Real Estate in Ibadan: Best Places to Invest in Ibadan

Ibadan is located in southwestern Nigeria, it’s the capital of Oyo State and one of the country’s most historic and culturally rich cities. As of 2025, Ibadan’s population is estimated at over 4.1 million, making it the third most populous city in Nigeria after Lagos and Kano. 

But beyond its rich history and cultural significance, Ibadan is emerging as a hotspot for real estate investment. With its expansive land area and ongoing infrastructural developments, the city offers numerous opportunities for investors seeking long-term value without the exorbitant costs associated with cities like Lagos or Abuja.

Let’s talk about real estate in Ibadan and explore some of the best places to invest in Ibadan right now.

Why Is Ibadan Gaining Attention in Real Estate?

Ibadan is offering a vast market for residential and commercial properties.

These are some of the key factors attracting investors to Ibadan.

One is Ongoing Infrastructural Development. 

Projects like the Lagos-Ibadan Expressway and the Lagos-Ibadan railway line have significantly improved connectivity between Ibadan and Lagos, Nigeria’s commercial capital.  

These developments make commuting easier and enhance the city’s appeal to both residents and businesses.

Moreover, Ibadan’s real estate market is projected to reach ₦290 billion by ending of 2025, reflecting its growing importance and potential for high returns on investment.  

This growth is driven by increasing demand for affordable housing and commercial spaces, as more people and businesses seek alternatives to the high costs in cities like Lagos and Abuja.

The affordability of land and property in Ibadan is another significant draw for investors. Compared to other major cities, Ibadan offers more budget-friendly options, allowing investors to acquire properties without the hefty price tags found elsewhere.

But prices won’t stay low forever. Development is moving fast, and savvy investors are buying early, just like they did in Ibeju Lekki a few years ago.

Best Places to Invest in Ibadan (2025 and Beyond)

Now let’s get into it. Here are some of the best places to invest in Ibadan, especially if you’re thinking long-term:

1. Moniya

Moniya is rapidly emerging as one of the best places to invest in Ibadan’s real estate market. Located in the Akinyele Local Government Area, Moniya serves as a strategic gateway between Ibadan and northern Nigeria, enhancing its connectivity and commercial significance. 

A significant driver of Moniya’s growth is the Lagos–Ibadan Standard Gauge Railway, which became operational in June 2021. The Obafemi Awolowo Train Station in Moniya facilitates faster travel between Lagos and Ibadan, encouraging migration to Moniya and supporting logistics and trade. 

Land in Moniya remains relatively affordable, making it an attractive option for investors. As of recent listings on Nigeria Property centre, the average price of land for sale in Moniya is approximately ₦950,000, with prices ranging from ₦510,000 to ₦850,000,000, depending on location, size, and features.

The area is witnessing the development of modern estates and these developments enhance the appeal of Moniya for both residential and commercial investments. 

For investors seeking long-term gains, Moniya presents a compelling opportunity. Its strategic location, infrastructural developments, and affordable land prices position it as one of the best places to invest in Ibadan. Patience and foresight in investing here could yield significant returns over the next 5–10 years.

2. Akobo

Akobo is one of the most developed and in-demand areas in Ibadan. It’s great for residential rentals, especially shortlets and family apartments. If you’re looking for fast development and access to schools, banks, and supermarkets, Akobo is worth considering.

3. Oluyole Extension

Oluyole Extension has a mix of residential and commercial appeal. It’s well-planned and continues to attract high-net-worth individuals. This area works for investors who want to build or resell property to a more premium market.

4. Alakia

Close to the airport, Alakia is fast becoming a residential haven. It’s one of the best places to invest in Ibadan if you’re thinking of future developments tied to transportation and logistics.

5. Elebu and New Garage Axis

This axis is popular with new estates and gated communities. Developers are putting up modern bungalows, duplexes, and smart homes. It’s affordable now—but with the current development pace, that might change soon.

How to Invest in Ibadan Real Estate

• Work with a trusted realtor who knows Ibadan well. Local insight matters.
• Verify documents: These documents include the C of O, Governor’s consent, Survey documents. Always double-check the title and ownership before you buy and ensure they are verified with the Oyo State Land Bureau.
• Visit the site: Ensure to go for inspection whether virtually or physically before making any payment. Pictures aren’t enough. Try to see what you are buying.
•  Think long-term. Real estate in Ibadan is a marathon, not a sprint. Think of future developments and look for locations with potential. Hence the need to work with a trusted professional.

Note: You can always contact Jglobalproperties for clarity and investment opportunities in real estate.

Conclusion: Should You Invest in Ibadan?

Ibadan may not be loud, but it’s consistent. And in real estate, that’s a good thing. If you’re looking for land you can buy now and grow over time, Ibadan is one of the smartest choices in Nigeria today.

From affordable plots in Moniya to premium spots in Oluyole, the city is full of opportunities, if you know where to look.

So if you’re ready to explore the best places to invest in Ibadan, I can help you get started with verified options and honest advice.

Let’s talk, no pressure. Just clarity.