Property Prices in Ibadan, Nigeria

Index Info
Price to Income Ratio: 29.33
Mortgage as Percentage of Income: 570.50%
Loan Affordability Index: 0.18
Price to Rent Ratio - City Centre: 13.72
Price to Rent Ratio - Outside of Centre: 0.72
Gross Rental Yield (City Centre): 7.29%
Gross Rental Yield (Outside of Centre): 139.02%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 226,666.67 ₦ 80,000.00-350,000.00
Apartment (1 bedroom) Outside of Centre 190,666.67 ₦ 50,000.00-450,000.00
Apartment (3 bedrooms) in City Centre 650,000.00 ₦ 600,000.00-700,000.00
Apartment (3 bedrooms) Outside of Centre 600,000.00 ₦ 400,000.00-1,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 79,857.49 ₦
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 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 19.00 18.00-20.00

These data are based on 18 entries in the past 18 months from 3 different contributors.
Last update: February 2024

Sources and References
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