Buildocrat Land Value Book

Land prices in Ondo State, October 2026

Residential land in Akure is about ₦24,000 per m² (a 600 m² plot about ₦14.4m); rural land across Ondo about ₦2,950 per m². Values for all 18 local government areas below, from 312 listings in the state and a spatial model. NIPOST postcodes in Ondo start ON.

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Akure: land, building and rental values

Land: residential₦24,000per m²
Land: commercial₦53,300per m²
Land: industrial₦31,800per m²
Land: farmland₦12.2mper hectare
Building: 2-bed flat₦41.1masking price
Building: 3-bed flat₦49.3masking price
Building: 4-bed house₦63.2masking price
Building: 5-bed house₦97.3masking price
Rent: 1-bed / mini flat₦597,000per year
Rent: 2-bed flat₦975,000per year
Rent: 3-bed flat₦1.9mper year
Rent: 4-bed house₦4.4mper year
Rent: shop or office₦6,620per m² per year

Economic zones

ZonePlacesResidential ₦/m²Commercial ₦/m²Farmland ₦/haRent 3-bed
Middle-income19₦3,550₦10,700–₦872,000
Lower-income109₦4,970₦15,300–₦999,000
Small town47₦5,480₦15,100₦17.1m₦1m
Village1,740₦3,290₦10,100₦13m₦846,000
Remote / farmland1,071₦2,690₦8,580₦11.6m₦779,000

Every LGA in Ondo

LGASettingLand ₦/m²Farmland ₦/haRent 3-bed
IlajePeri-urban₦3,290₦12.2m₦846,000
OkitipupaPeri-urban₦3,290₦12m₦846,000
Ondo EastRural₦3,290₦13m₦846,000
Ile Oluji/OkeigboPeri-urban₦3,290₦13m₦846,000
Ondo WestRural₦3,290₦13m₦846,000
Akure SouthRural₦3,290₦13m₦844,000
IdanreRural₦3,290₦13m₦846,000
IfedoreUrban₦3,290₦13m₦846,000
IrelePeri-urban₦3,290₦11.8m₦846,000
Ese OdoPeri-urban₦3,240₦12.2m₦841,000
OdigboRural₦3,120₦12.6m₦828,000
Akure NorthRural₦3,090₦12.5m₦824,000
OwoPeri-urban₦2,780₦11.5m₦790,000
Akoko North WestPeri-urban₦2,480₦10.5m₦754,000
Akoko South WestRural₦2,230₦10.3m₦721,000
OseRural₦1,830₦9m₦665,000
Akoko North EastRural₦1,800₦8.8m₦661,000
Akoko South EastRural₦1,690₦8.5m₦645,000

Most valuable towns, districts and estates

Akure ₦24,000/m²Parliament Estate ₦24,000/m²Ijapo Estate ₦24,000/m²Owo ₦7,400/m²Oka-Akoko ₦6,900/m²Ondo ₦6,600/m²Awoye ₦5,500/m²Aiyetoro ₦5,500/m²Ugbo ₦5,500/m²Abereke ₦5,500/m²Igbokoda ₦5,500/m²Okitipupa ₦5,500/m²Bolorunduro ₦5,500/m²Okeigbo ₦5,500/m²Bishops Court ₦5,500/m²Ile Oluji ₦5,500/m²Palmgroove Estate ₦5,500/m²Ìdànrè ₦5,500/m²Igbara Oke ₦5,500/m²Irele ₦5,500/m²Igbekebo ₦5,500/m²Ajagba ₦5,500/m²Ore ₦5,500/m²Ita-Ogbolu ₦5,500/m²Arogbo Town ₦5,000/m²Oba ₦5,000/m²Ifon ₦4,800/m²Akugba ₦4,700/m²Oke Agbe ₦4,500/m²Ikare ₦4,400/m²

Questions people ask

How much is a plot of land in Akure, Ondo?

A typical 600 m² residential plot in Akure, Ondo is about ₦14.4m (around ₦24,000 per m²) in asking prices as of October 2026. Commercial land is about ₦53,300 per m². Source: Buildocrat Land Value Book, updated weekly.

How much is rent for a 3-bedroom flat in Akure, Ondo?

About ₦1.9m a year for a 3-bedroom flat, ₦975,000 for a 2-bedroom flat and ₦597,000 for a 1-bedroom or mini flat (October 2026).

How much does a 4-bedroom house cost in Akure, Ondo?

Asking prices for a 4-bedroom house in Akure, Ondo are around ₦63.2m; a 3-bedroom flat around ₦49.3m (October 2026).

What is the price of farmland in Akure, Ondo?

Farmland in Akure, Ondo is about ₦12.2m per hectare (October 2026).

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