Land prices in Area B, Imo
Area B is a area in Naze, Owerri Municipal LGA, Imo, in the high-income zone. Residential land is about ₦24,000 per m², so a typical 600 m² plot is about ₦14.4m.
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| Typical 600 m² plot | ₦14.4m | residential |
| Land: residential | ₦24,000 | per m² |
| Land: commercial | ₦24,000 | per m² |
| Land: industrial | ₦48,996 | per m² |
| Building: 2-bed flat | ₦70.5m | asking price |
| Building: 3-bed flat | ₦81.1m | asking price |
| Building: 4-bed house | ₦107.9m | asking price |
| Building: 5-bed house | ₦130.3m | asking price |
| Rent: 1-bed / mini flat | ₦568,450 | per year |
| Rent: 2-bed flat | ₦1m | per year |
| Rent: 3-bed flat | ₦1.2m | per year |
| Rent: 4-bed house | ₦5.7m | per year |
| Rent: shop or office | ₦8,237 | per m² per year |
Owerri Municipal LGA as a whole: ₦25,700 per m² median. Coordinates 5.46520, 7.01490.
Questions people ask
How much is a plot of land in Area B, Imo?
A typical 600 m² residential plot in Area B, Imo is about ₦14.4m (around ₦24,000 per m²) in asking prices as of October 2026. Commercial land is about ₦24,000 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Area B, Imo?
About ₦1.2m a year for a 3-bedroom flat, ₦1m for a 2-bedroom flat and ₦568,450 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Area B, Imo?
Asking prices for a 4-bedroom house in Area B, Imo are around ₦107.9m; a 3-bedroom flat around ₦81.1m (October 2026).