Land prices in Ibafo, Ogun
Ibafo is a town in Obafemi Owode LGA, Ogun, in the lower-income zone. Residential land is about ₦29,000 per m², so a typical 600 m² plot is about ₦17.4m.
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| Typical 600 m² plot | ₦17.4m | residential |
| Land: residential | ₦29,000 | per m² |
| Land: commercial | ₦29,000 | per m² |
| Land: industrial | ₦22,503 | per m² |
| Building: 2-bed flat | ₦49.2m | asking price |
| Building: 3-bed flat | ₦59.5m | asking price |
| Building: 4-bed house | ₦90.9m | asking price |
| Building: 5-bed house | ₦134m | asking price |
| Rent: 1-bed / mini flat | ₦566,420 | per year |
| Rent: 2-bed flat | ₦1.3m | per year |
| Rent: 3-bed flat | ₦2.1m | per year |
| Rent: 4-bed house | ₦4m | per year |
| Rent: shop or office | ₦65,588 | per m² per year |
Obafemi Owode LGA as a whole: ₦2,790 per m² median. Coordinates 6.73920, 3.42460.
Questions people ask
How much is a plot of land in Ibafo, Ogun?
A typical 600 m² residential plot in Ibafo, Ogun is about ₦17.4m (around ₦29,000 per m²) in asking prices as of October 2026. Commercial land is about ₦29,000 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ibafo, Ogun?
About ₦2.1m a year for a 3-bedroom flat, ₦1.3m for a 2-bedroom flat and ₦566,420 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ibafo, Ogun?
Asking prices for a 4-bedroom house in Ibafo, Ogun are around ₦90.9m; a 3-bedroom flat around ₦59.5m (October 2026).