Nigeria Property Centre
Market Trends · Monthly index

Nigeria Property Centre Rent, House Price and Short-let Index.

Median asking rents, sale prices and short-let nightly rates for every state, measured each month from listings active on Nigeria Property Centre.

Latest release:
October 2026
Released:
8 Nov 2026
Next release:
3 Dec 2026
Methodology Quarterly reports Subscribe
RENT INDEX

Nigeria Property Centre Rent Index

₦12.8M /year
Typical: ₦6.4M–₦26.5M
Reconstructed
On last month
+0.2%
On a year ago
From Sept 2027
Listings
43,456
Oct 2026 · Released 8 Nov 2026 View index
HOUSE PRICE INDEX

Nigeria Property Centre House Price Index

₦303.6M
Typical: ₦163M–₦585M
Reconstructed
On last month
+0.9%
On a year ago
From Sept 2027
Listings
74,484
Oct 2026 · Released 8 Nov 2026 View index
SHORT-LET INDEX

Nigeria Property Centre Short-let Index

₦159K /night
Typical: ₦109.5K–₦229.6K
Reconstructed
On last month
+1.9%
On a year ago
From Sept 2027
Listings
13,220
Oct 2026 · Released 8 Nov 2026 View index
OCTOBER 2026 RELEASE

This month's release

Released 8 Nov 2026, 09:00 WAT

Biggest movers, rent

Biggest movers, house price

Biggest movers, short-let

Change on last month by state. States with 100 or more listings only.

Biggest rises 1 Ogun ₦1.5M +24.3% 2 Rivers ₦5.3M +5.2% 3 Abuja ₦12.5M +1.1%
Biggest falls 1 Oyo ₦3.8M −10.1% 2 Lagos ₦13.1M −0.1%
Biggest rises 1 Rivers ₦203.8M +3.7% 2 Enugu ₦162.1M +3.5% 3 Abuja ₦291.8M +2.1%
Biggest falls 1 Edo ₦92.9M −26.6% 2 Oyo ₦150.6M −0.9%
Biggest rises 1 Oyo ₦148.6K +5.1% 2 Lagos ₦162.5K +1.9% 3 Rivers ₦148.2K +1.2%
Biggest falls

None this month.

BY STATE

Rent by state, October 2026

Median yearly rent, all property types and sizes. Select a column to sort; select a state for its full figures.

Lagos ₦13.1M Typical ₦6.5M–₦27.6M On last month: −0.1% On a year ago: From Sept 2027 Listings: 36,404
Abuja ₦12.5M Typical ₦7.2M–₦23.7M On last month: +1.1% On a year ago: From Sept 2027 Listings: 6,358
Rivers ₦5.3M Typical ₦2.9M–₦10.5M On last month: +5.2% On a year ago: From Sept 2027 Listings: 163
Oyo ₦3.8M Typical ₦1.5M–₦7.6M On last month: −10.1% On a year ago: From Sept 2027 Listings: 233
Akwa Ibom ₦3.6M Typical ₦1.5M–₦5.7M On last month: Not available On a year ago: Not available Listings: 27
3-month figure
Enugu ₦2.1M Typical ₦1.3M–₦3.5M On last month: Not available On a year ago: From Sept 2027 Listings: 24
Small sample
Ogun ₦1.5M Typical ₦768.4K–₦2.9M On last month: +24.3% On a year ago: From Sept 2027 Listings: 220
Edo ₦1.5M Typical ₦760.9K–₦3.3M On last month: Not available On a year ago: Not available Listings: 21
3-month figure
Delta ₦1.5M Typical ₦1.2M–₦3.3M On last month: −14.4% On a year ago: From Sept 2027 Listings: 21
Small sample
Abia — Typical — On last month: Not available On a year ago: Not available Listings: —
Not enough listings for October 2026
Anambra — Typical — On last month: Not available On a year ago: Not available Listings: —
Not enough listings for October 2026
Showing 11 of 17 states. Year-on-year changes start a year after each series' first month, as the method changed in September 2026.
BY STATE

Sale by state, October 2026

Median asking price, all property types and sizes. Select a column to sort; select a state for its full figures.

Lagos ₦321.2M Typical ₦172.4M–₦621.7M On last month: +0.9% On a year ago: From Sept 2027 Listings: 59,688
Abuja ₦291.8M Typical ₦158.8M–₦557.6M On last month: +2.1% On a year ago: From Sept 2027 Listings: 10,951
Kaduna ₦240.4M Typical ₦153.7M–₦430.4M On last month: Not available On a year ago: Not available Listings: 22
3-month figure
Delta ₦219M Typical ₦102.2M–₦351M On last month: −16.2% On a year ago: From Sept 2027 Listings: 78
Small sample
Rivers ₦203.8M Typical ₦116.6M–₦362.1M On last month: +3.7% On a year ago: From Sept 2027 Listings: 879
Enugu ₦162.1M Typical ₦113.2M–₦245M On last month: +3.5% On a year ago: From Sept 2027 Listings: 392
Oyo ₦150.6M Typical ₦71.8M–₦264.7M On last month: −0.9% On a year ago: From Sept 2027 Listings: 1,234
Anambra ₦140.7M Typical ₦86.7M–₦266.3M On last month: −18.8% On a year ago: From Sept 2027 Listings: 35
Small sample
Imo ₦131.7M Typical ₦97.9M–₦207.9M On last month: −8.5% On a year ago: From Sept 2027 Listings: 37
Small sample
Edo ₦92.9M Typical ₦49M–₦168M On last month: −26.6% On a year ago: From Sept 2027 Listings: 112
Ondo ₦86.5M Typical ₦48.9M–₦118.8M On last month: +8.4% On a year ago: From Sept 2027 Listings: 45
Small sample
Showing 11 of 28 states. Year-on-year changes start a year after each series' first month, as the method changed in September 2026.
BY STATE

Short-let by state, October 2026

Median nightly rate, all property types and sizes. Select a column to sort; select a state for its full figures.

Lagos ₦162.5K Typical ₦111.8K–₦237.4K On last month: +1.9% On a year ago: From Sept 2027 Listings: 11,081
Edo ₦153.7K Typical ₦102.2K–₦193.4K On last month: +3.3% On a year ago: From Sept 2027 Listings: 20
Small sample
Enugu ₦150.4K Typical ₦105.9K–₦229.9K On last month: −9.3% On a year ago: From Sept 2027 Listings: 27
Small sample
Oyo ₦148.6K Typical ₦102.6K–₦208.6K On last month: +5.1% On a year ago: From Sept 2027 Listings: 165
Rivers ₦148.2K Typical ₦105.3K–₦192.4K On last month: +1.2% On a year ago: From Sept 2027 Listings: 102
Abuja ₦143.9K Typical ₦96.8K–₦199K On last month: +0.6% On a year ago: From Sept 2027 Listings: 1,779
Ogun ₦100.7K Typical ₦69K–₦161.5K On last month: +21.6% On a year ago: From Sept 2027 Listings: 46
Small sample
Abia — Typical — On last month: Not available On a year ago: Not available Listings: —
Not enough listings for October 2026
Akwa Ibom — Typical — On last month: Not available On a year ago: Not available Listings: —
Not enough listings for October 2026
Anambra — Typical — On last month: Not available On a year ago: Not available Listings: —
Not enough listings for October 2026
Bayelsa — Typical — On last month: Not available On a year ago: Not available Listings: —
Not enough listings for October 2026
Showing 11 of 22 states. Year-on-year changes start a year after each series' first month, as the method changed in September 2026.
RENTAL YIELD

Rental yield, October 2026

Gross yield by state and locality, for one property type and size at a time. Highest first. Select an area for its full figures.

Lagos: 3-bed flats 5.0% · 3-bed houses 6.5%

Abuja State 5.8% Rent ₦8.2M a year · Price ₦142.8M See listings
Life Camp Abuja 5.7% Rent ₦5.6M a year · Price ₦98.5M See listings
Katampe Abuja 5.6% Rent ₦8.6M a year · Price ₦154.4M See listings
Mabushi Abuja 5.4% Rent ₦8.7M a year · Price ₦161.6M See listings
Jahi Abuja 5.3% Rent ₦10.4M a year · Price ₦195M See listings
Wuye Abuja 5.2% Rent ₦8.4M a year · Price ₦162.1M See listings
Victoria Island (VI) Lagos 4.5% Rent ₦23.6M a year · Price ₦521.3M See listings
Lekki Lagos 4.4% Rent ₦9.6M a year · Price ₦220.2M See listings
Ikoyi Lagos 4.3% Rent ₦41.6M a year · Price ₦959.5M See listings
Surulere Lagos 4.0% Rent ₦4.8M a year · Price ₦119.3M See listings
Lagos State 3.8% Rent ₦9.8M a year · Price ₦254.3M See listings
Ajah Lagos 3.6% Rent ₦3.2M a year · Price ₦88.1M See listings
Ikeja Lagos 3.5% Rent ₦9M a year · Price ₦254.6M See listings
Maryland Lagos 3.5% Rent ₦9M a year · Price ₦256.6M See listings
Gbagada Lagos 3.3% Rent ₦5.1M a year · Price ₦156.3M See listings
Yaba Lagos 2.8% Rent ₦4.1M a year · Price ₦148M See listings
Magodo Lagos 2.5% Rent ₦6M a year · Price ₦238.8M See listings
Ibeju Lekki Lagos 2.2% Rent ₦1.9M a year · Price ₦87M See listings
Showing 11 of 18 states and localities · Flats, all sizes · Never a national figure.
Abuja State 4.8% Rent ₦3.9M a year · Price ₦82.6M See listings
Ajah Lagos 4.2% Rent ₦2M a year · Price ₦48M See listings
Lekki Lagos 3.8% Rent ₦4.8M a year · Price ₦126.8M See listings
Victoria Island (VI) Lagos 3.7% Rent ₦9.1M a year · Price ₦245.9M See listings
Lagos State 3.4% Rent ₦3.6M a year · Price ₦107.9M See listings
Showing 5 of 5 states and localities · Flats, 1 bed · Never a national figure.
Abuja State 6.8% Rent ₦7.3M a year · Price ₦108.4M See listings
Ikoyi Lagos 5.8% Rent ₦30.3M a year · Price ₦527M See listings
Lekki Lagos 5.2% Rent ₦10.9M a year · Price ₦209M See listings
Lagos State 4.5% Rent ₦9.3M a year · Price ₦208.4M See listings
Victoria Island (VI) Lagos 4.4% Rent ₦20.9M a year · Price ₦475.1M See listings
Surulere Lagos 4.2% Rent ₦5M a year · Price ₦118.1M See listings
Ikeja Lagos 4.1% Rent ₦6.5M a year · Price ₦159.9M See listings
Ajah Lagos 3.9% Rent ₦3.6M a year · Price ₦90.9M See listings
Showing 8 of 8 states and localities · Flats, 2 beds · Never a national figure.
Abuja State 6.5% Rent ₦10.7M a year · Price ₦163.7M See listings
Jahi Abuja 5.9% Rent ₦12M a year · Price ₦204.5M See listings
Katampe Abuja 5.9% Rent ₦10.1M a year · Price ₦170.9M See listings
Ikoyi Lagos 5.0% Rent ₦42.8M a year · Price ₦861.1M See listings
Lagos State 5.0% Rent ₦18.1M a year · Price ₦360M See listings
Ajah Lagos 4.8% Rent ₦5M a year · Price ₦104M See listings
Gbagada Lagos 4.6% Rent ₦7.6M a year · Price ₦165.2M See listings
Lekki Lagos 4.4% Rent ₦13.9M a year · Price ₦313.6M See listings
Victoria Island (VI) Lagos 4.3% Rent ₦27.7M a year · Price ₦643.4M See listings
Ikeja Lagos 4.0% Rent ₦13M a year · Price ₦326.7M See listings
Showing 10 of 10 states and localities · Flats, 3 beds · Never a national figure.
Lekki Lagos 5.4% Rent ₦21.1M a year · Price ₦392.9M See listings
Victoria Island (VI) Lagos 4.1% Rent ₦50.3M a year · Price ₦1,242M See listings
Lagos State 4.0% Rent ₦49.5M a year · Price ₦1,241.9M See listings
Ikoyi Lagos 3.6% Rent ₦62.6M a year · Price ₦1,742.7M See listings
Showing 4 of 4 states and localities · Flats, 4 beds · Never a national figure.
No area has enough listings for this choice yet. A yield needs at least 100 sale and 100 rent listings for the same property type and size.
Maryland Lagos 7.5% Rent ₦25.5M a year · Price ₦342.5M See listings
Ibeju Lekki Lagos 6.2% Rent ₦5.8M a year · Price ₦93.9M See listings
Ikeja Lagos 5.7% Rent ₦26.4M a year · Price ₦467M See listings
Abuja State 5.2% Rent ₦18.5M a year · Price ₦352.4M See listings
Lagos State 5.1% Rent ₦18.1M a year · Price ₦353.1M See listings
Mabushi Abuja 5.1% Rent ₦19.7M a year · Price ₦388M See listings
Victoria Island (VI) Lagos 4.8% Rent ₦38M a year · Price ₦787.9M See listings
Oyo State 4.7% Rent ₦7.3M a year · Price ₦156.1M
Ibadan Oyo 4.6% Rent ₦7.3M a year · Price ₦158.9M
Life Camp Abuja 4.6% Rent ₦11.4M a year · Price ₦250.3M See listings
Ajah Lagos 4.4% Rent ₦7.8M a year · Price ₦177.4M See listings
Jabi Abuja 4.4% Rent ₦19.3M a year · Price ₦437.1M See listings
Jahi Abuja 4.3% Rent ₦18.1M a year · Price ₦416.9M See listings
Gbagada Lagos 4.2% Rent ₦14M a year · Price ₦335.4M See listings
Guzape District Abuja 4.0% Rent ₦23.4M a year · Price ₦591.2M See listings
Wuye Abuja 4.0% Rent ₦20.5M a year · Price ₦513.2M See listings
Lekki Lagos 3.9% Rent ₦15.2M a year · Price ₦386.8M See listings
Ogudu Lagos 3.9% Rent ₦17.5M a year · Price ₦446M See listings
Maitama District Abuja 3.8% Rent ₦52.2M a year · Price ₦1,373.3M See listings
Gwarinpa Abuja 3.7% Rent ₦10.7M a year · Price ₦293.1M See listings
Katampe Abuja 3.7% Rent ₦17.4M a year · Price ₦477.7M See listings
Asokoro District Abuja 3.4% Rent ₦30.3M a year · Price ₦894.9M See listings
Magodo Lagos 3.4% Rent ₦15.1M a year · Price ₦445.2M See listings
Apo Abuja 3.3% Rent ₦10.5M a year · Price ₦321.9M See listings
Ikoyi Lagos 2.9% Rent ₦67.3M a year · Price ₦2,328.7M See listings
Showing 11 of 25 states and localities · Houses, all sizes · Never a national figure.
No area has enough listings for this choice yet. A yield needs at least 100 sale and 100 rent listings for the same property type and size.
Abuja State 7.1% Rent ₦6.5M a year · Price ₦92.8M See listings
Lagos State 5.9% Rent ₦8M a year · Price ₦136.3M See listings
Lekki Lagos 5.8% Rent ₦10.3M a year · Price ₦177M See listings
Ajah Lagos 5.7% Rent ₦5.3M a year · Price ₦93.6M See listings
Showing 4 of 4 states and localities · Houses, 2 beds · Never a national figure.
Abuja State 7.0% Rent ₦10.6M a year · Price ₦152.3M See listings
Lagos State 6.5% Rent ₦10.2M a year · Price ₦156M See listings
Lekki Lagos 6.4% Rent ₦10.9M a year · Price ₦169.4M See listings
Ajah Lagos 5.7% Rent ₦6.9M a year · Price ₦121.3M See listings
Ikeja Lagos 5.7% Rent ₦15.4M a year · Price ₦271.6M See listings
Ikoyi Lagos 5.6% Rent ₦47.2M a year · Price ₦839M See listings
Showing 6 of 6 states and localities · Houses, 3 beds · Never a national figure.
Maryland Lagos 6.5% Rent ₦22M a year · Price ₦338.1M See listings
Ikeja Lagos 6.4% Rent ₦26.3M a year · Price ₦408.7M See listings
Lagos State 6.2% Rent ₦17.5M a year · Price ₦285.1M See listings
Abuja State 5.6% Rent ₦17.9M a year · Price ₦321.8M See listings
Lekki Lagos 5.4% Rent ₦14M a year · Price ₦257.6M See listings
Ajah Lagos 4.9% Rent ₦8.3M a year · Price ₦171M See listings
Maitama District Abuja 4.7% Rent ₦44.2M a year · Price ₦938.7M See listings
Victoria Island (VI) Lagos 4.7% Rent ₦37.7M a year · Price ₦795.8M See listings
Guzape District Abuja 4.6% Rent ₦20.8M a year · Price ₦450.8M See listings
Jahi Abuja 4.6% Rent ₦18.2M a year · Price ₦398.1M See listings
Katampe Abuja 4.5% Rent ₦17.2M a year · Price ₦385.4M See listings
Life Camp Abuja 4.5% Rent ₦11.5M a year · Price ₦252.9M See listings
Magodo Lagos 4.0% Rent ₦15.6M a year · Price ₦393.1M See listings
Ikoyi Lagos 3.9% Rent ₦61.3M a year · Price ₦1,559.8M See listings
Showing 11 of 14 states and localities · Houses, 4 beds · Never a national figure.
Victoria Island (VI) Lagos 6.4% Rent ₦61.8M a year · Price ₦966.2M See listings
Lagos State 6.2% Rent ₦39.6M a year · Price ₦637.5M See listings
Abuja State 5.3% Rent ₦32.2M a year · Price ₦614.1M See listings
Ikeja Lagos 5.1% Rent ₦36.7M a year · Price ₦715M See listings
Lekki Lagos 4.2% Rent ₦25.9M a year · Price ₦616.8M See listings
Ajah Lagos 4.0% Rent ₦12.2M a year · Price ₦306.8M See listings
Guzape District Abuja 3.9% Rent ₦30.5M a year · Price ₦786.2M See listings
Maitama District Abuja 2.9% Rent ₦62.2M a year · Price ₦2,122.7M See listings
Ikoyi Lagos 2.1% Rent ₦87.1M a year · Price ₦4,069.2M See listings
Showing 9 of 9 states and localities · Houses, 5 beds · Never a national figure.

Gross yield: a year's typical asking rent divided by the typical asking price, before service charge, maintenance, agency fees, empty months and tax. Furnished and serviced lets are included.

How rental yield is worked out
CITE THIS SECTION

House Price Index, gross rental yield Lagos: 3-bed flats 5.0% · 3-bed houses 6.5%, October 2026 release, Nigeria Property Centre, https://nigeriapropertycentre.com/market-trends/average-prices#rental-yield

Past releases

October 2026 Released 8 Nov 2026

Baseline month, reconstructed from listings archived at the time.

Reconstructed #release-2026-10
September 2026 Released 11 Oct 2026

Baseline month, reconstructed from listings archived at the time.

Reconstructed #release-2026-09
MethodologyWhat we count, the statistic we use and how figures are labelled and corrected.
Quarterly market reportsOur quarterly reports take their rent and sale figures from the quarter's last monthly release.

Get each release by email.

The Rent, House Price and Short-let Index on release day, on the 3rd working day of each month at 09:00. One email a month.

We use your email only to send you the Rent, House Price and Short-let Index and, in it, links to our other market reports and data. See our privacy policy.

Using this data.

Free 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 Rent Index, October 2026 release, Nigeria Property Centre, https://nigeriapropertycentre.com/market-trends/average-prices#release-2026-10