Magodo
Lagos property intelligence · data as of 8 June 2026
The most listed property class in Magodo is the 4 bedrooms with 30 active listings. Median asking price is ₦360.0M. Median annual rent is ₦15.0M. That implies a gross yield of 4.2% before operating costs.
Prices by Bedroom Count
38 sale + 29 rental listings
1-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦2.0M
3 listings
2-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦3.8M
4 listings
3-Bed
Median Sale Price
₦197.5M
4 listings
Median Rent / Year
₦6.5M
5 listings
4-Bed
Most ListedMedian Sale Price
₦360.0M
17 listings
Median Rent / Year
₦15.0M
13 listings
5-Bed
Median Sale Price
₦600.0M
14 listings
Median Rent / Year
₦20.0M
4 listings
6-Bed
Median Sale Price
₦790.0M
2 listings
Median Rent / Year
—
0 listings
7-Bed
Median Sale Price
₦740.0M
1 listing
Median Rent / Year
—
0 listings
Overall Market Summary
Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.
Median Sale (All)
₦450.0M
₦140.0M – ₦900.0M
Median Rent (All)
₦9.3M
₦1.2M – ₦21.0M
Gross Yield
2.1%
All classes combined
Net Yield
-3.0%
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 | ₦250.0M | ₦5.8M | 2.3% | 5 | 8 |
| other | — | ₦15.0M | — | 0 | 3 |
| duplex | ₦380.0M | ₦17.0M | 4.5% | 1 | 3 |
| terrace | ₦180.0M | ₦15.0M | 8.3% | 3 | 3 |
| detached | ₦600.0M | ₦20.0M | 3.3% | 20 | 4 |
| mini flat | — | ₦1.8M | — | 0 | 2 |
| penthouse | ₦550.0M | — | — | 1 | 0 |
| self contain | — | ₦1.2M | — | 0 | 1 |
| semi detached | ₦355.0M | ₦12.5M | 3.5% | 8 | 6 |
Lagos Reality Factor
Magodo falls in the affordable tier. These are the annual costs every landlord pays but no listing ever shows.
What this means: On a median rent of ₦9.3M/yr, these costs consume 127% of your gross rental income — reducing yield from 2.1% to -3.0%.
Magodo Property FAQ
What is the average rent in Magodo?
The median annual asking rent in Magodo, Lagos is ₦9.3M, per Scout data as of 8 June 2026 (based on 30 rental listings).
What is the average property price in Magodo?
The median asking sale price in Magodo, Lagos is ₦450.0M, as of 8 June 2026 (based on 38 for-sale listings).
What is the rental yield in Magodo?
Magodo has an implied gross rental yield of 2.1%, or about -3.0% net after Lagos operating costs (diesel, service charge, management).
How many listings is the Magodo data based on?
These figures are derived from 68 active public property listings in Magodo, with outliers and duplicates removed (high confidence).