bank Housing Estate gated estate, ₦25,000/m² Gra Works gated area, ₦25,000/m² Area B area, ₦24,000/m² Area A World Bank area, ₦24,000/m² Imo Housing Estate gated estate, ₦24,000/m² Area L World Bank Housing Estate gated estate, ₦24,000/m² Area A area, ₦24,000/m² Area L area, ₦24,000/m² Rapour Estate gated estate, ₦24,000/m² Area H area, ₦23,000/m² Federal Housing Area gated estate, ₦23,000/m² Area M area, ₦23,000/m² Area M World Bank Housing Estate gated estate, ₦22,000/m² Federal Housing Estate Umuguma gated estate, ₦22,000/m² Area Xa area, ₦22,000/m² Area S area, ₦22,000/m² Area N World Bank Housing Estate gated estate, ₦22,000/m² Federal Housing Estate New Owerri gated estate, ₦22,000/m² Lower Extenstion Federal Housing Estate gated estate, ₦22,000/m² Federal Housing Egbeda gated estate, ₦22,000/m² Area Y area, ₦21,000/m² Graceland Estate gated estate, ₦20,000/m² Arugo Garden Estate gated estate, ₦20,000/m²

Questions people ask

How much is a plot of land in Owerri Municipal LGA, Imo?

A typical 600 m² residential plot in Owerri Municipal LGA, Imo is about ₦15.4m (around ₦25,700 per m²) in asking prices as of October 2026. Commercial land is about ₦25,700 per m². Source: Buildocrat Land Value Book, updated weekly.

How much is rent for a 3-bedroom flat in Owerri Municipal LGA, Imo?

About ₦1.3m a year for a 3-bedroom flat, ₦1.1m for a 2-bedroom flat and ₦584,000 for a 1-bedroom or mini flat (October 2026).

How much does a 4-bedroom house cost in Owerri Municipal LGA, Imo?

Asking prices for a 4-bedroom house in Owerri Municipal LGA, Imo are around ₦111m; a 3-bedroom flat around ₦83.2m (October 2026).