Land prices in Ifako, Lagos
Ifako is a district in Gbagada, Kosofe LGA, Lagos, in the middle-income zone. Residential land is about ₦260,000 per m², so a typical 600 m² plot is about ₦156m.
See Ifako on the satellite map, with postcodesAsk us on WhatsAppLand, building and rental values
| Typical 600 m² plot | ₦156m | residential |
| Land: residential | ₦260,000 | per m² |
| Land: commercial | ₦357,769 | per m² |
| Land: industrial | ₦339,636 | per m² |
| Building: 2-bed flat | ₦107.8m | asking price |
| Building: 3-bed flat | ₦171.7m | asking price |
| Building: 4-bed house | ₦285.2m | asking price |
| Building: 5-bed house | ₦387m | asking price |
| Rent: 1-bed / mini flat | ₦1.7m | per year |
| Rent: 2-bed flat | ₦3.4m | per year |
| Rent: 3-bed flat | ₦5.2m | per year |
| Rent: 4-bed house | ₦13.6m | per year |
| Rent: shop or office | ₦34,380 | per m² per year |
Kosofe LGA as a whole: ₦242,000 per m² median. Coordinates 6.55910, 3.39610.
Questions people ask
How much is a plot of land in Ifako, Lagos?
A typical 600 m² residential plot in Ifako, Lagos is about ₦156m (around ₦260,000 per m²) in asking prices as of October 2026. Commercial land is about ₦357,769 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ifako, Lagos?
About ₦5.2m 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 Ifako, Lagos?
Asking prices for a 4-bedroom house in Ifako, Lagos are around ₦285.2m; a 3-bedroom flat around ₦171.7m (October 2026).