Nigeria Property Centre
Market Trends · May 2026

Average property prices in Nigeria.

Median sale and rent prices across every state and locality.

Location
Category
Type
Bedrooms
May 2026 snapshot

Prices across Nigeria

House sale
₦165.6M
-99.5%
2-bed rent
₦2M/yr
+2.4%
Listings
201,609
245 areas
Top growth
Lagos
+42.3%

Houses for Sale

Most Expensive
1 Lagos
₦415.1M
2 Abuja
₦381.4M
3 Delta
₦240.4M
4 Enugu
₦179.9M
5 Imo
₦179M
Most Affordable
1 Osun
₦35.5M
2 Ondo
₦62M
3 Ogun
₦74.4M
4 Akwa Ibom
₦91.7M
5 Edo
₦113.1M

Flats for Sale

Most Expensive
1 Lagos
₦278.4M
2 Abuja
₦157.7M
3 Rivers
₦100M
4 Oyo
₦85.1M
5 Ogun
₦36.4M
Most Affordable
1 Ogun
₦36.4M
2 Oyo
₦85.1M
3 Rivers
₦100M
4 Abuja
₦157.7M
5 Lagos
₦278.4M

Houses for Rent

Most Expensive
1 Lagos
₦18.3M/yr
2 Abuja
₦17.3M/yr
3 Ogun
₦14.1M/yr
4 Rivers
₦8.3M/yr
5 Oyo
₦5.4M/yr
Most Affordable
1 Akwa Ibom
₦2.8M/yr
2 Oyo
₦5.4M/yr
3 Rivers
₦8.3M/yr
4 Ogun
₦14.1M/yr
5 Abuja
₦17.3M/yr

Flats for Rent

Most Expensive
1 Lagos
₦10.4M/yr
2 Abuja
₦6.8M/yr
3 Rivers
₦2.6M/yr
4 Oyo
₦2M/yr
5 Delta
₦1.4M/yr
Most Affordable
1 Ogun
₦1.1M/yr
2 Delta
₦1.4M/yr
3 Oyo
₦2M/yr
4 Rivers
₦2.6M/yr
5 Abuja
₦6.8M/yr
What the prices tell us

Three patterns shaping value this month

Lagos houses cost 10× Osun

Median house sale price in Lagos is ₦378.5M versus ₦37.6M in Osun — the widest spread across states this month.

Rents holding up year on year

Median 2-bed rent is up 2.4% year on year across Nigeria. That is a softer move than the 99.5% shift on house sale prices.

Lagos is the value play

Lagos house prices are up 42.3% year on year, drawing more value-led buyers each month.

About this report

How we measure price.

This report uses the median price of every active listing on Nigeria Property Centre in May 2026, grouped by category, property type, bedrooms, state and locality. Median (not mean) keeps a single outlier from skewing the number.