Land prices in Obanikoro, Lagos
Obanikoro is a district in Bariga, Shomolu LGA, Lagos, in the high-income zone. Residential land is about ₦480,000 per m², so a typical 600 m² plot is about ₦288m.
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| Typical 600 m² plot | ₦288m | residential |
| Land: residential | ₦480,000 | per m² |
| Land: commercial | ₦614,137 | per m² |
| Land: industrial | ₦632,316 | per m² |
| Building: 2-bed flat | ₦154.8m | asking price |
| Building: 3-bed flat | ₦204.6m | asking price |
| Building: 4-bed house | ₦347.7m | asking price |
| Building: 5-bed house | ₦599.6m | asking price |
| Rent: 1-bed / mini flat | ₦1.9m | per year |
| Rent: 2-bed flat | ₦4.4m | per year |
| Rent: 3-bed flat | ₦6.6m | per year |
| Rent: 4-bed house | ₦17.3m | per year |
| Rent: shop or office | ₦49,578 | per m² per year |
Shomolu LGA as a whole: ₦365,000 per m² median. Coordinates 6.54980, 3.36960.
Questions people ask
How much is a plot of land in Obanikoro, Lagos?
A typical 600 m² residential plot in Obanikoro, Lagos is about ₦288m (around ₦480,000 per m²) in asking prices as of October 2026. Commercial land is about ₦614,137 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Obanikoro, Lagos?
About ₦6.6m a year for a 3-bedroom flat, ₦4.4m for a 2-bedroom flat and ₦1.9m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Obanikoro, Lagos?
Asking prices for a 4-bedroom house in Obanikoro, Lagos are around ₦347.7m; a 3-bedroom flat around ₦204.6m (October 2026).