Land prices in Lagos Island LGA, Lagos
Lagos Island is a metro core local government area of Lagos (5 km², 35 mapped places). Residential land has a median of ₦120,000 per m² (a 600 m² plot about ₦72m), from about ₦69,600 per m² in its villages to ₦883,000 in its most valuable neighbourhoods. Backed by 132 listings in or near the LGA.
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| Typical 600 m² plot | ₦72m | residential |
| Land: residential | ₦120,000 | per m² |
| Land: commercial | ₦202,000 | per m² |
| Land: industrial | ₦169,000 | per m² |
| Building: 2-bed flat | ₦113m | asking price |
| Building: 3-bed flat | ₦166m | asking price |
| Building: 4-bed house | ₦259m | asking price |
| Building: 5-bed house | ₦657m | asking price |
| Rent: 1-bed / mini flat | ₦2m | per year |
| Rent: 2-bed flat | ₦4.5m | per year |
| Rent: 3-bed flat | ₦6.4m | per year |
| Rent: 4-bed house | ₦12.3m | per year |
| Rent: shop or office | ₦40,800 | per m² per year |
Economic zones
| Zone | Places | Residential ₦/m² | Commercial ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|---|
| Prime | 3 | ₦922,000 | ₦1.1m | – | ₦16.9m |
| High-income | 4 | ₦541,000 | ₦707,000 | – | ₦12.8m |
| Middle-income | 13 | ₦162,000 | ₦262,000 | – | ₦6.8m |
| Lower-income | 15 | ₦81,900 | ₦146,000 | – | ₦5m |
Urban parts of the LGA average ₦120,000 per m²; villages and rural land ₦83,600 per m².
Towns, districts and estates in Lagos Island
Questions people ask
How much is a plot of land in Lagos Island LGA, Lagos?
A typical 600 m² residential plot in Lagos Island LGA, Lagos is about ₦72m (around ₦120,000 per m²) in asking prices as of October 2026. Commercial land is about ₦202,000 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Lagos Island LGA, Lagos?
About ₦6.4m a year for a 3-bedroom flat, ₦4.5m for a 2-bedroom flat and ₦2m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Lagos Island LGA, Lagos?
Asking prices for a 4-bedroom house in Lagos Island LGA, Lagos are around ₦259m; a 3-bedroom flat around ₦166m (October 2026).