How far budgets sit below asking prices for one home type and size in one place. Three groups, always named: people searching our site, people who asked agents to find them a home, and people who set an alert.
−29%
below
asking
median budget ₦2.6M a year · Searches 17–30 Sept 2026
−73%
below
asking
median budget ₦1M a year · Requests Oct 2025–Sept 2026
Asking median ₦3.7M a year · Typical ₦2.1M–₦6.5M · Asking: Sept 2026
#release-2026-q3Searchers budget 29% below asking for Lagos 1-bed flats to rent; people who asked agents to find them a home budget 73% below.
Asking is the Rent Index median for Lagos 1-bed flats, September 2026. Budgets are the median of what each group entered; banded search budgets are precise to about ±20%. How we measure this
Enter a budget and a home size. We'll show which areas have homes in reach, using the latest Rent, House Price and Short-let Index.
Rent is yearly. Gaps compare each group's median budget with the Rent Index asking median for the same area, type and size.
Searches and alerts for N bedrooms count homes with at least N; requests count exactly N. A group shows a figure when it has at least 50 budget-stated searches, 30 requests or 30 alerts. Banded search budgets are precise to about ±20%.
Buy is the total price. Gaps compare each group's median budget with the House Price Index asking median.
Buy figures are total prices, not a deposit or a monthly payment. A group shows a figure when it has at least 50 budget-stated searches, 30 requests or 30 alerts. Banded search budgets are precise to about ±20%.
Short-let is per night. Gaps compare each group's median nightly budget with the Short-let Index asking median.
Short-let rates are per night for the whole home. A group shows a figure when it has at least 50 budget-stated searches, 30 requests or 30 alerts. Banded search budgets are precise to about ±20%.
Demand vs Supply compares all homes in an area with what's listed today; the Affordability Gap compares one home type and size with the Rent, House Price and Short-let Index.
MethodologyHow budgets are counted, and the gap formula Rent, House Price and Short-let IndexThe asking figures every gap is measured against Demand vs SupplyAll homes in an area against what's listed What can I afford?Check your own budget, area by areaEach release has its own link. The gaps shown are for the headline cell; quote the release link so readers land on the right figures.
People searching our site budget a median ₦2.6M a year for a 1-bed flat in Lagos, 29% below the asking median of ₦3.7M (Q3 2026). People who asked agents to find them a home budget ₦1M, 73% below asking.
See Q3 2026 in the release tableThey are a self-selected group: people who ask agents to find them a home are often those who couldn't find one in their budget by searching. So their budgets run lower than searchers', and the gap between the two is part of the story, not an error.
Demand vs Supply compares the budgets of all searches in an area, every home type and size together, with what's listed today. The Affordability Gap compares one home type and size with the Rent, House Price and Short-let Index, for three groups of people separately.
Go to Demand vs SupplyFree to use with credit. You can quote and republish these figures, as long as you credit Nigeria Property Centre and link back to this page. They are licensed under CC BY 4.0, as set out in our terms of use.
Nigeria Property Centre Affordability Gap, Q3 2026 release, Nigeria Property Centre, https://nigeriapropertycentre.com/market-trends/affordability-gap#release-2026-q3
What people can pay against what's asked, area by area, on release day, four times a year. One email a quarter, nothing else.
