Lagos Rankings

Highest Rental Yield Neighborhoods in Lagos

These Lagos neighborhoods offer the highest implied gross rental yields — the median annual rent as a percentage of the median sale price. Higher yield means more rental income per naira invested (before operating costs).

#	Neighborhood	Gross Yield	Median Rent/yr	Gross Yield	Listings
1	Eko AtlanticEti-Osa LGA	8.5%	₦73.3M	8.5%	13
2	IlupejuMushin LGA	7.2%	₦13.3M	7.2%	7
3	Ikeja GRAIkeja LGA	6.7%	₦30.0M	6.7%	41
4	IkateEti-Osa LGA	6.0%	₦13.0M	6.0%	165
5	Victoria IslandEti-Osa LGA	5.5%	₦30.0M	5.5%	154
6	OniruEti-Osa LGA	5.3%	₦25.0M	5.3%	69
7	SurulereSurulere LGA	4.2%	₦5.0M	4.2%	43
8	Omole Phase 1Kosofe LGA	4.1%	₦23.0M	4.1%	18
9	Lekki Phase 1Eti-Osa LGA	4.1%	₦11.0M	4.1%	552
10	Chevron / LekkiEti-Osa LGA	3.9%	₦7.0M	3.9%	270
11	MarylandKosofe LGA	3.4%	₦10.0M	3.4%	31
12	IkoyiEti-Osa LGA	3.2%	₦45.0M	3.2%	244
13	SangotedoEti-Osa LGA	3.2%	₦4.5M	3.2%	104
14	Lekki Phase 2Eti-Osa LGA	3.2%	₦9.0M	3.2%	22
15	Banana IslandEti-Osa LGA	2.9%	₦60.0M	2.9%	106
16	Omole Phase 2Kosofe LGA	2.9%	₦8.0M	2.9%	12
17	MagodoKosofe LGA	2.8%	₦12.5M	2.8%	43
18	AjahEti-Osa LGA	2.5%	₦3.5M	2.5%	215
19	IkejaIkeja LGA	2.3%	₦6.0M	2.3%	88
20	YabaYaba LGA	2.1%	₦3.1M	2.1%	39
21	GbagadaKosofe LGA	1.9%	₦4.0M	1.9%	32
22	Ibeju-LekkiIbeju-Lekki LGA	1.8%	₦1.4M	1.8%	53
23	Osapa LondonEti-Osa LGA	1.7%	₦9.0M	1.7%	75

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Figures are medians of current public asking prices, with outliers and duplicates removed. Read our methodology →