Property Prices in Ibadan, Nigeria

Index Info
Price to Income Ratio: 39.20
Mortgage as Percentage of Income: 762.41%
Loan Affordability Index: 0.13
Price to Rent Ratio - City Centre: 18.55
Price to Rent Ratio - Outside of Centre: 0.72
Gross Rental Yield (City Centre): 5.39%
Gross Rental Yield (Outside of Centre): 139.02%

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Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre ₦226,666.67 80,000.00-350,000.00
1 Bedroom Apartment Outside of City Centre ₦190,666.67 50,000.00-450,000.00
3 Bedroom Apartment in City Centre ₦650,000.00 600,000.00-700,000.00
3 Bedroom Apartment Outside of City Centre ₦600,000.00 400,000.00-1,000,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre ₦107,970.17 79,857.49-136,082.86
Price per Square Feet to Buy Apartment Outside of Centre ₦3,716.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) ₦76,666.67
Annual Mortgage Interest Rate (20-Year Fixed, in %) 19.00 18.00-20.00

These data are based on 19 entries from 3 contributors over the past 18 months.
Last update: 5 April 2026

Sources and References
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