Land prices in Shomolu LGA, Lagos
Shomolu is a metro core local government area of Lagos (10 km², 26 mapped places). Residential land has a median of ₦365,000 per m² (a 600 m² plot about ₦219m), from about ₦273,000 per m² in its villages to ₦475,000 in its most valuable neighbourhoods. Backed by 224 listings in or near the LGA.
See Shomolu on the satellite map, with postcodesAsk us on WhatsAppLand, building and rental values
| Typical 600 m² plot | ₦219m | residential |
| Land: residential | ₦365,000 | per m² |
| Land: commercial | ₦467,000 | per m² |
| Land: industrial | ₦522,000 | per m² |
| Building: 2-bed flat | ₦140m | asking price |
| Building: 3-bed flat | ₦184m | asking price |
| Building: 4-bed house | ₦311m | asking price |
| Building: 5-bed house | ₦521m | asking price |
| Rent: 1-bed / mini flat | ₦1.8m | per year |
| Rent: 2-bed flat | ₦3.9m | per year |
| Rent: 3-bed flat | ₦5.9m | per year |
| Rent: 4-bed house | ₦15.6m | per year |
| Rent: shop or office | ₦37,700 | per m² per year |
Economic zones
| Zone | Places | Residential ₦/m² | Commercial ₦/m² | Farmland ₦/ha | Rent 3-bed |
|---|---|---|---|---|---|
| High-income | 15 | ₦392,000 | ₦495,000 | – | ₦6m |
| Middle-income | 12 | ₦323,000 | ₦423,000 | – | ₦5.7m |
Urban parts of the LGA average ₦367,000 per m²; villages and rural land ₦327,000 per m².
Towns, districts and estates in Shomolu
Questions people ask
How much is a plot of land in Shomolu LGA, Lagos?
A typical 600 m² residential plot in Shomolu LGA, Lagos is about ₦219m (around ₦365,000 per m²) in asking prices as of October 2026. Commercial land is about ₦467,000 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Shomolu LGA, Lagos?
About ₦5.9m a year for a 3-bedroom flat, ₦3.9m for a 2-bedroom flat and ₦1.8m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Shomolu LGA, Lagos?
Asking prices for a 4-bedroom house in Shomolu LGA, Lagos are around ₦311m; a 3-bedroom flat around ₦184m (October 2026).