Property Prices in Ibadan, Nigeria

Index Info
Price to Income Ratio: 18.94
Mortgage as Percentage of Income: 368.29%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 6.82
Price to Rent Ratio - Outside of Centre: 0.44
Gross Rental Yield (City Centre): 14.66%
Gross Rental Yield (Outside of Centre): 229.57%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 449.96 $ 180.11-840.05
Apartment (1 bedroom) Outside of Centre 429.19 $ 94.96-1,080.06
Apartment (3 bedrooms) in City Centre 1,235.70 $ 791.31-1,680.09
Apartment (3 bedrooms) Outside of Centre 1,276.07 $ 527.54-2,400.13
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre 828.15 $ 579.90-1,076.39
Price per Square Meter to Buy Apartment Outside of Centre 52.75 $
Salaries And Financing
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Average Monthly Net Salary (After Tax) 116.29 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 19.00 18.00-20.00

These data are based on 19 entries from 3 contributors over the past 18 months.
Last update: 13 December 2024

Sources and References
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