Land prices in Lagos State, October 2026
Residential land in Ikeja is about ₦293,000 per m² (a 600 m² plot about ₦175.8m); rural land across Lagos about ₦27,000 per m². Values for all 20 local government areas below, from 11,312 listings in the state and a spatial model. NIPOST postcodes in Lagos start LA.
Open Lagos on the satellite mapAsk us on WhatsAppIkeja: land, building and rental values
| Land: residential | ₦293,000 | per m² |
| Land: commercial | ₦387,000 | per m² |
| Land: industrial | ₦365,000 | per m² |
| Land: farmland | ₦73.3m | per hectare |
| Building: 2-bed flat | ₦108m | asking price |
| Building: 3-bed flat | ₦179m | asking price |
| Building: 4-bed house | ₦286m | asking price |
| Building: 5-bed house | ₦403m | asking price |
| Rent: 1-bed / mini flat | ₦1.7m | per year |
| Rent: 2-bed flat | ₦3.4m | per year |
| Rent: 3-bed flat | ₦5.3m | per year |
| Rent: 4-bed house | ₦14m | per year |
| Rent: shop or office | ₦36,000 | per m² per year |
Economic zones
| Zone | Places | Residential ₦/m² | Commercial ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|---|
| Prime | 104 | ₦1.2m | ₦1.6m | – | ₦18.6m |
| High-income | 286 | ₦489,000 | ₦572,000 | – | ₦6.5m |
| Middle-income | 461 | ₦195,000 | ₦310,000 | – | ₦4.7m |
| Lower-income | 776 | ₦47,300 | ₦113,000 | – | ₦2.2m |
| Small town | 24 | ₦31,500 | ₦47,800 | ₦75.6m | ₦2.5m |
| Village | 247 | ₦12,000 | ₦25,200 | ₦48.4m | ₦1.6m |
| Remote / farmland | 105 | ₦5,310 | ₦14,500 | ₦26.5m | ₦1.1m |
Every LGA in Lagos
| LGA | Setting | Land ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|
| Ikeja | Metro core | ₦679,000 | – | ₦7.5m |
| Lagos Mainland | Metro core | ₦508,000 | – | ₦7m |
| Eti Osa | Metro core | ₦504,000 | – | ₦9.8m |
| Apapa | Metro core | ₦412,000 | – | ₦9.2m |
| Surulere | Metro core | ₦404,000 | – | ₦5.5m |
| Ajeromi/Ifelodun | Metro core | ₦378,000 | – | ₦5.2m |
| Mushin | Metro core | ₦365,000 | – | ₦5.7m |
| Shomolu | Metro core | ₦365,000 | – | ₦5.9m |
| Kosofe | Metro core | ₦242,000 | – | ₦5m |
| Oshodi/Isolo | Metro core | ₦224,000 | – | ₦4.5m |
| Amuwo Odofin | Metro core | ₦178,000 | – | ₦3.1m |
| Agege | Metro core | ₦175,000 | – | ₦3.9m |
| Lagos Island | Metro core | ₦120,000 | – | ₦6.4m |
| Alimosho | Urban | ₦113,000 | ₦148m | ₦2.4m |
| Ifako/Ijaye | Urban | ₦105,000 | ₦141m | ₦3.1m |
| Ojo | Urban | ₦53,100 | ₦85.6m | ₦2.2m |
| Ikorodu | Urban | ₦35,400 | ₦73.3m | ₦2.2m |
| Ibeju Lekki | Urban | ₦30,100 | ₦57.7m | ₦2.3m |
| Badagry | Peri-urban | ₦12,600 | ₦47.5m | ₦1.6m |
| Epe | Peri-urban | ₦12,000 | ₦50.8m | ₦1.6m |
Most valuable towns, districts and estates
Questions people ask
How much is a plot of land in Ikeja, Lagos?
A typical 600 m² residential plot in Ikeja, Lagos is about ₦175.8m (around ₦293,000 per m²) in asking prices as of October 2026. Commercial land is about ₦387,000 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ikeja, Lagos?
About ₦5.3m a year for a 3-bedroom flat, ₦3.4m for a 2-bedroom flat and ₦1.7m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ikeja, Lagos?
Asking prices for a 4-bedroom house in Ikeja, Lagos are around ₦286m; a 3-bedroom flat around ₦179m (October 2026).
What is the price of farmland in Ikeja, Lagos?
Farmland in Ikeja, Lagos is about ₦73.3m per hectare (October 2026).