Land prices in Makoko, Lagos
Makoko is a district in Surulere, Lagos Mainland LGA, Lagos, in the high-income zone. Residential land is about ₦570,000 per m², so a typical 600 m² plot is about ₦342m.
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| Typical 600 m² plot | ₦342m | residential |
| Land: residential | ₦570,000 | per m² |
| Land: commercial | ₦674,350 | per m² |
| Land: industrial | ₦672,047 | per m² |
| Building: 2-bed flat | ₦170.1m | asking price |
| Building: 3-bed flat | ₦215.4m | asking price |
| Building: 4-bed house | ₦374.2m | asking price |
| Building: 5-bed house | ₦1.06bn | asking price |
| Rent: 1-bed / mini flat | ₦2.3m | per year |
| Rent: 2-bed flat | ₦5m | per year |
| Rent: 3-bed flat | ₦7.4m | per year |
| Rent: 4-bed house | ₦17.9m | per year |
| Rent: shop or office | ₦59,581 | per m² per year |
Lagos Mainland LGA as a whole: ₦508,000 per m² median. Coordinates 6.49630, 3.38680.
Questions people ask
How much is a plot of land in Makoko, Lagos?
A typical 600 m² residential plot in Makoko, Lagos is about ₦342m (around ₦570,000 per m²) in asking prices as of October 2026. Commercial land is about ₦674,350 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Makoko, Lagos?
About ₦7.4m a year for a 3-bedroom flat, ₦5m for a 2-bedroom flat and ₦2.3m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Makoko, Lagos?
Asking prices for a 4-bedroom house in Makoko, Lagos are around ₦374.2m; a 3-bedroom flat around ₦215.4m (October 2026).