Property Prices in Abuja, Nigeria

Index Info
Price to Income Ratio: 16.18
Mortgage as Percentage of Income: 368.40%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 4.71
Price to Rent Ratio - Outside of Centre: 3.22
Gross Rental Yield (City Centre): 21.23%
Gross Rental Yield (Outside of Centre): 31.09%

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Rent Per Month
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1 Bedroom Apartment in City Centre ₦793,127.87 270,000.00-3,000,000.00
1 Bedroom Apartment Outside of City Centre ₦465,000.00 85,000.00-1,500,000.00
3 Bedroom Apartment in City Centre ₦1,913,717.21 840,000.00-7,500,000.00
3 Bedroom Apartment Outside of City Centre ₦1,827,230.32 510,000.00-4,000,000.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre ₦940,000.00
Price per Square Meter to Buy Apartment Outside of Centre ₦500,000.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) ₦222,445.45
Annual Mortgage Interest Rate (20-Year Fixed, in %) 22.50

These data are based on 28 entries from 6 contributors over the past 18 months.
Last update: 17 October 2026

Sources and References
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1 Comments so far
Abuja resident on Apr 26, 2023:
The rent per month here is not correct. In the city centre, it is around 1 million naira per YEAR not per month