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Market Trends · October 2026

Property market trends in Nigeria

Median asking rents, house prices and short-let rates for every state and area, worked out each month from the listings first published on Private Property in the three months to it. How we work these out.

Private Property Rent Index

₦10M/year

Typical: ₦4M–₦23.4M

On last month
On a year ago
▼ -8.5%
▲ +71.5%

4,493 listings · October 2026 · View index →

Private Property House Price Index

₦302M

Typical: ₦166M–₦508M

On last month
On a year ago
▼ -1.6%
▲ +22.9%

5,641 listings · October 2026 · View index →

Private Property Short-let Index

₦155K/night

Typical: ₦97.9K–₦227K

On last month
On a year ago
▲ +11.7%
▼ -2.7%

456 listings · October 2026 · View index →

Rent by state, October 2026

Median asking rent, all flats and houses, 1 to 5 bedrooms. Select a column to sort, or a state for its full figures.

State Median Typical range On last month On a year ago Listings
Lagos ₦10.1M/year ₦4.3M–₦25M ▼ -16.1% ▲ +43.3% 4,004
Abuja ₦12.5M/year ₦7M–₦25.2M ▼ -14.3% ▲ +34.8% 302
Oyo ₦2.4M/year ₦1.2M–₦5.1M ▼ -19.2% ▲ +84.8% 110
Rivers Small sample ₦3M/year ₦2.5M–₦7.9M Not available Not available 28
Ogun Small sample ₦2.5M/year ₦1.1M–₦5.1M ▲ +34.0% ▲ +266.6% 26

Biggest moves on last month

  1. Oyo ▼ -19.2% to ₦2.4M/year
  2. Lagos ▼ -16.1% to ₦10.1M/year
  3. Abuja ▼ -14.3% to ₦12.5M/year
  4. Abuja Phase 2, Abuja ▼ -13.2% to ₦12.7M/year
  5. Ajah, Lagos ▼ -12.4% to ₦3.9M/year
  6. Lekki, Lagos ▼ -0.8% to ₦10.1M/year

States and cities with 100 or more listings in both months. A city that moved exactly as its state is left out.

Sale price by state, October 2026

Median asking sale price, all flats and houses, 1 to 5 bedrooms. Select a column to sort, or a state for its full figures.

State Median Typical range On last month On a year ago Listings
Lagos ₦313M ₦183M–₦548M ▼ -1.6% ▲ +20.7% 4,513
Abuja ₦354M ₦181M–₦628M ▲ +7.5% ▲ +59.3% 488
Rivers ₦193M ₦106M–₦318M ▼ -3.4% ▲ +43.3% 287
Oyo ₦139M ₦67.1M–₦262M ▼ -1.2% ▲ +36.7% 207
Ogun Small sample ₦69.2M ₦53.3M–₦120M ▲ +1.4% ▲ +10.7% 84
Enugu Small sample ₦214M ₦149M–₦255M ▼ -2.1% Not available 23

Biggest moves on last month

  1. Abuja Phase 2, Abuja ▲ +11.3% to ₦390M
  2. Abuja ▲ +7.5% to ₦354M
  3. Abuja Phase 3, Abuja ▲ +4.7% to ₦261M
  4. Port Harcourt, Rivers ▼ -4.1% to ₦194M
  5. Rivers ▼ -3.4% to ₦193M
  6. Ojodu, Lagos ▼ -3.0% to ₦354M

States and cities with 100 or more listings in both months. A city that moved exactly as its state is left out.

Short-let rate by state, October 2026

Median asking short-let rate, all flats and houses, 1 to 5 bedrooms. Select a column to sort, or a state for its full figures.

State Median Typical range On last month On a year ago Listings
Lagos ₦157K/night ₦98.2K–₦228K ▲ +13.7% ▼ -1.5% 421
Abuja Small sample ₦138K/night ₦50.6K–₦205K ▼ -7.4% ▼ -1.0% 28

Biggest moves on last month

  1. Lekki, Lagos ▲ +14.2% to ₦155K/night
  2. Lagos ▲ +13.7% to ₦157K/night

States and cities with 100 or more listings in both months. A city that moved exactly as its state is left out.

Rental yield, 3-bedroom flats, October 2026

Gross yield: a year's median asking rent divided by the median asking price, before service charge, maintenance, agency fees, empty months and tax. Shown only where rent and sale each have 100 or more listings.

AreaGross yieldMedian rentMedian price
Lagos 5.4% ₦16.8M/year ₦312M
Lekki, Lagos 3.8% ₦12.8M/year ₦341M
Using these figures. They are free to reuse under CC BY 4.0: credit Private Property and link to the page you took them from, e.g. "Private Property Rent Index, October 2026, https://privateproperty.ng/market-trends".