Land prices in Ifako/Ijaye LGA, Lagos
Ifako/Ijaye is a urban local government area of Lagos (32 km², 32 mapped places). Residential land has a median of ₦105,000 per m² (a 600 m² plot about ₦63m), from about ₦90,600 per m² in its villages to ₦250,000 in its most valuable neighbourhoods. Backed by 250 listings in or near the LGA.
See Ifako/Ijaye on the satellite map, with postcodesAsk us on WhatsAppLand, building and rental values
| Typical 600 m² plot | ₦63m | residential |
| Land: residential | ₦105,000 | per m² |
| Land: commercial | ₦157,000 | per m² |
| Land: industrial | ₦142,000 | per m² |
| Land: farmland | ₦141m | per hectare |
| Building: 2-bed flat | ₦79.6m | asking price |
| Building: 3-bed flat | ₦103m | asking price |
| Building: 4-bed house | ₦191m | asking price |
| Building: 5-bed house | ₦238m | asking price |
| Rent: 1-bed / mini flat | ₦1m | per year |
| Rent: 2-bed flat | ₦2.3m | per year |
| Rent: 3-bed flat | ₦3.1m | per year |
| Rent: 4-bed house | ₦8.9m | per year |
| Rent: shop or office | ₦19,300 | per m² per year |
Economic zones
| Zone | Places | Residential ₦/m² | Commercial ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|---|
| Middle-income | 17 | ₦156,000 | ₦219,000 | – | ₦3.8m |
| Lower-income | 17 | ₦95,000 | ₦151,000 | – | ₦3.1m |
Urban parts of the LGA average ₦106,000 per m²; villages and rural land ₦102,000 per m².
Towns, districts and estates in Ifako/Ijaye
Questions people ask
How much is a plot of land in Ifako/Ijaye LGA, Lagos?
A typical 600 m² residential plot in Ifako/Ijaye LGA, Lagos is about ₦63m (around ₦105,000 per m²) in asking prices as of October 2026. Commercial land is about ₦157,000 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ifako/Ijaye LGA, Lagos?
About ₦3.1m a year for a 3-bedroom flat, ₦2.3m for a 2-bedroom flat and ₦1m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ifako/Ijaye LGA, Lagos?
Asking prices for a 4-bedroom house in Ifako/Ijaye LGA, Lagos are around ₦191m; a 3-bedroom flat around ₦103m (October 2026).
What is the price of farmland in Ifako/Ijaye LGA, Lagos?
Farmland in Ifako/Ijaye LGA, Lagos is about ₦141m per hectare (October 2026).