Property Prices in Akure, Nigeria

Find out actual data about & Safety Index in Akure, Nigeria

Price to Income Ratio 18.00
Mortgage as Percentage of Income 334.31%
Loan Affordability Index 0.30
Price to Rent Ratio – City Centre 4.72
Price to Rent Ratio – Outside of Centre 2.95
Gross Rental Yield (City Centre) 21.16%
Gross Rental Yield (Outside of Centre) 33.88%
country data (source The World Bank, 2021)
GDP Per Capita ($) 5,136.00
GDP Growth Rate 0.80%
Population Growth Rate 2.53%

Rent Per Month in Nigeria

Apartment (1 bedroom) in City Centre 559.91$ 193.37$ – 1160.23$
Apartment (1 bedroom) Outside of Centre 363.32$ 103.13$ – 709.03$
Apartment (3 bedrooms) in City Centre 1189.44$ 386.74$ – 3222.86$
Apartment (3 bedrooms) Outside of Centre 802.25$ 193.37$ – 1933.72$

Buy Apartment Price in Nigeria

Price per Square Meter to Buy Apartment in City Centre 624$ 257.83$ – 1206.87$
Price per Square Meter to Buy Apartment Outside of Centre 257.85$ 64.46$ – 644.57$

Salaries And Financing in Nigeria

Average Monthly Net Salary (After Tax) 122.5$ 0$ – 0$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.06$ 10$ – 22$

These data are based on 2400 entries in the past 34 months from 130 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 Akure in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Akure. According to statistics, the average price per square meter of property in Akure is around 624$
in the city center and 363$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 559$ per month.
Property price growth has risen in recent years, making housing similarly affordable. Rental yields range from 2%.
While carrying some premium over national averages, overall housing in Akure remains mid-range compared to similar sized cities globally.
This increases disposable income and cost of living for residents.

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