House Prices in Nigeria (2026): Complete Real Estate Cost Guide
The Price Comparison Table
| Property Type | Location (Example) | Price (Naira) | Price (USD*) |
|---|---|---|---|
| Luxury Mansion | Ikoyi / Maitama | ₦850M+ | ~$580,000+ |
| Standard Duplex | Lekki / Gwarinpa | ₦120M – ₦350M | ~$82k – $240k |
| Cheap Bungalow | Ibeju-Lekki / Mowe | ₦25M – ₦45M | ~$17k – $31k |
Are you looking to buy a house in Nigeria? Whether you are a local resident or a diaspora investor, understanding Nigeria real estate prices is the first step. In 2026, the market has seen a steady 12% appreciation in urban hubs like Lagos and Abuja.
From cheap houses for sale in Nigeria to ultra-luxury mansions in Nigeria, this guide breaks down exactly how much a house costs in Nigeria today.
Average House Cost in Nigeria by City (2026)
House prices in Nigeria vary drastically based on location. Below is the current market average for a standard 3-bedroom bungalow or terrace.
| City | Average Price (Naira) | Average Price (US Dollars*) | Market Trend |
|---|---|---|---|
| Lagos (Lekki / Ajah) | ₦85,000,000 | ~$58,400 | ↑ Rising |
| Abuja (Gwarinpa / Jahi) | ₦75,000,000 | ~$51,500 | ↑ Stable |
| Port Harcourt | ₦55,000,000 | ~$37,800 | → Steady |
| Ibadan | ₦35,000,000 | ~$24,000 | ↑ Emerging |
| Enugu | ₦40,000,000 | ~$27,500 | → Steady |
*> Note: USD conversions are based on an estimated 2026 exchange rate of ₦1,455 per $1.
You can see further lists below:
LAGOS PROPERTY PRICES
ABUJA PROPERTY PRICES
How Much is a House in Nigeria? (By Property Type)
If you are looking for specific Nigerian houses, here is a breakdown of what you can expect to pay for different Nigerian homes:
1. Cheap Houses for Sale in Nigeria (Entry-Level)
For budget-conscious buyers, "cheap" properties are typically found in the outskirts of major cities (like Ikorodu in Lagos or Kuje in Abuja).
2-Bedroom Flat: ₦15,000,000 – ₦25,000,000
3-Bedroom Bungalow: ₦25,000,000 – ₦40,000,000
2. Mid-Range Family Homes
These are the most popular Nigeria homes for sale, usually located in gated estates with 24/7 security.
4-Bedroom Terrace Duplex: ₦65,000,000 – ₦120,000,000
Semi-Detached Duplex: ₦90,000,000 – ₦180,000,000
3. Mansions in Nigeria for Sale (Luxury)
The luxury Naija housing market is concentrated in Ikoyi, Banana Island, and Maitama.
5-Bedroom Fully Detached Mansion: ₦350,000,000 – ₦1.5 Billion+
Luxury Penthouses: ₦250,000,000 – ₦800,000,000
Factors Influencing Property for Sale in Nigeria
When asking "how much is a home in Nigeria?", consider these three price drivers:
Title Document: A house with a Certificate of Occupancy (C of O) or Governor's Consent will cost 20-30% more than one with only a "Survey and Deed."
Infrastructure: Properties in "Serviced Estates" (with drainage, paved roads, and central power) command premium prices.
Construction Level: You can save money by buying a "Carcass" or "Off-plan" house and finishing the interior yourself.
Need Financing? If you are short on cash, see our guide on the 30 Best Loan Apps in Nigeria to help cover your initial deposit.
Government Support: Check if you qualify for a low-interest mortgage through the Federal Government Loan Portal.
How much does a house cost in Nigeria for a first-time buyer?
A first-time buyer can find a decent 3-bedroom bungalow in a developing area for roughly ₦25 million to ₦35 million.
Is it better to build or buy a house in Nigeria in 2026?
Buying is faster and avoids the 40% hike in material costs (cement and iron rods). However, building allows you to customize and can be 15% cheaper if you already own the land.
Can foreigners buy property for sale in Nigeria?
Yes, but they typically hold the title through a Nigerian registered company or through specific state-granted leases.
Final Pro-Tip
Always conduct a "search" at the Land Registry before paying for any property for sale in Nigeria. This prevents you from buying a house that is under litigation or government acquisition.
