Property Prices in Nigeria

Index Info
Price to Income Ratio: 24.68
Mortgage as Percentage of Income: 466.67%
Loan Affordability Index: 0.21
Price to Rent Ratio - City Centre: 4.93
Price to Rent Ratio - Outside of Centre: 4.12
Gross Rental Yield (City Centre): 20.30%
Gross Rental Yield (Outside of Centre): 24.29%
Rent Per Month
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Apartment (1 bedroom) in City Centre 864.39 $ 285.16-1,953.33
Apartment (1 bedroom) Outside of Centre 547.64 $ 176.35-1,085.19
Apartment (3 bedrooms) in City Centre 2,005.60 $ 602.21-5,739.64
Apartment (3 bedrooms) Outside of Centre 1,217.93 $ 390.55-3,253.91
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 97.56 $ 53.87-134.21
Price per Square Feet to Buy Apartment Outside of Centre 50.55 $ 12.78-104.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 161.46 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.42 10.00-22.50

These data are based on 314 entries in the past 18 months from 63 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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