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| Index | |
|---|---|
| Price to Income Ratio | 19 |
| Mortgage as Percentage of Income | 332.31 |
| Loan Affordability Index | 1.7 |
| Price to Rent Ratio – City Centre | 3.72 |
| Price to Rent Ratio – Outside of Centre | 1.95 |
| Gross Rental Yield (City Centre) | 24.16 |
| Gross Rental Yield (Outside of Centre) | 35.88 |
| country data (source The World Bank, 2021) | 2 |
| GDP Per Capita ($) | 3 |
| GDP Growth Rate | 1.2 |
| Population Growth Rate | 5.53 |
Rent Per Month in Nigeria
| Apartment (1 bedroom) in City Centre | 556.91$ | 196.37$ – 1163.23$ |
| Apartment (1 bedroom) Outside of Centre | 362.32$ | 104.13$ – 711.03$ |
| Apartment (3 bedrooms) in City Centre | 1192.44$ | 389.74$ – 3225.86$ |
| Apartment (3 bedrooms) Outside of Centre | 805.25$ | 194.37$ – 1935.72$ |
Buy Apartment Price in Nigeria
| Price per Square Meter to Buy Apartment in City Centre | 627$ | 260.83$ – 1207.87$ |
| Price per Square Meter to Buy Apartment Outside of Centre | 256.85$ | 67.46$ – 645.57$ |
Salaries And Financing in Nigeria
| Average Monthly Net Salary (After Tax) | 123.5$ | 2$ – 3$ |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 19.06$ | 13$ – 25$ |
These data are based on 2616 entries in the past 29 months from 353 different contributors.
Last update: August 2023
Our data for each country is based on all entries from all cities in that country.
Property Prices in Nigeria – 2023 Stats & 2024 Forecast
Housing costs are an important factor to consider for quality of life. Property and rental prices in Nigeria are generally expensive compared to global standards.
According to statistics from relevant sources, the average price per square meter of a property in a major city center is around 260$ – 1207$ and 67$ – 645$ outside urban areas. Rental prices for a one-bedroom apartment in a city center average 556.91$ per month.