Buildocrat Land Value Book

Land prices in Ikeja LGA, Lagos

Ikeja is a metro core local government area of Lagos (41 km², 54 mapped places). Residential land has a median of ₦679,000 per m² (a 600 m² plot about ₦407.4m), from about ₦103,000 per m² in its villages to ₦1.2m in its most valuable neighbourhoods. Backed by 354 listings in or near the LGA.

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Land, building and rental values

Typical 600 m² plot₦407.4mresidential
Land: residential₦679,000per m²
Land: commercial₦754,000per m²
Land: industrial₦710,000per m²
Building: 2-bed flat₦146masking price
Building: 3-bed flat₦248masking price
Building: 4-bed house₦402masking price
Building: 5-bed house₦620masking price
Rent: 1-bed / mini flat₦2.4mper year
Rent: 2-bed flat₦4.8mper year
Rent: 3-bed flat₦7.5mper year
Rent: 4-bed house₦19.2mper year
Rent: shop or office₦51,000per m² per year

Economic zones

ZonePlacesResidential ₦/m²Commercial ₦/m²Farmland ₦/haRent 3-bed
Prime30₦920,000₦947,000–₦8.3m
High-income17₦584,000₦650,000–₦6.9m
Middle-income23₦235,000₦317,000–₦4.7m
Lower-income4₦98,000₦157,000–₦3.3m

Urban parts of the LGA average ₦679,000 per m²; villages and rural land ₦323,000 per m².

Towns, districts and estates in Ikeja

Ikeja city, ₦910,000/m²Ikeja Gra gated area, ₦2.1m/m²Opebi district, ₦1.1m/m²Akora Villa gated estate, ₦920,000/m²Agidingbi district, ₦920,000/m²Omole district, ₦920,000/m²Akora Villas gated estate, ₦830,000/m²Lagos Secretariat Staff Quarters gated area, ₦820,000/m²Cornerstone Construction Estate gated estate, ₦810,000/m²Wemabod Estate gated estate, ₦710,000/m²MKO Abiola Gardens gated estate, ₦680,000/m²Oregun Industrial Estate gated estate, ₦630,000/m²Julie Estate gated estate, ₦590,000/m²Oregun district, ₦590,000/m²Alfred Garden Estate gated estate, ₦530,000/m²Oba Akran district, ₦530,000/m²Ayhomes Luxury Villa gated estate, ₦510,000/m²Nigerian Army Cantonment Ikeja gated area, ₦460,000/m²Oshosun district, ₦440,000/m²Aguda district, ₦430,000/m²Ikeja G.R.A gated area, ₦390,000/m²Gra gated area, ₦350,000/m²Ramat Estate gated estate, ₦350,000/m²Maryland district, ₦350,000/m²Ogba district, ₦320,000/m²River Valley Estate gated estate, ₦240,000/m²Aduba Estate gated estate, ₦240,000/m²Adeoni Estate gated estate, ₦240,000/m²Ojodu Berger district, ₦230,000/m²Dopemu district, ₦180,000/m²Morgan Estate gated estate, ₦120,000/m²Unity Estate Ojodu gated estate, ₦110,000/m²

Questions people ask

How much is a plot of land in Ikeja LGA, Lagos?

A typical 600 m² residential plot in Ikeja LGA, Lagos is about ₦407.4m (around ₦679,000 per m²) in asking prices as of October 2026. Commercial land is about ₦754,000 per m². Source: Buildocrat Land Value Book, updated weekly.

How much is rent for a 3-bedroom flat in Ikeja LGA, Lagos?

About ₦7.5m a year for a 3-bedroom flat, ₦4.8m for a 2-bedroom flat and ₦2.4m for a 1-bedroom or mini flat (October 2026).

How much does a 4-bedroom house cost in Ikeja LGA, Lagos?

Asking prices for a 4-bedroom house in Ikeja LGA, Lagos are around ₦402m; a 3-bedroom flat around ₦248m (October 2026).

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