Top 10 Most Affordable Areas to Buy a Home or Land in Lagos

Lagos, the vibrant economic capital of Nigeria, is a hotspot for real estate investments. Whether you’re looking for affordable homes or land in Lagos, exploring cheap areas to buy land in Lagos, or simply planning to buy property in Lagos for future returns, knowing the right locations is crucial.

With rapid urban expansion and the rise of new hubs like Ibeju-Lekki real estate, opportunities to own valuable assets at reasonable prices have never been more promising.

When considering where to invest, it’s important to partner with the best real estate companies in Lagos, companies like Harmony Garden and Estate Development Limited in Lagos, renowned for offering genuine land titles, premium locations, and strategic developments tailored to modern living. In this article, we’ll not only highlight the top affordable areas to buy property but also explore how to tap into the best investment opportunities Lagos real estate has to offer, maximizing your future returns.

In this guide, we will explore the Top 10 Most Affordable Areas to Buy a Home/Land in Lagos, and why partnering with Harmony Garden and Estate Development Limited is your smartest investment move.

1. Ikorodu

Located on the northeastern part of Lagos, Ikorodu has steadily grown into an attractive zone for budget-conscious homebuyers. It boasts solid road networks, educational institutions, and proximity to the Lagos Lagoon, making it ideal for residential development.

Average Property Prices: ₦5 million – ₦25 million

Ikorodu’s future looks bright with ongoing government investments in infrastructure, ferry services, and urban renewal projects, making it an affordable yet promising area for real estate investors.

2. Badagry

Badagry is a historically significant town, now emerging as a real estate hub thanks to the construction of the Lagos-Badagry Expressway and proposed rail links. With its peaceful environment and expanding transport network, Badagry is one of Lagos’ hidden real estate gems.

Average Property Prices: ₦4 million – ₦20 million

For those looking for serenity combined with growth potential, Badagry provides excellent value.

3. Ayobo

Part of the Alimosho Local Government Area, Ayobo offers a suburban lifestyle at highly affordable rates. It benefits from improved accessibility to key locations like Ipaja and Iyana-Ipaja, thanks to new road projects and better public transport options.

Average Property Prices: ₦6 million – ₦18 million

It’s a good choice for families and first-time buyers looking for affordability without sacrificing convenience.

4. Agbado

Situated near Ogun State, Agbado presents a semi-urban atmosphere perfect for lower and middle-income earners. The area offers budget-friendly lands and homes with the bonus of proximity to both Lagos and major Ogun cities.

Average Property Prices: ₦3 million – ₦15 million

Agbado is ideal for those who want to live near Lagos without the high cost of inner-city real estate.

5. Ibeju-Lekki ,  The New Lagos

Ibeju-Lekki is perhaps the most exciting real estate corridor in Lagos today. With landmark projects like the Dangote Refinery, Lekki Deep Sea Port, Pan Africa University, and the Lekki Free Trade Zone, property values here are already soaring, yet there are still affordable options if you act now.

Average Property Prices: ₦7 million – ₦30 million

This is where Harmony Garden and Estate Development Limited truly shines. We own premium estates strategically positioned within Ibeju-Lekki, offering buyers access to lands with genuine titles and future-ready infrastructure. Our projects are designed to maximize comfort, security, and investor returns, making Harmony Garden the best choice for anyone serious about wealth creation through Lagos real estate.

One of our standout projects is Lekki Aviation Town, a visionary development located near the upcoming Lekki-Epe International Airport, comprising residential, commercial, logistics, and data center projects. With over 135 hectares earmarked for multi-use, Aviation Town is set to redefine urban living and business in Lagos.

6. Epe

Once a quiet town, Epe is now one of the fastest-growing investment zones in Lagos State. New road infrastructure, the Epe Marina project, and proximity to Ibeju-Lekki developments make it an increasingly attractive destination.

Average Property Prices: ₦2.5 million – ₦20 million

Harmony Garden’ planned expansion in Epe ensures that future buyers will enjoy premium value, backed by our commitment to quality and strategic land acquisition.

7. Abule-Egba

Abule-Egba enjoys a prime location along the Lagos-Abeokuta Expressway. Recent upgrades, like the introduction of the BRT lane, have enhanced accessibility, making it a favorite among middle-class buyers looking for affordable homes.

Average Property Prices: ₦10 million – ₦30 million

8. Mowe/Ofada (Border Areas)

While technically in Ogun State, Mowe and Ofada are often considered extensions of Lagos because of their close proximity. These areas are perfect for buyers seeking low-cost properties, with a manageable commute to Lagos Island and mainland business hubs.

Average Property Prices: ₦4 million – ₦18 million

9. Igando

Igando, part of Alimosho Local Government, offers ready infrastructure, proximity to the Lagos State University, and relatively affordable housing options.

Average Property Prices: ₦8 million – ₦25 million

It’s ideal for families, young professionals, and retirees looking for peaceful urban living at an affordable price.

10. Alagbado

Alagbado offers buyers a good balance between affordability and city access. Located along the Lagos-Abeokuta Expressway, it provides easy connectivity to both Lagos and Ogun.

Average Property Prices: ₦5 million – ₦22 million

Why Investing with Harmony Garden Makes a Big Difference

While affordability is key, it’s equally important to invest in property companies that offer genuine titles, strategic locations, infrastructure development, and future-proof investment opportunities.

Here’s why Harmony Garden and Estate Development Limited stands out:

✅ Iconic National Recognition: We are recognized among Nigeria’s top-selling real estate firms.
✅ Strategically Located Projects: Our estates are located in high-growth corridors like Ibeju-Lekki and near the new Lekki-Epe International Airport.
✅ Genuine Titles and Documentation: All our lands come with verifiable and authentic legal titles.
✅ Consumer-Centric Developments: We design our estates with comfort, security, and serenity as top priorities.
✅ Accredited & Certified: We are an Accredited Management Organization (AMO) by the Institute of Real Estate Management (IREM) and certified by the Lagos State Real Estate Regulatory Authority (LASRERA).

Whether you’re buying a home for personal use or investing for future gains, choosing Harmony Garden means choosing peace of mind and maximum returns.

Final Thoughts

Finding affordable property in Lagos is no longer a fantasy, it is a real and achievable goal. Areas like Ikorodu, Badagry, Ibeju-Lekki, and Epe offer not just affordable homes but also potential for enormous growth.

However, your success depends largely on who you invest with. With Harmony Garden and Estate Development Limited, you don’t just buy land, you secure your future with trusted real estate experts who put you first. The future belongs to those who invest smartly. Choose Harmony Garden Estate & Development today, where luxury meets affordability.