Property Prices in Nigeria

Index Info
Price to Income Ratio: 47.69
Mortgage as Percentage of Income: 865.63%
Loan Affordability Index: 0.12
Price to Rent Ratio - City Centre: 6.58
Price to Rent Ratio - Outside of Centre: 8.09
Gross Rental Yield (City Centre): 15.21%
Gross Rental Yield (Outside of Centre): 12.37%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 910.19 $ 361.32-1,956.17
Apartment (1 bedroom) Outside of Centre 553.35 $ 187.72-1,518.49
Apartment (3 bedrooms) in City Centre 2,178.43 $ 725.01-5,408.22
Apartment (3 bedrooms) Outside of Centre 1,279.07 $ 490.00-3,253.91
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 139.30 $ 62.67-176.51
Price per Square Feet to Buy Apartment Outside of Centre 102.29 $ 12.78-167.22
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 136.32 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.60 9.00-22.50

These data are based on 255 entries in the past 18 months from 49 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
This page in other languages: