Buildocrat Land Value Book

Land prices in Oyo State, October 2026

Residential land in Ibadan is about ₦98,600 per m² (a 600 m² plot about ₦59.2m); rural land across Oyo about ₦1,330 per m². Values for all 33 local government areas below, from 2,645 listings in the state and a spatial model. NIPOST postcodes in Oyo start OY.

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Ibadan: land, building and rental values

Land: residential₦98,600per m²
Land: commercial₦117,000per m²
Land: industrial₦87,200per m²
Land: farmland₦8.5mper hectare
Building: 2-bed flat₦73.7masking price
Building: 3-bed flat₦84.4masking price
Building: 4-bed house₦174masking price
Building: 5-bed house₦196masking price
Rent: 1-bed / mini flat₦1.1mper year
Rent: 2-bed flat₦2.4mper year
Rent: 3-bed flat₦3.7mper year
Rent: 4-bed house₦7.4mper year
Rent: shop or office₦10,200per m² per year

Economic zones

ZonePlacesResidential ₦/m²Commercial ₦/m²Farmland ₦/haRent 3-bed
Prime15₦224,000₦245,000–₦5.2m
High-income283₦129,000₦144,000–₦4.1m
Middle-income586₦73,800₦74,100–₦2.8m
Lower-income742₦31,200₦49,200–₦2m
Small town456₦4,720₦4,780₦18.4m₦929,000
Village2,811₦1,940₦3,900₦9.7m₦646,000
Remote / farmland6,669₦1,000₦2,320₦5m₦493,000

Every LGA in Oyo

LGASettingLand ₦/m²Farmland ₦/haRent 3-bed
Ibadan NorthMetro core₦136,000–₦4.3m
Ibadan North EastMetro core₦121,000–₦4m
Ibadan South EastMetro core₦93,300–₦3.4m
Ona AraUrban₦84,800₦30m₦3m
Ibadan South WestMetro core₦73,400–₦3.2m
EgbedaUrban₦54,800₦50.4m₦1.9m
Ibadan North WestMetro core₦36,000–₦2.4m
OluyoleUrban₦32,800₦26.4m₦2m
LageluUrban₦18,300₦31.9m₦1.9m
Oyo EastUrban₦10,700₦11.6m₦1.3m
Oyo WestUrban₦10,300₦10.6m₦1.3m
IdoUrban₦7,290₦14.2m₦1.4m
Ogbomosho SouthMetro core₦7,210–₦1.1m
Ibarapa CentralUrban₦6,890₦14m₦1.1m
AkinyeleUrban₦6,700₦15.5m₦1.1m
Ogbomosho NorthUrban₦6,460₦10.6m₦1.1m
AfijioPeri-urban₦4,530₦14.7m₦913,000
KajolaUrban₦4,300₦8m₦894,000
Ibarapa EastRural₦3,020₦14.9m₦774,000
IseyinUrban₦2,870₦9m₦758,000
OrelopeUrban₦1,910₦3.8m₦642,000
ItesiwajuPeri-urban₦1,870₦5.8m₦636,000
IrepoUrban₦1,860₦4.3m₦635,000
Ibarapa NorthRural₦1,720₦8.5m₦615,000
Ogo OluwaRural₦1,710₦8.5m₦613,000
Saki WestUrban₦1,580₦3.6m₦594,000
AtibaPeri-urban₦1,520₦6.8m₦585,000
IwajowaPeri-urban₦1,430₦6.1m₦570,000
SurulereRural₦1,320₦6.5m₦551,000
Saki EastUrban₦1,230₦4m₦536,000
OlorunsogoUrban₦1,130₦3.7m₦517,000
Ori IreRural₦962₦4.8m₦484,000
AtisboPeri-urban₦906₦4.4m₦473,000

Most valuable towns, districts and estates

Housing ₦220,000/m²Salami Estate ₦190,000/m²Ikolaba Estate ₦180,000/m²Agodi Gra ₦160,000/m²Carlton Gate Estate ₦160,000/m²PHDL Estate ₦160,000/m²Oke'badan Estate ₦160,000/m²Total Garden ₦150,000/m²Barracks ₦150,000/m²Akobo Estate ₦150,000/m²Jesus Estate ₦140,000/m²Olubadan Industrial Estate ₦130,000/m²Ore Ofe Estate Elewi Odo ₦130,000/m²Bishop Court ₦130,000/m²Okebadan Estate ₦120,000/m²Ìbàdàn ₦110,000/m²Iyaganku Gra ₦110,000/m²Oluwole Estate ₦110,000/m²Oke Ibadan Estate ₦110,000/m²Marvellous Estate ₦99,000/m²Alafia Estate ₦97,000/m²Alafia Estate ₦94,000/m²Railway Quarters ₦91,000/m²Progressive Estate ₦85,000/m²Odogbo Barracks Ojoo Olorunda Area ₦81,000/m²Ogo Oluwa Estate ₦79,000/m²Peace Estate Elewuro ₦75,000/m²Balogun Estate ₦65,000/m²Oluyole Industrial Estate ₦64,000/m²Ajumose Gra ₦64,000/m²

Questions people ask

How much is a plot of land in Ibadan, Oyo?

A typical 600 m² residential plot in Ibadan, Oyo is about ₦59.2m (around ₦98,600 per m²) in asking prices as of October 2026. Commercial land is about ₦117,000 per m². Source: Buildocrat Land Value Book, updated weekly.

How much is rent for a 3-bedroom flat in Ibadan, Oyo?

About ₦3.7m a year for a 3-bedroom flat, ₦2.4m for a 2-bedroom flat and ₦1.1m for a 1-bedroom or mini flat (October 2026).

How much does a 4-bedroom house cost in Ibadan, Oyo?

Asking prices for a 4-bedroom house in Ibadan, Oyo are around ₦174m; a 3-bedroom flat around ₦84.4m (October 2026).

What is the price of farmland in Ibadan, Oyo?

Farmland in Ibadan, Oyo is about ₦8.5m per hectare (October 2026).

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