Land prices in Area Y, Imo
Area Y is a area in Umuguma, Owerri Municipal LGA, Imo, in the middle-income zone. Residential land is about ₦21,000 per m², so a typical 600 m² plot is about ₦12.6m.
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| Typical 600 m² plot | ₦12.6m | residential |
| Land: residential | ₦21,000 | per m² |
| Land: commercial | ₦21,000 | per m² |
| Land: industrial | ₦44,623 | per m² |
| Building: 2-bed flat | ₦67.1m | asking price |
| Building: 3-bed flat | ₦77.2m | asking price |
| Building: 4-bed house | ₦102.2m | asking price |
| Building: 5-bed house | ₦121.7m | asking price |
| Rent: 1-bed / mini flat | ₦539,292 | per year |
| Rent: 2-bed flat | ₦976,106 | per year |
| Rent: 3-bed flat | ₦1.2m | per year |
| Rent: 4-bed house | ₦5.4m | per year |
| Rent: shop or office | ₦7,207 | per m² per year |
Owerri Municipal LGA as a whole: ₦25,700 per m² median. Coordinates 5.47970, 6.99200.
Questions people ask
How much is a plot of land in Area Y, Imo?
A typical 600 m² residential plot in Area Y, Imo is about ₦12.6m (around ₦21,000 per m²) in asking prices as of October 2026. Commercial land is about ₦21,000 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Area Y, Imo?
About ₦1.2m a year for a 3-bedroom flat, ₦976,106 for a 2-bedroom flat and ₦539,292 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Area Y, Imo?
Asking prices for a 4-bedroom house in Area Y, Imo are around ₦102.2m; a 3-bedroom flat around ₦77.2m (October 2026).