Buildocrat Land Value Book

Land prices in Obafemi Owode LGA, Ogun

Obafemi Owode is a urban local government area of Ogun (1,622 km², 1,181 mapped places). Residential land has a median of ₦2,790 per m² (a 600 m² plot about ₦1.7m), from about ₦2,590 per m² in its villages to ₦26,600 in its most valuable neighbourhoods. Backed by 266 listings in or near the LGA.

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Land, building and rental values

Typical 600 m² plot₦1.7mresidential
Land: residential₦2,790per m²
Land: commercial₦2,790per m²
Land: industrial₦4,370per m²
Land: farmland₦2.8mper hectare
Building: 2-bed flat₦20.8masking price
Building: 3-bed flat₦24masking price
Building: 4-bed house₦35masking price
Building: 5-bed house₦40.3masking price
Rent: 1-bed / mini flat₦225,000per year
Rent: 2-bed flat₦507,000per year
Rent: 3-bed flat₦816,000per year
Rent: 4-bed house₦1.6mper year
Rent: shop or office₦6,310per m² per year

Economic zones

ZonePlacesResidential ₦/m²Commercial ₦/m²Farmland ₦/haRent 3-bed
High-income48₦25,100₦31,600–₦2.8m
Middle-income53₦17,100₦20,300–₦1.9m
Lower-income119₦18,300₦18,900–₦1.4m
Small town21₦9,390₦10,300₦14.3m₦990,000
Village328₦2,610₦3,440₦6.9m₦744,000
Remote / farmland627₦2,590₦3,390₦5.9m₦739,000

Urban parts of the LGA average ₦16,300 per m²; villages and rural land ₦2,600 per m².

Towns, districts and estates in Obafemi Owode

Ibafo town, ₦29,000/m²Mowe town, ₦7,600/m²Forthright Estate gated estate, ₦66,000/m²Peace Estate Magboro gated estate, ₦40,000/m²Island Estate gated estate, ₦38,000/m²Power Line Estate gated estate, ₦37,000/m²Kemta Housing Estate gated estate, ₦34,000/m²Victory Estate gated estate, ₦32,000/m²Baptist Estate gated estate, ₦31,000/m²Adigbe Gra gated area, ₦16,000/m²Treasure Island Estate gated estate, ₦15,000/m²Ire Gardens gated estate, ₦15,000/m²Olainukan Estate Pakuro Okeipa gated estate, ₦7,700/m²Peace Estate gated estate, ₦5,700/m²Association Estate gated estate, ₦3,000/m²Block M Fiiro Estate gated estate, ₦3,000/m²Peace Estate Omu Ajibode gated estate, ₦2,800/m²

Questions people ask

How much is a plot of land in Obafemi Owode LGA, Ogun?

A typical 600 m² residential plot in Obafemi Owode LGA, Ogun is about ₦1.7m (around ₦2,790 per m²) in asking prices as of October 2026. Commercial land is about ₦2,790 per m². Source: Buildocrat Land Value Book, updated weekly.

How much is rent for a 3-bedroom flat in Obafemi Owode LGA, Ogun?

About ₦816,000 a year for a 3-bedroom flat, ₦507,000 for a 2-bedroom flat and ₦225,000 for a 1-bedroom or mini flat (October 2026).

How much does a 4-bedroom house cost in Obafemi Owode LGA, Ogun?

Asking prices for a 4-bedroom house in Obafemi Owode LGA, Ogun are around ₦35m; a 3-bedroom flat around ₦24m (October 2026).

What is the price of farmland in Obafemi Owode LGA, Ogun?

Farmland in Obafemi Owode LGA, Ogun is about ₦2.8m per hectare (October 2026).

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