Land prices in Ipaja, Lagos
Ipaja is a district in Ikeja, Alimosho LGA, Lagos, in the middle-income zone. Residential land is about ₦100,000 per m², so a typical 600 m² plot is about ₦60m.
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| Typical 600 m² plot | ₦60m | residential |
| Land: residential | ₦100,000 | per m² |
| Land: commercial | ₦126,549 | per m² |
| Land: industrial | ₦145,963 | per m² |
| Building: 2-bed flat | ₦78.4m | asking price |
| Building: 3-bed flat | ₦91.6m | asking price |
| Building: 4-bed house | ₦149.4m | asking price |
| Building: 5-bed house | ₦203.8m | asking price |
| Rent: 1-bed / mini flat | ₦755,688 | per year |
| Rent: 2-bed flat | ₦1.8m | per year |
| Rent: 3-bed flat | ₦2.3m | per year |
| Rent: 4-bed house | ₦7.4m | per year |
| Rent: shop or office | ₦11,150 | per m² per year |
Alimosho LGA as a whole: ₦113,000 per m² median. Coordinates 6.61340, 3.25580.
Questions people ask
How much is a plot of land in Ipaja, Lagos?
A typical 600 m² residential plot in Ipaja, Lagos is about ₦60m (around ₦100,000 per m²) in asking prices as of October 2026. Commercial land is about ₦126,549 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ipaja, Lagos?
About ₦2.3m a year for a 3-bedroom flat, ₦1.8m for a 2-bedroom flat and ₦755,688 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ipaja, Lagos?
Asking prices for a 4-bedroom house in Ipaja, Lagos are around ₦149.4m; a 3-bedroom flat around ₦91.6m (October 2026).