Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 123.54
Mortgage as Percentage of Income: 2,294.30%
Loan Affordability Index: 0.04
Price to Rent Ratio - City Centre: 14.30
Price to Rent Ratio - Outside of Centre: 16.71
Gross Rental Yield (City Centre): 6.99%
Gross Rental Yield (Outside of Centre): 5.99%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 662.30 $ 386.74-3,500.00
1 Bedroom Apartment Outside of City Centre 363.23 $ 200.00-2,000.00
3 Bedroom Apartment in City Centre 2,827.71 $ 1,500.00-4,500.00
3 Bedroom Apartment Outside of City Centre 1,176.16 $ 550.00-3,314.92
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 310.53 $ 176.51-395.76
Price per Square Feet to Buy Apartment Outside of Centre 167.22 $ 167.22-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 104.06 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 18.05 18.00-18.33

These data are based on 65 entries from 12 contributors over the past 18 months.
Last update: 14 January 2026

Sources and References
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