Ikorodu has completely changed from a quiet town into Lagos' fastest-growing satellite city. Located 36 kilometers northeast of Lagos Island, this historic town was founded in the 16th century and now perfectly combines traditional Yoruba culture with modern city development.
If you've been priced out of other parts of Lagos, Ikorodu's property market will pleasantly surprise you.
4-Bedroom Detached Houses
3-Bedroom Apartments
Commercial Spaces
Land (per plot)
Compare these prices to Lekki or Victoria Island, and you'll see why many smart Lagosians are moving to Ikorodu.
Fastest Growing Areas: Agric-Isawo Road properties are growing in value by 15% every year because of new road projects. Ebute-Ipakodo is seeing 18% annual growth due to waterfront development projects.
Great Returns: Residential properties give 6-8% rental returns yearly, while commercial properties can give 10-12% returns. This is excellent compared to many other parts of Lagos.
Green Leaf Estate: This is luxury living in Ikorodu, with architecture rivalling some Isalnd homes. Homes start from ₦45 million, but you get facilities that rival some of the best estates on Lagos Island.
Olu-Odo: Perfect for middle-class families, with homes ranging from ₦50 million to ₦200 million. The estate has good security, power supply, and water systems.
Elepe Estate: Great for first-time buyers, with affordable homes ranging from ₦50 million to ₦200 million. It's well-planned with good roads and drainage.
Property experts predict that Ikorodu will see 20-25% property value increases in premium areas over the next few years, making it an excellent investment choice.
One concern many people have about Ikorodu is transportation. Here's the real situation and the exciting improvements coming soon.
Lagos-Ikorodu Expressway: This is the main road connecting Ikorodu to Mile 12 and other parts of Lagos. The journey takes 45-90 minutes depending on traffic conditions.
Ikorodu-Sagamu Road: This road connects Ikorodu to Ogun State's industrial areas, making it convenient for people who work in manufacturing.
Agric-Isawo Road: Recent improvements have made it easier to access the Lagos-Ibadan Expressway from this area.
Ebute-Ipakodo Ferry Terminal: You can take a comfortable 35-minute boat ride from Ikorodu directly to CMS on Lagos Island. This avoids all the mainland traffic and is often faster than driving.
New Jetty at Majidun: Another ferry terminal that helps reduce pressure on the road network and gives residents more transport options.
Many residents now combine water and road transport, using ferries during peak hours and roads when traffic is lighter.
Lagos Rail Mass Transit (Blue Line) Extension: This train line will connect Ikorodu directly to Marina by 2026. Once completed, you'll be able to travel from Ikorodu to Lagos Island in about 30 minutes by train.
Ikorodu-Epe Expressway Upgrade: The government is expanding this road to two lanes in each direction, which will make travel to other parts of Lagos much smoother.
These transport improvements are already increasing property values in Ikorodu, as people realize how much easier it will be to live there and work anywhere in Lagos.
Contrary to what some people think, Ikorodu has plenty of modern amenities for shopping, dining, and entertainment.
Supermarkets & Shopping Malls: For a more modern shopping experience, there are popular supermarkets and marts like Jendol Ikorodu, Grocery Bazzar GB, Justrite, Bokku Mart, and other marts in Ikorodu. These stores offer a wide range of groceries, household items, and more in a convenient setting.
Local Markets: Almost every area in Ikorodu has its own day and night markets. Allison Night Market, Garage, and Ladega are the largest traditional markets in Ikorodu, where you can buy fresh food, clothing, and household items at affordable prices.
Obun Ale Market: A popular local market known for fresh fish, meat, and vegetables.
Whether you prefer the lively vibe of local markets or the comfort of supermarkets, Ikorodu has plenty of options for your shopping needs!
Fine Dining: For a classy dining experience, try SpringTree Chinese Restaurant, TranquilByGlims, Gold Plates, and other upscale spots in Ikorodu.
Popular Eateries: Craving tasty meals? Visit The Place Ikorodu, Yakojeun, Labule, Bukka Hot, Chicken Republic, Tanatilers, KFC, and more for delicious dishes in a relaxed setting.
Local Food Vendors: If you want authentic Nigerian meals at affordable prices, explore the many local food vendors across Ikorodu. Enjoy favourites like amala & gbegiri, pepper soup, suya, and more—fresh, flavourful, and budget-friendly!
Whether you're in the mood for fine dining, quick bites, or local delicacies, Ikorodu has something for every taste!
Best Places for Entertainment & Nightlife in Ikorodu
Orchid Pub – A lively spot for drinks, music, and socializing.
Pereira Lounge – A rooftop lounge with great views and vibes.
Sky Homes – Known for its cozy ambiance and themed nights.
Tranquil by Glims – Combines fine dining with a relaxed lounge atmosphere
Ikorodu Recreational Park - Located Near Customs Service Lighter Terminal, Ipakodo, it features basketball court, playgrounds, BBQ spots, and a serene environment for a picnic.
Dream Park – A family-friendly space with picnic areas and outdoor activities.
Itamaga Park – Local favourite for relaxation and community events.
Bonus: Omu Resort (though outside but close to Ikorodu) offers water parks, go-karting, and boat cruises for day trips .
