Property Prices in Port Harcourt, Nigeria

Find out actual data about & Safety Index in Port Harcourt, 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 2502 entries in the past 31 months from 496 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 Port Harcourt in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Port Harcourt. According to statistics, the average price per square meter of property in Port Harcourt 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 stabilized in recent years, making housing less affordable. Rental yields range from 6%.
While carrying some premium over national averages, overall housing in Port Harcourt remains reasonably priced compared to similar sized cities globally.
This reduces disposable income and cost of living for residents.

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