Land prices in Ikotun, Lagos
Ikotun is a town in Alimosho LGA, Lagos, in the middle-income zone. Residential land is about ₦130,000 per m², so a typical 600 m² plot is about ₦78m.
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| Typical 600 m² plot | ₦78m | residential |
| Land: residential | ₦130,000 | per m² |
| Land: commercial | ₦164,513 | per m² |
| Land: industrial | ₦175,389 | per m² |
| Building: 2-bed flat | ₦86.3m | asking price |
| Building: 3-bed flat | ₦101.4m | asking price |
| Building: 4-bed house | ₦166.2m | asking price |
| Building: 5-bed house | ₦233.2m | asking price |
| Rent: 1-bed / mini flat | ₦838,058 | per year |
| Rent: 2-bed flat | ₦2m | per year |
| Rent: 3-bed flat | ₦2.6m | per year |
| Rent: 4-bed house | ₦8.1m | per year |
| Rent: shop or office | ₦14,496 | per m² per year |
Alimosho LGA as a whole: ₦113,000 per m² median. Coordinates 6.56260, 3.25540.
Questions people ask
How much is a plot of land in Ikotun, Lagos?
A typical 600 m² residential plot in Ikotun, Lagos is about ₦78m (around ₦130,000 per m²) in asking prices as of October 2026. Commercial land is about ₦164,513 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ikotun, Lagos?
About ₦2.6m a year for a 3-bedroom flat, ₦2m for a 2-bedroom flat and ₦838,058 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ikotun, Lagos?
Asking prices for a 4-bedroom house in Ikotun, Lagos are around ₦166.2m; a 3-bedroom flat around ₦101.4m (October 2026).