Nigeria House Prices, Rents & Rental Yields (2026)
How much property costs in Nigeria, what it rents for and how that compares with neighbouring markets in Sub-Saharan Africa. City-centre prices per m² rank 5 of 5 in this comparison.
Apartment price per m² (city centre)
$835
2022
Apartment price per m² (outside centre)
$510
2022
Price-to-income ratio
28.2
2023
Rent: 1-bedroom, city centre
$983/mo
2023
Mortgage interest rate (20-year fixed)
14.3%
2022
Price and rent trends in Nigeria
Apartment price per m²
Monthly rents
Gross rental yield & mortgage rate
Price-to-income & price-to-rent ratios
Latest property market indicators
Indicator
Value
Year
Change
Source
Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres
$835
2022
-25.0% vs 2019
Numbeo
Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres
$510
2022
-66.0% vs 2012
Numbeo
Price-to-income ratioMedian apartment price divided by median annual disposable family income
28.2
2023
+75.2% vs 2022
Numbeo
Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre
$983/mo
2023
+6.2% vs 2022
Numbeo
Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre
$585/mo
2023
+0.4% vs 2022
Numbeo
Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre
$2,271/mo
2023
+11.1% vs 2022
Numbeo
Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre
