Ikate
Lagos property intelligence · data as of 8 June 2026
The most listed property class in Ikate is the 2 bedrooms with 70 active listings. Median asking price is ₦190.0M. Median annual rent is ₦9.0M. That implies a gross yield of 4.7% before operating costs.
Price Movement Over Time
Monthly median asking prices from 53 dated listings over 5 months
Prices by Bedroom Count
103 sale + 116 rental listings
Studio
Median Sale Price
₦68.0M
1 listing
Median Rent / Year
₦3.6M
2 listings
1-Bed
Median Sale Price
₦145.0M
8 listings
Median Rent / Year
₦4.8M
20 listings
2-Bed
Most ListedMedian Sale Price
₦190.0M
39 listings
Median Rent / Year
₦9.0M
31 listings
3-Bed
Median Sale Price
₦245.0M
33 listings
Median Rent / Year
₦14.5M
28 listings
4-Bed
Median Sale Price
₦305.0M
20 listings
Median Rent / Year
₦18.0M
25 listings
5-Bed
Median Sale Price
₦400.0M
2 listings
Median Rent / Year
₦24.0M
10 listings
Overall Market Summary
Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.
Median Sale (All)
₦220.0M
₦10.0M – ₦470.0M
Median Rent (All)
₦12.8M
₦200K – ₦35.0M
Gross Yield
5.8%
All classes combined
Net Yield
-5.2%
After Lagos Reality Factor
Prices by Property Type
Flats, duplexes, detached houses, and other property types compared.
| Type | Median Sale | Median Rent/yr | Gross Yield | Sale | Rent |
|---|---|---|---|---|---|
| flat | ₦195.0M | ₦9.0M | 4.6% | 52 | 40 |
| other | ₦215.0M | ₦12.0M | 5.6% | 24 | 29 |
| duplex | — | ₦19.0M | — | 0 | 10 |
| studio | ₦66.5M | ₦3.6M | 5.4% | 2 | 2 |
| terrace | ₦305.0M | ₦15.0M | 4.9% | 12 | 13 |
| bungalow | — | ₦7.0M | — | 0 | 1 |
| detached | ₦450.0M | ₦25.0M | 5.6% | 3 | 6 |
| mini flat | — | ₦5.5M | — | 0 | 4 |
| penthouse | ₦270.0M | ₦11.5M | 4.3% | 7 | 4 |
| self contain | — | ₦2.0M | — | 0 | 3 |
| semi detached | ₦300.0M | ₦24.5M | 8.2% | 3 | 8 |
Lagos Reality Factor
Ikate falls in the mid_range tier. These are the annual costs every landlord pays but no listing ever shows.
What this means: On a median rent of ₦12.8M/yr, these costs consume 86% of your gross rental income — reducing yield from 5.8% to -5.2%.
Ikate Property FAQ
What is the average rent in Ikate?
The median annual asking rent in Ikate, Lagos is ₦12.8M, per Scout data as of 8 June 2026 (based on 120 rental listings).
What is the average property price in Ikate?
The median asking sale price in Ikate, Lagos is ₦220.0M, as of 8 June 2026 (based on 103 for-sale listings).
What is the rental yield in Ikate?
Ikate has an implied gross rental yield of 5.8%, or about -5.2% net after Lagos operating costs (diesel, service charge, management).
How many listings is the Ikate data based on?
These figures are derived from 223 active public property listings in Ikate, with outliers and duplicates removed (high confidence).